Trading activities witnessed the impact of Britain's cooling inflation on the pound's performance against the dollar. This is the pound's biggest one-day fall since March, coinciding with a plunge in British government bond yields as inflation slows to 7.9% in June. As the prospect of a sustained rise in the Bank of England base rate diminishes, traders are now...
TSLA on the weekly chart appears to be in a widening and ascending channel somewhat suggestive of a megaphone. At the same time it is below heavy resistance at 360 which is the same level as two standard deviations above the mean VWAP line anchored back to November 2021. The resistance zone is the highs of November 2021 and late March / early April 2022. ...
Recently, a report posted on the Social Science Research Network found that 186 banks in the United States are at risk of failure or collapse due to rising interest rates and a high proportion of uninsured deposits.Jun 14, 2023 BNKD, the banking bearish and leveraged ETF has dropped in trend down in the past month albeit with some upgoing corrections...
Join us on this captivating journey as we explore the latest developments in the world of gold trading. Brace yourself for a thrilling episode filled with exciting twists and turns! XAUUSD Fundamental Analysis: The Gold price experienced a substantial surge in the wake of the recent US inflation data release. With the dollar lingering near 15-month lows and...
Currently, the GBPUSD appears to be in a bullish consolidation phase, trading just below a 15-month peak. Thursday and Friday's trading sessions witnessed the pair oscillating within a narrow range, highlighting the prevailing indecision in the market. As trading activities remain at their highest levels since April 2022, we question whether the bulls are losing...
In the previous week, we witnessed a remarkable 4.6% surge in the Japanese yen, propelling it to a two-month high against the greenback. However, as Friday's trading session unfolded, the U.S. dollar began to edge higher, with traders factoring in the potential end of the Federal Reserve's rate hike cycle amid easing inflation. Softer-than-expected U.S. inflation...
USDCHF Entry point :- 0.86267 Stop lose :- 0.85603 Target 1 :- 0.86930 Target 2 :- 0.87600 Target 3 :- 0.88260 Target 4 :- 0.88920 target 5 :- 0.89590
NASDAQ is been on huge bullish momentum, and finally completed bearish bat pattern (harmonics). Will the harmonics play its role ? will the bears awake and attack on this reversal pattern ? Share your opinion as well.
Mara is finding it's bottom and a pivot point that decide its short term fate. Still trading in the wedge it's in close resemblance to Bitcoin. The drop from the run up was expected not all stocks go straight up I still think MARA is in a great position for a run up.
FSR on the one hour chart completed a trend down from Wed June 23 to Tues June 27 and appears to have reversed. FSR has gained about 12% in 3 days on the bounce. The following are signs of bullish momentum: 1. Price is supported by an ascending linear regression line with a period of 50 2. The MACD lines crossed over the horizontal zero line on...
Weekly Chart On the chart, easily to spot Strong Resistance around $0.33 and price is moving up to that level after reject bottom at $0.15 Chart 4H TF BINANCE:WOOUSDT is happening a reversal pattern Head Shoulders Wait and see next move
Gold clings firmly to its coveted $1,900 handle! The stage is set for an intriguing turn of events, especially in the wake of a milder-than-anticipated U.S. jobs report for June. This unexpected twist suggests a potential dampening of the Federal Reserve's hawkish stance as its policymakers prepare for their upcoming rate review in three weeks. In the face of...
In the previous week, the growth of the Pound Sterling unfolded before our eyes, defying the weight of higher interest rates imposed by the Bank of England (BoE) on households in the United Kingdom. Despite this burden, prices surged and fearlessly tested the psychological resistance level of 1.28500 for the third consecutive week. Furthermore, the Pound...
Daily Chart Polka Dot ( BINANCE:DOTUSDT ) has weaken and show that on the chart. A famous reversal pattern being create on daily timeframe. Now, DOT/USDT is trading at $5.12 We need to wait a confirmation when price breakdown neckline or price will breakout the right shoulder to continue go up. That's 2 scenarios for this case Wait and see next move
FRGE hin the past couple of trading days has had a 20% pullback consistent with a 50% Fib retracement of the prior trend up which occurred over 2 weeks. Bullish divergence on the two time frame RSI indicator where the lower TF RSI bounced up from the 20 level in oversold territory suggests a reversal is impending. So does the mass index indicator with a value...
Reversal Pattern for SEA Limited. When neckline break expected target is ~$130.
As shown on the 1H chart, GOEV printed a head and shoulder pattern June 16 to 19 and then trended down consistent with that pattern. The trend was supported by the 2nd VWAP line under the mean in a VWAP anchored at the beginning of the descent. H & S. The volume volume profile shows that trading volume is distributed widely across a big range of...
RNDR is one of the better performing alts of 2023, hence my patience for the token to look for optimal reversal points. As of today, RNDR has successfully confirmed a potential reversal from the bottom support. This trade is based on the idea that the bottom is in and that the price will reverse back towards the top of the channel. Target at 3.50, or the top...