Hello Traders, I just made an analysis on the dollar index and if you follow me, you will know I trade the USD pairs based on my analysis of the dollar index. Since I expect more bearish movement of the dollar, I am bullish on the EURUSD short-term. Follow for more updates. See my dollar index analysis. Cheers, David
#LTC UPDATE LTC is creating a symmetrical triangle pattern in this daily time frame (basic about symmetrical triangle pattern) A symmetrical triangle is a chart pattern characterized by two converging trend lines connecting a series of sequential peaks and troughs. These trend lines should be converging at a roughly equal slope. Trend lines that are converging...
Hi Traders, USDCHF rallied last week into a daily bearish order block and I expect it cause a retracement in the bullish rally. As you can see on my chart, I have marked out the buy-side liquidity that I expect the price to go and hunt before the sell-off begins. Also, the dollar index is showing that there is likely to be a short-term bearish move in the...
"What to expect from NFP on Good Friday? What is Good Friday? Good Friday is a federal holiday, which means that US equity and bond markets are closed. However, the futures market, as well as the forex market, is open. Good Friday is a rare occurrence, but it has happened in the past. The last three times it occurred were in 2021, 2015, and 2012. Let's take a...
BITCOIN is showing some major moves since the start of this year 2023. Is this the year of BTC where we witness new highs in making?? On daily tf, the major trend indicator 100DEMA indicates the shift in trend when #BTC breaks above it on 12th Jan. However some key levels for btc is yet to break. $25500 is the first hurdle for BTC to continue its upward...
OANDA:XAUUSD Hi , Trader's ..gold bullish move was because of SVB Bank collapse Now market is extremely over bought , Market need's to do minimum 50% retracement near 1880 area first tp Tp 2 1855 area in extension where 50 and 200 ema market can give sharp downtrend ❤️ Please, support my work with follow ,share and like, thank you! ❤️
OANDA:USDCHF Hi , Trader's .. Market Is in Bullish Trend , Now Market is Trading In rectangle pattern Bullish Rectangle is bullish continue pattern , Market can retest it's pivot point again after successful retest , buyer's can gain momentum and move to upper resistance ❤️ Please, support my work with follow ,share and like, thank you! ❤️
TVC:USOIL Hi , Trader's .. I am keeping chart very simple for you to understand Price touching Resistance 1 , If price failed to break R 1 than it can Fall to pivot point around 76$ Price needs to Retest Pivot again for any further bullish momentum Pivot point Will play a vital role as a death cross for oil
S&P #SPX is retesting its major breakout level (Falling trendline). We are waiting for strong bullish candle in here as this level hold multiple confluence 1. EMA100 resides here 2. Test of Major falling trendline 3. Test of Tentative rising trendline (dotted) A successful retest means S&P is gearing for new higher high (4120 and 4300). A failure will bring it...
Hi Trader's ,, How Area You Today ? Let's Start To Analyze The Market And Get The Best Chance To Enter Trades ,, In This Chart We Have 2 Great Area For Buy & Sell Gold ,, From 1939 -1940 Sell And From 1916 - 1914 For Buy ,,. This Is Smart Money Concept ( SMC ) Area ,, We Can Get Great Entry From This Area .. Please Use Money Management ,, Hope You Will Be...
Greetings. S&P 500 Technical Analysis From a technical point of view, S&P 500 continues to move in wave 5 of diagonal A. Due to lower inflation in the US, there is a high probability that the Fed will slow down the rate hike and, as a result, investors will start buying assets with a higher level of risk. However, historically, after the Fed started to lower...
This was a US30 sell taken during the London session a day before the US Interest Rates news release. Technical Analysis (explained in detail in the video): 1. Price was making lower highs from higher timeframes and continued to show bearish momentum. 2. During the Asian session yesterday, the price consolidated at a psychological level and finally made a...
Hello traders! Welcome back to another episode with Analyst Aadil1000x. This is my old strategy and it is not the top-ranked strategy but yes it's in the top 5 ranks out of my 500+ strategies. This is a 3-step formation and this formation starts whenever there is a resistance that remains untested. "Every trendline and S/R level is formed to be broken and...
Hello Readers! Let's find out the monthly outlook of the two most essential commodities i.e Gold and USOIL Gold on Monthly charts favors bulls for the month of July.Technically the yellow metal has made double top and for last three months posted negative closing. We are optimistic this month as technically it is trading on the support trendline. USOIL (Crude...
Price has printed an ATH on April 22 for 64$ with the strong parabolic move. The drop was more serious than the upside surge as the price lost around 90%. This creates panic amongst traders as they expect more from WAVES. This downtrend stayed approx 60 days and the price printed a LL of almost 4$. But from the previous 2 days, the Bulls stretched their muscles...
BTCUSDT UPDATE: Bitcoin price is again flirting the range support and wants some Bulls volume. If we look at the previous action, when the price hit that zone it gets substantial volume around 100K.0 approx, and there is a strong pullback towards the top. Sooner or Later price will break that range, but we need to understand the price action established on the...
USDCHF after defining a top around 1.00 We saw a reversal sign as indicator suggesting bearish divergence. It has broken rising trendline (white). Since then the pair is printing lower highs and lower lows. Currently price is trading at short term support where EMA200 sustain. Trade your levels accordingly.
EURNZD has been trading in rising wedge (bearish pattern). Currently price is approaching to the support of the wedge. We are expecting a rise from here as multiple confluence point reside there. We have EMA100 and fib 38.2% level and trendline support. However, break below from fib level will be all over for bulls and trend will be bearish.