H4 - Bearish trend pattern. Currently it looks like a correction is happening. Until the two strong resistance zones hold my short term view remains bearish here.
All technical indicators indicate that BIL will once again reach double digits this year. BIL reached an all-time high of LKR 19.2 in the December 2021 bull run, only to later retrace by 80% to LKR 3.9 in April 2022. BIL appears to have consolidated between LKR 8.2 (0.618 Fib Retracement) and LKR 5.2 (0.786 Fib Retracement) in the subsequent 24 months. EMA -...
Out buyside target from yesterdays related analysis, ESM2024 5121, got in fact hit overnight :)
Price at 0.59400 resistance level showing some weakness Inflation declining in NZ. Inflation rising again in the US Better GDP and employment data in the US compared to NZ 10 years bond yield spreads in a downtrend COT report showing 62% of Non-Commercial positions are short for NZD
Buyside at 5095 has been taken. If we do not drop hard from here and the candles body on the 1h closes above 5102, we think that the next upside target will be 5021 in ESM2024.
Trade Idea: Long NZD/USD Analysis Overview: In this trade idea, we are anticipating a bullish reversal in the NZD/USD currency pair based on a confluence of technical factors observed on the 4-hour chart. Technical Rationale: 1. Bearish Trend Reversal: Recent price action indicates a prevailing bearish trend in the NZD/USD pair. 2. Liquidity Sweep: A...
EURJPY is currently experiencing a robust uptrend. Following a recent high, the market has been trading in a wide horizontal range. A bullish breakout above the range's resistance could indicate a continuation of the upward trend, potentially leading to price levels around 166.00 / 166.50.
GBPAUD has reached the resistance level. The chart has been growing for a long time without pullbacks. We think that there will be a price pullback to the 38% retracement level. ------------------- Share your opinion in the comments, and support the idea with a like. Thanks for your support!
NMDC formed a head and shoulder pattern on daily chart. Price is about to breakout but please wait for clear breakout with strong close before you enter. When forming the head price was falling heavily but not with much volume. This indicates sellers are not willing to sell at these lower price. Stop loss can be held just below right shoulder with a risk reward of...
GBPJPY is moving in an ascending channel. The chart reacted to the last 3 touches of the support level with an immediate rebound. The support level is between 50% and 62% retracement levels. We expect a rebound after a retest of the lower boundary of the channel. ------------------- Share your opinion in the comments and support the idea with like. Thanks...
EURGBP has returned to the ascending channel. The AB=CD pattern has worked out a reversal of the movement. The chart reached the resistance level. We think that the price may correct to the support, which coincides with the 38.2% retracement level. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
USDJPY is moving in an ascending channel near the resistance level. The volatility of the chart movement has decreased. The price has formed locally a small double top pattern. We think that the pair will correct from the resistance. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
Chfjpy is currently stalling at 169.718 region at which if we see chfjpy breach 169.293 and we see a pull back to the key level on the chart, i see chfjpy dropping.
Hello traders, we want to check the EURGBP chart. After breaking the channel and a strong upward movement, the price is making a correction to a key level. We expect this level to play the role of a support level and the price will maintain its upward trend and grow to around 0.86400. Good luck.
USDCAD tested an intraday horizontal support. After its test, the price formed an inverted h&s pattern on an hourly time frame, and broke its neckline. We can expect a pullback now, at least to 1.36845 ❤️Please, support my work with like, thank you!❤️
Altcoin temporarily halted its decline as BTC began to rebound, but many tokens are still below their prices half a month ago. Among all tokens, we discovered an interesting phenomenon. As a meme coin, DOGE's performance in April was stronger than most other tokens, close to BTC. As we all know, meme coin is not supported by the any protocols, but more by the...
Hello to all our subscribers. Please share your personal opinions in the comments. We kindly ask for your support through likes and subscriptions. Amidst the situation where the Japanese authorities are refraining from market intervention, there is a growing expectation that the timing of the US interest rate cut will be delayed, despite the resilience of the US...
FX:XAUUSD is entering the correction phase. Earlier, based on technical and candlestick nuances on D1, I warned about the approaching decline. Gold is eliminating buyers and apparently heading towards 2267, 2228. April 19 idea: The market is getting ready to turn around, collecting liquidity from buyers On H1 the price is forming a bearish momentum, since...