XMRUSDT is trading in bearish parallel channel. Currently the price is retracing at 50% fib level which is also the channel resistance and it seems like it will fall from this level.
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Hi traders! As I previously analyzed (You can see it in my profile), the price reached near the 31K. This resistance zone becomes a crucial one as for it coincides with the RSI satiation and mid line of the channel. If price can break below the KEY zone (shown in image), a further retracement down to TARGET shown in image is probable. Have a nice day!
GBPUSD is in enormous uptrend and respecting well the bullish channel. Currently the price is retracing to Fib golden ratio which is giving signal that bulls are getting ready for another leg up.
After the announcement about intended unchanged BOJ rate today, the Japanese yen fell dramatically. A retracement is possible since the market seems to experience an interesting resistance on the USDJPY chart. As per the arrow back to the 61.8% of the total move. __________________________ Information Regarding Important News and Figures can be found here in...
Yesterday the NAS100 underperformed with a great downward rapid movement. It is an apparent reversal after a long upward path. It is Friday and we are not expecting much activity after the NYSE opening, however it is expected that a retracement will take place after this reversal. As per the arrow, back to the 61.8 Fibo level....
AUDUSD is trading in bullish channel. it is also creating a bullish channel within the bigger channel. currently the price is retracing a bit( the fundamental reaction) but seems like it coming down to get fuel up for bullish trajectory.
GBPJPY is in bearish trend and recently retraced to fib golden ratio and now it seems like the pair is getting ready for another sell off.
NYSE:DE is trying to hold above to break out of its bull flag. This is one of the companies that a lot of investors would run to if there's a sector rotation out of tech. With a 1.19% dividend and potential growth ahead, you could see DE attempt to test the resistance around 418. Bullish Case - There is little to argue in favor of a bear case for this ticker...
In technical analysis, Fibonacci retracement levels indicate key areas where a stock may reverse or stall. Common ratios include 23.6%, 38.2%, and 50%, among others. Usually, these will occur between a high point and a low point for a security, designed to predict the future direction of its price movement
-Reached Daily chart MA200 support line -Reached 2nd support level at 137.923 -2 more weeks to FOMC meeting USD time to revenge against JPY?
The U.S. stock market is on the upside after a strong appreciation. The index moved rapidly upwards following the 1% reported drop in annual inflation for the U.S. the market participants expect obviously a revision in policy. Will hikes take place or not? The market does not think so, let's see. A retracement for today is possible before the uptrend...
GBPUSD pair has been experiencing high volatility today. The reversal started at 16:00, BOE Gov Bailey was speaking at 18:00. The GBP appreciated greatly and the GBPUSD ended up crossing the 30-period MA on its way up. Time to reverse possibly. As per the Fibo level and the arrow. Lets see. __________________________ Information Regarding Important News and...
PLUG on the 4H chart presents healthy price action. It uptrended for a month starting in mid-May and then completed a 50% Fibonacci retracement from which it pivoted on Tuesday, June 27th. The zero-lag MACD shows a classical cross of lines under the histogram while the histogram was changing from negative to positive. Likewise, the RSI bottomed out at 32...
Fibonacci Expansion is used to identify the potential retracement level at 61.8%. The pair is expected to fall after breaking the support levels providing more evidence of a further downward movement. __________________________ Information Regarding Important News and Figures can be found here in our Economic Calendar:...
Analysis: As we're clearly able to see price was in this downwards trend however we've recently broken out of that trend showing a market shift, indicating possible bullishness. Price tried to push higher over the last month but we've since seen price pullback to the area where price broke out of and we expect that this will be a key level which will hold as...
Looking for a trade in Germany 40. Ger40 fell hard today. Looking for a retracement then continue short on the downside.
NVIDIA is a renowned technology company known for its cutting-edge advancements in areas like artificial intelligence, gaming, and high-performance computing. With a strong track record of innovation and a leading position in its industry, NVIDIA has established itself as a standout company. Since October 2022, NVIDIA shares have been on an upward trajectory, and...