Upon reviewing the gold chart in the 2-hour timeframe, we observe that the price, following last night’s analysis, has rallied once again, soaring to $2319! However, it wasn’t long before it encountered selling pressure and has corrected to $2307 as of this moment! As I mentioned in the previous analysis, the significant demand zone for gold lies between $2303 and...
Trading strategy for BTCUSDT: Currently, BTCUSDT is trading around $62,800 USD and showing signs of recovery with support from the $61,000 USD level. The next target is the resistance level at $64,700 USD, followed by $68,700 USD. I highly favor the buying strategy in the current situation. What about you? What do you think about the next trend?
Hey there, what do you think about trading BTCUSD? Currently, on the technical analysis chart, BTCUSD has broken out and ended its downward trend with a breakthrough above the descending trendline at $61,600 USD. From observing the technical chart, I advocate for a buying trend in the short to medium term with a profit-taking target around $64,000 USD, and even...
Hello dear traders! Overall, gold experienced significant volatility yesterday with price gains surpassing $2,328 in a wedge pattern continuing the technical uptrend. It is currently trading at a new high of $2,353, marking a 0.2% gain on the day. So what are the reasons and factors driving gold? Speaking of impact factors, we must mention: Gold prices...
Hello everyone ! SOLUSDT has been on a recovery trend for several days. The price is currently trading around $154.30 USD, and according to the trendline analysis chart, there is strong potential for price increases expected to occur after the retreat to the 0.5 - 0.618 Fibonacci retracement zone.
ETHUSDT continues to trade within a long-standing downtrend channel, with the RSI index remaining stable around 44.30, indicating a sustained trend. Looking ahead, the bearish camp still holds sway, with expectations of a decline towards the 2219 zone after another price rally hits the upper limit once again!
Hello traders! An uptrend line is forming supported by a break of 1.0730. It is currently trading at a new high of 1,077 and is down 0.05% on the day. It can be seen on almost every timeframe that EUR/USD is showing significant gains, indicating a positive outlook. With EU continuing to trade at these high levels it is likely that the 1.0750 price level...
After examining the NASDAQ chart on a 4-hour timeframe, we noticed that the price, following our previous analysis, experienced a drop of 170 pips and managed to correct to 17,970. Subsequently, it regained demand and moved towards the second supply zone. Today, as the NASDAQ index reached 18,250, we witnessed a significant drop from this level, with a decline of...
Hello all dear traders! Let's discuss and strategize our new day! Overall, the EU is facing a decline below the 1.075 breakout support during the Asian session on Wednesday. The main reason is that the US Dollar increased due to expectations that the Federal Reserve will extend higher interest rates, which supported the USD and was detrimental to the EUR....
Hello traders ,what do you think about GOLD? After breaking the 2333 resistance zone, gold grew as expected until the next resistance zone of the 2370 zone. In this zone, it is expected to grow at least up to the specified levels after a correction and pullback to the broken level. If this post was useful to you, do not forget to like and comment.❤️
Market Analysis PT2/2 (9th May 2024) EURUSD Analysis On the 4 hour Timeframe, price is approaching a structural high created on the 7th of May. During london, I will be actively looking for price to sweep the structural high before a short term down trend into the Bullish 4 hour FVG. Once price does tap into the 4 hour FVG, I will be looking for a 15 minute...
Hello dear traders! In general, this pair has broken out of the wedge, signaling that an uptrend is gradually being realized. It is currently trading at 1,253 and is up 0.08% on the day. But! At the same time, the head and shoulders pattern is gradually forming. Theoretically, prices should strengthen further in the near future supported by the fact that after...
Hello all dear traders! Today, gold price touched 2310 USD, continuing to recover in the corrective trend and increased 0.09% during the day. Uncertainty amid rising US bond yields and a strong US dollar kept gold unchanged from yesterday's session. From the 4-hour chart, technically gold is completing a Falling Wedge pattern. In such a scenario, I would...
Hello dear traders! Overall, further recovery in the US Dollar (USD) drove EUR/USD to build on Tuesday's pullback and reach the 1.0730 area, or three-day low on Wednesday . That said, spot extended the recent rejection from the 1.0800 peak. Looking ahead, relatively weak economic fundamentals in the Eurozone, combined with the resilience of the US economy,...
Hello Traders Hope You Are Enjoying Our Analysis. Today We Will Discuss About RNDR (Update) Moving Exactly As We Expected & Running In +30% Profit So Far Still In Bullish Hope Soon Breakout Incase Of Successful Breakout Expecting Massive Bullish Wave
Greetings everyone, Today, GBP/USD surged higher to nearly 1.2540 thanks to better-than-expected Gross Domestic Product (GDP) data from the United Kingdom in the first quarter. The upward momentum is further supported by the convergence between the EMA 34, 89, and the current support level. The price target above the resistance level at 1.255 is being aimed for!
Hello Traders As you can see the price purged the daily buy-side liquidity and then the market structure was shifted on the hourly chart. Now the price is inside a range, creating the double purge scenario for us. If the price sweeps the buy side liquidity first, it is a chance to enter the sell position with LTF confirmation. 💡Wait for the...
My dear subscribers, USDPJPY looks like it will make a good move, and here are the details: The market is trading on 155.69 pivot level. Bias - Bearish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation. Target - 155.55 About Used Indicators: The average true range ATR plays an important role in 'Supertrend' as...