Hello friends, let's go to the first weekly outlook of 2024 for gold. In the last week, gold moved according to our view and managed to get the prices we wanted. My weekly view on gold is that due to the breaking of bullish structures, gold can continue its downward trend. In a more general view, you can see that the price behavior in the form of an ascending...
Hi Traders! EURUSD looks to be continuing to the downside, and there is potential for a support price break. Here are the details: The market continues to swing lower with lower highs and lower lows; the price has also broken below the 20 EMA recently. We are looking for the market to remain below the 20 EMA to continue downwards towards the support area....
My analysis of AUDCAD shows that sellers are in control * AUDCAD is bearish
BANKNIFTY Index Key highlights: 💡⚡ ✅On 15 Min Time Frame Stock Showing Breakdown of Symmetrical Triangle Pattern . ✅ Strong bearish Candlestick Form on this timeframe. ✅It can give movement up to the Breakdown target of 47000-. ✅Can Go short in this stock by placing a stop loss above 48200+.
Today will be gap up opening in BANKNIFTY . After opening if banknifty sustain above 48050 level then possible upside rally of 400-500 points upto 48450 & this rally can extend another 400 points if market gives breakout 48550 level.Any Major downside only expected in case banknifty starts trading below 47950 level.Also Possible Reversal Downside 48450 level.
BITCOIN price made a bullish breakout of the resistance/support area, after a correction if price continues to hold above support I expect the price to move higher towards the next resistance.. I posted this 1hr timeframe short term analysis before Daily time-frame analysis Trade Wisely *The content on this analysis is subject to change at any time...
BTCUSD The price is firmly holding above the ascending trendline, and price is also above the support area, as long as price stays above the ascending trendline, price will be bullish. Trade Wisely *The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent...
Show some week signs: 1- Monthly resistance at 20.36 which was near a target in previous trade. 2- wait to see in 20 - 20.36 if bearish candle appear. price will back to these targets TP1: 18.98 TP2: 200 moving average if 200ma not hold will not surprise if price to back to 17 or 15
In line with our expectations, the TMUS share has since risen further and in the process also reached our dark green Target Zone (coordinates: $161.69 - $168.80). Basically, we now expect a bearish trend reversal in that price range after the top of wave (B) in dark green. This top could already be imminent, but we have to concede that the price can rise even...
Aucad technical breakdown showing price forming higher time frame pattern and lower time frame break of structure.
The dollar edger higher on Friday but is set to end 2023 with its first yearly loss since 2020 against the euro and a basket of currencies, on expectations the U.S. Federal Reserve will begin cutting rates next year as inflation moderates. Questions for 2024 will be when the Fed begins cuts, and whether the first rate reduction is made to avoid over-tightening as...
Palladium is heading a little further downwards: the price is now drilling deeper and deeper into our turquoise Target Zone (coordinates: $1092 - $997). We expect that the low of wave B in turquoise will be deposited within this price range and that the trend reversal to the north will then succeed, which should subsequently bring us the price increases in wave C...
Xiaomi stock has retreated somewhat in recent days. Nonetheless, we are sticking to our primary assumption that the price is likely to surpass the highs from November once again as part of the magenta wave (B) in order to form the high a good deal further north. Accordingly, we expect a return to this short-term bullish path in the near future. It is important to...
Seasons greetings to all! Warmest wishes for you and your family during the holiday season. In my last idea we saw that COINBASE:BTCUSD was able to break the double bottom neckline at 43,5K but was unable to create any significant momentum to continue the rally towards 45K. Since the holiday season has started, a period with lower volatility, i am not...
Hi Traders! AUDUSD has tested the 6-month high but has failed, and there is a potentially big pullback that is about to occur. Here are the details: After the range zone breaks to the upside, The market was in an aggressive bull rally to tray and test the 6-month high but has exhausted due to a strong bearish presence at the 6-month high. The next signal to...
With the first trade working out on the USDJPY with the move from resistance of the top of the channel to the bottom with bearish RSI divergence its now setting up for another move to the downside with a break of the upward channel. For the second trade I am now looking for a retest of the break, there is some very good support with two trendlines converging...
Due to Bitcoin's impulsive rise in the past few hours, we now believe that the low of wave (iv) in turquoise has already been established. The next step should be a sustained move above the resistance at $46 008. Nevertheless, our Target Zone between $40 323 and $33 374 remains on the chart. Bitcoin will still work through this Zone if it opts for our new...