EURUSD is on the verge of a breakout to the upside. Looking like we have price in the bottom with the correlation to the DXY also. looking for this reversal pattern to play out buying any dips using the 50MA on the 4HR as my price pushing support
NYMEX: WTI Crude Oil ( NYMEX:CL1! ), COMEX: Micro Gold Futures ( COMEX_MINI:MGC1! ) Over the weekend, military conflict in Gaza between Israel and Palestine shocked the world. I condemn violence against civilians and pray for the victims and their families. In the following paragraphs, I will discuss how the prices of strategically important commodities, namely...
Dear colleagues, I analyzed gold for a long time and realized that the price has updated wave 3. This means that I am waiting for a correction of wave 4, after which I assume that there will be an update of the low of wave 3. At the moment I expect correction of wave 4 with the aim to reach the area of 38.2%-50% Fibonacci levels 1840. Manage your capital...
#GBPUSD UPDATE Hi team, hope you are enjoying your trading journey and our trading ideas and analysis. We are here to share our analysis on GBPUSD. GBPUSD is in uptrend in lower time frame and hit the higher time frame order block. if it go bit up and retest the mentioned level of structure, we can see a bearish move. It can give us up to 130+ pips target
Bear market rally is forming with Gold. We are seeing a somewhat recovery. But the overall medium term trend is down. And we need to act accordingly to the major trends. This is a normal Dead Cat Bounce. And the ONLY way it will prove me wrong, is if it breaks out of the downtrend which will start a new uptrend. So what could cause this uptrend? 1. Safe...
The strict beauty of the chart is a reflection of the fierce eternal battle between the bulls and bears and right now I can clearly see that the bears are taking over so we will bend to the will of the crowd and sell too. ❤️ Please, support our work with like & comment! ❤️
CAPITALCOM:OIL_BRENT On the fundamental side, Brent oil prices have been supported by a number of factors in recent months, including: Strong global economic growth, which has boosted demand for oil. Supply disruptions caused by the ongoing conflict in Ukraine. The decision by OPEC+ to cut production by 2 million barrels per day. The war in Iran, which has...
My dear followers, This is my opinion on the GOLD next move: The asset is approaching an important pivot point 1846.5 Bias - Bearish Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market. Goal - 1833.4 About Used Indicators: For more efficient signals,...
XAUUSD bounced from support Where do you think it is headed next?
WTI Oil opened with a huge gap up due to the Israeli - Palestinian conflict. As you know, the is always up to 80% chance that the gap will be filled. For us, it can be a nice shorting opportunity. To trade that with a confirmation, focus on 84.5 - 85.0 area. That is a minor intraday support that is based on gap close level and recent historical price...
Preferred direction: SELL Comment: The extreme trading idea for gold worked out perfectly. At the moment, the local strengthening of the metal is likely to continue, this will be facilitated by the technical and fundamental factors. We cannot rule out a slight downward movement, as in most major instruments, after which there will most likely be growth with a...
Preferred direction: BUY Comment: There is a prospect of growth within 1-2 weeks for the USDCHF currency pair. Before this, as we wrote in our last idea for the franc, a slight, shallow fall is expected. You can start shopping now. You can also buy in the area of the level 0.90500. Growth target level 0.91475. Thank you for like and share your views!
Preferred direction: SELL Comment: Monday's oil gap surprised everyone, but given this geopolitical background, this is not surprising in principle. The strengthening of oil is most likely short-term and a fall can be expected soon. Most likely it will be in the middle of this week. The goal of the fall will, of course, be closing the gap, and even moving...
Preferred direction: BUY Comment: The Canadian is also prone to fall against the dollar. At the moment, the price is trading at the level of 1.36545, and given this fact, in the near future the price may fall a little further below the level, in the form of a breakout. A deep potential false move down is not expected. The purpose of the purchase here will be...
If the United States tightens sanctions on Iran, analysts at Commonwealth Bank of Australia (CBA) estimate that about 0.5-1.0% of global oil supply may be affected, which would push Brent crude oil prices above $100 per barrel. A further risk is whether Iran will try to disrupt oil shipments through the Strait of Hormuz, through which 15-20% of the world's oil...
Preferred direction: SELL Comment: It’s not particularly possible to find long entry points for the Australian currency. Here it is better to stick to the sell-priority further. At the moment, the price is at the resistance level of 0.63775, which makes it possible to gradually gain a short position. One need to understand and give some room for the fact that...
Natural Gas - Elliott Wave Count Natural Gas - On the 1hr chart, NG displays a clear impulse Wave formation, indicating that the market is likely to continue the bull run to the 300 range after the minor correction(may drop to the 260 range for the short term) and then we can expect significant correction toward the 180 range. Please note that this information...
Preferred direction: BUY Comment: According to the results of statistics from the US on the labor market, the pound, like many of the dollar's competitors, was able to strengthen. However, such strengthening is unlikely to last. But still, at the beginning of the week, it is most likely better to take a closer look at purchases. The goal of growth will be a...