The US Dollar Index (DXY) has risen close to the 101.00 level following remarks from Federal Reserve Chair Jerome Powell, who indicated that future rate cuts would be implemented gradually. This rise comes as no surprise, as the DXY has rebounded from a key demand area that was previously identified. According to the Commitment of Traders (COT) report, retail...
Here on Eurusd price has form a falling wedge pattern and now going up to break line 1.10670 so there is a chance of moving up so there for trader should go for LONG and target a profit of 1.10964, 1.11264 and 1.11542 . Use money management
By analyzing the USD/JPY chart on the 4-hour timeframe, we can see that after a sharp decline, the price created a large liquidity gap, which has just been filled at the moment. Currently, the price is trading around the 145.660 level, and after an initial bullish move, I’m expecting a further correction. So, first a LONG position, then a SHORT!
Please support...
NZDCAD at the Beginning of a New Trend
NZDCAD reached its lowest price at the end of July 2024, near 0.8120. Since then, NZDCAD has been in a bullish trend for exactly two months. However, in the last two days, the price has decreased significantly by nearly 200 pips, influenced by Powell’s comments and the ongoing conflict between Israel and Iran.
Given this...
As I had anticipated, GOLD showed strong support at a previously broken horizontal level on an intraday chart and rebounded from there.
To confirm our buy signal, we are looking for a bullish breakout above the resistance line of a symmetric triangle formation on the 4-hour timeframe.
A close of a 4-hour candle above the resistance line will confirm the...
After the tension between Iran and Israel , Bitcoin started to fall and once again fell below 21_SMA(Weekly) and 200_SMA(Daily) .
In previous posts , I warned you about the fall of Bitcoin , and I hope it was useful.
Bitcoin is currently approaching the Resistance zone($62,860-$62,110) and 21_SMA(Weekly) .
According to Elliott's wave theory ,...
As we mentioned before price is in this range zone which is blue channel and first we need valid breakout then BTC next major move will appear and for now bull plan has higher potential and we can expect this range zone and descending channel and bull market as short-term fall and soon after breaking channel resistance heavy pump is expected and new...
Go through the analysis carefully and do trade accordingly.
Anup 'BIAS for the day (01-10-2024)
Current price- 2655
"if Price stays below 2668, then next target is 2645 and 2635 and above that 2685".
-POSSIBILITY-1
Wait (as geopolitical situation are worsening )
-POSSIBILITY-2
Wait (as geopolitical situation are worsening)
Best of luck
Never risk more...
GOLD In-Depth Analysis
During the evening hours on October First The Israeli Broadcasting Authority (IBA) reported that Israel's security cabinet has decided to issue a strong response to the recent Iranian attack. On Tuesday night, Iran launched over 200 ballistic missiles and drone strikes on Israel.
This was one of the most difficult moments in my opinion...
Hello traders, I want share with you my opinion about Euro. Observing the chart, we can see that the price entered to wedge and at once started to decline to the support line from the resistance line. After this, the price turned around and made a strong impulse up to the resistance line of the wedge and then at once made a correction movement. Next, EUR continued...
The rise tend to be long, the drop tend to be short.
We are seeing a dynamic where the pull-back lasts for weeks or months, while the drop can be over in a matter of days.
After the March 2024 high, each pull-back for Solana would last between 20-30 days, while the drops can happen within 7-14 days.
The last major drop developed within a short 8 days timespan,...
GBPJPY price is breaking a credible resistance zone. If the price action is able to print a convincing Higher High, it may be a signal towards a proper Bullish breakout and a potential new ALL TIME HIGH may become more likely.
After the Bulls surf the potential wave till TP1, a probable opportunity may arise for the Bears in the form of a probable Harmonic...
🔸Hello guys, today let's review H8 price chart for eurusd. Previously
recommended buying low near 1.0650, TP hit +400 pips, congrats
if you followed. you can review original setup via link below.
🔸Range lows defined at 0650 , range highs set at 1050/1100.
This is the active trading range for EURUSD since early 2023 it's
well-defined and it's very unlikely that...
The 📈EURNZD chart on a 4-hour time frame formed an inverted head and shoulders pattern.
The neckline of the pattern was a horizontal resistance level that was broken yesterday, with a 4-hour candle closing above it, now act as support.
I anticipate an upward trend with a target of 1.7753.
Last time we looked into a such a long-term (multi-year) time-frame on the U.S. Dollar Index (DXY) was 10 months ago (December 15 2023, see chart below) where we gave the most optimal buy entry at the time:
We now take it to the 1M time-frame where the long-term trend gets more clear and the pattern as you can see is a Channel Up since the March 2008 bottom...
FX:USDJPY
USDJPY has changed the character of the price, now the price shows a strong sign of bullish momentum kicking in the market. We are yet to wait for the news which is coming out tomorrow. It might make a big impact the future trend of the USDJPY. Good luck
Forecasting a pullback to 50k, as i expect the out of the ordinary volume on 08/05/24- 15min, hourly, 4hr, & daily, to gravitate price back towards it; high volume candles are very likely to get backfilled due to orderbook instability- see yellow fib lines for source and measurement. This is not bearish. This is important for bitcoin to conquer this level as she...
The British pound fell sharply by 0.75% to $1.3169 on Thursday after Bank of England Governor Andrew Bailey hinted that interest rates could be cut more aggressively. That has prompted traders to bet that the Bank of England will cut rates again before the end of the year. As a result, EUR/GBP is up 0.7% and currently stands at 83.83 pence per euro. These market...
