Supercycle - a term which is gaining popularity these days, applies to commodities. Basically what happens is surge in demand, which current supply struggles to cover, causes prices to sky-rocket from being under-valued to highly over-valued.
In my opinion Bitcoin and its' four-year cycle is the best example. The main event of the cycle is halving (halving the...
FOREXCOM:XAUUSD reaches our target, but after a false breakdown of support 2016, the market quickly buys back all the fall. Now the price is heading towards a strong resistance
The most interesting thing is that three times in a row the US market received fundamentally bullish news. The TVC:DXY has been in the same place for 10 days now and cannot pass...
Gold finally broke his bull flag and can goes higher on geopolitical movement.
2015-2016 area is good support in gold chart.
Double bottom firm in lower time frame that can push price higher.
Trade safe.
Good luck.
Preferred direction: SELL
Comment: Recent events in the Middle East have made markets nervous. In turn, this has traditionally generated demand for metals. However, so far the situation is not particularly serious, since Yemen is a constant point of hostilities. There are unlikely to be any strong purchases in metals until the end of today's trading day. But...
Preferred direction: BUY
Comment: We continue to consider this currency pair in the format of a strengthening U S dollar. The pressure to the level of 0.85696 also indicates the likelihood of a breakout upward, which we are already waiting for throughout the current week. Most likely, we will see this in the US PPI data.
Two scenarios are considered for...
Preferred direction: SELL
Comment: For Gold , we also consider two scenarios simultaneously. Since, against the backdrop of the publication of inflation data, it is quite logical to expect increased volatility, and false movements are not excluded. Our main direction is to sell and consider a fall to the 2000 level, with the potential for further...
Preferred direction: SELL
Comment: As expected, due to the high correlation between the British pound and the Euro , the situation for these currency pairs before US inflation is absolutely the same. For this pair, scenario №1 is considered worked out. But scenario №2 does not lose its relevance.
Therefore, scenario №2 is very relevant before the...
Preferred direction: SELL
Comment: Ahead of the inflation data , the situation for the Euro did not change. The current sluggish recovery is due to a surge in market sales that were missed by limit buyers. This does not mean that we will now grow rapidly. Most likely, a major player has not allowed the price to move, as the impulse is delayed until the US...
Preferred direction: BUY
Comment: As we know today, the first NFP this year. However, we also expect data on the US labor market from Canada. If for other instruments we expect a short-term fall in the American currency based on the technical picture, then in the case of this currency pair, not everything is so clear. The main reason, of course, is the same...
Here you are, please read the summary about Oil price below~
📈 Oil prices surged in early trade on Thursday, extending the previous day’s sharp gains on concerns about Middle Eastern supply following disruptions at a field in Libya and heightened tension around the Israel-Gaza war.
🛢️ Brent crude rose 33 cents, or 0.42%, to $78.58 a barrel by 0101 GMT, while...
USOIL is trading in symmetrical triangle pattern. The price was reacting well the support and resistance of triangle.
Currently the price is trading at the apex of the triangle and is about to give the breakout of triangle and now retesting the broken level where it is also forming a local support zone and seems like the price may go for another leg higher.
If the...
Reason:
Liquidity grab
Break of structure
Imbalances
» Retail sentiment is 86% Long. As we know Retail usually lose money so we want to do the opposite of what retail does.
WTI Oil (USOIL) has hit today the 1D MA50 (blue trend-line) for the first time since October 24 2023. Today's analysis is on the 1W time-frame but we have explained the reasoning behind a long-term buy once the 1D MA50 would break, a month ago (December 19, see idea below):
That Buy Zone offers a low risk action ground for longs and as you can see on today's...
BITCOIN is currently heading toward the daily support area, As well as bitcoin dominance is also near its support zone.
There are high chances to bounce back from support zone due to ETF
The Crude oil is forming a potential double bottom on a 1H chart
Zoom out the chart to see the Bigger picture.
The price has been moving in a general down trend channel. Recently the price broke out of it to the up side and now it's retesting the former down trend resistance. On it, it's forming a potential double bottom.
Additional confluences:
- Oversold RSI...
