FX:EURUSD is forming a false breakout. This may be the reason for the formation of correction in the short term. The market is also expecting news today, which is worth paying attention to.
We are interested in CDGO (MoM) today and the one that may affect the price in the short to medium term is Initial Jobless Claims. For the latter, analysts are expecting...
As We Talked in The Previous Analysis:
On Tuesday 7 November, The USOIL Price Broke The Support Level (79.72 - 77.64).
This Support Level Becomes a New Resistance Level.
Currently,
The Price pull back to important Resistance Line,
And Formed a Bearish Pin Bar 📉
-----------
TARGET: 75.60🎯
USDJPY Weekly Short Trade:
Bearish Bat completed
US 10 yr Yiled Reversed
NFP data is bad
Bearish Pin bar Formed
Therefore, Short USDJPY
TP1: 142.10
TP2: 136.40
TP3: 129.76
TP4: 116 (Long Term Target)
Cheers
DXCM had been essentially a range bound stock in the past 3 years, forming what is potentially a long term head & shoulders formation (bearish if break down). However, it looks like the odds of breaking down has diminished with a bullish monthly pin bar now forming after finding support at its 88.6% fib retracement (imperfect double bottom).
The stock is still...
Hi guys. Last week was again a week full off strong bullish momentum. Even the big resistance levels couldn't stop the massive bullrun. The market is overal more moving on fundamentals then technicals. The war going on is making the precious metal in big demand.
I adviced traders to be carefull with selling the market. Intraday/swingtraders having a hard time...
STRATEGY LONG TARGET 175USD YEN
The market thinks the Bank of Japan’s new governor is negative for the yen and a plus for stocks, at least based on his first policy board meeting.
In fact, the headline NFP print showed that the US economy added 253K new jobs in April against 179K anticipated, offsetting the downwardly revised reading of 165K. Adding to this,...
NZDUSD is forming a false breakout and reversal pattern. There is an opportunity for a decline to 0.59000
TA on high timeframe:
1) False breakout of global range resistance
2) The market considers liquidity in the area of 0.59600 as a target
TA on low timeframe:
1) A false breakdown in the "head and shoulders" format is formed
2) Price starts realization of...
GOLD has been rising since the opening. The reason is the conflict in the Middle East and the fundamental factors of last week.
Consolidation is forming and most likely the price may test the support before further growth.
TA on the timeframe:
1) The reason for the rise today is the geopolitical factor. And as we know, in all crisis situations there is a...
We had a rather treacherous 2.5 months of corrections since both SPX and NQ hit their peaks in July, resulting in a 50% and nearly 38% fib retracements respectively of both indices' major AB upswing in (Mar - Jul).
SPX breached its H&S neckline briefly before finding support near major support zone (comprising 200day MA, Horizontal support, VWAP, 50% fib...
FX:USDCAD is forming an impulse from the base of the ascending price channel. When breaking through the resistance mentioned earlier, we see active strengthening, which is also supported by the fundamental component
The TVC:DXY is in a bullish trend, as evidenced by the weekly chart on the left. The price is chasing a rise towards 107.5, which will make the...
Gold reaches the specified level and forms a false breakout attempt. A rebound may be formed. But there is a chance of a continuation of the fall from the level of 1825.
TA on the high timeframe:
1) Broken 0.5 fibo level. A strong fall is formed from the opening
2) The liquidity area that the price can test within the counter-trend correction is in the area of...
USDJPY continues to go to its target. The market is interested in the mark of 151.95. Against the background of a strong trend, we should look for either support levels and buy on the bounce, or resistance levels and buy on the breakout.
TA on the high timeframe:
1) Strong pattern on d1. V-turn pattern. Price is breaking through the base, which is a strong medium...
Gold is forming a strong decline. The price is breaking support levels without any particular reaction from the buyers. The decline is likely to continue until gold finds strong support
TA on the high timeframe:
1) The market is breaking the 0.5 fibo area and forming further momentum. One of the key support levels may be tested soon
2) An area of liquidity that...
OANDA:XAUUSD is in a strong distributive phase, the price is not even stopped by the 1885 level (liquids area). The price is updating the low amid negative fundamentals, as evidenced by strong weakness from buyers
On Wednesday, the market forms a paranormal candle, the closing of which suggests the continuation of the fall, the local level of 1875 and 1872.58...
Gold is reaching an important goal for us. We've been waiting for this. A test of the level of 1885.100 is being formed. On the background of distributive fall and strong sell-offs, a rebound may occur.
TA on the high timeframe:
1) A huge pool of liquidity is formed below the level of 1885, most likely, a false breakout should occur before the rebound
TA on the...
OANDA:XAUUSD is testing the upper boundary of the global descending resistance again at the end of last week. The retest occurs at the moment of strong news, but the key candlestick pattern is formed exactly at the moment of FED & FOMC speech, as a result of which the market determines the further prospect of strengthening the dollar and hence - the fall in the...
Gold is losing almost 1.5% amid sell-offs. Yesterday, before the FED speech, the market maker strengthened the price to 1947.3. The news was strong for the dollar and weak for gold, thus we see a strong sell-off and at the moment the price is at 1919.5.
Ta on the high timeframe:
1) False break of resistance at 1934
2) A strong candlestick pattern is formed for...
Gold on Friday forms a false breakdown of flat resistance (indicated on the chart). On Monday, the market forms a retest of the upper boundary and forms a false breakout again.
TA on the high timeframe:
1) The market is still continuing to form a bearish trend
2) A retest of the liquidity area forms a false breakout, indicating buyer weakness at the moment.
TA...
