As we can see stock forms some kind of inverted H&D pattern and bullish crossover. the last time I've seen this stock traded at 113 was on 29th Oct. We can plan to enter at 116 or 114 for 3 to 5%. when it breaks its H&D formation it can go further easily 🤞. make sure Rsi STRENGHT and bullish candle formation on 15min chart when you enter. educational purpose only!
Walmart recently reached the low of the turquoise 4. Now the rise to the forecast top of the magenta wave (3) should ensue. With a probability of 39%, the green correction wave alt.(2) reaches a new low below the support at $57 in our alternative scenario.
Time Frame: 4H Symbol: GBPUSD Entry: 1.25264 TP: 1.23944 SL: 1.26311 Bias: Short The instrument is showing a short bias. However the value is by all accounts going up , the shortcoming of up move shows a bearish secret disparity . We can short the pair to use the opportunity from the short term volatility.
A possible breakout of a continuation flag in the 4hr timeline. If breakout occurs then price will move upwards to previous highest high, an area of interest/take profit.
The support at 17,372 points seems to be holding: Yesterday, the Nasdaq touched down on the red line once again, but immediately used it as a springboard for a further upward swing. This is good news for our primary scenario, as there is still a long way to go until the top of the magenta wave (i) is reached. If the Nasdaq continues to defend the 17,372-points...
The price of gold gained some positive momentum on Friday, reaching $2,350 during the early part of the European trading session after sustaining its upward trajectory for several days. The US Dollar (USD) was further weakened by the US GDP data released the previous day. However, the significance of any upward movement in price for the precious metal remains...
Time Frame: 4H Symbol: GBPUSD Entry: 1.25314 TP: 1.27014 SL: 1.23996 Bias: Long The dynamic support and obstruction of the instrument is showing a potential cost drive towards the projected region. We are more intrigued by the spots that we have drawn on graph and attempting to adjust our objectives as per projections.
EUR/USD slightly increased on Thursday and is expected to remain stable in the Asian trading session on Friday, around the level of 1.0730. Looking at the one-hour chart, we can see signs of slight decrease in price. However, this is only a short-term prospect. There is a possibility that the price will retrace to the 0.5-0.618 Fibonacci level before returning...
The price of gold is currently undergoing a phase of recovery consolidation after breaking free from its daily lows, trading at $2,330 compared to the low of $2,305. This stability is reinforced by the higher interest rates of the US Treasury and the resurgence of inflation, leading to speculation that the Fed may cut interest rates in the near future. Looking at...
The EUR/USD pair edged lower in the Asian trading session on Friday, moving away from its two-week high around the 1.0740 level touched the previous day. Currently, the spot price is hovering around 1.0740 in the European session and remains dependent on the price fluctuations of the US Dollar (USD) ahead of key data releases from the United States. Based on...
EUR/USD traded tightly above 1.0700 at the beginning of the European trading session on Friday. The US dollar struggled to gather strength ahead of crucial Personal Consumption Expenditures (PCE) Index data, the Federal Reserve's preferred measure of inflation, helping the currency pair maintain its stance. The 4-hour chart indicates that the upward trend remains...
After the release of the US GDP figures for the first quarter of 2024, the gold market experienced a strong price surge, surpassing the $2,330 threshold, paving the way for recovery. Currently, the price of gold is stable around $2,335, with short-term forecasts still optimistic towards buying pressure. Prospects are aimed at the psychological milestone of...
Gold prices edged modestly higher in North American trading on Thursday, rising over 0.5% after crucial economic data from the United States (US) was released. Gold is trading above the $2,330 level after rebounding from the daily low of $2,305 during Friday's Asian trading session. However, on the 4-hour chart, the downtrend is still supported, albeit showing...
GBP/USD regained bullish momentum on Thursday, climbing above 1.2500 for the first time in nearly two weeks after closing positively for the second consecutive day on Wednesday. Short-term technical prospects for this currency pair indicate an upward trend. Looking at the price chart, it is adjusting towards an uptrend. Prices are expected to test the SMA 50 and...
The GBP/USD slid below 1.2500, wiping out much of its daily gains, as the US Dollar staged a robust recovery following the release of the US Gross Domestic Product (GDP) report for Q1, which indicated a sharp increase in inflation. The preliminary GDP index surged by 3.1%, compared to the previous 1.7%. This has fueled expectations that the Federal Reserve will...
FET attempted to break out of our green Target Zone ($1.91 – $2.51), but bounced back from the upper edge of the range. Primarily, however, we continue to assume that the last sub-wave of the orange-colored wave iii should lead to a significant rise out of the Zone. Only a drop below the support level at $1.63 will alter our outlook. A break of this mark will...
GBP/USD has attracted attention with a strong recovery, surpassing the 1.2500 threshold during the European trading session. This currency pair capitalizes on expectations of improvement in the UK's economic outlook and the decline of the US Dollar. Looking at the chart, we can see that the price is supported by the upward trend but still constrained by the SMA...