The AUDCAD currency pair is currently forming a Bearish Butterfly Harmonic Pattern (XABCD), indicating a potential bearish reversal. Point D, the Potential Reversal Zone (PRZ), is aligned with a key resistance area and intersects a daily trend line, providing a strong confluence for a bearish bias. Potential Reversal Zone (PRZ) and Key Resistance: Point D is...
Today, the United States released the latest non-farm data. Latest news: U.S. Bureau of Labor Statistics: March non-farm payrolls were revised down from 315,000 to 310,000; April non-farm payrolls were revised down from 175,000 to 165,000. After these revisions, the total number of new jobs in March and April decreased by 15,000 compared with the pre-revision...
Dear traders! Gold's return to a key support structure follows an update to a high of $2,387. =)2332 USD would be a good entry point to buy on the next bull run! This is also the previous resistance structure. If the price forms a Bullish Pin Bar After touching 2332 USD, the opportunity will be better, because the general fundamentals of the market are still positive.
Dear traders! USDJPY is still falling. The support at 155.55 failed to turn UJ around and the downtrend continued. But based on the setup and model, it is expected that after UJ drops to 154.80, the price will recover based on the setup of a double top and bottom pattern that is likely to form. This price increase is expected to target the falling channel...
Gold has delivered impressive gains of over 18% so far in 2024, and June looks promising for investors. With finite supply and fluctuating demand, gold prices are sensitive to economic and geopolitical news. This video dives deep into the current market dynamics and what to expect in the coming month. In June, geopolitical unrest could significantly impact gold...
The price perfectly fulfilled my last idea. It hit the target. OANDA:XAUUSD has made a pullback to the support level, currently testing the previous daily low and key level at 2350. I believe the market may consolidate within the 2400-2350 range, and potentially continuing the current trend as it has broken out of the range zone. The price is rolling back to...
Bitcoin (BTCUSD) requires at all times that we are openminded to all possibilities and not just one. This suggests that we need to be prepared for scenarios that often go against the trend, the majority of opinions and momentum (whether euphoric or panic). Along those lines, we present you today a medium-term pattern that is possible and even though it doesn't...
BINANCE:NOTUSDT looks strong both fundamentally and technically, but the hourly timeframe is forming the preconditions for a “Dump” of the coin before a possible further rise. Since the opening (not counting the listing day), the coin has strengthened quite strongly without much pullbacks, which has created a rather large imbalance. In addition, there is a...
By analyzing the #Gold chart on the 2-hour timeframe, we can see that the price finally filled its old FVG and entered the $2386 supply zone, followed by a sharp decline. The price corrected over 500 pips down to $2332! Note that this significant drop in gold created a large FVG. If today's actual NFP rate is announced to be lower than the predicted rate, it will...
THE KOG REPORT – NFP This is our view for NFP, please do your own research and analysis to make an informed decision on the markets. It is not recommended you try to trade the event if you have less than 6 months trading experience and have a trusted risk strategy in place. The markets are extremely volatile, and these events can cause aggressive swings in...
Hello everyone! Let's talk about XRPUSDT. Currently, XRPUSDT is trading within a descending channel on the short-term chart. However, there's an optimistic outlook as it appears to be forming a bullish flag pattern. After this period of consolidation, the price is expected to break out of the wedge and target higher resistance levels. I’m betting on the...
Hello traders ,what do you think about GOLD? GOLD fell after the pullback to the trend line and reaching the resistance zone.Now it has reached the support zone of 2315. After the correction and breaking this support zone , it is expected to fall at least to the specified levels. What do you think, at what price will gold close tonight? If this post was useful to...
Dear traders! The EU has broken the Neckline so the outlook continues to be positive and maintains activity based on the previous uptrend, the main reason is that the market tends to be temporarily satisfied with Thursday's decision to cut interest rates by ECB. This increases expectations of the Fed cutting interest rates in September, through which the EU may...
Hello friends! A descending price channel is gradually starting to appear on H4 which usually determines our outlook. Speaking of news: Gold prices remained under strong selling pressure during the European session, extending losses below $2,350. China has paused purchases of gold reserves after 18 consecutive months, exacerbating the decline in gold...
Bitcoin is currently trading in an upward trend within a parallel channel, and it is currently testing a significant resistance level near its all-time high. Given the overall positive trend, there is a strong likelihood that the market will surpass this resistance and reach a new high. If the daily candle closes above this level, it will confirm the breakout....
Bitcoin once again started to react strongly after entering the Resistance zone($73,800_$71,900) . Although it tried to break this zone😊. According to the Elliott wave theory , Bitcoin seems to have succeeded in completing the Main wave 5 . In the chart, we can also see the Sell signal between 50_SMA(Daily) and 100_SMA(Daily) (it is a Bearish sign...
Dear traders! BTC is testing local highs and during the correction is consolidating above downtrend resistance. Confirmation of the trend change will be a consolidation above the price level above 68,870. At this point the realization phase will take shape. We await confirmation of a trend change with a view to further strengthening. Therefore, it would be more...
a new category is born a category unclassified yet adaptable it can be a meme a movement a statement a philosophy or whatever either neither its all good spreading the good news of freedom be it financial societal or madness Gate io secured the float Htx as stabilizer for allocation the rest of new DEX coming on board should tale this to TRUMP or PEPE levels