Analysis: EUR/GBP is exhibiting a bearish breakout from a descending triangle pattern. This technical development suggests that the GBP is gaining strength against the EUR. A break below the triangle's support line often precedes an accelerated downtrend. Supporting this bearish outlook is the Relative Strength Index (RSI) currently trading below 50. This...
Key technical levels and confirmation strategies to watch The EURUSD currency pair is currently exhibiting a well-defined ascending triangle pattern on the weekly timeframe. This technical formation often precedes a bullish breakout, suggesting a potential rise in the value of the Euro relative to the US Dollar. Understanding the Ascending Triangle An...
The USD is facing a key resistance level at 0.64537. If this level is broken, the currency could fall to a monthly resistance level at 0.63403. This week there are some important news events for the USD. These include: The US Federal Reserve interest rate decision The US non-farm payrolls report The US trade balance report These events could have a...
Building on our previous analysis, it appears that OANDA:EURUSD holds potential for a continued downtrend towards the daily demand zone We observe the presence of the QM pattern and the emergence of the maximum pain level formation: Traders, whether you agree or have your own insights, share in the comments
Technical Analysis: Trend & Moving Averages : The stock recently moved above the 50-day SMA but is currently below the 200-day SMA, suggesting that it's in a consolidation phase. The 200-day SMA is a critical level to watch. A sustained move above it might signal a longer-term bullish trend. Fibonacci Retracements : The price seems to be hovering around the...
So far so good for this vitally important Index. However, it is elevated (High basing) at the moment and that is a cause for concern. Every previous spike above zero signaled a recession. Will this time be different? Time will tell. But it is well worth your time to keep an eye on this index. As I always say no single chart is the holy grail of analysis. There...
Technical Analysis: -Trop down analysis shows that there is a strong bearish trend for this pair so I will only be looking for short trades. -Supply zone and Fibonacci level 62% are in line which shows a strong confluence that price will retrace to from this level. -According to my algorithm, the seasonality shows a bearish trend for this pair will last till the...
Summary: Short term Bull Trap and Long Term Bear Trap. Prices may move up or sideways for about a week but over the next month prices will move down to a previous support level. Investors are reallocating their profiles and they will also be digesting negative earnings report outlooks that consider the employment costs from higher interest rates in 2023....
Entry: 1.4455 TP 1.4665 SL 1.4380 Vice-President of the European Central Bank Luis de Guindos stated that he believes the actions taken by the ECB so far has not been sufficient. ECB policymaker, Peter Kazimir pointed our that restrictive rates and strong action are necessary and should be in place for a longer period. At least in the first half of 2023. Also...
Sold GBPUSD Entry 1.2020 Sl 1.2180 (160 pips) Tp 1.0685 (1335 pips) Weekly resistance met +200 MA showing weakness to the bullish side on the daily TF. Large institution is in a short position on the pair. The UK economy is in a horrible position. By the looks of it, their major issues such as their energy prices and increased cost of living are being...
- 1.20870 will be touched this week - trade carefully red folders all week - cpi setup played perfectly lol
GPB USD SELLS, My levels of resistance on all charts were respected and my EMA's were all broken through indicating to a bearish trend, ignore the fib timeline It's inaccurate. Just hope we smash through that .38, please leave feedback always tryna learn.
#RCF CMP 100 Fundamentally strong stock Good for Swing trading and Long term investment.
Since this will be a short term trade, I won't be going into the fundamentals as much and focusing on the technicals. There is a nice symmetrical triangle which had a false breakout on the 15th and just retested the lower support (great place to enter trade). MA is about to cross to the upside. Squeeze mob finished releasing pressure and is consolidating (in...
No good news to Crypto Market. With all that is happening in the world at large, one could not expect anything else. Stage 4 in progress with no signs of relief. I can see a possible pullback to $23.3k ish and down again.
What I observe from technical analysis is that they have corrected the imbalance that was generated on Monday, and that they will go a little farther UP, at which time I will wait and ride with them. If it hasn't reached that stage, I'm not expecting anything. After that, I'll embark on a market exploitation spree. For the time being, I have a very solid figure...
Prior to two weeks ago, I was looking for a new employment. I hadn't had good statistics for some weeks before to this. However, the prior week, I received it once again... Most of the time, when I get a foundational analysis, when I get solid statistics, and I know what should be... even if I go in SL, which is usual between Monday and Tuesday, and then...
EUR is the most inflationary currency, whereas NZD is the most deflationary. Based on Micro Bias, Global Macro Bias, and other factors... My strognerst number was never assigned to this pair.... Consequently, I will maintain my short position in the EURNZD, and based on current information, we might continue in this manner for another week... Someone among...