FX:XAUUSD is forming a range of 2328 - 2295. The market sold off all the excitement formed on the background of Powell's comments yesterday. A bearish market structure is forming on D1. The area of 2328 is keeping the price down and plays the role of a strong key resistance. The bears (sellers) are quite strong and continue to gain momentum. The price is...
FX:NZDUSD reaches the previously outlined target. The trend remains and has a bearish direction, the structure of which is preserved and the direction of price movement can be continued. A retest of 0.5940 is formed on the background of yesterday's news and a slight weakening of the dollar index. The currency pair is strengthening within the downtrend,...
DOCN ona 120 minute chart has downtrended into the support of a 0.5 Fib retracement from the rise after the November earnings. and the triple top then trend down from the last earnings. I believe that is is well situated to rebound toward that triple top again in the next three weeks until earnings. I realize that based on the inicators a long trade...
NFLX on a 120 minute chart currently has price sitting on the POC line confluent with the Fibonacci 0.5 level on the previous trend up that was before the trend down from around the time of an earnings beat which was a disappointment because traders somehow expected better. There is been some disappointment about NFLX keeping some of its subscriber...
Hello everyone, let's take a look at the BTC to USDT chart on a 4-hour time frame. As you can see, the price rebounded from the lower border of the downtrend channel. Let's start by determining the support line and as you can see, the first support in the near future is $57,035, which kept the price from a major correction, if the support is broken, the next...
Hello traders, Bitcoin has made its first 5 waves, now it's time for the abc waves. This is the exact move I'm expecting in Bitcoin, traders. PS: Thank you very much that you support me with your likes and Comments If you have another analysis at this pair, please share in comments, I will be glad to discuss with you. Thank you for considering my analysis and...
I think that NYSE:XPEV completed the Elliot WXYXZ correction wave in April 2024, which started in July 2023. I think that the major Elliot wave, which I am currently showing with the red line, has started 3 impulse waves. I think that this 3rd impulse wave will make the 1st wave. This impulse movement can take NYSE:XPEV up to $13-$15. Take Profit Point...
FX:GBPUSD may continue its medium-term decline based on the fundamental background. Traders are waiting for Powell's comments on interest rates. The market is on hold and is set for a negative scenario. Globally, the currency pair is in a stupor and is in a sideways movement without any clear prospects, trading in a global range between 1.28 - 1.22. On H4 a...
The tech-heavy index exhibited two-way action on Wednesday as markets reacted to the Fed outcome. The central bank acknowledged the lack of progress towards the 2% inflation target and Chair Powell added that recent hot reports have not given officials greater confidence towards this goal. Along with resilient labor market and strong economy, the bar for a pivot...
FX:XAUUSD continues to decline and test new local lows. The fundamental background is negative and the decline may continue. Important events are ahead, everyone is waiting for Powell's speech. Bears finally hold the area of strong liquidity 2328, which only intensifies the price decline. At the moment the market is testing 2280. Today is a busy news day....
Technical Confluences for Trade: - Stochastics are in Overbought Conditions on D1 time-frame - Price action is at a Consolidation Zone - Aiming for the 50% Fibo retracement to TP Fundamental Confluences for Trade: - US yield differential against AUD will support USD - China's economy is still struggling to improve and dampening AUD's growth potential ...
FX:XAUUSD continues to decline within the framework of corrective movement. Sellers are providing strong resistance and at the moment are not ready to let the price go above the key zones. GOLD → The bulls continue to fight back. Consolidation Earlier gold showed signs of strengthening, which in general the market evaluated positively and was ready to wait...
FX:NZDUSD bounces and strengthens towards MA-200 and resistance of the current trend on H1 against the backdrop of the dollar index correction. On D1 the medium-term outlook is clear. There are no prerequisites for the change of the global trend and most likely the fall after the resistance retest may continue. The dollar also at the moment does not give...
The bearish momentum of Mara stock is expected to continue at least until the earnings date. On the daily chart timeframe, from the last lower high to the higher low, using Fibonacci retracement, we can see the golden zone of the pullback extends from 0.50 to 0.68, suggesting that the downtrend may continue. A second confirmation comes from the RSI, which is...
Hello everyone, let's look at the 4H ETH to USDT chart as we can see that the price is moving in a downtrend channel where we could see a bottom breakout from the local uptrend channel. And here the decline itself after leaving the rising channel, reached the 0.318FIB level at the price of $3020, which has just been broken, then there is strong support around...
Hey Traders, This is my take on the CADJPY Looking at the 1HR and the 15 Mins timeframes. Momentum precedes prices! When there's an ongoing primary trend and a completed wave structure, wait for the price to be discounted/pullback. This discounting in price gives us a piece of important information, we can deduce whether the price will continue the primary trend...
Bitcoin is starting to teeter on the border to a bullish trend reversal. The probability of a pump is high within the next 1-3 days. If we can get to a price above $24944.90 USDT/BTC then I would feel safe enough to claim a bullish market trend reversal to at least $29415.43 USDT/BTC. We might see another dip at $24k. Key Takeaways: The $19k support...
GBPUSD is in strong bearish trend. As the market is consistently printing new LLs and LHs. currently the market is retracing a bit after last LL, which is 50% Fib retracement level and local support as well. if the market successfully sustain this selling confluence the next leg lower could go for new LL. What you guys think of this idea?