Update for AUDUSD:
after a correctional bullish movement, I see the signs
of strength of the sellers on an hourly time frame:
the price formed a descending triangle formation
and broke its neckline.
I expect a bearish movement to 0.6417 / 0.6405
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Trade setup : Trends are mixed. Price had a bearish breakout from a Channel Up pattern and below 200-day moving average.
Swing Traders: Near term, price is oversold (RSI ~ 30) near $80 support, which means that it could bounce up to $98 for a +20% gain.
Trend Traders: Price needs to break back above 200-day MA (~$98) to resume its uptrend.
Pattern : Price was...
Attention Traders,
In today's trading session, our attention is on CADJPY, with our focus directed towards a potential selling opportunity around the 112.400 zone. CADJPY is nearing a significant resistance line, marking the 112.400 supply zone.
Adding depth to our analysis, it's imperative to consider the fundamental landscape. The escalation of tensions in the...
NEAR Analysis and Signal on 1H
🔵Entry Zone 5.768 - 5.968
🔴SL 6.319
🟢TP1 5.429
🟢TP2 5.066
🟢TP3 4.791
Risk Warning
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WAVES Analysis and Signal on 1H
🔵Entry Zone 2.775 - 2.704
🔴SL 2.8476
🟢TP1 2.4381
🟢TP2 2.2886
🟢TP3 2.1406
Risk Warning
Trading Forex, CFDs, Crypto, Futures, and Stocks involve a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results.
If you liked our ideas, please support us with your...
The current market conditions suggest a favorable buying opportunity in MOTHERSON SUMI , presenting astute investors with the possibility of capitalizing on potential gains.
Reasons are listed below :
Following rigorous testing at the 98 levels, the resistance has shown signs of weakening, heightening the likelihood of an imminent breakthrough.
Stock is in...
In light of the recent downturn in ASML sales, it's prudent to assess potential implications for the stock's trajectory. ASML faces lower than expected orders in Q1 amid industry downturn. CEO Peter Wennink remains optimistic about sector recovery in 2024. Orders dip to €3.6 billion, revenue at €5.3 billion. Our initial target lies at 826.1, where we anticipate a...
Price hit the first target of 2390 and pushed to give indication that it wants to continue higher. It’s busy correcting now and if 2362 area holds, we can see a continuation to the upside.
Buys valid above 2390
Trade setup : Trends are mixed. After a bearish breakout from Channel Up pattern, price has pulled back below 200-day moving average (~$9.30), which could signal a bearish trend reversal to downtrend. However, price is now oversold (RSI < 30) just as it nears $8.00 support and could bounce up near-term. Swing traders: this could be an attractive swing trade entry...
Hello dear traders! Let's discuss and strategize for the new day with me!
Overall, SOLUSDT which experienced significant volatility yesterday continued to decline significantly for a third day, trading around the price of $132.50, down 4.45% at the time of writing. The downtrend is very strong as it is stable on the 1D chart.
Two key support levels at 170.00 and...
Attention Traders,
In today's trading session, our focus is on USOIL, with our sights set on a potential buying opportunity around the 84.70 zone. USOIL has recently broken out of a downtrend and is currently in a correction phase, approaching the critical support and resistance zone at 84.70.
Adding depth to our analysis, it's essential to consider the...
Attention Traders,
In today's trading session, our focus is on USDCHF, where we're eyeing a potential buying opportunity around the 0.90800 zone. USDCHF maintains an upward trajectory, presently undergoing a correction phase as it approaches the pivotal support and resistance area at 0.90800.
Adding depth to our analysis, let's incorporate the fundamental...
Hello dear friends! Let's review and strategize with me today!
According to Kitco, the world gold price recorded today is around 2,380.95 USD/ounce. Today's gold price is 37.66 USD/ounce different from yesterday's gold price.
Safe-haven demand due to concerns about escalating tensions in the Middle East continued to provide a boost to the yellow metal in the...
Hello dear traders! Join me in discussing and strategizing for the new day!
Currently, USD/JPY is at a multi-decade high of 154.00 during the European session on Monday. The Japanese Yen continues to be weakened by the BoJ's uncertain outlook on future interest rate increases. Concerns about intervention and persistent geopolitical tensions could help limit...
Traders,
In today's trading session, our focus lies on AUDCAD, with our sights set on a potential selling opportunity around the 0.88800 zone. AUDCAD is currently entrenched in a downtrend, undergoing a correction phase as it nears the crucial support and resistance area at 0.88800.
Adding depth to our analysis, it's essential to consider the broader market...
Hello dear traders, let's discuss and plan a new day's strategy with me!
Overall, GBP/USD recovered early Monday and rose above 1.2450 after falling to its lowest since November of 1.2426 before the weekend. The technical outlook suggests the bearish bias remains intact but de-escalation in geopolitical tensions could help the pair prolong its...
Hello warriors! Please join me in discussing and strategizing for the new day!
SOLUSDT continues to form a correction during the recovery phase again, receiving support at 130.85. However, overcoming the broken support level around 167.00 is still a challenge and a target.
If the bulls cannot muster enough strength to overcome this support, the bears could sink...
BTCUSD struggled with strong selling pressure from short-selling investors, causing the price to plummet to $65,300 at the beginning of the trading week. This downtrend resumed after key support levels were broken.
According to technical analysis, the downward trend is likely to continue due to the appearance of a triple top pattern on the chart. If this...
