Hello traders! OANDA:XAUUSD The bulls seem to be holding firm in the market, with an ascending triangle forming. The uptrend could continue with a break of $2,330. As I mentioned: An ascending triangle is forming, price is compressed at $2330, however price is quickly breaking out towards a likely target where bears are holding $2335 - $2340, In the current...
BTCUSD Trading Strategy: BTCUSD risks are still tilted to the downside. A Descending Price Channel started to appear on D1, which usually determines our short-term outlook. It seems advisable for investors to consider strategies of selling for profits rather than buying at this time, until the designated support level is reached. From the D1 chart, BTCUSD is...
Hello everyone, let's discuss and strategize our new day! As James mentioned in the previous analysis, the price has rebounded but remains limited below the 1.0727 resistance level with the bullish bias amid a weaker looking US dollar. However, overcoming the 1.0730 resistance clearly remains the challenge and the target. On impact news: Looking ahead,...
Hello friends! Just as I predicted yesterday, the bearish momentum of the BTCUSDT coin is still maintained as it forms a head and shoulders pattern on H1, in a potential bearish channel. It is currently trading at $63,087 marking a drop of 1.09% on the day. Overall, in the current context, both fundamental and technical are signaling a downtrend, we are waiting...
Hi everybody! Breakout from the price increase channel has caused the product to drop in price impressively. It is currently trading at $143.63 and appears to be outpacing the bears entering the market as it not only successfully defended the breakout resistance but also sent the price plummeting 1.06% year to date. in. Overall, the bullish structure is under...
Dear friends! In general, since gold took profit at 2418 USD, the price has dropped sharply, this is carefully observed on the daily time frame, clearly built by 3 strong bearish candles at one point reaching 2291 USD! However, the price quickly bought back this decrease to reach the 2338 USD mark. On the contrary, for this growth momentum, I am expecting and...
Welcome investors! Let's analyze the gold market situation after notable fluctuations in recent days. April 25 witnessed a sell-off of stocks globally, leading to US and European stock indexes sinking deeply into the red. This prompted many investors to redirect their investment capital to precious metals such as gold, causing gold prices to skyrocket that...
Hello dear traders! Overall, the downtrend of SHIBUSDT continues to develop, the support level on the rising price channel cannot make this coin turn around, but the downtrend continues to develop. The bullish structure is under threat, the market is having a sharp sell-off. Expecting continued selling following the market trend, I expect the 5 Elliott waves to...
Greetings, marvelous companions! The EUR/USD currency pair sustained its upward trajectory, following a positive closure on Thursday and reaching its highest point since April 11 at approximately 1.0750. While the short-term technical analysis indicates potential overbought conditions, the improving sentiment towards risk may assist in propelling the pair higher...
Hello dear traders! The global trend is bullish, the local trend is bearish. The fundamentals are neutral (for now). Overall, the adjustment period is not over yet. In this scenario, there is a high possibility that the price will test the channel's support and form an uptrend. In the scenario mentioned above we want to mention the breaking of the descending...
Hello dear traders! Overall, BTCUSDT continues to stabilize below the $65,000 resistance level without too much movement compared to yesterday's trading session. At the same time, a cup-with-handle pattern is gradually forming on the 1-hour chart, indicates that a short-term correction is imminent, expanding the reach of short-selling investors into this...
Hi everybody! Recently, gold continues to maintain positive growth momentum in maintaining the 2300 USD level. Gold's rally is driven by many fundamental factors, including after US GDP figures for the first quarter of 2024 missed estimates, increasing speculation that the Fed could reduce borrowing costs. It is expected that in the coming time, the uptrend will...
Ralph Benjamin greets everyone! Currently, the price of gold is struggling to attract any meaningful buyers in the context of purchasing new USD. Betting that the Fed will maintain higher interest rates for a longer period of time in the face of challenging inflation will help revive the demand for USD, thereby allowing short sellers to expect some selling waves...
Hey Traders, in today's trading session we are monitoring NAS100 for a selling opportunity around 17900 zone, NZDUSD was trading in an uptrend and successfully managed to break it out. currently is in a correction phase in which it is approaching the retrace area at 17900 support and resistance area. Trade safe, Joe.
Dear friends! These are RalphBenjamin's insights about the market at this time, let's discuss! On the weekly timeframe, the uptrend remains positive allowing long-term speculators to continue holding their positions. However, the resistance level at 2,400 USD continued to hold last week mainly because the demand for safe haven due to concerns about escalating...
Greetings Traders! In this video, I'll provide a comprehensive analysis of the DXY and GBPUSD, offering insights into what to anticipate in tomorrow's trading session. We've reached a crucial juncture on both the DXY and GBPUSD charts, so what lies ahead? Stay tuned for valuable insights, and feel free to leave any questions in the comment section below. Kind...
Overall, the downtrend of GBPUSD continues mainly due to the strengthening of the British pound amid a weakening dollar index. On H4, the price is approaching a strong breakout resistance zone. This zone has many confirmations, showing that this zone is very important for traders. The correction may end at the nearest strong level and there is a high possibility...
Hi everybody! FX:EURUSD Thus, in general, after a long period of decline in EURUSD, it has recovered again supported by the strong weakening of the USD. The uptrend could resume with a break of 1.0727. It can be seen that on almost every timeframe EURUSD is showing a positive outlook, so we can expect a breakout scenario at this time. Talking about a...