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Oct 01, 2025

Trade ideas

XNGUSD: Opportunity for growth

XNGUSD, Daily

XNGUSDDaily.png

In the daily timeframe, XNGUSD formed a falling wedge pattern and broke through the upper trend line. The price broke through MA200, and Chaikin rose above 0 again.

  • We are considering buying XNGUSD only if it consolidates above 3.600 with a target of 4.000.

Trading foreign currencies on margin involves significant risks and may not be suitable for everyone, as high leverage can increase both potential gains and losses. Before entering the foreign exchange market, it is essential to evaluate your investment goals, personal experience, and risk tolerance.

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Egor Schmidt

Author: Egor Schmidt

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