Hello traders ,what do you think about GOLD? Gold is undergoing an upward correction after its recent fall. We expect it to drop to the specified levels after reaching the 1985 zone. Tomorrow's NFP news can be a price driver for gold. If this post was useful to you, do not forget to like and comment.❤️
Hey Traders, in today's trading session we are monitoring US30 for a selling opportunity around 33200 zone, US30 is trading in a downtrend and currently it seems to be in a correction phase in which it is approaching the major trend at 33200 zone. Trade safe, Joe
Hello Traders, welcome to this free and educational multi-timeframe technical analysis . On the weekly timeframe you can see that over the past 150 days Nvidia stock is actually up about 200% and is therefore definitely ready for a short term correction. You can also see that we do have the next previous resistance zone which is now turned support exactly at the...
Technical analysis: The EMA 34 and EMA 89 cross each other, showing a strong uptrend. The RSI is also above its average, providing further support for a bull market. It is clear that the uptrend is firmly established. Predict the market after NF: The value of the US Dollar plummeted on Thursday due to the ongoing weakness of US Treasury bond yields....
On the chart, you can see my Fibonacci original pitchfork on the logarithmic scale, starting from the bottom at 15476. As you can see, this pitchfork is very well respected, sometimes pretty much exactly to the dollar. The power of a pitchfork is real on Bitcoin. I use Fibonacci 1, 0.618, 0.382, and 0 values for it. Right now, the price of Bitcoin is still...
"The Bull Market is back!" Say the TV talking heads. But in spite of the tech runup, small caps remain stagnant and 40% of stonks still trade below their 200 DMA. So, the 'bullishness' is limited to the glamour go-go issues. NVDA, MSFT, AAPL, MSFT, AMZN, GOOG META... etc etc all go higher, while the rest languish. That ain't a bull market, it's a Bear Market...
Hey Traders, in today's trading session we are monitoring GBPJPY for a buying opportunity around 172.900 zone, GBPJPY is trading in an uptrend and currently seems to be in a correction phase in which it is approaching the major trend 172.900 support zone. Fundamentally with the inflation concerns the market is pricing further rate hikes from BoE. Trade safe, Joe.
TESLA / 1D Hello Traders, welcome back to another market breakdown. TESLA has broken from a major trend line indicating more upside. I'll look to get back in on the next pull-back. Trade safely, Trader Leo.
technical analysis: The H1 frame's KEYLEVELs are proving to be valuable as they consistently influence the price line. Although EMA 34 & 89 are presently lower than the price line, there is a likelihood of a rally. Additionally, the RSI is higher than average. Based on price action, it appears that there may be a downward correction before a rise to 198x. ...
After expressing our concerns about gold's rally in early May 2023, we saw it tumble as low as $1,932.11 just two days ago. Since this low, gold’s price rebounded above $1,970 and then weakened again. Currently, it trades near $1,955 per troy ounce. That brings us to a similar assessment as in our previous article, and we will pay attention to the two closest...
Hey Traders, in today's trading session we are monitoring EURGBP for a selling opportunity around 0.86300 zone, EURGBP was trading in an uptrend and successfully managed to break it out. Currently EURGBP seems to be in a correction phase in which it is approaching the retrace area at 0.86300 support and resistance area. Trade safe, Joe.
With the unemployment data being scheduled for release today, we would like to focus on this topic. Previously, we stated that historically, each 1% rise in unemployment within the United States was accompanied by a recession. Therefore, today, we want to highlight a few interesting trends in unemployment with regard to specific states rather than a whole country....
Hey Traders, in today's trading session we are monitoring NZDUSD for a selling opportunity around 0.60300 zone, NZDUSD is trading in a downtrend and currently seems to be in a correction phase in which it is approaching the major trend at 0.60300 support and resistance zone. Trade safe, Joe.
Hey Traders, in today's trading session we are monitoring GBPUSD for a selling opportunity around 1.25700 zone, GBPUSD was trading in an uptrend and successfully managed to break it out. Currently GBPUSD seems to be in a correction phase in which it is approaching the retrace area at 1.257000 resistance area. Trade safe, Joe.
Hey traders, In today's trading session we are monitoring USDCHF for a buying opportunity around 0.90500 zone, USDCHF is trading in an uptrend and currently seems to be in a correction phase in which it is approaching the major trend at 0.90500 support and resistance zone. Trade safe, Joe.
After breaking the bearish channel, GBP is trying to fake out a reversal. Despite the lack of bull volumes, another drop is expected to gather more liquidity.
*Important - Once the majority bashes crypto and calls it a scam calling for lower targets (like how many did in 2018 and missed out), that is when I will be all in! Whales/elites will not miss any opportunities to make money. They simply buy the fear, hype up the market, take profit and crash it again after taking profit. Instead of beating then, lets ride with...