Please see our updated 1h chart levels and targets for the coming week.
We have been safely riding the move up last 2 week from dips and then tracking the movement down last week.
We are now seeing price test a weighted support structure 2001 - 1990 with a immediate bullish target open at 2012 and a retracement range target at 1990
This is an update on our weekly chart idea that we have been tracking and trading for a number of months now. We had a smashing few weeks hitting all our Bullish targets all the way upto 2137 inline with the channel half line.
We failed to see the half line break or a break above 2137 with ema5 and therefore price rejected here for a drop into...
This is our monthly chart long term projection chart. We have been tracking this chart since July and now completed this chart idea hitting all our targets perfectly with a perfect finish on the channel top. - BOOOOOM!!!!
We are now seeing the rejection from the channel top into the monthly chart detachment highlighted by the circle with room still...
Please see our updated 4h chart levels and targets for the coming week.
We have been safely riding the move up last 2 week from dips and then tracking the movement down last week similar to our 1H chart idea.
We are now seeing price test support above 1999 Goldturn with a immediate bullish target open at 2014 and Bearish targets at 1999 and a...
With the first trade working out on the USDJPY with the move from resistance of the top of the channel to the bottom with bearish RSI divergence its now setting up for another move to the downside with a break of the upward channel. For the second trade I am now looking for a retest of the break, there is some very good support with two trendlines converging...
Hello traders what do you think about euousd)?
traders euousd breakout trade line support levels Rsl retet To lower high Rsl now waiting for retest same Rsl? Now see I will down 👇 support levels ✅
Key levels 1.07948
Key levels 1.06500
Key levels 1.05500
💵 steady, euro soft as traders wager rate cuts to begin in Q1
Dec 6, 202314:19 GMT+5
The dollar held...
A note from Bank of America's strategy department about the Fed follows
The market was ahead of expectations of 5 interest rate cuts next year from the Federal Open Market Committee (FOMC) and even more (6) from the European Central Bank. BoA believes that expectations need to be tempered due to:
Core inflation remains high
And inflation risks are higher in...
We are considering two scenarios for the SOL/USDT pair.
After reaching the $68 level, the asset's price dropped to $51.08. At this point, there was a successful test of a strong inclined support level, followed by a confident rebound. Currently, due to the decline, an inclined resistance level has formed.
First Scenario: Upon the third approach to the...
UBS comments ahead of the December 12th and 13th FOMC meeting:
The Summary Economic Outlook (SEP), released at the same time as the December policy statement, says there will likely be at least one, and more likely two, rate cuts in 2024. .
While the market is happy with the FOMC's rate cuts, UBS expects the committee to be a little more cautious.
The bearish continuation from Friday followed through today with price heading straight into the highlighted retracement range. This weighted level gave the 40 pip bounce as suggested. Even against the trend our levels provide the bounce from the weighted levels, allowing us to track and trade the movement with or against the trend.
Ema5 broke the...
Dollar steadies, eyes on US inflation data and Fed meeting
The US dollar steadied early Monday, with US inflation data and the Federal Reserve's final policy meeting of the year likely to set the tone for this week
Data released last Friday showed that US job growth accelerated in November and the unemployment rate fell to 3.7%, highlighting the resilience of the...
American Airlines Stock (AAL) Technical Analysis - December 8, 2023
Disclaimer: This analysis is for educational purposes only and should not be considered financial advice. Please consult with a licensed financial advisor before making any investment decisions.
Chart: Three-month graphic
Current Price: $13.76
Moving Averages (MA):
A piptastic finish to the week for us hitting all our Bullish targets!!!
We the saw price drop down for a correction clearing all our bearish targets and yet respecting our weighted level supports for 30 to 40 pip bounce as suggested all week.
Our swing range weighted level did exactly what it says on the tin, with the perfect swing to 2032, as...
After completing our 1H chart idea, please now review our 4H chart idea, which also played out perfectly hitting all our Bullish Targets followed with the bearish targets and then to finish off our 4H swing range gave the perfect swing allowing us capture pips safely using our strategy to buy dips.
The level to level break and locks allowed us to...
The US dollar's influence on the foreign exchange market is likely to weaken in 2024, especially in the second half of the year, according to a study by Currency Strategists. The survey, which included the views of 71 analysts, found that expected U.S. Federal Reserve interest rate cuts next year could lead to a weaker dollar against G-10 currencies. other. ...
Another great day for us on the charts!!!
We highlighted yesterday the test on the swing range and the expected swing. Our swing range weighted level did exactly what it says on the tin, with the perfect swing to 2032, as highlighted by us on the chart.
We are now seeing price test this level and will likely play between this range 2015 - 2032...
S32 is currently in a descending wedge with bullish RSI divergence. Look for a breakout and retest of upper trendline or support zone for entry, stoploss at last swing low and will be moving SL to BE when safe to do so.