Hello everyone, let's take a look at the ETH to USDT chart on a 4-hour time frame. As you can see, the price is moving just below the local downtrend line. After unfolding the Trend Based Fib Extension grid, we see that the price remains under support, while the next support is at $1,499, and further at $1,466. Looking the other way, the first resistance is at...
TVC:GOLD My current views on GOLD: Short chart explanation. This structure can be: 1. A continuation of the bigger WXY - forming another XZ correction (so the price is heading on the downside) 2. A correction at a smaller degree (ABC), finishing a potential Wave A on the downside, before bouncing forming the Wave B on the upside, potentially reaching again...
Hello everyone, I invite you to Thursday's review of the current situation on BTC in pair with USDT, taking into account the four-hour interval. First, we will use the yellow line to mark the upward trend lines from which the price has currently broken down. When we turn on the EMA Cross 200, we can see that the price has returned below the moving average, which...
Brent oil prices have skyrocketed in recent months, from about $70 a barrel in June to more than $90 a barrel today. This is due to a number of factors, including: Fundamentals Tight supply: OPEC+ has cut output to support prices and there are concerns about supply disruptions from Russia due to the ongoing war in Ukraine. Strong demand: Global oil...
The monetary markets are continually responding to unused data, and swelling, oil costs, and gold costs are a few of the foremost imperative components that financial specialists consider. This article will give a TradingView direct to understanding how these components can influence the stock and forex markets, and how dealers can utilize them to their...
Regarding the EUR/USD pair, our swing trade attempt from the previous daily fractal high didn't succeed, and we observed a downward movement. Looking at the Fibonacci range, we find ourselves at the upper end of the range. We're in a bullish momentum unless there's a shift to the downside. Additionally, we've noticed a significant concentration of stops above our...
Good morning, traders. Yesterday, we witnessed a push down in the dollar and an upward move in EUR/USD. We're still trading within a range, and we noticed the first sign of weakness in the dollar index as it failed to make a lower low. Today, we have news releases that can influence the dollar, so exercise caution when trading dollar pairs. We're patiently waiting...
I invite you to review the chart of MKR paired with USDT. First, we will use the yellow line to mark the downward trend from which MKR came out on top, while locally, we can use the blue lines to mark the upward trend channel in which the price is moving. When we unfold the Fib Retracement grid, we will notice that the price has approached the support level of...
I invite you to review the MATIC chart. As we can see, the price dropped below the blue EMA Cross 200 line, thus returning to the strong downtrend. However, here, after marking the downtrend channel, we can notice that the price breaks out of it sideways, which may have a positive impact on it and may translate into a change in direction. When we unfold the Fib...
Hello everyone, I invite you to review the ETH pair to USDT chart, also on a one-day time frame. First, we can use the blue lines to mark the upward trend channel in which the price is currently moving in the lower range. We also see that the ETH price made a negative attempt to break out of the blue EMA Cross 200 line, remaining in a downward trend. Now let's...
Hello everyone, I invite you to Tuesday's review of the current situation on BTC in the USDT pair, taking into account the one-day time frame. First, we will use blue lines to mark the upward trend channel from which, as you can see, the price has come out at the bottom. Therefore, at this point, you need to determine a new side trend channel in which the price is...
The US Customer Cost Record (CPI) information for September is due to be discharged on Wednesday, taken after by the US Government Reserve's intrigued rate choice on the same day. Both of these occasions have the potential to altogether affect the forex and stock markets. The CPI information could be a degree of expansion, and a higher-than-expected perusing may...
Hi, dear traders and colleagues, Let's take a look at the JPY basket and analyze its potential implications in relation to other currencies. The Japanese Yen (JPY) has been weakening for a considerable period due to the policies implemented by the Bank of Japan (BOJ). However, given that we are now at the end of the hiking cycle in other central banks, it is...
hello trader... I noticed a divergence in the daily oil chart between the rsi and waves 3 and 5. Rsi is still over 50 level in daily chart, which leads me to believe that the uptrend is still in progress. yet H4 rsi is currently below 50 level. My plan is to short around $93.7 and monitor the RSI daily whether I can stay below the 50 level or any news from us...
We saw that on Friday, when the NFP news came, the market was running at 1820. After that, the market went down and reached 1811. The market went up to 1835, after which it went down a little. On Friday, the market closed at 1832, and when the market opened today, it opened with a gap, and at that time it was running until 1852. If the market breaks 1846, then...
CAPITALCOM:OIL_BRENT On the fundamental side, Brent oil prices have been supported by a number of factors in recent months, including: Strong global economic growth, which has boosted demand for oil. Supply disruptions caused by the ongoing conflict in Ukraine. The decision by OPEC+ to cut production by 2 million barrels per day. The war in Iran, which has...
Hello everyone, I invite you to review the chart of LTC in pair with USDT, on a four-hour interval. First, we will use the yellow line to mark the downward trend lines from which the price has gone up, while locally we can see that we are moving in a sideways trend channel. Moving forward, we can move on to marking support areas when we return to the correction....
Let's think beyond technical analysis and consider what Gold is likely to do. We all see it's at a support level, and we're expecting a correction after a 1000 pip drop. In the long term, it's in a descending channel, and to reach the channel's resistance, it needs to rise to 1880, which is 600 pips away. So, two questions arise: Is it that simple for Gold to...