🔍In the weekly timeframe, GAL has broken its trend line and completed its first bullish leg, reacting to resistance at 3.904. 🕯The weekly candlestick is deemed reliable, indicating an influx of buyers into this coin. ⚡️Indicators such as SMA7 and SMA25 have crossed after breaking their respective trends, confirming the upward momentum. Currently, SMA7 is...
With US inflation and jobs data showing signs of strength, I think interest rates won't be cut as soon as once thought. Therefore, this is an opportunity for the dollar to rally. I think the Aussie could test monthly support at around .6330.
Gold was not successful in trying again to break the 1930 range and entered the correction down to the 1916 range, and after the correction in the third attempt, I think this level will break and we will see the growth of the global ounce of gold until 1980.
- Today, June 10th, 2023, CRYPTOCAP:TOTAL2 Altcoins are being smacked to the face with the least of shame from Bitcoin's Dominance ! CRYPTOCAP:BTC.D has increased intra-day at 2% with BITMEX:XBT dropping as much as 3.5 %. When compared to Altcoins CRYPTOCAP:TOTAL2 , Bitcoin's dump so far for the day looks not as bad in terms of % negative...
BUY TADAWUL:3091 Tp : 14.75 sl : 12.05 if you have any questions do not hesitate to contact me.
The Swiss Franc used to be pegged to the Euro until 2015. The ECB went on a money printing spree with its own QE and the SNB could not sustain maintaining the peg. So it decided to remove the peg and the Swiss Franc strengthened against the Euro more than 20%. This caught a bunch of traders by surprise (mainly because the SNB said it was committed to...
If you are considering entering a short position on AUDNZD, it is important to carefully consider your risk tolerance and investment objectives. Shorting a currency pair involves betting that the exchange rate of the assets will go down. While this can potentially result in significant profits, it also carries a high level of risk. If the exchange rate of AUDNZD...
The Weekly Chart of AMZN shows that the stock has dropped into a strong support price level with a risk that there could be a Dark Pool Buy Zone here. The share price is now below fundamental values. With a month before AMZN reports earnings, it will be interesting to see how the stock behaves; it will reveal how well AMZN is recovering from the hyper revenues...
After breaking its ascending channel that lasted for about 2 months, BTC fell in a falling wedge from the 25,000 to 19,500. Now BTC is in its demand range and according to the importance of this level which has the potential to reverse price, and the orders available in this range, there are 2 scenarios: Bullish scenario : It is possible that if the demand...
The Mentioned Stocks have the potential to become multi-baggers in a few years as they have good growth potential and good fundamentals. They are available at a cheaper valuation when compared to the market and their listed peers in their respective Sectors/Industries. It may be wise to distribute the investments into a number of stocks than a particular...
Multiple time frame analysis on Dax. Price action & key levels. Potential scenarios and thoughts. ❤️Please, support this video with like and comment!❤️
Confluences: -Daily timeframe respected first fib level -Daily time frame's resistance has been broken and retested (lower blue zone) -4H timeframe it's clear the break, retest and continuation -DXY is bearish so pairs XXX/USD will go up As of now I'd expect it to retrace to the 4H 38.2 level where I'll be triggered in. Additionally it overlaps with the daily...
I will not be taking this trade, but a clear support and resistance has formed. It is just an idea. Do not risk more than you can lose.
The fundamental are really strong for this MSFT. With the recent announcement of partnering with GM and investing $2B on the cruise from GM. EV market is now getting attention from big tech companies likes apple who have plan to get into. Microsoft investing in cruise which is ahead of tesla in certain tech feature and automation. Based on its current prices it...
Price is heading to supply zone. nice area of resistance also in confluence with market structure. probably a complete retest of previous lower high. before seeing aa continuation to downside
As I published early this week, tomorrow will be the Bank of Canada's meeting, the market doesn't wait a particular change, so the reaction of the pair EURCAD, will be affect by the stimulus and economy outlook.
Technical Part : Stock was rejected upside after last week rally, it didn't have any price support in that trajectory, we saw the profit booking on Monday. Some might say, it happened due to financial report but that was just a bite at the cherry. Now stock has retraced more than 50% and heading towards 61.80%. It is Excellent Bargain Price where you can get...
Trade hit take profit but continued - so consider this a trade review. Trend line again is respected and US released fundamental news to allow the bulls to surge in and take control. The trend line is again respected with tech earnings coming in today with Microsoft, FB & Qualcomm Tesla are also looking to open up the californian factory despite widespread...