Hi everybody. Nice to meet you again to discuss and strategize with you today! Overall, the movement of EURUSD completely meets my needs. After the head and shoulders formation, the price has broken out of the bullish and bearish channel up to now. It is currently in the process of recovering and consolidating above the 1.0600 level. With the possibility of wave...
EUR/USD has continued its descent, nearing the 1.0620 level, moving away from the year-to-date low of 1.0600 recorded at the start of Wednesday's Asian trading session. However, hawkish comments from Federal Reserve officials and the flow towards safe-haven assets could bolster the US Dollar and restrict any near-term gains for this currency pair. Nonetheless,...
📈EURNZD formed a double bottom pattern following a test of a crucial intraday support level. Breaking above the pattern's neckline is a significant bullish signal. Anticipated upward movement could reach the 1.8100 level.
By checking the gold chart in the 1-hour time frame, we can see that based on the previous analysis, the price reacted to the specified supply levels and is currently trading in the range of $2381! Note that the price has attractive ranges in front of it to fall towards them (to collect liquidity)! These levels are $2363, $2339 and $2320 respectively! The...
Hello dear traders! USD/JPY remained defensive below 155.00 early Wednesday, as the Japanese Yen received support from the risks of imminent Japanese intervention. A small decline in the US Dollar and US Treasury yields also weighed on the pair ahead of much Fedspeak. On the other hand, the US Dollar (USD) extended its recent upward trajectory and climbed to its...
Over the previous month I've spoken a lot about the risk of a failed breakout of the high. We're now very close to where I think we'd have the first big obvious tells that is happening. If there's a false breakout of the high, there'll be a rug pull. This is something I've said over and over again. Rug pulls usually come with bad news, so it's particularly...
Hello traders, GBP/JPY has been trying to break the hourly resistance at 192.75 but so far, it has not been able to do so. That being said, we are continuously noticing higher lows in the hourly time frame. So, the current price action on GBPJPY is messy. Although I have been scalp selling GJ every time it reaches 192.75, I feel less confident in selling. In...
Hello dear Bitcoin traders! Overall news: With just two days left until the Bitcoin Halving event, BTCUSD is still weak, fluctuating around the $64,000 mark without showing significant changes in trend as it is still in the recovery phase. correction, receiving support from $61,780. However, overcoming the resistance as mentioned on the chart remains the...
AUDUSD experienced a slight recovery today, reaching 0.642, yet the overall trend remains bearish according to the daily chart, as this pair has twice attempted and failed to breach the resistance level at 0.662. Sellers continue to dominate, evidenced by the breakdown of the uptrend line. On the upside, AUDUSD might see a minor correction to retest the breakout...
Hello dear traders. Come discuss and strategize with me today! Overall, EURUSD is trading on negative fundamentals below the 1.0726 resistance mark. Currently, it is consolidating around 1.0624, with immediate support seen above the 1.0615 mark. It can be seen that on almost every time frame, EURUSD has leveled off after the previous sharp decline, this is...
Hello dear friends! Overall, XAUUSD continues to be supported by bulls. Mainly due to crises from the Middle East. It is currently trading steady around $2,384, up 0.06% on the day. Do you wonder why gold increased so strongly? Regarding international market information: Gold prices rose higher at the end of the North American trading session, up 0.22% following...
Hello traders, in my previous Gold analysis, I recommended buying Gold at the hourly support level near 2430. As you can see, that idea generated over 600 pips profit. Currently, Gold is near the hourly support level again. So, if price doesn't fall below the 100- hour EMA level, traders can consider buying Gold@2367-2375 with stop loss below the hourly support...
Despite the fluctuations, Gold has maintained a stable upward momentum due to the crisis and political tensions in the Middle East region. Investors continue to bet on the Federal Reserve's interest rate cut in July, currently placing bets at around a 41% likelihood. Based on technical analysis, the upward trend of Gold appears likely to continue. On the...
WATCH SUPPORT LEVELS TO PAY ATTENTIO! Short Term Price Target $155.27 to 146.54 1. Tesla's Stock Price Below $100.00: The fact that Tesla's stock could drop below $100.00 suggests a significant bearish sentiment in the market. Investors may be concerned about the company's performance or broader economic factors impacting the stock. 2. Possibility of Dropping...
Bitcoin (BTCUSD) touched today the bottom of the Channel Down pattern that started a month ago on the March 14 High. Ever since is posted Lower Highs and Lower Lows, dropping under the 1D MA50 (blue trend-line). Since the long-term trend for months has been a parabolic rally, this pattern can be seen just as a big Bull Flag, a necessary short-term pull-back before...
After experiencing a bottom-out recovery on Monday, a cross closing line appeared on Tuesday. Looking back at the trading trends in the past two days, the Asian market fell back, the European market stabilized, while the U.S. market rebounded after a second dip, rose further in late trading and broke through the high point of the Asian market. Based on this...
This is only one signal, just one and this is one of the most simple and effective at the same time —how are you feeling today? The mother of all crashes, truly? There are always some mixed signals or mixed feelings when reading the Bitcoin chart: ➖ When the chart is clear, it goes the other way. ➖ When the chart is mixed, we don't know what to say. Either way...
Hello traders, EUR/USD has managed to defend the 1.06 level so far. Currently, on the 4Hour chart, we are seeing the formation of a bullish candlestick. So, the question is whether there will be a sustained recovery in EURUSD? The first resistance level for the EURUSD bull lies at 1.0665. If the bulls manage to break this level strongly, then there can be further...