The market has taken a turn to a risk off scenario. When on spot without the capability to short, the most logical move is a rotation towards the most Risk-Off asset there is Agriculture. Under normal conditions gains in this area would be meagre at best. However, as producing countries face civil unrest due to rising inflations, we are seeing an increase in...
The market has taken a turn to a risk off scenario. When on spot without the capability to short, the most logical move is a rotation towards the most Risk-Off asset there is Agriculture. Under normal conditions gains in this area would be meagre at best. However, as producing countries face civil unrest due to rising inflations, we are seeing an increase in...
This graph is a representation of my point of you of the futures market (USD).
Analysis of the chart shows that we can expect up to the specified range. ENTER BY TRIGER
As you see in the 4H time frame, price could not break the support zone and was pushed to the upside and pulled back to 1850. The main trend is still bearish but we don’t know know if the downtrend has reversed or price is in the correction phase. So, we should wait for the price reaction to the next resistance level around 1865: If price breaks this resistance...
We have seen a significant drop on XAUUSD in the past few weeks, and as I expected in my previous analysis, price hit the targets. We can see the bearish structure and the sharp downtrend in higher time frames. Price could break the support level at 1850 and closed bearish candles below that level. Currently, it seems like price is doing some retrace and maybe...
As you see in the 4H time frame, we are in a downtrend and price is moving inside a triangle pattern . We can see that price is rejected from the triangle upper side and failed to break the last major high. Currently, Price has broken the little ascending trend line and has been fixed below the trend line. It has pulled back strongly to the broken trend line...
XAUUSD is facing a strong downside pressure these days and as you see in the daily time frame, price has made a lower high. Currently, price is approaching to the yellow support zone around 1890-1888 which has pushed it to the upside in the past. But, since we are facing a bearish pressure and we have a downside structure, there is a high probability of the...
I found that Gold has been in Overbought position, as indicated by the RSI indicator. Here Gold will experience a daily/weekly price correction, with a profit target of $1800 (Demand Zone) and at the point of position (approximately) the Daily Moving Average line (WMA-200).
Almost the same as what will happen with WTI (USOIL) , Brent (UKOIL) will experience a weekly price correction marked by the Overbought RSI indicator, and with a profit target of $73 in the Demand Zone.
It can be concluded from the analysis that I present, that there will be a weekly price correction for WTI Crude Oil. The RSI indicator is showing Overbought, and the price will drop to $72.17 based on the points of the daily Moving Average (WMA) indicator. Hopefully my analysis can help or complement your analysis. Thank you.
Prices are on bearish momentum and abiding by a descending trendline. We see the potential for a dip from our sell entry at 34895.37 which is an area of Fibonacci confluences towards our Take Profit at 34172.18 in line with 78.6% Fibonacci Projection . Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on...
Confirm Break of structure found 33543.3 in D1 timeframe, after a little pull back at 35090 there is strong Supply Zone and Point of interest , Assuredly we can saw a Bearish movement in a form of Evening Star appeared.
Hey traders, At the beginning of January, we spotted together a great short-term investment opportunity on Natural Gas. Buying major weekly structure support we were expecting a strong bullish wave to a current high. Our confirmation was a double bottom formation on a daily time frame. We bought the retest of its neckline. Finally, the goal is...
This graph is a representation of my point of you of the futures market. (USD)
15 / 30 / 60 degrees relationship of Jupiter / Saturn cycle on SILVER Weekly chart. Seems that it is bullish untill reaching a top around mid Jun 2023...