Dear traders! Overall, the recent support from below the BB channel limit at 65,500 is providing minor recovery momentum for BTC potentially up to the $67,000 resistance level. However, from the BB channel we can see that the BB band is expanding above H4. This in short, shows huge selling pressure just as I mentioned yesterday. Therefore, it would make more...
Dear traders! On almost every timeframe, gold is remaining positive above a stable parallel trend channel supported by the $2300 mark. But, in general, from the price resistance at 2335 USD, the upward momentum seems weak and there is a possibility that gold will retreat to 2325-2320 with the aim of retesting the 34.89 EMA level to accumulate before strengthening...
Hello dear friends, let's explore the gold price after yesterday's big fluctuations! About developments and news results: Gold prices experienced significant volatility on Friday, maintaining stability above the $2,300 mark and reaching $2,332, highlighting gains of 320 pips. This happened as US Treasury yields fell, benefiting the precious metals market. ...
Dear traders! Overall, after Wednesday's surge, EUR/USD retreated and recorded large losses on Thursday. The pair came under pressure on Friday and traded at its lowest since early May, slightly below 1.0700. At the time of writing, the price is stable at 1.0702. The overall outlook from the market remains bearish as the pair continues to trade in a tightening...
Dear traders! From the chart, BTCUSD confirms that the double top pattern has formed and that the short-term bearish trend is dominant (by the 34.89 exponential moving average reversing in line with the resistance level of 68,000 USD), actively defended by sellers on the wave of correction and sell-off. Currently, we can see BTC falling to the support level of...
Dear traders! Overall, BTC today has a narrowing downtrend that is gradually forming above H4 protected by the immediate resistance mark at 70,000 USD. But in light of buyers gaining good near-term traction that can be seen on the setup against 66,000, I expect BTCUSDT to rise to resistance before falling further to the indicated level. Hope you like this idea....
Dear traders. Time to buy EURUSD with strong buyer interest around 1.0720 - 1.0700 area (Due to signs of BB narrowing in a downtrend) Accordingly, the previous price liquidity is still very large So it would make more sense to buy EURUSD and target 1.0865 for a major bull strike (if EURUSD breaks 1.0700 the market structure will change) Manage 2% for account...
Hello everyone! Overall, EUR/USD saw renewed selling pressure during the European session to close at 1.0700 as the barrier from expanding US dollar strength combined with impending political instability in the EU exerted downward pressure live price for this currency pair. However, in the short term a recovery is possible from the channel with support from...
Dear traders! On the 4-hour chart we see a trend change then the market entered a consolidation phase below the strong resistance level of 72,000 USD and reached 66,000 USD. Yesterday, BTC rallied a bit on the strength of the CPI but the fundamental reaction may have exhausted itself as seen against the $70,000 resistance level. Personally, I appreciate that the...
Hello wonderful friends! On the H1 chart, although the downtrend remains dominant amid the correction and sell-off, there are signs of a potential bottom forming at 2295. Current resistance is around $2325 . If this level is breached, it could push gold higher, potentially reaching $2,335, coinciding with a test of gold's local high. What do you think? Do you...
Hello traders! 👋 As we approach the end of the trading week, EURUSD remains in the red on this Friday, currently hovering around the 1.071 mark. The outlook remains bearish as the pair continues to trade within a tightening wedge pattern, and both the EMA 34 and EMA 89 are favoring the sellers. Key Observations: Current Level: EURUSD is trading near 1.071,...
Dear traders! As I predicted earlier, recent technical selling in the gold market has turned to a short-term bearish trend. Talking about impactful news : the Fed decided to keep the current interest rate unchanged. Since then, gold has lost much of its previous momentum. Despite being under pressure, the fact that gold is still above 2,300 USD/ounce proves...
Dear traders! It's time to buy gold. The BB indicator is narrowing in a downtrend, and it seems that sellers cannot break the support. A recovery candle has formed from the BB limit. Therefore, buy target up to 2335 USD.
... for a .53 credit. Comments: In for a penny ... . In for a pound. With the July 19th 28 short put looking ripe for assignment (it's still got time, so you never know), adding a rung here out in Sept (there is no August monthly yet). The current position is a Dec 20th 29 Covered Call with a 28.44 break even, a July 19th 28 short put, and a Sept 20th 25...
Let's talk about BTCUSDT. After experiencing a brief surge yesterday, BTCUSDT is now resuming its downward trend. Currently, it's trading around $67,500, with both the trendline and the EMA 34 and 89 indicators still favoring the bears. Given these signals, I anticipate further declines. What about you? Do you see more downside potential, or do you have a...
Dear traders! GBP/USD edged lower on Thursday amid increased USD-inspired buying interest. The mixed technical setup warrants some caution before positioning for deeper losses. Before the weekend as long as the daily close above the 1.2800 mark will set the stage for a further upward move. In the short term, GU is likely to gain further upside but a close below...
BUY ABOVE - 49890 SL - 49670 TARGETS - 50100,50250,50550 SELL BELOW - 49670 SL - 49890 TARGETS - 49530,49290,49050 NO TRADE ZONE - 49670 to 49890 Previous Day High - 50250 Previous Day Low - 49670 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the...
Dear traders! The H1 double top and bottom pattern has been discovered Potential neckline of 1.0800 has been breached (Gap was filled after yesterday's CPI news). Currently, the price is testing an important and cumulative support level. Therefore, buy EURUSD and target 1.0852 at least and 1.0902