DAY_PROFITS

DAY_PROFITS Jul 24, 2023

Gold is currently displaying a divergence pattern, signifying a potential shift in the price action. Following this pattern, the precious metal has rebounded from a previously established support area, further reinforcing the likelihood of a bullish impulse aligned with the main trend. With this encouraging price movement, our long-term target for gold stands at...

DAY_PROFITS Jul 24, 2023

EUR/USD is currently experiencing a retracement in the opposite direction compared to the USD/JPY. After a bullish upside movement, the pair is now in a corrective phase, seeking support levels for a potential fresh upward impulse. We observe that the 50% and 61.8% Fibonacci retracement levels hold significant potential as dynamic support areas, potentially...

DAY_PROFITS Jul 24, 2023

Amidst a prevailing downtrend scenario in the USD/JPY pair, we have observed a notable pullback in price action, specifically within the 61.8% and 50% Fibonacci retracement levels. This pullback is indicative of a temporary upward correction within the broader downtrend. However, a closer analysis of the price movement reveals a clear pattern of the market...

DAY_PROFITS Updated  Jul 20, 2023

Yesterday, the price of gold concluded the trading session in a range-bound pattern, indicating a lack of clear directional momentum. However, today there are indications that the price might experience a pullback towards the previous support level and potentially break out of the established range area. This breakout could potentially lead to a bullish setup...

DAY_PROFITS Jul 20, 2023

The EUR/USD is currently within the confines of a robust uptrend, and over the past few days, the price has been consolidating within a range of approximately 80 pips. Traders are closely observing this price action, eagerly seeking a favorable opportunity to make a move. Our analysis indicates that we are actively monitoring for a potential retest of the previous...

DAY_PROFITS Jul 20, 2023

The USD/JPY is currently experiencing a bullish rally within a downtrend main trend. In the recent hours, the price has retested the resistance level at 139.600, which coincides with the Fibonacci retracement level of 61.8%. This level could potentially act as a barrier for the price to continue its rally and prompt a reversal back in the direction of the main...

DAY_PROFITS Updated  Jul 18, 2023

In our previous analysis, we highlighted the EUR/USD currency pair's ongoing uptrend, which proved successful as our take profit level was reached on Friday (please refer to the linked idea below for more details). Today, the price action has shown further positive signs as it broke out of a bullish triangle pattern, indicating a potential continuation of the...

DAY_PROFITS Jul 18, 2023

Yesterday, the USD/JPY currency pair experienced a notable rebound from our identified resistance area of interest, located around the 139.000 level. This rebound was a significant development, indicating a potential shift in market sentiment. Today, as we analyze the price action following this rebound, it appears that the pair is poised to continue its downward...

DAY_PROFITS Jul 17, 2023

In line with our previous analysis, the price of GOLD has exhibited robust growth within the persistent uptrend. Notably, the price action utilized the Dynamic trendline as a pullback mechanism, reinforcing the continuation of the upward trajectory. Building upon this observation, our focus remains on seeking opportunities for swing trading setups that align with...

DAY_PROFITS Jul 17, 2023

The USD/JPY currency pair continues to exhibit a bearish downtrend, as previously highlighted in the analysis. The price has encountered a rebound within the resistance zone of 138.000 - 139.000. Given this context, we are currently seeking a short trading setup that aligns with the overall downward trajectory of the pair. Despite any potential short-term...

DAY_PROFITS Jul 14, 2023

Yesterday, the EUR/USD currency pair successfully reached our predefined take profit level during a bullish rally. However, today the price is currently undergoing a retracement, taking some time to consolidate before potentially experiencing a new bullish impulse in line with the prevailing uptrend. Consequently, our analysis suggests exploring a long setup in...

DAY_PROFITS Jul 14, 2023

The USD/JPY currency pair is currently operating within a bearish channel pattern, signifying a sustained downtrend. This indicates a consistent and persistent decrease in the exchange rate between the US dollar and the Japanese yen. In light of this prevailing market momentum, it would be prudent to consider establishing a short position in alignment with the...

DAY_PROFITS Jul 13, 2023

Yesterday, the price of GOLD experienced a further bullish surge, adding to its ongoing rally, which is clearly visible on the H1 timeframe. After a pullback towards a previous support level, the price has shown signs of readiness to continue its upward trajectory. Today, there is a growing anticipation that GOLD will generate another bullish impulse, presenting...

DAY_PROFITS Jul 13, 2023

Yesterday, the EUR/USD currency pair exhibited a robust bullish response to the latest economic news, resulting in another positive surge in its value. This upward movement has prompted traders to anticipate a trend-following continuation in alignment with the prevailing uptrend. As a result, traders are considering a secure long position on the bullish side of...

DAY_PROFITS Jul 13, 2023

The GBP/JPY currency pair is currently trapped within a persistent bearish downtrend. Over the past few hours, there has been a formation of a bearish flag pattern, indicating a period of consolidation before a potential downward breakout. Traders are closely monitoring this pattern in anticipation of a break below the flag, which could signal a continuation of...

DAY_PROFITS Jul 12, 2023

Yesterday, the price of gold reached a significant resistance area at 1940.000. As the market opened today, we witnessed a reversal taking place in the smaller timeframes. Our analysis, specifically in the H4 timeframe, suggests that this reversal has the potential to continue further, with a target set at the previous support level. Furthermore, the rebound in...

DAY_PROFITS Jul 12, 2023

During the previous trading session, the EUR/USD pair continued its upward momentum, extending the ongoing bullish rally and eventually encountering a formidable resistance level at approximately 1.10400. As for today, it appears that the EUR has initiated the market opening with a rebound in this particular area. Notably, the Relative Strength Index (RSI) is...

DAY_PROFITS Jul 12, 2023

Yesterday, the USD/JPY pair displayed a persistent bearish trend, forging ahead with its downward rally and eventually finding support at the significant level of 139.50 on the H4 chart. Today, the price opened with a slight bearish momentum, indicating a continuation of the prevailing trend. Furthermore, an interesting development can be observed in the Relative...