Hello,Friends!
Bearish trend on USD/CAD, defined by the red colour of the last week candle combined with the fact the pair is overbought based on the BB upper band proximity, makes me expect a bearish rebound from the resistance line above and a retest of the local target below at 1.365.
✅LIKE AND COMMENT MY IDEAS✅
there was the development of another geopolitical problem in the Middle East and it is related to the armed crisis between Iran and Israel, which in general can only affect the appreciation of the metal.
Resistance levels: 2365, 2375
Support levels: 2335, 2330, 2325
In general, we should consider a retest of the trend support or 2330 and look at the price...
The EURUSD pair has been consistently making lower highs, indicating a loss of bullish momentum.
This pattern suggests the potential for a breakdown below the current support, eyeing a move towards the major support zone.
Traders should watch these levels closely for signs of continued bearish movement.
BTC is currently lying below triangle boundary and is above 65k, its first goal is to touch triangle boundary. After successful breakout or breakdown can only decide confirmed movement that which direction it could go in near future.
Wait for successful breakout or breakdown.
RIPPLE (XRP Coin) has nearly become like stable coin since 2022, its peak was in 2018. Its value is equal as In mid July 2023 when BTC was trading around 25k, and now BTC is above 65k XRP is still at same price. Not a huge movement is expected in near future but 30 - 40% growth can be seen in few upcoming weeks.
Spot call only.
Traders,
In today's trading session, our sights are set on USDJPY, where we anticipate a potential buying opportunity around the 153.500 zone. USDJPY remains entrenched in an uptrend, presently undergoing a correction phase as it nears the pivotal support and resistance area at 153.500.
Diving deeper into our analysis, let's explore the fundamental landscape...
With EUR/USD reaching its lowest point since November, let's delve into the driving forces behind this downturn, identify critical levels to monitor, and analyse the lower timeframe price action.
Factors Driving the Decline
There are three key factors currently driving EUR/USD lower:
1. Sticky US Inflation: The US dollar is strengthening across the board...
Hypothetical gold trend and schematic for a four-hour timeframe, excluding last night's war discussion and fundamentals, and conditional on not closing above 2390. Updates and entry points will be provided later.
BTC in the recent past put in a head and shoulders pattern. The neckline drawn onto the chart
is above current price and rejecting it. Volatility has flipped decidedly. News is that Bitcoin
and crypto ETFs have had several consecutive days of outflows some perhaps when stop gold
spiked. Dollar value has a role in this as well as it dipped and then recovered. I...
Unpacking the Surge in ONDO's Value: Insights into the BlackRock and USDY Dynamics
🚀 Strategic Alliance with BlackRock
ONDO Finance's collaboration with BlackRock through the USD Institutional Digital Liquidity Fund to back its OUSG token is a landmark in the convergence of traditional finance and decentralized finance (DeFi). This partnership not only...
In the daily time frame, Bitcoin's price action is exhibiting consolidation within a defined range, marked by the formation of a triple top pattern. This pattern is typically recognized as a bearish reversal indicator, emerging after a sustained uptrend. The appearance of the triple top on Bitcoin's daily chart may signal a potential shift in market sentiment from...
Hi.
BINANCE:APTUSDT
Today, I want to analyze APT for you in a 2D time frame so that we can have a SHORT-term view of APT regarding the technical analysis. (Please ✌️respectfully✌️share if you have a different opinion from me or other analysts).
Aptos may be forming a cup and handle pattern
This is a bullish pattern, indicating the potential for an...
USDCAD looks quite overbought after a strong bullish rally that we saw last week.
The price stopped growing after it reached a key daily resistance.
We see a formation of a double top on that on an hourly time frame
with a confirmed neckline violation.
We may see a retracement from the underlined structure
at least to 1.3729
❤️Please, support my work with...
Currently, Bitcoin is exhibiting a pre-halving retracement, characterized by bearish signals and lateral market movements. A technical analysis of the weekly time frame reveals the formation of a Cup and Handle pattern in Bitcoin’s price chart. Traditionally, this pattern can precede further downward movements. Notably, there is robust support within the $60,000...
Hi.
BINANCE:BTCUSDT
Chart is Speaking It Self!!!
Simple analysis...
It appears to be moving within a Ascending triangle on the shorter time frame. Currently, it is attempting a breakout. A breakout retest of the triangle would indicate bullish momentum. However, if there is a rejection and a breakdown of the triangle, a bearish move is also expected.
Stay...
The price perfectly fulfills my last idea and it went down from resistance and hit the target level. FX:AUDJPY is in an downtrend and made new low after breaking range zone. The market formed double top then broke the upward channel by making impulse leg. I think the it will go down and test the support level because it broke range zone and channel, additionally...
The recent geopolitical tensions have impacted BITSTAMP:BTCUSD , further highlighting that it is not merely a safe haven but rather a risky asset.
However, this drop appears to be primarily an emotional reaction. The technical level that I've been discussing for quite some time, originating from the 62k zone, has held strong. Following this dip, the price has...
