BINANCE:BNBUSDT recently broke the key resistance level at 600. The market is probably going to consolidate below the strong resistance and then break through. However, on the 4H timeframe, the market was moving sideways. It broke the top of the range, then retested it, indicating potential trend continuation. On the weekly timeframe, the market formed a massive...
Last time we looked at Russell 2000 (RUT) on April 01 (see chart below), we called for a pull-back towards the Symmetrical Suport Zone, which as you see took place and the price immediately rebounded: We are now at the top of the Channel Down, which so far is a mirror of the January - March 2022 Channel Up and technically is the Handle of the long-term Cup...
Since the beginning of the year, FX:EURUSD has been in a downtrend. Despite occasional reversals from the lows, a broader examination reveals a pattern of lower highs. Recently, once again, EURUSD reversed from the 1.06 zone low, but its ascent was halted just below the descending trend line, followed by a resumption of the downward movement. Moreover, the...
📈💼 DXY Update! 💼📉 Hey there, traders! 🌟 The dollar index, DXY, is in the spotlight once again! 🚀 Currently, it's cozying up to a crucial support trendline after some recent rollercoaster rides. 🎢 This area has become a hot topic, especially after a quick dip and an even quicker recovery. 🔄 But hold your horses, we're not out of the woods yet! 🌳 The upper...
Hello friends! Overall, BTCUSDT experienced significant volatility yesterday with corrective momentum beyond the $63,000 level. It is currently trading at $62,189, marking a 0.18% drop on the day since hitting $63,000. So why is the cryptocurrency market bearish today? On today's impact news: Grayscale has withdrawn its Ethereum Futures ETF application less than...
Recently, FX:EURAUD breached the 1.63 support level. However, after reaching a low of 1.6220, the pair swiftly reversed, indicating a false breakout. Over the past three weeks, the pair has formed a falling wedge pattern, hinting at a potential reversal to the upside. Confirmation of a bullish scenario would come with a break above the descending trend line. In...
Nasdaq (NDX) easily hit our 18000 Target, which we set 2 weeks ago (April 23, see chart below): That was the top of the Channel Down and 0.786 Fibonacci retracement level. As mentioned this is an important Resistance level as during the previous correction of the 1.5 year Channel Up (which bottomed on October 26 2023), the 0.786 Fib was the level that...
DISCLAIMER This is not financial advice; you are trading at your own risk. Never risk more than you are willing to lose. Gold/USD (XAUUSD) Ideas For 08 May 2024 SELL LIMIT Order: $2322.36 Stop Loss: $2330.23 Take Profit 1: $2314.75 Take Profit 2: $2304.62 Risk per trade: 0.5%. MT4/5 trade expiration: Today 100% mechanical strategy, zero analysis, zero...
In my earlier analysis of OANDA:XAGUSD , I emphasized that bulls ought to monitor the price action closely, as Silver's correction might have concluded and previous resistance could now serve as support. As anticipated, following a double Pin Bar formation in that area, Silver's price began to ascend, currently trading at 27.60, around an interim resistance...
On the today's live stream, we discussed GBPUSD. The pair is currently testing a key horizontal demand zone on a daily. Our to signal to buy the market with a confirmation, will be a bullish breakout of a horizontal neckline of a double bottom pattern on 1H time frame. An hourly candle close above 1.2502 will confirm the violation. A bullish continuation...
📉 Dow Jones Update: Bullish Breakout Signals Potential Recovery! 📈 Hey traders! 🌟 Big news from the Dow Jones market! 📉 After a prolonged correction from its all-time high, we're seeing some serious action! 🚀 🔄 On the 3-hour chart, the Dow Jones has formed a massive double bottom pattern. 📊 This is a classic sign of a potential trend reversal, folks! 💥 🐂 And...
Hello traders, we want to check the AUDCAD chart. The price has reached the specified resistance level after an upward movement. We expect this level to stop the upward trend of the price and the price will fall to around 0.89800. Good luck
Morning everybody, So, the first step of our trading plan is done - market is around 61K, which is intraday strong support area. It is preferable if upside action starts from here, although downside continuation to next support and XOP target will not become a tragedy yet, but will be looking worse with lower chances on success. Now we need to watch for small...
Bitcoin price remained well above the $62,500 support zone and extended its gains. BTC was able to overcome the resistance at $64,500. It even cleared $65,000 and checked $65,500. A high was formed at $65,550 and the price is currently correcting gains. There is a minor decline below the $64,000 level. However, the bulls are active near the $63,000 area. There is...
The price perfectly fulfilled my last idea. BINANCE:DOGEUSDT formed a double top at the channel top, then rolled back to the support level at 0.14. On the weekly timeframe, it created a long-tailed bar, which indicates buying pressure. The market might retest 50%–61.8% of the weekly candle. If the price bounces off through the support zone at 0.13-0.14, we can...
Hello,Traders! CRUDE OIL was going Down but now we are Seeing a bullish breakout From the wedge pattern So we are locally bullish Biased and we will be Expecting a local move up Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!
#EURUSD UPDATE Hey team hope you all are enjoying our ideas and analysis. Now we are here to discuss about EURUSD. EURUSD is making bearish flag pattern in daily Timeframe. That mean we can see a good drop in price here. In this move we can see drop upto 200Pips+ soon. Keep in touch we will update further soon.
Hello Traders, here is the full analysis. Price reversal going up, levels for BUY . ! Great BUY opportunity USDCAD I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad...