Likely rally into 2023, spurred by downward trend in inflation. Likely 25bp hike at next meeting, then full stop to evaluate the damage (and give time for lagging economic data to catch up to policy changes). Unemployment will rise, possibly some deflation, and fed will cut rates towards the end of 2023 in response to negative economic data. This will cause a...
The metal still following the trend six months higher , CPI released negatively to dollar strenght , that will push the gold up and up , so will it be the golden year ?
The US try to low the inflation by rising the interest rate , So that will knockdown the US economy strength and push up the yellow metal .
Hello,Traders!
DAX has hit the key
Horizontal resistance
So a bearish pullback
Is to be expected with
The target being the
Local demand level below
Sell!
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✅VIX is going down currently
And the pair broke the key structure level
Which is now a resistance, and has made a pullback
And the retest, so I think the price will go lower now
SHORT🔥
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DESCRIPTION: In the chart above I have provided a macro analysis on what can be the potential path that price action will follow with current ongoing bearish momentum.
POINTS:
1. Price Action is in an overall downtrend channel.
2. Within this falling channel we have consolidation occurring with bearish trajectory as seen in the image to the top left in the top...
Hello all,
Here is my prediction for 2023-24
1. Bitcoin is going to capitulate one more time to find the REAL bottom before the next bull cycle. ~12,000
2. 2023 will be the year of accumulation.
3. The next Bull cycle top will be around 160,000.
4. The next cycle top will be sometime around April 2025
This is not financial advice and please do your due diligence...
Dear traders as you see in the chart the is a long opportunity that after a big drop was happened before we see the price it moving up and retest the resistance again the it will moving up again also as you see in daily chart their's a green engulfing candle up the resistance and up the ema line so if the price break red line the price well continue moving up...
Here we can the daily chart of "AVAXUSDT" it has a horizontal SUPPORT at "14.47" and a horizontal RESISTANCE at "20.57" . As we can see the candle already has taken breakout from the trendline with a high volume and if the candle retests the support zone then we can definetly look for a long opportunity from that zone and can expect a terget of "20.57"...
Hey Friends,
Thanks for all the love and support. Touchwood market is quite similar to our few previous predictions.
Levels for tomorrow -
Resistance -
42367
42450
42673
Support
42300
42200
42082 (if 42000 level breaks then market will test 41700 again)
41700
Thanks
Hello,Traders!
GBP-NZD will soon retest
A falling resistance line
Which makes me bearish biased
And I think we will see
A local move down
Sell!
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Can we use the past to predict the future?
Hello everyone, today I will answer the question: Can we use the past to predict the future?
Like many questions in finance, it is difficult to give a yes or no answer.
On the one hand, yes we can say that in practice and historically we can predict, or at least get a good approximation of the future of an asset by...
Short trade reaches a support level. A good point to go for a BUY.
However, U.S. Fed Chair Powell Speaks tonight. Keep an eye on it.
S1: 1868
S2: 1846
S3: 1825
R1: 1878
R2: 1917
R3: 2000
✅EUR_JPY went up to retest a horizontal resistance
Which makes me locally bearish biased
And I think that we will see a pullback
And a move down from the level
Towards the target below
SHORT🔥
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✅AUD_JPY is trading in a downtrend
Along the falling resistance line
Which makes me bearish biased
And the pair is about to retest the resistance
Thus, a pullback and a move down are expected
With the target of retesting the level below
SHORT🔥
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