OANDA:XAUUSD is forming another range of 2050 - 2038. Retest of resistance failed to renew the maximum, thus the market may begin to form a correction to support. The TVC:DXY has been strengthening since yesterday on the back of positive US GDP data. The expectation was 4.9, the actual data: 5.2, which is positive for the dollar. But the controversial...
OANDA:XAUUSD within a strong bullish trend is forming a consolidation in the 2018 - 2010 range. Lower volatility is forming and several candlestick indications are forming that price may test support before further distribution. On D1 we can see that the leading asset, in our case it is the TVC:DXY , is testing support, which may trigger a correction to...
Hi folks today I'm prepared for you Ethereum analytics. A few days ago price declined to support 2, which coincided with the support zone and some time traded close. After this, ETH rebounded from support 2 and made impulse up to support 1, broke it, and rose until to the resistance zone, which coincided with the resistance level. Then price rebounded back to...
OANDA:XAUUSD may be low-volatility on Thursday ( today ) and form a narrow range as it is Thanksgiving Day in the US and in Canada, which I would like to congratulate the people of these two countries!!! Moving on to gold : The market continues to test the 1984 area. False breakdowns, prolonged trading in this area indicates that buyers and sellers are...
An example of a consolidation model. Like the idea if you feel like adding consolidation model examples to this tutorial idea.
OANDA:XAUUSD has presented itself perfectly since the beginning of this week. The local correction ends in the area of 1970 and 0.618 fibo, which we expected. Next, the market recovery and a retest of the key resistance at 1993 is taking shape. After an excellent bullish maneuver and a retest of 1993 in the format of a false breakout, a correction is formed....
OANDA:XAUUSD continues to form trading inside the sideways range. On the background of the CAPITALCOM:DXY decrease, the price of gold also opens the session with correction downwards, most likely the target is support before further growth. Today at 19:00 GMT FOMC Meeting Minutes will be held, there is a chance that they may discuss the rate or...
BINANCE:BTCUSD has recently formed quite a few preconditions for further growth, the golden cross attracts the attention of many, but what else is happening with the flagship of the cryptocurrency market and what to expect next? There has been a wave of positive momentum in the digital asset markets due to speculation that the US Securities and Exchange...
Hi folks today I'm prepared for you Gold analytics. A short time ago price rebounded from the support zone and declined below, but soon Gold around and made a strong impulse up, thereby breaking the 1935 level and entering to consolidation. In consolidation, Gold rose to the resistance level, which coincided with the resistance zone, but at once rebounded below....
Since August 2023, NEO has had a strong run, as have many altcoins, growing ~141%. It is now trading above all EMA's and recently rebounded from the 20-day EMA as support. NEO was one of the first 'larger' altcoins to break out of the bearish to bullish phase a few weeks ago. Since then, it has attempted to break the resistance at ~$15 - $15.60, 3-5 times...
FX:GBPUSD has been declining since the opening of the session, the reason for this is the positive GDP data for the US market. As the flat continues, there is a high probability that the price will decline to the support at 1.2117 before we see growth On the senior timeframe we see an inverse correlation with the TVC:DXY . A false breakdown of the range...
GOLD is under bear market pressure. The sell-offs bring the price down to 1932 and form a consolidation. The market is building up for a further fall, and the correction may be quite protracted. Prerequisites for further fall: 1) there are no deep pullbacks after support retest 2) Consolidation is forming in the zone of local minimum. 3) Strong dollar negatively...
DON’T HAVE TIME TO MANAGE YOUR TRADES? - Take BTST trades at 3:25 pm every day - Try to exit by taking 4-7% profit of each trade - SL can also be maintained as closing below the low of the breakout candle Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days and...
OANDA:XAUUSD is forming a support retest and consolidation on Monday. In all likelihood the market is ready to continue its decline as the TVC:DXY is on the defensive and standing still for now. Yesterday we discussed with you the reasons why the market may still fall before rising further. Targets for the market have not yet been reached as the liquidity...
OANDA:XAUUSD is in correction phase and is testing the area of 1950, there is a possibility that the price could go even lower, but I am questioning the behavior of TVC:DXY , which is manipulating the market very actively. Gold is reacting to the behavior of the $ which is testing a previously broken level. Yesterday everyone was waiting for Powell's...
After a nice rally COINBASE:BTCUSD is currently consolidation around the 34k area. On the daily chart we can see a double top forming which could lead to a correction in the near future. In my opinion, a double-top + correction will be a good thing. If BTC can find support above the 32k support zone (previously an important resistance zone) the recent breakout...
OANDA:XAUUSD is forming a false break of the support of the range, in which the price has been trading for three weeks. NFP is no longer influencing the market and all traders are waiting for the Fed chief's speech. What to expect from the market? The TVC:DXY finally lost influence from the NFP, the strong news was short-lived as the growth was influenced...
OANDA:XAUUSD continues to correct, but at the moment there is nothing terrible, the price is directed to the support to retest the liquidity area. The continuation of the 1997 - 1964 consolidation on the gold market or the beginning of the correction may trigger the dollar, which most likely lost the influence of the NFP and is forming a pullback after the...