The bears have already shown their potential regarding Barrick Gold and should continue to do so. We expect them to drag Barrick further down below the support line at $13.01, where wave (2) in yellow and thus the overarching downward movement should end. There remains a 35% chance, though, that the bulls could intervene and challenge the bears’ claim. This...
Time Frame: 4H Symbol: JPYUSD Entry: 0.007544 TP: 0.007234 SL: 0.007776 Bias: Short For this instrument our bias is short and we are using the short term momentum and volatility as triggers. If the current market situation persists ,it will create a short term sell opportunity.
Time Frame: 4H Symbol: GBPUSD Entry: 1.25066 TP: 1.21885 SL: 1.27297 Bias: Short This instrument is showing a short bias and we have detected a medium probability short opportunity. Due to low volatility and poor price movement, the signal is not strong but our bias is short after a technical review and we plan to go short because of that.
Time Frame: 4H Symbol: EURUSD Entry: 1.06736 TP: 1.04276 SL: 1.08358 Bias: Short For this instrument our bias is short and we think there will be a short term momentum drive which may end up in a short trade.
Time Frame: 4H Symbol: XAUUSD Bias: Neutral For this instrument our bias is neutral as we do not see any high probability set up or directional bias. Technical study of various indicators and calendar analyses show that we still have to wait for a better trading opportunity.
Time Frame: 4H Symbol: USDCHF Bias: Neutral This pair is still in a neutral position . There is no explicit directional bias and we do not see any opportunity for momentum trades too. So we stay neutral.
BNB broke down the support trendline of the rising wedge and might retest the golden fibonacci ratio and get rejected.
Hello traders, here is my analysis for BTCUSD. *Unfortunately it just so happened that as I was creating this post BTC started to dump.* I was hoping that BTC would hold around $31K into tomorrow to put price in a good position to rally, but once again BTC has been rejected from the above $31K region. So what does this mean for BTC?? - I know everyone is sick of...
If the chart technical pattern is correct, we could see turbulence in the market again in the near future. It cannot be ruled out given the international situation. The question is what should also happen that the market hasn't priced in yet. What are your thoughts ?
Time Frame: 4H Symbol: JPYUSD Bias: Neutral This instrument does not show any strong bias. There is no chance of entering into a trade which may move significantly in any direction. So we stay neutral and wait for a better signal.
Time Frame: 4H Symbol: GBPUSD Bias: Neutral The pond and greenback is not in a perfect bond now. They are not in any fierce opposition. One is respecting other and keeping themselves aloof in quietness. There is no strong surge to overrule any directional bias and therefore we do not see any signals now.
Time Frame: 4H Symbol: EURUSD Bias: Neutral If there is no directional bias in the market. In fact, no bias exists. So is the case with this pair. We do not see any strong bias in either side.
Time Frame: 4H Symbol: XAUUSD Bias: Neutral Currently the price movement of gold is not displaying any strength in any side. There is no high probability set up. The whole market is in a kind of stagnant situation. We do not see any bias.
Time Frame: 4H Symbol: USDCHF Bias: Neutral The current price pattern of this instrument does not denote any directional bias . The opposite forces of of the price action are not allowing any bias to over rule each other. The best decision is to wait for a better opportunity.
TVC:DXY could be poised to extend its recent declines if sellers can breach support at the 55-EMA and the February uptrend A weaker USD may provide the tailwind necessary for stocks to sustain their recent recovery
Li-ion battery manufacturer and developer NASDAQ:ENVX looks poised to continue pressing higher in the months ahead after pushing back above the 55-day EMA and the $10 handle RSI pressing to its highest levels this year suggest that a rather bullish move higher could be at hand. The last time RSI soared like this was during the stock's rise to record highs...
Nifty bullish move . NIFTY Retested to its weekly low last week making double top and now it Retested its upper zone so there a very good Bullish move this week