It is indeed an important development as not only did it break above this key MA for the first time since May 12, but Bitcoin is also at the highest price level it's been since May 26. What I am interested at on this idea is to know which pattern you think the price will follow (since the Channel Down displayed in dashed lines was invalidated with this break-out)...
SILVER
- Classic bearish formation
- Our team expects retracement
SUGGESTED TRADE:
Swing Trade
Short SILVER
Entry - 27.878
Stop Loss - 28.518
Take Profit - 26.918
Our Risk - 1%
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USDCHF
- Classic bearish setup
- Our team expects bearish continuation
SUGGESTED TRADE:
Swing Trade
Sell USDCHF
Entry Level - 0.90004
Stop Loss - 0.90435
Take Profit - 0.89356
Our Risk - 1%
Start protection of your profits from higher levels
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Gold is consolidating above the support zone, there is potential for a long move, which is what I expect. My goal for the near future is the zone of resistance. Level - 1892.0
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Gold investors are looking forward to 2 key developments this week: The (fundamental) Fed Interest Rate Decision on Wednesday and the (technical) Golden Cross on the 1D time-frame, which may either be formed on Friday or by next Tuesday.
With the latest news from the Fed's side pointing to no change in their economic outlook over inflation, maintaining their...
So. It is too early to talk about a trend change, since there is no break, if after the end of the correction there is a bearish downward impulse, then yes. Now, after testing the support, gold has pushed up and I expect growth to the resistance of 1893.
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ECB head K. Lagarde said in an interview with Politico that it is too early to discuss the end of the bond-buying program within the framework of the PEPP anti-crisis program.
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The price is correcting, the instrument is in the infected zone, a strong downward movement will be after exiting it. I expect a fall to the support zone. Target - 1.195
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Analysis on #USDJPY
Possible bearish harmonic bat pattern near strong supply zone we might find some bearish reaction at this level which give me higher probability for a sell trade.
Check today analysis below⠀
>>“In Trading Losses Are the...
Yesterday gold made a false breakout along the strong support trend.
There has not been a break in the trend yet.
I expect the instrument to rise to the resistance of 1874. and a further continuation of the movement to the channel border.
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Copper prices fell on Tuesday, as increasing inventories in global exchanges and worries about possible governmental price control measures in top consumer China weighed on sentiment, despite data showing solid copper imports in the first quarter.
Three-month copper on the London Metal Exchange fell 0.1% to $8,856.50 a tonne by 0706 GMT , while the most-traded...
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The currency pair got into a tight consolidation right before the resistance level of 1.4244.
The trend is upward, I don't see any prerequisites for scrapping the movement.
Clear boundaries of the price channel.
Big goals that are clearly of interest to big players are ahead.
I expect further growth in the breakdown of the level 1.4244 and movement to the...
Dow Jones is trading within a wide Channel Up on the 1D time-frame since the November U.S. elections break-out. Applying the Fibonacci Channel levels really gives this a better perspective.
Yesterday the price hit the 1D MA50 (blue trend-line). As you see every contact within the 1D MA50 since January has been a buy opportunity. So far even when the 1D MA50...
Do you remember the analysis from last week on GBPJPY?
Now we have a breakout!
There is a higher low and now a higher high.
We expect that the upside move should continue and we should see price at 156,07!
So. The currency pair has stopped from the place where two support levels intersect. The global uptrend has not changed. False breakout at 1.224 was most likely a trap for market makers, broke through, consolidated above the level and went back. Now the price, having dropped below some of the local key points, has captured liquidity for a possible upward movement....
