Is it time to sell all your EUR and convert it into USD? My chart says that this is a good idea because I expect a 20% crash on this pair. In this analysis, I will tell you why, and I will also analyze the DXY Index on the monthly scale. If you are an intraday / swing trader on forex, you have to know what the major trend is. Are we in an uptrend or a downtrend?...
In NY session, The setup I am looking for, was not formed. Lets see what happens in PM Session! I dont expected the price hit the Monday High! Anyway, some must happen in PM session! As i mentioned before, I am looking for Short Position! Wish Low-Loss Trade!
The uncertainty surrounding regulations and the management measures of cryptocurrencies also contribute to Bitcoin's price volatility. On the 4-hour chart, Bitcoin's price is trading within the range between two resistance and support zones. Currently, BTCUSDT prices are above the EMA 34 and EMA 89 lines, indicating a short-term uptrend is forming. The RSI is...
Hello everyone, what do you think about BTCUSDT today? Looking at the 4-hour chart, we can see that BTCUSDT is back on its bullish track after successfully retesting the EMA 89. At the time of writing, the price has reached 66,500 USD with clear signs of recovery. Given these positive signals, I highly recommend considering a buy strategy today.
The USD/CAD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Channel pattern. This suggests a shift in momentum towards the downside in the coming Hours. Key Points: Sell Entry: Consider entering a short position around the current price of 1.3813, positioned close to the breakout level....
Gold prices today continue to decline sharply, dropping by $30.3 to $2,364.4 per ounce in the early hours of the final trading day of the week. The plunge in gold prices to the lowest level in over two weeks is driven by profit-taking pressure following the recent rise in this precious metal. Meanwhile, the market is still awaiting new data to seek fresh...
BTC / USDT The last 4 months in crypto was very boring and very tough for altcoins market “classic crypto summer” What can expect next ? 1- Bounce from 61-63k areas to resistance zone of descending channel (already touched 63k) 2- Another massive sell off to early 50k In the first scenario …BTC is still copying the gold pattern before major breakout …Check...
Hey Everyone, A great finish to the week with all our chart ideas playing out perfectly, as per our daily updates throughout the week. Yesterday we advised that we got the test into 2380 weighted Goldturn support, after the rejection from the top. We also got the cross and lock below 2380 opening 2359, which was also hit perfectly. We then stated that we needed...
Upon reviewing the #gold chart on the 2-hour time frame, we see that after hitting both targets at $2420 and $2429 and reaching as high as $2432, gold faced selling pressure and couldn’t register further gains, resulting in a total return of around 320 pips. Now that gold has declined to lower levels, it has become more attractive for buying and has created...
Yesterday, XAU/USD continued its descent and dropped to the 2350-2355 support zone without retesting the 2390 broken support, indicating selling pressure. At this moment, the market is correcting to the upside, which should offer bears better entry prices. The best zone to sell remains 2390-2400; however, if this zone is not tested, traders should look for lower...
Hello traders, I want share with you my opinion about Bitcoin. By observing the chart, we can see that the price reached the support area, which coincided with the current support level, and then turned around and dropped to the 56700 support level. Later, BTC broke this level and even fell lower than the buyer zone, but soon turned around and started to grow...
Here's the current dominance chart. Notice the breakdown? This move appears to be more of a retest and it's nearly complete. That's why I'm accumulating some altcoins during dips. Futures trades are risky right now, so I'm holding off on sharing much in that regard. We need to wait for a strong rejection, which seems likely to happen soon. Patience is key,...
Silver may fall further while below 28.7 Silver broke down from a strong support zone located near 28.70. Now this area turned into resistance. Chances are silver may test this zone again before moving lower. The targets I am looking for for silver are near 27.50 and 26.30 where the price may face some solid support and we may see the price react...
US500 - Structure Analysis - Time For Correction US500 reached all time high at 5670. Later we can see that the price began creating some small structure zones. Considering that we are in the ER month many companies are reporting their Earnings and it looks like many sectors are struggling considering that indices are all moving down. However it could be only...
The EURUSD pair continues to consolidate after a day of losses, currently trading around 1.085 with a slight recovery, though it hasn't achieved a significant breakthrough. However, looking at the overall picture, this currency pair remains under the control of the bears, with resistance at 1.088 posing a formidable barrier. As long as this resistance holds, the...
FX:XAUUSD is testing local channel support and forming a rebound from the liquidity zone. Traders are waiting for PCE data. Favorable inflation data may provide strong support for gold. Traders are waiting for the PCE, any hints of lower inflation may be viewed quite positively, which will generally increase the chance of interest rate cut in September. As we...
Key Levels: Support: 145 CL Resistance: 165 to 170 CL Technicals: Bhansali Engineering Polymers Ltd has a market cap of ₹ 3,768 Cr and a current price of ₹ 151, nearing its 52-week high of ₹ 164 and well above its low of ₹ 81.6. The stock trades at a P/E ratio of 20.6, slightly above the industry P/E of 19.9, indicating a relatively fair valuation. It...
Today, BTCUSD is showing a promising recovery, with the price hovering around $67,000. We plan to continue buying as the trendline is being established. Our priority is to buy during short-term pullbacks, aiming for the final target at the trendline boundary marked on today's analysis chart.