For gold, we suggest going long near 2320 in early trading. The gold correction is in place. It fell back in early trading and stabilized at 2319. After gold rose strongly, there was no big correction, but a shock and momentum. That is, the market is easy to gain momentum and may continue upward at any time. New high, the current price of gold in early trading is...
The USDJPY currency pair is currently encountering significant resistance within key supply zones, marking crucial levels where sellers are exerting notable influence on price movements. The primary supply zone is established near the level of 154.500, acting as a formidable barrier against further upside momentum. This zone indicates an area where sellers are...
CRYPTOCAP:DOGE hints at an impulsive 5-wave Elliott Wave structure since the May 1st lows. RSI divergence on the chart potentially confirms Wave 5 of 3 of 1. Limit Entry: 0.1545 Stop Loss: 0.1440 Take Profit 1: 0.1617 Take Profit 2: 0.1794 Risk 0.5% Remember: Do your own research before making trading decisions. This is not financial advice.
Hi guys, this is my overview for BTCUSDT, feel free to check it and write your feedback in comments👊 Recently price entered to falling channel, where it at once reached resistance level, and then continued to fall. Later BTC rose to $64600 level again, after which made downward impulse, exiting from falling channel and breaking $59200 level. Then price some...
So many thing to see here but lets keep it simple. Back in late 2020, When PA first took a breath after pushing up for Months ( left circle), it retraced foe a while and then continued its push to the First New ATH. That line of support, the lower Red Bar, acted a a strong line of resistance in this push up in 2023. But we got through it and then broke through...
First technical analysis. DUSK looks absolutely great! We have a pretty long bullish accumulation of whales, which you can see in the rectangular pattern. Usually, whales need to accumulate a lot of coins / contracts before they send a coin to the moon. What is positive is the Elliott Wave outlook. My EW count suggests that the WXYXZ complex correction has been...
The Japanese Yen is currently exhibiting weakness in the forex market, particularly highlighted by its recent 4.5% decline against the British Pound (GBPJPY). This decline follows the Bank of Japan's (BOJ) intervention efforts. While such sharp movements may evoke fear among traders, it's essential to recognize historical patterns. The BOJ's interventions have...
All ideas are strictly my interpretation of price action. I am not a professional trader nor is this professional advice.
Gold is following an ascending channel pattern, subdivided into 5 waves with 3 waves each. Wave 3's peak suggests the initiation of wave 4, anticipated to be an ABC correction targeting Fibonacci levels. Interested traders should monitor for pullbacks and consider entry with stops placed above recent highs for risk management.
The USDCAD currency pair is currently navigating through a crucial demand zone, with the primary level resting at 1.36820. This zone denotes a significant area where buyers are exhibiting heightened interest, potentially signaling a shift in market sentiment towards bullishness. Traders closely monitor this demand zone as it represents a key inflection point where...
Gold price extends its upside as markets react to downbeat jobs data Spot Gold turned positive at the beginning of the week, with XAU/USD reaching an intraday high of $2,331.88. The US Dollar weakened throughout the first half of the day, although trading conditions were thin amid holidays in Japan and the United Kingdom. The market mood remained upbeat in Asia...
Hello there, On Tuesday, the gold price traded in negative territory due to renewed demand for the US Dollar. The possibility of rate cuts by the Federal Reserve following downbeat US jobs data prompted speculation in the market. Investors are closely monitoring a speech by Fed's Kashkari later in the day. Despite the USD demand, the gold price lost momentum, but...
Hello friends. Please support my work by clicking the LIKE button👍(If you liked). Also i will appreciate for ur activity. Everything on the chart. Im waiting for growth from current price or through one more decline in 0.33 - 0.3$ zone. Entry: Market and lower Targets: 0.73 - 1 - 1.3 - 1.6 Main target zone: 1.6 - 2$ Stop: (depending of ur risk). ALWAYS follow ur...
Third winning strike of Bear, again nifty opens gap up at 22489 level but didn’t sustain and bear drag nifty down to low of the day which is 22232 level. Nifty was down by almost 200 points but given closing at around -140 points which is -0.62%. Nifty has formed a big red body candle with upper and lower shadow on daily chart. Candle is trading below middle...
If you haven`t bought HOOD before the previous earnings: Then analyzing the options chain and the chart patterns of HOOD Robinhood Markets prior to the earnings report this week, I would consider purchasing the 20usd strike price Calls with an expiration date of 2024-9-20, for a premium of approximately $2.22. If these options prove to be profitable prior to the...
Pair : GBPJPY ( British Pound / Japanese Yen ) Description : Falling Wedge as an Corrective Pattern in Short Time Frame and Rejection from Upper Trend Line RSI - Divergence Break of Structure Completed " 12345 " Impulsive Waves and " ABC " Corrective Waves
Esteemed analysts and traders, I hope this correspondence finds you in good health and high spirits, prepared to tackle the upcoming week with renewed energy. I extend my best wishes for your continued success in all your business endeavors. It is worth noting that success in trading is largely dependent on the consistent definition and adherence to one's own...
Weak US employment will help the New Zealand dollar rise. Examining the trend in the four-hour time frame, the New Zealand dollar/US dollar can rise to the upper level resistance of the Andrews fork in the 200% Fibo range at $0.6094, maintaining the important support interval in the range of 0.5984-0.5971.