If 5 waves are in off the march 2020 lows during the covid crash then we topped around $130. We should now correct the entire move in the ABC which looks like a Flat because wave A was very shallow. This means that as long as wave B is in already then Wave C should be 5 waves down and test the golden fib ratio around $58. As the ABC reveals itself I would expect...
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In their respective speeches, the leaders from the European Central Bank and Reserve Bank of Australia (RBA) both agreed for raising interest rates to limit inflation within 2-3%, while hinting at returning to more rounds. EUR/USD managed to close at 1.0509, currently on the rebound to 1.0530. In his speech,...
Thanks for tunning in TradingView community. Today we're looking at USOUSD oil and wondering if yesterday's price rejection could lead to a new leg higher from buyers.
So far this week, we have seen mixed trade with buyers coming close to breaking last week's high before sellers took hold and set up a two-day retracement. It would have been three, but buyers had...
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The Federal Reserve has increased interest rates by 75 basis points, the highest since November 1994. As a result, both Treasury yields and the greenback have retreated, with the United States 10-Year Bond Yield closing at 3.395%, and followed by a low of 3.29%. Meanwhile, US retail sales underperformed with a...
Yesterday´s massive sell-off of natural gas sparked many discussions about what is going to happen next. Well, we expect the price to drop further and reach the turquiose zone between $6.482 - $5.858. Here, we believe that the correction will end and turn into a big upward trend. However, if the course drops below this zone, further sell-offs will be triggered.
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As anxiety dominates financial markets ahead of the US Federal Reserve's decision, the US dollar maintained its strength on Tuesday and Wednesday's opening hours.
Market participants had long anticipated a 50 bps increase, but on Monday, market chatter suggested the central bank may opt for a 75 bps increase. In...
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Since inflation does not seem to have peaked just yet, investors expect a mega rate hike of 75 basis points from the Federal Reserve on Thursday, which could bring the US economy to a recession. As a result, major US indices like S&P 500, Dow Jones and Nasdaq 100 have all declined. Meanwhile, the U.S....
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Major currencies retreated over the weekend, alternating between sharp falls and trading flat. EUR/USD slowed at 1.0520, closed at 1.0515 and currently trading at 1.0482. Tomorrow (14 June), the Germany Harmonized Index of Consumer Prices will provide insight into European inflation.
The British Pound...
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The European Central Bank (ECB) finally relents, and prepares to increase the key interest rate by 25 basis points in July, while other interest rate categories remain unchanged. In its statement, the ECB claims “conditions have been satisfied” for a rate hike and net asset purchases will cease as means...
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Yesterday (8 June), Eurozone GDP recorded a modest increase in both yearly (5.4%) and quarterly terms (0.3%), beating market expectations. The good news has made the European Central Bank more likely to raise interest rates tomorrow (10 June), which sits at 0%. EUR/USD retreated from 1.0750,...
Hello, TradingView community. We hope you’re all having a solid session so far. Silver's daily chart has caught our attention today as price formed a solid move lower yesterday, and sellers have broken the low in today’s session. This could be a confirmation that the recovery trend has started to fail.
On top of the price pattern, the MA is pointing lower, and...
Good morning/good afternoon TradingView community.
Today's video idea is focused on oil as we saw a solid reversal yesterday sellers did their best to get a new leg lower going. Buyers not only stopped the run but put in a solid reversal bar that finished above the 50% point of the previous lower bar.
This action has us thinking, could this be the start of a...
✅CORN has hit a key structure level
Which implies a high likelihood of a move down
As some market participants will be taking profit from their long positions
While others will find this price level to be good for selling
So as usual we will have a chance to ride the wave of a bearish correction
SHORT🔥
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As it can be noticed from the higher timeframe perspective, the price has formed and inverse Head&Shoulders pattern on a zone of massive support. From here, we are expecting for the price to keep pushing to the upside and reach the area of $1918 previous support later turned resistance.
Happy trading, everyone!
Crude following along pretty well, from my many updates entering the next leg down to complete the Y wave of this complex double correction. should land around $85 in June. Invalidate the next leg down by breaking out over $115 then that means W3 likely starting towards $170 sooner vs later.
Let's take a look at the chart of GOLD on different timeframes and make a detailed chart analysis of it!
As it can be noticed from the WEEKLY timeframe perspective, the price has nicely rejected the zone of previous resistance later turned support that lines up with the ascending trend-line illustrated on the chart. This means that the price has successfully...
At the moment, the price is sitting on a crucial zone of support and we can identify some sort of bullish price action. Although our bias for GOLD is bearish, we believe that some correctional moves should happen before the price charges up for further bearish moves. Thus, we are monitoring the price action and looking forward to opening BUY positions and aiming...
