The USA technology stocks index has experienced a significant increase, closing the session with a gain exceeding 2.25% compared to previous values. The day started with determination, opening at 15,252.4 points, slightly below the highs of the previous session. Throughout the day, quotations strengthened, culminating in a closing upswing at 15,529.1, near session...
The downward trend in gold prices persisted after the opening of the U.S. market, with XAU/USD holding near $1,940, marking a four-week low. Despite subdued demand for U.S. dollars, gold is set to conclude the week with significant losses. On the daily chart, there is a new attempt by bulls as the XAU/USD pair seeks to surpass the 23.6% Fibonacci retracement level...
The EUR/USD cross struggles to find a direction on Friday, oscillating in a narrow range just below 1.0700. US consumer confidence, according to the UoM index, fell below expectations, weakening to 60.4 in November from 63.8 in October. Wall Street operates in positive territory after Thursday's decline, influencing the demand for US dollars. The Relative Strength...
Hello Dear friends, In this gold analysis I have multiple areas of supply and demand which I'm waiting for. Currently price is at the supply level which reacted this morning and i took 60 pips profit. As long as the current area is not breached, short opportunities exist. In my last analysis I drew a demand area around 1957 which yesterday reaction happened and...
Hi guys! On the EURUSD, we must keep an eye on these zones for a potential entry opportunity. Trading is that simple; you don't really need to be certain about overall market direction, but you must only focus on the important price levels to catch entries while they happen. Good luck guys! Remain positive, because you are a winner!🙌🤸♂️😀
Have you seen a break of structure on Silver, an imbalance bullish candle then? It looks like here we have an example of a bear trap. I anticipate growth on Silver now to a falling trend line. ❤️Please, support my work with like, thank you!❤️
Sell limit set from order block where there is also imbalance from 0.87234. Break of structure has also happened. There is some liquidity to be filled before it triggers. Targetting lower orderblock that also has imbalance. All analysis on 1hr timeframe
Hi guys, Today I have BTC for you. Since last week btc has been trapped underneath a supply area and has not been able to break through it. In terms of short trades there is a supply area around 35607 level which could drive the price down should it get there. Then if you want to go long you have to wait for the price to get to the demand area at the bottom...
as we see our previous Bos successfully react to our psychology... Now i am looking for a next one if both fail then i'll look for upcoimg change of character..... note: this is not a signal
Hi Guys, I'm back with another analysis on gold. In my last idea I highlighted a supply area around 2002 and a demand area around 1979 which price reacted to both of them perfectly and ultimate result was a substantial profit. Now pretty much same levels reside on my chart and second reaction to these levels could be expected should price reach them. Today as the...
EURGBP formed a very bearish setup on last week: the price formed a huge rising wedge pattern and successfully violated its support on Friday. After the market opening, the price retested a broken support. We see a strong rejection from that I believe that the market will go lower. Next support - 0.8625 ❤️Please, support my work with like, thank you!❤️
Daily and weekly bias is still bearish. Price has now mitigated a discounted area for me to take sells. This area is confirmed with previous bearish break of structure completed because of an order block which left in efficiency with in the market because of how large the volume was the break it. Hope this is insightful. 4HR Chart:
The price of gold is consolidating just below the $2,000 level at the beginning of the week on Monday. This comes as the United States Dollar (USD) and US Treasury bond yields are attempting to find stability in a market environment that is inclined towards risk-friendly sentiment. Gold has faced challenges staying above the $2,000 threshold on multiple occasions...
On Friday, we witnessed a strong growth in the SP500 index, further bolstering its performance, with an increase of 0.94%. The day started with strength, opening 4,334.2 points above the previous session's highs, and quotations strengthened throughout the entire session. In fact, it has been an impressive week for the SP500, with the index rising by over 200...
Regarding yesterday's trading day: Checked progress for the American index, which closed up by 0.66%. The start of the day was quite promising for the index, marking an initial price at 33,988.8 points, staying above the peaks from November 2nd and continuing to rise during the session. Currently, the short-term outlook for the Dow Jones indicates a strong...
Take a look at that huge rising wedge pattern on EURGBP on a daily time frame. This week, the price formed a head and shoulders formation within its boundaries. Yesterday, the price formed an imbalance bearish candle and violated both the neckline of the pattern and the support of the wedge. It signifies a change of character on a pair and a highly probable...
Take a look at a price action on EURNZD. First, we saw a strong bearish wave on a daily. Then, the market became weak and the price started to coil within a narrow horizontal range. After a consolidation, a support of the range was broken. It is an important sign of strength of the sellers and signifies a local change of character. I believe that the pair...
Analysis of GBP/USD: The GBP/USD is on the rise towards the 1.2400 level to conclude a trading week that has seen the pair mostly fluctuate around the averages. After the US Nonfarm Payrolls (NFP) data came in well below expectations, the British Pound (GBP) has seen a 1.6% increase from Friday's opening bids near 1.2190, and the GBP/USD is up almost 2.5% from...