FX:EURUSD is forming a bearish trend amid a fundamentally strong dollar index, which is in a bullish rally phase, which is generally negative for the euro. Price broke a strong support line earlier on the global timeframe. Consolidation is formed below the line, which in general determines for us a medium-term perspective, the target of which may be 1.052,...
The pound weakened across the board on Friday after unexpectedly tepid retail sales numbers showed signs of stagnation in the UK economy. Retail sales remained unchanged between February and March, following a revised 0.1% increase in the previous month, falling short of economists' more optimistic forecast of a 0.3% expansion. Let’s delve into two GBP currency...
The recent tumultuous journey of this AI-chip giant has left both seasoned investors and keen traders on edge, prompting a closer examination of its trajectory and potential future movements. The Magnificent 7 Retreat: A Sector Under Scrutiny NVIDIA's recent 10% plunge, amidst broader market jitters, signals a sobering reality for the so-called 'Magnificent 7' of...
and Undervaluation Despite Strong Fundamentals! 1. Potential Price Dip Below $500.00: Despite strong fundamentals, there's a possibility for Nvidia's stock price to fall below $500.00. This suggests a cautious outlook, indicating that market conditions could lead to downward pressure on the stock. 2. Anticipated Correction: There's a looming expectation of a...
Silver hitting HARD opposition at 28$. Silver Important Breakout Line is Also Resistance... not a good look if the upper wick continues to grow on monthly candle
The Solana cryptocurrency has recently experienced a significant breakthrough by surpassing the $150 resistance level, paving the way for a possible continuation of its upward trend. This is a critical milestone, as the $150 resistance level is considered a significant barrier between the bullish and bearish markets. However, despite this breakthrough, there has...
📈https://www.tradingview.com/chart/oCgvA4B9/ 🔠🅰️🔠🔠🔠🔠 Price is testing local lows and forming an entry into the risk zone. Possible shakeout before the subsequent fall. Last week a major player was collecting liquidity at the expense of buyers, this can be seen in the long tails of daily candles, volumes and trading relative to the 2400 zone. At the moment we...
My dear subscribers, This is my opinion on the CADJPY next move: The instrument tests an important psychological level 112.77 Bias - Bearish Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 112.16 About Used Indicators: On the subsequent day,...
🧠From a structural point of view, a classic cup-and-handle structure is formed here. We will continue to rise according to this structure. For phased resistance, we need to pay attention to the neckline at the monthly level. ➡️From the perspective of wave theory, breaking through the turning point (wave 4) means the end of the main downward wave, and the...
My dear friends, Please, find my technical outlook for EURCAD below: The instrument tests an important psychological level 1.4643 Bias - Bullish Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 1.4696 About Used Indicators: Super-trend indicator...
If there was a chance for #Spx to make a stand versus #Gold, it would be right now! If it doesn't, then gold would be looking to lock in a higher high & possibly locking a cycle low.
Bitcoin BTC Rainbow Chart The colorful channel is the resistance line for the rise of Bitcoin and the support line for the fall. Blue and purple are the bottom, fluorescent blue-green is the relay, green and yellow are the middle track, and orange and red are the top.
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Hello,Friends! GOLD is making a bearish pullback on the 2H TF and is nearing the support line below while we are generally bullish biased on the pair due to our previous 1W candle analysis, thus making a trend-following long a good option for us with the target being the 2394.469 level. ✅LIKE AND COMMENT MY IDEAS✅
Hello,Friends! EUR/AUD is trending up which is obvious from the green colour of the previous weekly candle. However, the price has locally plunged into the oversold territory. Which can be told from its proximity to the BB lower band. Which presents a great trend following opportunity for a long trade from the support line below towards the supply level of...
Hello,Friends! NQ1! pair is in the downtrend because previous week’s candle is red, while the price is obviously falling on the 9H timeframe. And after the retest of the support line below I believe we will see a move up towards the target above at 17886.00 because the pair oversold due to its proximity to the lower BB band and a bullish correction is likely....
Hello,Friends! EUR/JPY pair is trading in a local uptrend which we know by looking at the previous 1W candle which is green. On the 6H timeframe the pair is going up too. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is...
Hello,Friends! We are targeting the 1.465 level area with our short trade on EUR/CAD which is based on the fact that the pair is overbought on the BB band scale and is also approaching a resistance line above thus going us a good entry option. ✅LIKE AND COMMENT MY IDEAS✅