It’s safe to say you can open a Long setup from 0.012 , Fibonacci always works!
FX:USDCAD is in the phase of trend change. The price begins to form the boundaries of the descending channel, at the same time, against the background of local strengthening of DXY, the currency pair is forming a correction to the resistance area. On d1 we see a global bearish trend in both TVC:DXY and USDCAD currency pair The price is testing the key...
COINBASE:BTCUSD looks confident enough to continue its growth. The fundamental background and market expectations continue to support high interest in the flagship of the crypto market. Bitcoin practically does not react to the news related to the Binance case, the local decline was quickly bought out and the market performs another retest of resistance,...
In recent analyses I've been making multiple statements that my target for 2023 is placed at 48k. This number is derived from the late March 2022 top. Interestingly enough, this number coincides with the 0.618 Fibonacci Retracement. The same Fibonacci Retracement was the high of the 2019 bear-market rally that took us from 3,100 to 13,500. The market rarely...
Fundamental Analysis: Looking ahead to next year, with Swiss consumer prices now back below 2% (the SNB is the only major central bank currently hitting its inflation target), the need for the central bank to keep buying Francs will diminish. In addition, despite the renewed talks about rate cuts in the major economies, starting with the U.S Federal Reserve, the...
After a five-wave rally a three-wave decline on the 15-min chart, we favor further upside on the Aussie, targeting 0.6606 and 0.6617 with a stop loss below 0.6565, the low of day.
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FXS is bouncing off the support level which is also matching with the Fibonacci 0.618 retracement level. Bullish trend is expected to continue up to 8.95.
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NSE:BANKNIFTY Important levels for today 6 Dec 2023 I am sharing crucial NIFTY levels that serve as significant support and resistance points for intraday trading. To execute trades based on these levels, wait for a 15-minute candle closing above them. You can employ both breakout and reversal strategies in your trading approach. This channel is...
NSE:NIFTY Important levels for today 6 Dec 2023 I am sharing crucial NIFTY levels that serve as significant support and resistance points for intraday trading. To execute trades based on these levels, wait for a 15-minute candle closing above them. You can employ both breakout and reversal strategies in your trading approach. This channel is...
The dollar index breaks above the upper line of the descending channel. A third HL was formed at 103.50, and now we expect the dollar to move to 104.25 and then towards the 104.80 level, testing the previous breakout point.
CME_MINI:NQZ2023 - PR High: 15929.75 - PR Low: 15891.00 - NZ Spread: 86.75 Key economic calendar events 08:15 | ADP Nonfarm Employment 10:30 | Crude Oil Inventories Back above last weeks inventory zone - Wholesale marketing for longs with daily pivot Evening Stats (As of 12:05 AM) - Weekend Gap: -0.05% (open > 16030) - Gap 10/30 +0.47% (open < 14272) -...
We are nearing a possible conclusion "Cup and Handle" pattern After the formation of the bowl, I expect a correction to the Fibonacci levels ( 0.382 - 0.5 / 35k-30k ) Next, the handle will be formed
looking to take UJ down to new lows off an over extended day of trading today
looking for favorable price action as DXY works into Fibonacci retracement for bullish continuation
with DXY having no problems breaking through resistance and holding support (LTFs) a short trade in the XXX/USD pairs is an option. One more try in NZDUSD