FX:EURUSD made a significant move last week. After careful analysis and consideration of various economic factors, it appears that the FX:EURUSD is poised to remain within my range zone of support and resistance levels until news. Do not forget, this week, we anticipate a significant surge in market volatility as several major central banks are set to make...
The bears have pushed below the trendline, we can expect a pullback on the next support zone. On the daily timeframe, the price action created a long-tailed bar, indicating a rejection of the level. Euro area core CPI is forecast to have risen 5.4% on-year in June Vs 5.3% in May. Headline CPI is expected to have moderated to 5.5% on-year from 6.1% previously,...
Since the price has recently shifted from BULLISH to BEARISH, I would consider entering this order during a potential change in the trendline that could signal a return to a bullish trend. Strong resistance formed at .800 zone. According to the news of the day, this zone can easily be exceeded to reach the daily resistance. About BOJ Just last Sunday, the...
A few people asked me for targets. We don't change the entry points, I just add the targets if an entry point is touched. The USD strengthened against most major currencies, especially GBP (inflation dropped below 8% for the first time in over a year), AUD, and JPY. The DXY index has risen above 100, though there was a retracement from the peak during the...
There might be a rejection at the Fibonacci level of 0.618. After being rejected at the resistance zone, I do not anticipate a retest at the moment. The USD strengthened against most major currencies, especially GBP (inflation dropped below 8% for the first time in over a year), AUD, and JPY. The DXY index has risen above 100, though there was a retracement from...
I expect a retest and a price increase, and I plan to take-profit (TP) at the 650 zone. The current trendline suggests a bearish trend, but in general, we broke above the descending line on July 14th. British Pound edged lower after the latest UK inflation report. The lower-than-expected CPI release saw UK terminal rate expectations dialed back from around 6.25%...
After breaking out of the descending channel, we entered a period of consolidation within a range. Canadian headline inflation YoY in June declined to 2.8% beating estimates of 3%. The drop in inflation was fairly broad-based with gas prices leading the way. Excluding gasoline, headline inflation would have been 4.0% in June, following a 4.4% increase in May....
We broke the descending channel. We can see that after the impulse, the correction and pump to 0.618 FIBO is perfect, so we can potentially take a long trade while following the current trend. The news is still the same for the YEN, I don't expect a "quick" dump for the moment. I would take my profits towards 800, but a stop loss at 800 is possible if the level...
It is still premature to anticipate a gold rally despite the recent price increase of over $30 for the week, as the gold market will remain highly responsive to the Federal Reserve's (Fed) interest rate projections. I expect a correction at the beginning of the week. Price retested the range high twice and rejected. The market is undecided, waiting for news, so...
The market is hovering near a strong horizontal level at 1.123. Itt experienced an upward movement from the support level and reached a new high. Additionally, on the weekly timeframe, the market has encountered strong resistance (chart) as well. The US dollar has started the week in a weak position, as indicated by the US dollar Index falling below 100 and...
After news, we can think price gonna breakout my descending line and reach 1.32. It can go higher.
No news, like everytime ! Waiting G20 ... There is a small area of resistance at 180.500 (not on chart) and a big one at 180.
Hello. 🚀 If you want to help me here, please follow me 🚀 The monthly chart for CRYPTOCAP:BTC is showing a strong bullish trend, with two clear downward spikes near the 10-day moving average since the low in 2022. The first shakeout occurred in March during the banking crisis, a second in June followed by a period of consolidation. However, in this new 4-year...
Hello. Bullish again on the 0.618 fibo, take a small profit on it. Next resistance at 1.10600 🚀 If you want to help me here, please follow me 🚀
I expect a rejection of the resistance and fibo 618 which is right on it next. 🚀 If you want to help me here, please follow me 🚀
With the liquidity zone on 1937 being done, I expect a fall on the 1H demand zone on the 1913 zone. 🚀 If you want to help me here, please follow me 🚀 ✅ Random GOLD Wins Idea ✅
Watch the breakout zone. The idea is that we come and short until a resistance in the 273 area. And especially pay attention to the FUD/FOMO. 🚀 If you want to help me here, please follow me 🚀 ✅ Random GOLD Wins Idea ✅
Let's take a small profit. We clearly see the three rejections in this range area. 🚀 If you want to help me here, please follow me 🚀 ✅ Random GOLD Wins Idea ✅