BoJ More Dovish than Expected Friday witnessed a surge in dollar demand versus the beleaguered Japanese yen (JPY). The USD/JPY pairing not only recorded its largest one-day gain this year (+1.7%), but the exchange rate also refreshed multi-decade highs and is swiftly closing in on the ¥160 region, a 1990 peak. Earlier on Friday, Asia Pac trading witnessed the...
Hello dear traders! Let's discuss and strategize our new day! Overall, XAUUSD experienced a significant pullback today with the price falling above the $2380 and $2365 support levels as mentioned earlier. It is currently trading steady at $2,358, marking a loss of 1.38% on the day, and the downtrend remains popular with investors. Personally, I still maintain my...
On weekly chart the security has breached the wedge & sustained over SMA 200. RSI is in bullish zone. All these are the signs of hyper move so take position accordingly. TP & Stop Loss has been marked on chart for quick reference. Have Profitable trading
expecting reversal in one of these 3 zones. if a candle closes below zone1, then zone 1 is invalid. paakalam enna pannuthu nu...
Entry- CMP TARGET -300 SL 175 BELOW Credo at its last support so we have e Excellent opportunity to enter in this stock and try for ATH
Outlook 1: Expecting price falls to the 0.6 fib level around the psychological level of 1.36000. We can also see that that this area has been heavily tested this year. That being said, Lower timeframe confirmation will be necessary as price could easily continue bearishly. Outlook 2: For price to challenge the 0.7 fib level around the psychological level of...
Example 2 💰ETH (COVID dump ) -70% ➡️ peak volumes at the bottom ➡️ gradual recovery and bull run further 💰SAND (now) -56% ➡️ Big volumes at the bottom ➡️ projecting gradual recovery Similar price action was on most of altcoins during Covid. So now we should expect similar price action on most of altcoins too. But the main thing is to decide which Example it...
106.35 AND 107.10 levels will be interesting for next week. Let it see.
Bitcoin make h&s pattern & we are in range bottom so we can long
As seen on the 1hr time price has broken 1hr trend line and price has put in a double top at1.2500 level which lines up with the 50% fib on the D1 chart (from swing high to swing low ) GBPUSD price has gone further to break 1hr low .currently am on this trade as it mets all my entry boxes
Similar scenario that the market has experienced Example 1 💰DOT (spring-summer 2021) Accumulation ➡️ Distribution ➡️ 67% dump ➡️ 360% pump 💰OP (spring-summer 2024) Accumulation ➡️Distribution ➡️64% dump ➡️ projecting DOT scenario to OP Here we saw 3 waves of decline and the last one was the most painful and fearful for the crowd. After that we had great...
💹 Let's review together what the re-entry point might be and even consider another buying opportunity for this cryptocurrency. 📊 In our previous analysis, it was mentioned that after the weekly candle broke the resistance at 1.485, you might consider buying this coin with a stop loss active around the range of 0.932, which probably your stop loss has been...
Judging from the one-hour chart, there is no unilateral trend in gold's recent trend. The main trend is shock, which is the adjustment form of the falling flag. When the shock ends, there is a high probability that it will continue to fall below and continue to fall. However, this is just a possibility of breakthrough. Whether to break through upward or...
📊It's been a while since we analyzed Bitcoin and the market in general. Here's what we have now: 💰Bitcoin is still holding near its all-time high (ATH). The trend is still bullish. Weekly candles are closing with large wicks , indicating buyer presence. However, we've seen a rapid price acceleration towards ATH, accompanied by significant volume, which could...
NASDAQ:ADBE has recent pulled back to the levels where it becomes a buy and strong buy. Fundamentally the stock is valued at 650-700 levels, hence the majority of analysts median is at 640-650. Technical analysis shows that we are at important fib-level with 475 being a strong support level. We may observe a rapid upside by next earnings, which was the case in...
As seen on the daily time frame Pound prices is in a down trend price as gone further to break 1W tend line ,GBPUSD price has broken into a new zone 1.25000 ,price is currently retesting this level 1.25000 to push low to 1.2200 as we have the next daily low Remember price just broke the low on the D1 timeframe @1.24000 and every time breaks a low price tends to...
Hey Traders, in the coming week we are monitoring AUDUSD for a selling opportunity around 0.65900 zone, AUDUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.65900 support and resistance area. Trade safe, Joe.