Hello dear traders! On the 2-hour timeframe we see a trend change, then the market moves into a correction and distribution phase and reaches 2355 USD. Accordingly, the USD 2350 resistance area continues to hold the price amid correction and sell-off. I expect that after a retracement and retest of local liquidity areas, the price reaction to liquidity areas will...
Dear traders! Earlier we saw the bulls' attempt to maintain a gradual rise towards the 1.0900 level. However, the Pair retreated after the unsuccessful attempt, mainly due to the strengthening of the US Dollar (USD), dragging EUR/USD to a new 5-day low near the 1.0820 region. Looking ahead, relatively weak economic fundamentals in the Eurozone, coupled with the...
Dear traders! In general, after successfully breaking the resistance level above the Symmetrical Triangle channel, the price has confirmed and the recovery momentum has increased in materialization and distribution. It is now aiming to test local highs, but the upside momentum still looks likely to lack momentum before strengthening further. At this point we are...
Dear traders! As Conan predicted earlier, the GBP/USD pair remains well supported across the price channel amid hotter-than-expected UK CPI inflation data, reducing interest rate cut bets on June from the Bank of England. So the lack of change from yesterday's session above 1.2720 on Thursday and the consolidation above 1.2700 in time should not come as too much...
As we can see that the OANDA:XAUUSD recent sold-off, where the price surged above its previous high before plummeting, breaking through the crucial support level at 2400. At this point, the market may enter a sideways phase, as the formation of a double top suggests that the bulls lacked the strength to push prices higher. This could be an opportunity for...
Today's session marks the beginning of the second up-wave in soybeans. The ultimate target seems to be around the 1305–1310 level. This move begins now and may possibly extend to the end of June or early July. A wide stop is recommended to allow the trade to play out. A close beyond 1189 would nullify this trade, and losses should thus be taken. Stay tuned for updates.
Dear traders! Overall, after gold updated its new ATH at 2450 USD, gold experienced a pullback to 2375 USD. Break of previous previous consolidation above $2400. Amid slowing inflation, Fed officials kept a cautious stance on interest rate policy and extended the duration of interest rate cuts longer. Gold prices have begun to experience downward pressure. From...
Dear colleagues, the markup turned out to be rather unusual, but I still assume that the price is headed for a correction in wave “4” (2328.823). This may mean that the price will soon start an upward movement at least to the area of the nearest resistance at 2404.446. After confirmation of this movement we will consider options for further upward movement....
Following the recent news release, the market experienced a decline, breaking through the triangle pattern and moving towards new lows. FX:EURUSD is currently forming a complex pullback from the resistance zone, with the price approaching the strong support level. Notably, the level has been tested twice before, only to be met with strong resistance. If the...
Dear colleagues, I think that the price has either already completed or is about to complete the impulsive movement in wave “1”, so I expect the beginning of correction at least to the area of 38.2% Fibonacci level 5205. It is quite possible that the price will update the high and reach the area of 5375 before starting the correction. Manage your capital...
Hello Traders ! After a Huge Bullish Move, The ETH Broke a Strong Resistance Level (3729.16 - 3646.38). This Key Level Becomes a New Support Level ! So, I Predict a Bullish Move📈 --------------- TARGET: 4002.00🎯
Bitcoin (BTCUSD) is starting the next rally phase after the pre and post-Halving 2-month consolidation, a development that is consistent with both of its previous Cycles. In fact, if traded around and above the Mayer Multiple Band (MMB) of 1 Standard Deviation (SD) above (gray trend-line), which is the exact same consolidation phase it had (blue ellipse) after...
The price perfectly fulfilled my previous idea. It reached the target level. BINANCE:MATICUSDT has made a significant bullish move, bouncing off the support level at 0.7000. The price has broken and closed above this key level, suggesting a potential upward momentum. On the daily chart, we see a strong bullish candle, which reinforces the possibility of a retest...
As we talked in the previous analysis: The GOLD price reached a strong resistance level (2399.695 - 2431.590). Currently, the higher low is broken! So, i predict a bearish move📉 --------------- TARGET: 2304.000🎯
The price perfectly fulfilled my previous idea. It reached the target level. As we can see, the BINANCE:BTCUSDT has broken and closed above the flag pattern, a classic trend continuation pattern. The bullish candle that accompanied this break signals a strong display of buying power, indicating a dominant trend. At this point, I anticipate two possible...
Hi Traders ! On Wednesday 15 May, The AUDUSD reached a resistance level (0.67141 - 0.67348). The price formed a double top pattern. Presently, the neckline is broken. So, i expect a bearish move📉 --------------- TARGET: 0.65796🎯
Dear traders! On the 1D timeframe, gold confirmed a correction to the liquidity zone after updating its ATH. The $2,400 liquidity zone probably remains a solid support level for continued bullish support. However any false breakout could see gold retreat deeper possibly to the 2375 area with the aim of consolidating before strengthening further above the latest...
Hello traders, we want to check the USDCAD chart. The price is moving in a descending channel and has pulled back to the ceiling of the channel and the specified key level. We expect the price to maintain its downward trend and the price will fall to around 1.36000. Good luck.