Important supply and demand areas for next week are listed on the chart.
Over the past week, the dollar has been moving down all weekly, daily and H4 time frames. It is likely that the price will start to fall next week.
However, due to the fact that the price is entering the weekly demand level, it is possible for the price to return from this level, or the H4...
As we can see that from today's performance of GOLD which is likely to decline soon by making its high of the day at 1788.75, I believe that this decline will lead to back at initially 1695 if not sustain this level then further decline to 1672.
Lets see how this turns....
AUDUSD Short Idea
The monthly, weekly and 4 hour time frames are all bearish while the daily is bullish.
Although the daily is bullish we have seen significant resistance around our monthly level at 0.70000 and price action looks to be forming a head and shoulders pattern.
For the head and shoulder pattern to be confirmed we need to see a break of 0.68500
Monero, both technically and fundamentally, looks like a good asset to consider buying it.
Fundamentally: A hard fork is expected at the end of November (November 30). Monero is going to activate an update in its blockchain aimed at increasing the privacy of RandomX users (the new Proof of Work algorithm). The transition to the new RandomX algorithm is aimed...
the current trade war between the United States and China which has been shaping CHF bullish sentiment for quite,The trade war has had the net effect of slowing global economic growth, and in turn that slow economic growth is forcing the hand of central banks worldwide as they return to a much more monetary policy by lowering interest rates, and adding liquidity...
Hello dear traders.
as you can see a perfect bearish bat pattern is formed in daily timeframe.
not to mention that the prices has just retested the uptrend.
132.146 would be a good target(long-term support zone which concides with 38.2% fibbonacci level)
thanks for your visit.
What you see here is a developing bullish gartley formation.
Learn to catch these trades yourself, if you want I'd be happy to share information....
Dont forget to like the post and comment with ideas.
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Thank you for all the support !
EURCHF is currently consolidating near a major resistance zone. I'm looking forward to entering into a short trade after some confirmation. This trade should give a decent R:R once it meets the sell criteria.
The confirmation I'm looking for is 4-hour candle close below the 20 and 50 EMA. If the candle closed below the current support near 1.10339, that'd be an...
XAUUSD Made a retracement to to the downside giving an opportunity to go long.
Trend Continuation expected until the reach of Giant Cup and Handle Patterns Profits. (Watch my previous idea about XAUUSD for that pattern)
700 pips of Profit potential.
1.9 Reward/Risk Ratio.
Recent stock markets rallies are on the heels tariff optimism. Looking at the market increase and simply the low volume rally in stocks I cannot help but think to think and anticipate some stock market weakness. I'll take a short on USD/JPY to capitalize on this.
Yen will strengthen if stocks start seeing declines.
I like the USD/JPY short here at these levels...
Chart says it all. I don't care about capitulation candles. There are only two things that matter when measuring markets. Momentum + Psychology. To do this accurate we need to measure capitulation phases not candles.
The more we grind to the NE direction the more confident we will become the bottom is in. Still too early to tell, but the weekly and monthly...
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Also drop a comment and tell me where you think Alt Coin's + Bitcoin are headed in the short-term. Also are you bullish or bearish on the market fundamentals and why?
PS - Always feel free to...
Ripple (XRP) has seen a technical bounce off the oversold RSI with a 12% surge at time of writing. This successful turn of events has led XRP to be the #2 largest cryptocurrency by market cap...AGAIN.
Is this just a technical short term bounce or is there some larger at play here fundamentally?
Let's see what the chart says:
-First you can see XRP...