On AUD/USD, it's nice to see a strong buying reaction at the price of 0.63750. There's a significant accumulation of contracts in this area, indicating strong buyer interest. I believe that buyers who entered at this level will defend their long positions. If the price returns to this area, strong buyers will likely push the market up again. Strong rejection of...
Pair : DXY Index Description : Impulse Correction RSI - Divergence Symmetrical Triangle Break of Structure Bullish Channel as an Corrective Pattern in Short Time Frame
CELO Setup. After a confirmed breakout from the marked zone in green, we could take an entry at 0.9065 Remember stop loss is your friend. Everything is on the chart. Entry 0.9065 S.L 0.8188 T.P 1 0.9556 T.P 2 1.0291 T.P 3 1.1129
The Channel chart pattern is a continuation pattern which is formed by the combination of two lines. These two lines are parallel to each other and they resemble a channel when drawn on the price chart. The upper line of the channel acts as the resistance line whereas the lower line acts as the support line. When the direction of a channel is upward then it is...
Ethereum (ETHUSD) traded exactly the way we wanted it last time we looked at it (January 09, see chart below) At the moment, the price is trading below the 1D MA50 (blue trend-line), having recovered the 1D MA100 (green trend-line) on what was a bottom on the 6-month Bullish Megaphone. This Higher Low was almost priced on the 0.382 Fibonacci level. That is...
USDCAD has seen a strong Bullish trend. However, a clear Head & Shoulders Pattern has been observed on the 1 hour time frame, confirming reversal of trend to Bearish. Trade Call: Short Entry: 1.37211 SL: 1.38064 TP1: 1.36359 TP2: 1.35500
Ahead of this week’s US GDP first estimate print and the PCE Price Index numbers, the US Dollar Index will likely be a watched market. Buyers remain firmly at the wheel. YTD, we are nearly +5.0%, with April on track to close higher for a fourth consecutive month, up +1.5% MTD. And from a technical standpoint, further outperformance is on the table.
Dear Traders, What are your thoughts ? Here we have key zones for buyside options and sell side options putting my analyses out here to see what your verdict is. let me know
Bitcoin (BTCUSD) is struggling to break and close above the All Time High (ATH) Resistance having almost completed 6 weeks of sideways consolidation and candle closings below it. On any other occasion, that would be a bearish signal, an inability of the market to find enough willing buyers to push it to a new High. But with BTC's historic cycles this has proved to...
Crude Oil - Trend Reversal - Forcasting to Price 73.821 - Crude Oil forming Head and Shoulder Pattern. Currently Right shoulder is not confirmed wait for its formation.
Variation of my last btc chart, with added sub parallel channels within the potential top channel from previous charts, and new projected top number around 81500, if it doesn't continue to keep selling off from here.... just guessing tho
Weekend news has helped ease market-perceived geopolitical risk, and sentiment is generally supported across asset classes as the week starts. All interested parties appear to have chosen the path of downplaying the size and consequences of Friday’s Israeli strikes in Iran. Bent trading below $90/bbl signals that fears of a broader conflict in the region have...
Sterling markets moved on Friday after the Bank of England's deputy governor, Dave Ramsden, sounded less concerned about price pressures and suggested that there were indications of UK inflation converging to that of the eurozone. Crucially, he added that the Bank will be “responsive” as evidence on inflation accumulates. Markets revamped some of their BoE rate...
The Bank of Japan announces monetary policy on Friday and is widely expected to keep rates unchanged after March’s 10bp hike. The market’s focus should therefore be on the BoJ’s quarterly forecast report. Our economics team expects the inflation forecast to be revised upwards, considering the increased inflation in the first quarter, wage growth that exceeded...
Abating concerns on Middle East tensions are positive for the pro-cyclical euro, although that also lowers the chances that higher oil prices will force a delay of the European Central Bank's cutting cycle. Market pricing for total 2024 easing is firming up at 75bp, which is also our call. Substantial data or market events may be needed to force a major repricing...
#NEARUSDT UPDATE NEAR is making the channel pattern. And ready for breakout. After this breakout we can see gain upto 80%+
Plan 1: Analysis Time Frame: 15M Order - Buy Stop Risk on Account 0.5% Entry Price: 2386.733 Stop Loss: 2377.634 TP1: 2395.832 TP2: 2404.931 Plan 2: Analysis Time Frame: 15M Order - Sell Stop Risk on Account 1% Entry Price: 2377.634 Stop Loss: 2386.733 TP1: 2368.535 TP2: 2359.436
Some of the world's biggest money managers are looking outside the US for the next wave of AI winners. At a time when global euphoria around AI has caused a three-fold jump in Nvidia Corp. and a 50% jump in a key US index for semiconductor makers in less than a year, investors are turning to emerging markets for better value and a greater range of options. The...