Dear traders, I am Conan! Today, I want to share with you an extremely exciting update on medium and long-term gold. Overall, Gold is currently at a historic peak and all signs indicate that prices will continue to explode in the coming years. As you can see On the chart, we can see a strong developing cup and handle pattern on the monthly timeframe. This is a...
Hello dear friends! That's the end of another trading week! Let's recap the markets from last week and discuss our new plan for next week, shall we? On the previous 1D timeframe we saw the trend change and the market quickly tested the 1.0900 high. But! Unfortunately in the uptrend it is in a consolidation correction above the downtrend resistance level....
Dear traders! We saw confirmation with the bullish sinking candle, getting support at 1.0830 with confluence from the 34.89 EMA. Therefore, the EU outlook remains very bullish and it is likely that based on our analysis, it continues its upward momentum towards the 1.0880 resistance and shakes open a bullish buy scenario towards the resistance level of the range...
Dear traders! Gold prices are consolidating the previous recovery in a downtrend but remain limited in a narrow range near $2,350. Accordingly, News is ahead, we are waiting for the highly anticipated US Core Personal Consumption Expenditures Price Index, the Federal Reserve's preferred inflation measure, for momentum new directional force. You need to understand...
During this weekend's trading session, the gold market received the personal consumption expenditure index (PCE) report, one of the most important data of the week. Although inflation increased as expected, increasing the possibility that the US Federal Reserve (Fed) will lower interest rates this year, gold prices continue to decline. Gold prices' retreat after...
Bitcoin (BTCUSD) is technically about to complete the Right Shoulder of the Inverse Head and Shoulders pattern (IH&S) that followed the All Time High (ATH) of March 14. The driving vessel behind it is a (dotted) Channel Up whose Bullish Leg peaked at +19.50% and its two Bearish Legs so far have been around -8.00%. As you may realize, there is a high degree of...
BINANCE:BTCUSDT made a significant surge on May 20th, and since then, the price has been oscillating within a narrow range zone. As we can observe, the price action is gradually narrowing down, indicating a potential breakout. On the weekly timeframe, an inside bar formation is developing, which suggests that the price may be building up energy for a move....
Gold prices fell on Friday (May 31), as investors considered the US inflation report mostly as forecast, despite expectations that the US Federal Reserve (Fed) will lower interest rates in This year has helped gold increase for the fourth consecutive month. At the end of the trading session on May 31, the spot gold contract erased the early session gain and...
Dear traders! EURUSD continues to remain within a medium to long-term downtrend channel despite some mild recovery yesterday, but overall still unable to overcome 1.0850 resistance amid shifting sentiment from That pulled the EU down sharply to near the 1.0800 support level as of now. Accordingly, Resistance at 1.0850 continues to hold prices amid correction and...
Dear traders! On the demand timeframe we see EURUSD trading on an uptrend basis after it previously broke out of downtrend resistance. The technical outlook is optimistic and the Uptrend will certainly be supported by buyers higher and we would expect a local price increase targeting the medium to long term near the 1.1000 mark.
Dear traders! Gold (XAU/USD) traded steady at $2,340 on Friday, pausing a difficult recovery from Thursday's three-week low around $20 lower. The recovery came after weaker US growth data showed inflation will be contained and interest rates are likely to fall. As a non-yielding asset, lower interest rate expectations are positive for Gold. And if the upward...
Please, check our technical outlook for ETHUSD. Time Frame: 4h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is trading around a solid horizontal structure 3,770.2. The above observations make me that the market will inevitably achieve 3,568.9 level. P.S We determine oversold/overbought condition with RSI...
BINANCE:PEPEUSDT has been on a remarkable bullish run, consistently posting higher highs and forming a strong upward momentum. The recent market action saw a new all-time high, followed by a retracement. As the market pulls back, it's likely that it's forming a complex pullback towards the support level. Notably, the price has been making higher closes with brief...
Last week was a tough period for gold, marked by a sharp reversal where the bull's momentum suddenly gave way to a bearish surge. The bull takes the stairs, the bear jumps out the window as they say. The sudden correction was not a surprise, but rather a necessary step in the market's attempt to rebalance itself. The price had been forming a divergence for some...
The NZDJPY pair is trading on the 4th straight green 1W candle and is approaching the top (Higher Highs trend-line) of the Channel Up pattern that started on November 2020. Even though it may extend to a +9.30% rise (the smallest long-term it had within the pattern), selling now offers excellent Risk/ Reward conditions. Our target is 92.000 (Higher Lows...
Dear colleagues, the markup turned out to be rather unusual, but I still assume that the price is headed for a correction in wave “4” (2328.823). This may mean that the price will soon start an upward movement at least to the area of the nearest resistance at 2404.446. After confirmation of this movement we will consider options for further upward movement....
#AUDCAD UPDATE Hey team hope you all are enjoying our ideas and analysis now we are here to discuss about AUDCAD. AUDCAD almost breakout done. After this breakout we can see drop upto 100Pips+ soon ✍
Hello,Traders! USD-CHF is going down Towards the horizontal Support level of 0.9000 From where we will be Expecting a bullish rebound From the level below Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!