hello guys... as I said before: from my point of view, this pair is bearish! why?! you can see the ascending channel broke! the price formed a QM pattern twice! the first QML(1) was touched and if the blue trenline breaks up the QML(2) will be touched too! so I believe this coin wanna touch the QML area and then start the downward movement due to engulfing...
GBPJPY level for confluence The sellers on the other hand will want to see the price breaking lower to position for a drop into the lower bound of the channel eventually targeting a break below it
BTCUSD On the other hand if the bulls are able to flip the previous high into support like they did with the support previously as highlighted in purple, then that would be a promising move Investors should watch for a decisive flip of the blockade into support A bounce atop this base would inspire more buy orders sending BTC price to the local top at least one
GBPUSD seen as the third leg Deeper decline would be seen to support and possibly bullish But strong support should emerge fromretracement of complete the correctional
EURUSD The latest inflation report for March spooked everyone showing consumer prices soaring by 3.5%, way above expectations What does high inflation mean It means the Fed's gonna keep interest rates high for longer to fight it As soon as that data hit you could practically hear the market's collective gulp with the EURUSD
On the 1 hour chart, we can see more closely the recent price action with the pair bouncing on the most recent swing high level at If we get a pullback from the current high that’s where the buyers should pile in with a defined risk below the level to position for a rally into new highsThe sellers, on the other hand, will want to see the price breaking lower to...
BTCUSD strong bullish and high risk trade in Remember trading is inherently risky and it's crucial to engage with the market based on thorough analysis and personal risk appetite For continued updates Andrew Market insights
Gbpusd sell it The rising yield has the US dollar moving to the upside The US dollar is now trading to new at session highs
Gold Geopolitical frictions in the Middle East have further bolstered gold although these risks have intensified only recently and haven't been a predominant theme for an extended period To add context investors have been nervous about Iran's potential retaliation against Israel following the bombing of its embassy in Syria Such action could escalate tensions in...
XAUUSD period off its best levels established briefly on Friday during the New York session when it toucheda fresh record Considering recent performance the precious metal has increased in seven of the last Eight
Hello Traders, here is the full analysis. Watch strong action at the current levels for BUY . GOOD LUCK! Great BUY opportunity GBPUSD I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the...
Gold is losing ground as traders lock in the time aggressively. The US Dollar tested a multi-month high today. Normally, a strong dollar would lower gold prices, but the current situation is unique as gold prices are driven by central bank demand and rising geopolitical tensions. In case gold falls back below $2,350, it will head towards the nearest support,...
The price of gold in the U.S. market rose sharply on Friday, directly breaking through 2400, directly reaching the target level we saw, and setting a new high again. When the gold price is at 2240, my public strategy is that the gold price will reach the 2300-2320 line. This goal was quickly achieved within a week. We continue to be bullish on gold this week and...
World gold prices tend to decrease with spot gold down 3.2 USD compared to last week's closing level to 2,340.7 USD/ounce. The world gold market has just had an exciting week when records were continuously "broken". In particular, on Friday, gold prices fluctuated up to 98 USD. This price increase is second only to the price increase in December last year that...
As the GBP/USD pair continues its sideways movement, investors eagerly await the release of the United States Consumer Price Index (CPI) data for March. The outcome of this crucial economic indicator will undoubtedly influence market sentiments and provide insights into the Federal Reserve's potential actions regarding interest rates. However, amid this...
Analyzing market trends and identifying potential opportunities is crucial for making informed decisions. One such opportunity currently presenting itself is the bearish setup on GBP/JPY, indicating a significant shift in momentum. As the price of GBP/JPY reached the 193.000 value, it coincided with the 78.8% Fibonacci level, marking a critical point of...
The Canadian Dollar (CAD) faced downward pressure as a result of a juxtaposition between a robust US employment report and lackluster Canadian labor figures. While initially faltering, the CAD began to recuperate lost ground as the immediate impact of the data subsided. Currently trading at 1.3599, the CAD contends with a resolute US Dollar (USD) poised for...
Gold is going UP because of Demand from Central Bank and Geopolitical Tension. The gold market is likely to set a new record again..