US GDP data for the first quarter of 2024 was lower than expected, increasing speculation that the Federal Reserve may reduce borrowing costs. However, inflation has risen sharply over the same period, which will delay the Fed's interest rate cuts. The U.S. Bureau of Economic Analysis reported on Thursday that U.S. gross domestic product (GDP) grew 1.6%...
BINANCE:DOGEUSDT reached the demand zone at 0.120. The market bounced off the support level and made a new high in March. The price has returned to this area. If the price stays above the key support at 0.12, most likely there is buying pressure. From the high price, the market made a -47% correction, which might be a good zone to consider buying. If it breaks...
This is a short-term outlook on the S&P500 (SPX) following yesterday's Fed Rate Decision. The short-term pattern on the 4H time-frame is a Channel Up and is giving us some important developments. Even though yesterday's attempt to stay above the 4H MA50 (blue trend-line) failed, the index managed to stay on the Channel Up bottom (Higher Lows trend-line) and is...
Bitcoin (BTCUSD) almost tested the Higher Lows trend-line that started on the October 12 2023 Low, which is technically the bottom of the 6-month Bullish Megaphone pattern. Having a notable Resistance on the 1D MA50 (red trend-line), which is where BTC last failed to make its bullish break-out, if this level holds, then we can expect a strong Bullish Leg such as...
Yesterday, the market responded news reports by rebounding from the support level. It formed a fake breakout of the previous week low. I think the OANDA:XAUUSD might pullback toward the round numeber at 2300 then move upward. Since we have another upcoming news today, there is a chance that the price may roll back. Basically, I expect the price to continue...
Morning guys, So it seems we've correctly reversed our position down from 62K area. Today we increase the scale a bit and take a look at daily chart. Indeed BTC has broken triangle down as we've suggested. But it is more important that it also has broken K-support level and only oversold stops the downside continuation. This makes us to consider next downside...
The market is updating the swing highs and higher lows. On the 4H timeframe, it's approaching the two resistance zones. The market usually tests the level, which is higher or lower. FX:AUDCAD broke and closed above the swap zone, and it broke the key level at 0.89500 because the price respected the level multiple times before. The market is ranging after an...
#REIUSDT UPDATE Hey dear traders hope you are enjoying trading and analysis with our team. we are here to discuss about REIUSDT Pennant formation in 12h Time frame Expecting massive Bullish wave in coming days 📈
As I mentioned yesterday, following the substantial decline observed on the last day of April, OANDA:XAUUSD could potentially rise and test the resistance zone around 2315. Indeed, Gold rose even further to the 2330 zone before beginning to decline once more. In my view, the medium-term trend for Gold has shifted to bearish, and I anticipate a new decline...
Dear friends and companions: My technical analysis is based on trend line and also smart money. A suitable point for sale with r/r=5 At the same time, there is a possibility of an increase in the American interest rate and the strength of the dollar. So I will only sell
Hello traders, we want to check the USDCHF chart. The price has reached the specified resistance level after an upward movement. We expect this level to stop the upward trend of the price and the price will fall to around 0.91000. Good luck.
Hello traders, we want to check the EURGBP chart. The price has reached a well-defined support level that it has reacted to several times in the past. We expect the price to grow to around 0.85600. Good luck.
#AXLUSDT UPDATE Hey dear traders hope you are enjoying trading and analysis with our team. we are here to discuss about AXLUSDT AXL making falling wedge. it has already breakout in 8h time frame Expecting 100%+ profit in coming days 🚀
#STEEMUSDT UPDATE Hey dear traders hope you are enjoying trading and analysis with our team. we are here to discuss about STEEMUSDT Pennant formation in 12h Time frame Expecting 67%profit📈
Hello,Traders! CRUDE OIL is going down But will soon hit a rising Support line from where We will be expecting A bullish move up Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!
#REIUSDT UPDATE Hey all friends and traders. Hope you are enjoying our analysis. we are here to analyze REI today. Pennant Formation in 4H time frame. Expecting 70%+ profit so far🚀
#VGXUSDT UPDATE Hey dear traders hope you are enjoying trading and analysis with our team. we are here to discuss about VGXUSDT Falling wedge formation in weekly time frame In the case of upside breakout Expecting 100%+ profit in coming days 📈
AUSTRALIAN DOLLAR ( OANDA:AUDUSD ) ANALYSIS - Australian inflation eases less than anticipated in March and Q1 as a whole - AUDUSD continues to benefit from the return to risk assets AUSTRALIAN INFLATION EASES LESS THAN ANTICIPATED IN Q1 Monthly, quarterly and yearly inflation measures showed disappointing progress towards the Reserve Bank of Australia’s...