GBP/USD, H4 GBP/USD staged a rebound from support levels amid a weakening US Dollar, triggered by disappointing ISM Manufacturing PMI data. Despite recent economic challenges, certain Fed members maintain a hawkish stance. San Francisco Fed President Mary Daly cautions against hasty rate cuts, emphasising potential risks to economic performance. Concurrently,...
XAU/USD, H4 Gold prices experienced a substantial surge, reaching their highest level since December. The weakened dollar, influenced by the latest PCE reading aligning with market expectations and lower than the previous figure, contributed to the bullish momentum in gold. Investors closely monitored the ongoing ceasefire talks in Cairo, Egypt, amidst...
CL OIL, H4 Oil prices face resistance and fail to break above crucial levels due to a lack of market catalysts amid global economic uncertainties. Downbeat economic data from both the US and Eurozone contribute to a dimmed global economic outlook. Additionally, Eurozone inflation dips further, adding to the prevailing uncertainties in the oil market. Oil prices...
USD/JPY, H4 The Japanese yen experiences initial surges in Asian trading hours following indications from Bank of Japan policymakers hinting at an eventual exit from ultra-easy policies. The central bank sets its sights on achieving the long-sought 2% inflation goal, contemplating a shift in its easing monetary policy later this year. However, market scepticism...
AUD/USD, H4 The Australian dollar recently faced a notable decline, breaking a bearish pattern due to a strengthening U.S. dollar. However, a positive turn occurred with the release of better-than-expected Chinese PMI data, indicating an improved economic performance in China. This positive news provided support for the Australian dollar, allowing it to recover...
EUR/USD, H4 The EUR/USD pair has pulled back from its technical rebound observed in the previous session but found support at the 1.0800 level. The U.S. dollar strengthened following the release of the U.S. Personal Consumption Expenditures (PCE) index, which aligned with market expectations, hinting that a Federal Reserve rate cut might not be imminent. This...
GBP/USD, H4 The GBP/USD currency pair has wiped out all the gains it made from the previous session's rebound, indicating that it is currently exhibiting bearish momentum. The U.S. Personal Consumption Expenditures (PCE) index, meeting market expectations at 2.4%, signals that inflation remains persistent in the country. Concurrently, the broader market...
XAU/USD, H4 Gold prices stage a rebound as downbeat US economic data prompts investors to seek refuge in dollar-denominated gold. The focus shifts from subdued US inflation expectations to escalating geopolitical tensions in the Middle East, rekindling the safe-haven appeal of the precious metal. Gold prices are trading higher following the prior breakout above...
DOLLAR_INDX, H4 The Dollar Index maintains a steady position as the US Core PCE Price Index registers a decline to 2.4% on a yearly basis in January, in line with market projections. Despite the dip, the impact on the Dollar's performance against other currencies is limited, as attention turns to additional economic indicators, including disappointing Initial...
Hello everyone, let's take a look at the BTC to USDT chart on a one hour time frame. As you can see, the price dynamically broke down from the local upward trend line. After unfolding the Trend Based Fib Extension saitka, there is strong support at the level of $60,463, and further support is visible at the level of $58,440. Looking the other way, you can see...
Hello everyone, I invite you to check the current situation on BTC in the USDT pair, taking into account the one-hour interval. First, we will use the yellow line to determine the upward trend line from which the price has broken down, currently creating a falling triangle in which we can see a movement towards closing the triangle. At this point, it is worth...
The current economic indicators, alongside commentary from key Federal Reserve officials, suggest a cautious approach towards the EUR/USD pair. With the U.S. showing no immediate intent to cut interest rates due to a robust labor market and unresolved inflation targets, traders should prepare for potential dollar strength and volatility in the currency markets....
A quick look at ETH to USDT on the 4-hour time frame. As you can see, the price is moving above the local uptrend line. After unfolding the Trend based fib extension grid, you can see that the price is struggling with the resistance of $2,995, and then there is significant resistance at $3,168. Looking the other way, you can see the support zone from $2,887 to...
☝️The main purpose of my resources is free, actionable education for anyone who wants to learn trading and improve mental and technical trading skills. Learn from hundreds of videos and the real story of a particular trader, with all the mistakes and pain on the way to consistency. I'm always glad to discuss and answer questions. 🙌 ☝️ALL videos here are for...
I invite you to a quick review of BTC to USDT. As you can see, the price is starting to break out of the local upward trend line. After using the Fib Retracement grid, you can see how the resistance zone from $52,353 to $52,821 rejected the price increases. Looking the other way, you can see support at $51,780, next at $51,331, and then strong support around...
☝️The main purpose of my resources is free, actionable education for anyone who wants to learn trading and improve mental and technical trading skills. Learn from hundreds of videos and the real story of a particular trader, with all the mistakes and pain on the way to consistency. I'm always glad to discuss and answer questions. 🙌 ☝️ALL videos here are for...
I invite you to a quick preview of ETH to USDT on a one-hour interval. As you can see, the price remains above the local downtrend line. After unfolding the Fib Retracement saitka, support is visible at the level of $2,782, while the level of $2,718 is still important. Looking the other way, you can see an important resistance zone from $2,836 to $2,868. The...
Please take a look to previous (15th Feb.) daily and weekly levels. Please pay attention this is BYBIT:BTCUSD.P on 1 hour timeframe. I will keep posting these daily and weekly levels everyday, please use these levels as a tool for making your decisions or managing your positions. These are anticipated support and resistance levels, and their reliability...