Hello Everyone,
Currently, EUR/JPY appears to present a favorable buying opportunity, with the daily support levels demonstrating resilience. Sustained price movement above the daily pivot point suggests the likelihood of immediate upward momentum. Conversely, failure to maintain this level may lead to a retest of support levels.
TradeWithTheTrend3344
Hello Everyone,
AUD/JPY remains a favorable long-term investment on the 1-year to 1-day timeframes, supported robustly. Following the recent downward movement, it's crucial for the price to consolidate above the weekly and daily pivot points (PP) and sustain this position comfortably. Failure to do so may prompt additional tests of support before the upward trend...
Hello Everyone,
Despite appearances, USD/CAD appears to be headed downwards. The daily pivot point has served as resistance, with the price adhering to the resistance zones of both the weekly and daily charts. The next crucial step would be for a cross to occur and for the price to firmly establish itself below the weekly pivot point.
TradeWithTheTrend3344
Bentley Systems ( NASDAQ:BSY ), a leading provider of engineering software, is currently exploring various options in response to acquisition interest from potential buyers. Sources familiar with the matter have revealed that the company, which currently boasts a market value of approximately $15 billion, has received attention from a number of firms including...
Hey Everyone,
Another great day on the chart today buying multiple dips inline with our chart idea.
Yesterday after hitting our bullish target at 2389, we got the rejection, as no ema5 lock above this level.
The rejection maintained support above 2349 Goldturn, allowing us to buy dips back to 2389 target. We will continue to see this level tested until broken...
Hello Everyone,
The NZD/USD pair has been testing yearly support levels extensively and appears to be on an upward trajectory now. The next crucial step is for the 1-day pivot point (PP) to serve as a support, confirming potential further gains.
TradeWithTheTrend3344
In my post from yesterday, I mentioned my expectation for a new drop of 500 pips in $OANDA:XAUUSD.
However, despite the price dropping by around 400 pips during intraday trading, my sell order placed just above the 2400 zone was not filled, resulting in me missing out on this drop (my target was hit but not my pending sell)
Upon reviewing the chart, it's evident...
Hello Everyone,
The AUD/USD pair has thoroughly examined the yearly support level and, as of now, there remains the possibility of further testing before a potential upward movement begins. Currently, we've reached a juncture where a turnaround could occur, yet it's important to acknowledge the continued presence of bearish short-term potential that cannot be...
This week, Intuitive Surgical (NASDAQ: NASDAQ:ISRG ) is set to release its financial results, and its stock price is expected to be in the spotlight. The robotics industry giant's product, da Vinci, is utilized by numerous doctors for performing minimally invasive surgeries. Intuitive Surgical's performance has been noteworthy in recent years, with a surge in...
Hello Trading community and my friends so here i brought another very simple analysis on the basis of price action analysis and trend included some key levels too in it for mine favorite one and it is Apple!!
So as we can see on this provided daily time frame chart that after making mentioned previous all time high nearby 198 levels all the way price came down to...
Hello Everyone,
The USD/CHF pair appears to be gradually setting up for its bearish phase, which currently represents the long-term trend. Despite potential upward fluctuations due to being overbought, the trajectory is expected to be predominantly bearish in the long run.
TradeWithTheTrend3344
NASDAQ:COIN shorts trapped after false breakdown. Price broke down both below the daily 50 sma (purple) and March 2024 low and then recovered. A trader bought a 275/277.50 bull debit spread risking over $200K and targeting near ATHs ($283.48).
The cryptocurrency market has been experiencing an increase in Bitcoin price, with the digital asset nearing the $65,000 mark. Recent statements have eased geopolitical risks slightly, while concerns about new conflicts opening in the Middle East are diminishing. The spot Bitcoin ETF channel is also seeing a revival in trading volume, indicating increased...
Hello Everyone,
The GBP/USD pair has recently hit a new low for the past three months at 1.240545, with the monthly support showing resilience. Currently, the price is positioned above the 1-day Pivot Point, setting the stage for a promising bullish reversal and upward momentum continuation.
TradeWithTheTrend3344
NYSE:TOST sitting at the ~22.50 zone. This zone has acting as a zone of major support/resistance in the past. NYSE:TOST has been consolidating at this level for the past 3 days.
Nasdaq has entered an intriguing supply zone following its recent decline, where we've identified a convergence of signals hinting at a potential price rebound and value appreciation. These signals include a divergence on the Stochastic indicator coupled with the presence of the 78.6% Fibonacci level.
One potential scenario could involve a Local Double Bottom...
Hello Everyone,
The USD/JPY has surged to a fresh high at its current price. Currently, the price is positioned above the daily pivot point (1D PP) and support level, suggesting a possible continuation if consolidation occurs above the 1D PP. Conversely, should consolidation take place below the 1D PP, there's a chance that weekly support levels will come into...
The heiken-ashi uptrend failed in March 2024.
"Heiekn-ashi" means "Aveage bar" and it's a way to smooth out noise of candle sticks. The theory is these will be much more useful for trend following since they will produce less false reversal signals (and it's a good theory, HA bars are great for semi passive trend following).
The general idea is when the bars...
