The descending triangle pattern played out perfectly in the my last weekly forecast. The OANDA:XAUUSD market has had a strong rally on the last 2 trading days and looks poised to continue consolidating in the range. The support level at 2300 remains a key level, with bulls likely to step in on any pullback. Next week attention will also be on the resistance...
Hi. COINEX:BTCUSDT Today, I want to analyze BTC for you in a DAILY time frame so that we can have a SHORT-term view of BTC regarding the technical analysis. (Please ✌️respectfully✌️share if you have a different opinion from me or other analysts). ➡️ the odds of another bullish Movement is Pretty high because the pattern which BTC is in, Is a Bullish wedge...
Hey Traders, in today's trading session we are monitoring DXY for a buying opportunity around 104.200 zone, DXY is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 104.200 support and resistance area. Trade safe, Joe.
The price perfectly fulfilled my last idea. It hit the target zone.The market has dropped from the resistance zone, characterized by a series of lower lows and lower closes. FX:GBPAUD broke through the significant level of 1.9000. Currently, the market is consolidating around this level, with a notable resemblance to its previous price action. Looking left we...
Hey Traders, in today's trading session we are monitoring NAS100 for a selling opportunity around 18300 zone, NASDAQ was trading in an uptrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 18300 support and resistance zone. Trade safe, Joe.
In 1 hour, we are expecting US PPI report. Ahead of the release of that data, I see a bullish price action on US30. After a test of an intraday support, the Index started quite a long correction within a narrow horizontal range. Its resistance was broken with a strong bullish candle, indicating the strength of the buyers. The market may bounce. Goal -...
Greetings, We've identified a promising Adam and Eve setup on FET, signaling the potential for a substantial rally in the near future. Building on the success of our previous analysis, particularly with regards to wave 3, we anticipate a similarly favorable outcome this time around. It's crucial to capitalize on this opportunity by holding onto the coin, as...
Here I have AUD/USD on the 1 Hr Chart! Tonight, we have seen Price make a drastic turn to the Upside back into this Descending Channel it was traveling in last week! With this False Break of the Falling Support, could we see the appearance of a BULL FLAG?!?! Now with a Bull Flag, we expect valid tests of both the Falling Resistance and Falling Support!! So far,...
Monthly Chart Analysis: Since July 2020, NIO has successfully closed the Fair Value Gap (FVG) and reclaimed its position above the resistance line of a falling wedge. This breakout is crucial, indicating a potential reversal of the previous downtrend. Moreover, the monthly Relative Strength Index (RSI) falling wedge has been convincingly breached, accompanied by...
My dear followers, This is my opinion on the USDCAD next move: The asset is approaching an important pivot point 1.3639 Bias - Bullish Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market. Goal - 1.3657 About Used Indicators: For more efficient signals,...
Hi. COINEX:TONUSDT TON is in an ascending triangle which means the price is about to do a good bullish movement. The price can increase as much as the measured price movement ( AB=CD ) .The break out needed for increasing further has not happened but it should happen pretty soon. ✅ Due to the Ascending structure of the chart... 🟢 TON has been Bullish...
Pepeusdt has successfully reached its impressive, inverted head and shoulders (ISHS) target, demonstrating stability above this significant bullish reversal pattern. Currently, there are indications of potential consolidation in the form of a bullish pennant, further reinforcing the bullish sentiment. If this scenario unfolds as anticipated, our profit-taking...
Silver is forming a nice setup. I would like to see a pullback to the D1 FVG / BPR midpoint where I would like to take a long trade and I think they could support the price for the further move up. COT Data looks bullish to Always follow these rules - Accumulation / Manipulation / Distribution - No liquidity raid = No trade - Never buy high and never sell...
Antonio Juliano, the founder of dYdX Trading Inc., has stepped down as CEO of the decentralized derivatives exchange. The change was not sudden to the internal team, employees, or stakeholders, but had been in discussion. Juliano stated that the SEC has not taken action against dYdX Trading and that he is not expecting a Wells notice. Juliano had experienced a...
Take 4 Increase Lot size to 4 Technically lost the 3rd trade AUD keeps pushing up But I believe they are just taking out Liquidity to head lower. USD still Fundamentally Stronger than Ozzie 20 v's -11 Expecting Higher CPi numbers coming in for April has been trending up MOM since June last year so not under control yet. Means Interest rates stay...
The U.S. Department of Energy has announced a conditional loan guarantee of up to $1.66 billion for Plug Power Inc, ( NASDAQ:PLUG ) aimed at facilitating the construction of up to six clean hydrogen production plants. The produced hydrogen is intended for use in fuel cell-electric vehicles for material handling, transportation, and heavy industry. The initiative...
FX:AUDNZD has broken through the range zone and has created new extensions. It is currently hovering around the key level of 1.1000. The market appears to be in an accumulation phase, suggesting a potential upside move that could result in new highs. As the price consolidates, I anticipate a pullback to a support level followed by an upward move to retest the...
This 15-minute chart of XAUUSD shows that the bullish momentum is diminishing as the price approaches a resistance zone marked in red. The recent upward trajectory has lost strength near this key resistance level, indicating potential exhaustion among buyers. Consequently, there is a notable possibility that Gold could retreat, retracing its steps back to the...