The Aussie (AUD/USD) is rising towards an overlap resistance and could potentially reverse off this level to drop lower. Sell entry is at 0.6644 which is an overlap resistance that aligns close to the 50.0% Fibonacci retracement level. Stop loss is at 0.6695 which is a level that sits above the 78.6% Fibonacci retracement level and ta pullback resistance. Take...
The strong performance of the U.S. ADP employment data in April provided new challenges for the Federal Reserve's monetary policy. In this context, the reaction of the gold market is particularly worthy of attention. After the data was released, gold fell back 4 US dollars in the short term and then rebounded. The number of ADP jobs in the United States increased...
The Euro (EUR/USD) is rising towards an overlap resistance and could potentially reverse off this level to drop lower. Sell entry is at 1.0854 which is an overlap resistance that lies underneath the 61.8% Fibonacci retracement level. Stop loss is at 1.0905 which is a level that sits above a swing-high resistance. Take profit is at 1.0798 which is a pullback...
The CHFJPY pair is trading on a Falling Wedge pattern, which every time it formed within the long-term Channel Up, it was followed by a sharp decline. The last one hit the 1D MA200 (orange trend-line), which has so far held twice, rendering it the new Support level. Notice that all those tops, had a similar 1D MACD structure. As a result, we turn bearish on the...
USDCAD is showing bullish trend on hourly time frame currently in correction mode, buying near trend line is a good option with a small stop loss
Price is bearish and showing a beautifull corrective move to the upside. Price formed some liquidity yesterday and today to be taken and there is a Daily imbalance + 1h imbalance to be tested right above that liquidity. Expecting price to take that liquidity and react from these area of stacked imbalance, showing an impulsive move to the downside.
USDCAD is showing bullish trend on hourly time frame currently in correction mode, buying near trend line is a good option with a small stop loss.
GOLD printing a bearish flag, on an on going bearish trend
#BTC/USDT ANALYSIS BTC was rejected at the horizontal resistance of the ascending triangle. Currently, it is trading above the Ichimoku cloud. A bounce from the Ichimoku cloud and a decisive breakout from the ascending triangle would confirm a bullish trend. Until a solid breakout or breakdown occurs, further movement within the triangle is expected.
#BTC/USDT ANALYSIS BTC was rejected at the horizontal resistance of the ascending triangle. Currently, it is trading above the Ichimoku cloud. A bounce from the Ichimoku cloud and a decisive breakout from the ascending triangle would confirm a bullish trend. Until a solid breakout or breakdown occurs, further movement within the triangle is expected.
XPDUSD has completed bullish deep crab pattern and potential bullish reversal is expected. Price has also formed bullish divergence at potential reversal zone. We can buy at the break of the previous LH
BTC is losing bullish momentum again After BTC reached 72K which corresponds to a strong zone we can see the price moving down. SO far BTC is showing a decrease in the bullish momentum thus raising the chances for another bearish wave as explained in the charts. Many can be bullish and it may rise again however this is what BTC is showing with the current...
The EURUSD pair gave us last week (May 17, see chart below), the ideal Lower High sell entry, as the price got rejected exactly where we wanted it to at the top of the 5-month Channel Down: We now view this price action from the 1D time-frame where the 1D MACD is about to form a Bearish Cross. Every time in the past 6 months this was formed above the 0.00...
Bitcoin reached its first point of interest, where the price is not at $67,800 and is still pressing and showing some weakness! Bollinger Bands middle line was also broken without any struggle, so we should see some good further fall here! Swallow Team
Gold (XAUUSD) is seeing strong selling this week following Monday's High, which was also an All Time High (ATH). The rejection took place very close to the Higher Highs trend-line that started back in early 2023. So far this is just a technical pull-back to test the 1D MA50 (blue trend-line) for the first time since February 29, and not a stronger correction....
Cosmos has had another rejection from 200EMA where the price is now possibly going towards the lower support zone. As we had another rejection / fakeout, we think that price will bounce from one side to another until it is pressured from both sides (end of triangle formation). Swallow Team
A quick breakdown of a recently called trade.. Follow, like, comment. Thank you for your support
Bitcoin has already risen in price as much as the direction in which transactions have bet. Additionally, the volume of trading volume betting upward has decreased, so it is expected to rise again after partial adjustment