On the daily timeframe we have a sideways market. The bearish vector 5-6 has been played out. After the price interacts with the level of 3200 and the buyer’s strength shows, we can consider long positions with a target of 3722.
The Euro is predicted to encounter resistance levels early at its highest point of 1.0981, followed by 1.0936. However, looking at the chart, it is observed that the EMA 34 has crossed below the EMA 89, indicating a downward trend in the Euro and the likelihood of breaking through the support zone at 1.08031 and heading straight downward.
From a technical standpoint, the price of gold has experienced a period of stability and upward movement over the past two weeks. This indicates that the price oscillation range is still holding within the area of resistance turned support, with prospects for a breakout to the upside. On the other hand, recent downward adjustments have found support around the...
Hello everyone, let's discuss and strategize for the new day with me! Just as I predicted yesterday, BTCUSDT experienced a strong price drop with the wave of DOW theory. It is currently range-bound after yesterday's sharp decline around 68,500- 62,000. Notably, the mentioned resistance at $68,500 is playing an important role in finding their new direction. It...
EUR/USD is steadfastly guarding the 1.0800 level during the European trading session on Friday. The pair remains stable amid a weakening US Dollar and optimistic sentiment, awaiting the Eurozone's leading inflation data for new directional momentum. On the chart, the pair is undergoing a retracement phase, showing a modest increase but still under the control of...
Hello everyone, the GBP/USD pair has extended its upward momentum, trading below the psychological barrier of 1.2700 during the early Asian session on Tuesday. The FOMC minutes revealed that the Fed has reemphasized its data-driven approach, leading to a more dovish outlook, which weighed on the US Dollar (USD) and provided favorable winds for this currency...
Today, gold prices continued to fluctuate below the resistance level of $2032, finding support at $2020. The decline in global gold prices comes amid a strong rally in U.S. stocks, leading to a shift in some investments from gold to equities. This transition puts downward pressure on gold prices. Moreover, the U.S. reported fewer weekly unemployment claims than...
During the early hours of Wednesday's trading session, the USD/JPY pair delicately dipped below the pivotal psychological support level of 150.00, mirroring investors' cautious sentiment. This occurred as the US Dollar Index (DXY) further slid to 104.00, amplifying the downward pressure on the dollar. A technical analysis reveals a slight downward trend for...
"Hello BTCUSDT Traders, Today, Bitcoin is carving out a resistance level at the $52,000 USD/BTC mark amid the latest U.S. macroeconomic data falling short of expectations. According to analyses from TradingView, BTC's price action has stagnated during the last week's trading session and into the start of this week, showcasing a sideways movement. For this week,...
Hello dear friends, what do you think about BTCUSDT! Today continues to be a peaceful day for BTC as it still moves with a sideways trend and seems unchanged in price compared to yesterday. It is currently accumulating around nearly 43,000 USD to prepare for a new breakthrough. Any break of support or resistance could accelerate a new trend for BTCUSDT. And...
Hello dear friends! The price of gold has decreased by nearly 15 USD since the last closing of trading, marking a 0.74% decline for the day. Currently, this precious metal is in a state of uncertainty as investors try to predict the next move of the Federal Reserve. For short-term trades, gold still leans towards a price decrease, based on the reversal signals...
Hello dear friends ! Gold price today is trading around 2040 USD and has not changed much compared to yesterday. Up to now, the main trend of gold is still down with sideways in the short and medium term with resistance level 2050 USD and support level 2030 USD. At the end of the day when non-farm payrolls are announced, gold is likely to fluctuate more quickly...
USOIL-USD is moving sideways in a non-trending market. In this technical analysis , two trade plans are suggested in case of bullish or bearish movement of this commodity instrument over one hour time frame. Both Long and Short Trade plans are generated from the various Support and Resistance Levels of USOIL-USD pair.
This week the oil price is moving in the range of $82.50-$87.00, and we need a break above or below for a potential future trend. By setting the Fibonacci on the chart, we see that the oil price movement is between 38.2% and 61.8% of the level.
I think the dollar will go out of range this week The blue range is from last week There are three lower ranges and two higher ranges which one ????
A Bearish Gartley Pattern set up on the range bar chart could be a great trading idea when the market is chopping on the 1-hourly chart. With that said, you need to know at which point is safer to engage, because you don't want to get whipsaw and got stop out.
Cadchf is still moving sideways so doing a relaxed strategy is best where to buy low and sell high. this will continue. for now there is quite interesting potential buying area 0.7207 - 0.7232 selling area 0.728- 0.73
I think Matic needs a little rest and it's hard to keep up. Polygon's next move is related to BTC: If Bitcoin does not breash, I'm almost certain that we will see new ATHs, and that will be exciting :)