GBP/JPY is rising towards a pullback resistance and could potentially reverse off this level to drop lower. Sell entry is at 194.91 which is a pullback resistance. Stop loss is at 195.47 which is a level that sits above the 127.2% Fibonacci extension level and the pullback resistance. Take profit is at 194.14 which is a pullback support that lies above the...
After the United States released mixed economic data, the U.S. dollar fell slightly, giving gold some support and maintaining a stable situation. A report from the U.S. Department of Commerce on Thursday said that U.S. gross domestic product (GDP) grew at an annual rate of 1.6% from January to March, lower than the 2.4% expected by economists polled by Reuters....
From the chart, the USDJPY has formed a double top pattern, and there is a divergence, which indicates that the trend may be reversing
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I think the main trend is to the downside, with the price currently hitting a potential resistance level of 1.24635. Using the strength of three, GU surged to the upside during the London session, then fell, and was weak for the rest of the day. If the downtrend continues, the price has hit the h1 fiber retracement It also touched the m1 bearish point
Medium-Term Fundamental analysis: Middle East Crisis (Iran and Israel) They run away from every fight (battle, war .. :) , we know this means "Decreasing tensions in the Middle East" Technical analysis: Wave C = 123.6% of Wave A Bulls see it as a sell signal Conclusion: This market needs a correction
Hey, guys. As you can see on the chart, we are currently in a phase of complacency in the cryptocurrency market. We entered a bear market on March 21, 2024. According to fractal analysis, we should see at least $2,200 before a major rally.
Today's content all points are 2406 US crude oil contract points, because the US crude oil has changed the main contract to 2406 contract, yesterday's market as a whole is basically in accordance with our analysis of the forecast to go, that is, down, the market rose to 84.75 US dollars began to fall all the way to the current lowest point of 82.01 US dollars....
You can see this same action in the chart... Looks like we can see the future now. Maybe now's a good time to get in
Eur :- Interest rate cut expected difference JPY: - Possible intervention (yen rally) Technical and other Setting :S (RTF) Set time frame :4 hours Trigger :1 h Medium term: horizontal Long-term: Upward trend Minimum goal: local support Risk :0.36% Entry: Sell limit
Price is rising towards a resistance level which is an overlap resistance that aligns with the 88.6% Fibonacci retracement and could reverse from this level to our take profit. Entry: 0.98001 Why we like it: There is an overlap resistance level which aligns with the 88.6% Fibonacci retracement. Stop loss: 0.98458 Why we like it: There is a pullback resistance...
If after a retest in the support zone, maybe we should move up and make higher highs.
Statistically, USDJPY has been in a strong uptrend and has recently consolidated in a rectangular pattern. The price tries to stay above the rectangle and may challenge the monthly resistance level. Perhaps proper risk management should be carried out with stop loss orders
2370 more As long as the k line falls back, we are running more, as simple as that Gold does not fall back, there is no chance to dry more, the afternoon market to force, directly down 2370 line, we more The k line has always stabilized above the average line, always standing position, the average line runs steadily upward like a rock, the overnight gold...
Guys, I think early next week we'll keep going higher until we get to the first sell zone, and then maybe start going down again, or even go higher, get to the second sell zone, and then go down. We also have two extremes, one bullish and one bearish The bullish setup is that we break the red line and then we will go to the highest red box as a long-term goal. The...
I think the price recently broke out of the downside range. I expect to continue down, whether it's your retest or the price creates support and then breaks out, or you can use tapering techniques to find a trend pattern
If weakness in the trend is taken into account and a structure is established and the previous ceiling is broken, perhaps we can wait to buy today as EURUSD is showing signs of recovery after experiencing heavy losses in recent weeks. So far, there’s no compelling reason to be overly optimistic, but there are signs of a sharp pullback on the downside.
We were right right Friday's close will change situation drastically. So this has happened. Now BTC short-term bullish context and we consider 62-64K area for possible long entry