Good evening everyone! It seems that AUDUSD has completed its head and shoulders pattern on the daily time-frame. If price continues down (as the pattern suggests), then the next major support area is .6285 - .6270 followed by .6170 (not shown), which is also the measured H&S target. Enjoy the last trading day of the week and have a great weekend.
Hello,Traders! CAD-JPY was going up But has hit a horizontal Resistance of 111.111 From where I believe We will see a local Bearish correction Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
CHN50 - 24h expiry The bearish engulfing candle on the 4 hour chart is negative for sentiment. The primary trend remains bearish. Short term momentum is bearish. We look for losses to be extended today. A break of the recent low at 11356 should result in a further move lower. We look to Sell a break of 11345 (stop at 11465) Our profit targets will be 11045...
OANDA:XAUUSD closes Wednesday's session with a minimal range of motion. The market is getting tighter and tighter every day, volatility as well as volumes are decreasing. The calm before the storm. Today, at 13:30 Initial Jobless Claims are published, at this time the dollar in the correction phase is testing the consolidation area and in all likelihood may...
FX:EURUSD tested downtrend resistance earlier, bears are keeping the price down and forming a tight stance amid a strengthening TVC:DXY . On the high timeframe we see the current bearish trend, within which the price movement will continue until more favorable times. The target in the medium term may become the area of 1.06300 - 1.0450 On H4 we are...
BINANCE:BTCUSD is in the uptrend phase, actively and quite confidently holding back all negative news. The price is forming a retest of 43250, realizing price consolidation above the 50-day moving average. Pic: Uptrend. Price is testing the trend boundaries, but continues trading inside the range The market continues to form an uptrend since the formation...
Hello Everyone, We're observing robust resistance at the 1M mark of 17996.422 for NAS100, suggesting potential fluctuations ahead. However, it's crucial to note that the overall trend continues to favor bullish sentiment. TradeWithTheTrend3344
If a level gets tested enough, +EV it breaks eventually.
With the formation of the ending pattern, the price has hit the support range of the 0.87300. If the price is supported by this range, it is expected to break the ending pattern upwards and we will see an upward movement in this currency pair.
Hello Traders, welcome to today's analysis of Tesla. -------- Explanation of my video analysis: After Tesla broke out of a long term triangle formation in 2019 we saw a pump of +1.500% towards the upside. Tesla is currently once again forming a (bullish) triangle pattern but broke short term support towards the downside. If we see a retest of the bottom of...
TSM just popped into a double fib confluence.. Chip sector is very strong, so likely to continue. Looking for a little dip to add, or Break-n-Retest $ 133.65 - 133.79 is the exact zone up here. $ 177.02 - 119.18 will be first strong support. $ 142.82 - 143.91 will be next resistance above.
Hello Everyone, The S&P 500 is showing impressive performance with adjusted supports, indicating further potential for upside. We're approaching a significant monthly resistance point at 4998.266. It's noteworthy that we've recently reached another all-time high at 5003.22! TradeWithTheTrend3344
Nifty found rejection again from the same resistance zone described in Yesterday's idea linked to this message. Nifty Now rests near important support zone consisting of a trendline support, mid channel support and 200 hours EMA support the father line. All these are in the range between 21669 and 21600. Closing below 21600 has potential to awake the bears and...
Hello Everyone, Although LTC/USD has been advancing at a slower pace than anticipated, the overall forecast remains unchanged, maintaining a bullish outlook. TradeWithTheTrend3344
45,163 and 58 cents (on coinbase) is the next Genesis Fib. We have just left orbit of the "minor" sister fib at 42,789 Next at 45,163 is a "semi-major" ratio, so higher gravity. It is POSSIBLE that it rejects and ends the bull wave. It is PROBABLE that we orbit this fib for some time. It is PROMISED to cause a reaction with some clues.
Hello This is my perspective on EURNZD as per my analysis supply and demand
Hello This is my perspective on EURNZD as per my analysis supply and demand
Monthly Support Eyed Recent trading has seen the price of natural gas futures refresh multi-year lows at 1.927 USD/MMBtu. Since November 2023, we have seen natural gas trade lower by nearly -50% and demonstrate scope to reach support at 1.615 USD/MMBtu, a level that boasts historical significance as far back as 1999! Given this, there is room for further...