As I discussed in my previous weekly outlook on OANDA:XAUUSD , the market took a significant hit after the NFP release in the NY session. The stronger-than-expected jobs report has sparked speculation that the Federal Reserve may not cut interest rates as soon as expected, leading to a pullback in many markets - including Bitcoin. Initially, the gold market...
BINANCE:NOTUSDT has pulled back to the support level, forming a descending triangle. As we can see, the price is currently testing the bottom of this downward channel and support level at $0.015. On the daily chart, we observe that price action has created a buying zone between $0.0130 and $0.0150. I believe that the price may dip slightly before creating new...
Dear Colleagues, the news had a big impact on the price last week. I think that everyone felt these changes. My last trade went to breakeven, although it was very close to the target. Now I believe that wave 4 is still not complete. This means that I expect further price decline to the area of 100% Fibonacci extension level at 2252.844. Of course, I expect a...
After a month-long consolidation near its peak, ETH plunged sharply, reaching a low of 3380 yesterday. Despite this drop, the medium-term bullish trend remains intact and this decline should be seen as an opportunity to buy at more favorable prices. My strategy is to buy on dips, anticipating a break above 4000.
The daily chart is displaying a strong uptrend, with the FX:USDJPY having recently broken and closed above a previously tested level. This significant breach was marked by a large bullish candle, indicating that the level has gained importance. The price action had earlier formed a triangle pattern, which was eventually broken through. On the daily chart, the...
As you know from my previous posts and videos, I'm strongly bearish on OANDA:XAUUSD . However, in my analysis yesterday, I mentioned that after such a significant drop on Friday, a correction is possible. Indeed, after a double tap on the 2290 zone support, gold started to reverse and reached an intraday high of 2315. There is still the possibility of a new...
As you know, I'm strongly bearish on gold in the medium term. However, as I explained in previous posts, I expected a recovery after Friday's 1000-pip drop. The big question now is: from which level will gold start falling again? As I mentioned yesterday, a new leg of correction is probable. At the time of writing, with the price at 2313, it seems we are in the...
The price perfectly fulfilled my previous idea. It hit the target level. After an initial impulsive movement, FX:NZDUSD is now consolidating and gradually retracing back to the resistance zone. However, price action has failed to break and close above the key level of 0.62000, which suggests that a more substantial pullback is likely to occur. The weekly chart...
The beginning of May marked the start of a correction for the DXY, with the index dropping from 106.50 to the 104 support zone. However, after finding support around 104 and undergoing a few days of consolidation, the much stronger-than-expected NFP data last Friday led to a reversal for the US Dollar, as evidenced by a significant bullish engulfing pattern on...
Dear colleagues, since the 5351 level has been broken, I believe that wave “2” has been completed, which means that wave “3”, which consists of five small waves, is currently developing. Now I assume that either the price will continue the small wave “1”, or will form a small wave “2” in the area of 61.8% Fibonacci level, then continue the upward movement to the...
BINANCE:BTCUSDT market surprised by making a sudden plunge downwards, taking liquidity below the crucial 67,000 support level. On the daily chart, the price formed a candle with a significant wick, indicating a clear rejection of this support level. I believe that the market will likely continue to move sideways, as it has been stuck in a consolidation zone since...
Dear Colleagues, as in the last forecast I assume that the price was moving in wave “4” and is currently completing this wave. I expect the wave to start downward movement and reach the support area (minimum of wave “3”) at 72.631. Because this movement will be the development of wave “5” in the ending diagonal. Manage your capital correctly and competently!...
I have two options here.. bullish continuation from here or bearish break.. Potential BEARISH move! Hello Traders, here is the full analysis. I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity AUDJPY 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...
BINANCE:AVAXUSDT encountered a strong rejection at the resistance zone, leading to a subsequent sell-off. Despite the bulls' efforts, they were unable to muster sufficient strength to form a new high. The market has been stuck in a consolidation zone since mid-April, and I believe it may be heading towards the bottom of this range as the price has broken and...
The sudden plunge of BINANCE:BTCUSDT triggered a widespread panic sell-off across the crypto market, causing a ripple effect that sent prices tumbling. As we can see, the price has formed a consolidation zone, characterized by higher lows and equal highs, indicating a potential stabilization in the market. The trend is now heading towards the support level and...
EURUSD is moving in a descending channel between the trend lines and Resistance area. Is near the resistance, where price dropped before. We expect a bearish move from the confluence zone. Hello Traders, here is the full analysis. I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity EURUSD I still did my best and this is the most...
Dear Colleagues, after such sharp moves and breaks, the wave markings may look a little strange and break some rules, but this is rare. In this case, I still assume that all this movement is a movement in wave “2”. And it won't be long before the long awaited upward movement begins. Plus, the gaps are most often closed. I expect that the price will push from the...
From a fundamental standpoint, given the political problems in the EU, the GBP is expected to outperform the Euro, regardless of what happens with the major pairs (EUR/USD and GBP/USD). This, combined with the technical outlook, could create a promising selling opportunity for EUR/GBP. As shown in the chart, the pair broke a major support level this week....