DRQ shows notable Bullish Divergences on both the Monthly and Quarterly Timeframes at a 0.886 Fibonacci Retrace and is currently trading within a Falling Wedge. If the Bullish Divergence and Falling Wedge play out, I would expect to see DRQ make its way up to around $60 as a first target and around $94 as a full profit target.
XAUUSD LONG TO 2057.105 reverse head and shoulders building up, now on the final shoulder. entry: 2031.870 stop loss: 2023.510 (above the last shoulder) take profit:2057.105 potentially to 2065.305 if it breaks the consolidation area.
Currently, the PEPPERSTONE:COCOA (cacao) market has undergone a notable upside rally over recent days, culminating in a significant move towards the $6000 level. Today, we observed a precise hit of this key psychological level, followed by a clean rejection, prompting a short position. The primary objective now is to remain below this crucial $6000 level,...
• Gold price oscillates in a narrow trading range around $2,035 on the softer USD. • Four Fed officials emphasized that they don’t see an urgent case to cut rates and more evidence of inflation data is needed. • The ongoing Middle East geopolitical tension might boost traditional safe-haven assets like gold. • The January Chinese Consumer Price Index (CPI) and...
Guys my last call is successful with 1200 points out of 1700 points cants able to acheive full target due to market turns I mean divergence its a market benaviour gives you more surprises time to time, we have to be alert always like a Eagle Eye. Entry price ,stoploss, Target already marked in the chart itself FYI. Guys pls like, share and follow my ideas...
Hey Everyone, And off to a piptastic start with our chart idea playing out, as analysed. Yesterday we stated that we have resistance at 2036 for a immediate bullish target and 2030, as our bearish level target. Both these levels were hit and complete today bouncing between the levels until one broke. We are now seeing price at the retracement level giving...
📉 Breaking News: BRN Crude Oil Faces Bearish Pressure Amidst Global Uncertainty Interest Rate Concerns: Federal Reserve Governor Christopher Waller’s recent comments hinting at delayed interest rate cuts have raised concerns about sluggish economic growth. As a result, oil demand is expected to be curbed, impacting BRN crude prices Pipeline Shortage in Canada:...
Note: Low and High figures are for the trading day. Crude oil is one of the most in-demand commodities, with the two most popularly traded grades of oil being Brent Crude and West Texas Intermediate (WTI). Crude oil prices reflect the market’s volatile and liquid nature, as well as oil being a benchmark for global economic activity. The oil price charts offer live...
The U.S. Bureau of Economic Analysis (BEA) will release the revised gross domestic product (GDP) value for the fourth quarter of 2023 on Wednesday, and the market is not expected to revise the initially announced annualized growth rate of 3.3%. The January Personal Consumption Expenditures (PCE) price index will be released on Thursday. The core PCE price index...
We are still bearish on Gold, but still looking to short from $2,100+ due to all the pending liquidity sitting above. If Gold closes below the current Wave W low, we can look for short re-entries from that price point. But as of now I am more confidence in this analysis. Will look for new, short-term buy positions if market structure offers an opportunity to do...
Hey Traders, in today's trading session we are monitoring USOIL for a buying opportunity around 76.30 zone, USOIL was trading in a downtrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 76.30 support and resistance zone. Trade safe, Joe.
Oil has been in a volatile range recently. The large range is 74-79.5 and the small range is 75.5-78.5. The lowest reached around 76.3 yesterday and the highest today reached around 78.4. Recently, due to geopolitical reasons, oil has been trending stronger, but it has not broken through the strong resistance point of 79.5 during the OPEC meeting. Therefore, I...
Hey Traders, in today's trading session we are monitoring XAGUSD for a selling opportunity around 23 zone, XAGUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 23 support and resistance area. Trade safe, Joe.
Hey Traders, Check out this technical analysis on XAUUSD; it appears to be undergoing a small pullback, potentially indicating a bullish momentum continuation. However, I would recommend waiting for a breakout above the flag pattern before considering a buy-trade entry. Alternatively, there may be an opportunity for a sell trade if the market breaches the...
In D1, price is currently making a retracement after making swing high. In the lower time frame, price is currently making sideways especially in H1 time frame. Currently price is coming back at the support area in H1 make it as a third time of retest support before. If the price break H1 trend line upward. Price may move up and the support before. There is...
In this live trading session video,we look at current live open positions on BRENT, GBPUSD, EUR and potential trades coming on Bitcoin,Etherum,US30, etc and the thinking behind them. We also look at how we are doing on our live 100k traders challenge account.
XAUUSD price is near the 2937-2043 resistance zone if the price cannot break through. It is expected that there is a chance that the price will go down.
Hi there! I'm a buyer on the DOW JONES: -RMID (Range Manipulation Initiation Distribution) -We have liquidity uptake. -We're in an interesting zone. -We have the optimal Fibonacci. -We have accumulation before/on the zone. -We're in the trend. Let's not forget that we also have good profit results from companies, and we have Nvidia's report coming up, which...