Hey Everyone, This is an update on our weekly chart idea that we have been tracking and trading successfully over the last few months. The swing range bounce provided the momentum for price to break back into the channel. We were then looking for support within the channel, which last weeks price action provided on the channel bottom followed with our 2048 Axis...
I think btc is going to retest the area 28500 - 28000 because at multiple timeframes it is making dojis , which is not a good sign for bullishness , we want it to come back to 28500 - 28000 area , get some liquidty and go bullish. If it falls below 28000 we can expect it to take support at 25381 - 24337 and and continue rally higher. Remeber we always need to...
Hey Everyone, Fantastic end to the week with our chart idea playing out perfectly all the way from the dip into 2018 followed with the failure to lock below the retracement range, which provided the bounce we were looking for all the way into each of our Bullish targets!!!! Our last weighted level break and lock we were looking for was the break above 2046 level...
Mitsubishi UFJ Financial Group (MUFG) President Hiroki Kamezawa stated in an interview with Japanese media outlet Asahi Shimbun: The BoJ is gradually achieving its price target and wage hike "This is only a matter of time." The negative interest rate policy could be eliminated as early as 2024 due to positive developments in wages and prices. This policy has put...
Bitcoin will not be seeing 45,000 any time soon as this “bullish” move has extinguished. Bitcoin’s all time highs are usually parabolic and unusually unpredictable but this chart reads clear as day that the trend formed has a limit. Rejecting off of key levels with volume supporting the move down, big money is opening positions below 44,000 and the vol...
I have shown the supply and demand zones on the graph. At this point it remains to be seen how the price will react 43.6k$-44k$ . If we see acceptance, prices of 48K-50k are very possible. If we get a big rejection, it will be a trigger that the sellers are in advantage and we will have to look for strength in another zone (demand zone). Right now it's late to...
Hey Everyone, Chart playing out perfectly giving another great opportunity to buy dips inline with our plans to buy from support into the bullish retest target at 2046. Price continued to play between the range leaving a opening below 2033 with range open to 2018 and then locked back up above 2033 confirming the push up to 2046, allowing us to safely buy the...
The Japanese Cabinet Office has forecast that CPI consumer inflation will increase to 3%. Early tomorrow morning, the market will receive CPI inflation data that has been higher than the BoJ's 2% target for more than a year, boosting expectations that the BoJ will pivot and support the rise of JPY.
Hey Everyone, Quick update on our route map for today. As stated yesterday, that we were likely to see a bounce between the range until the next weighted level breaks and locks allowing us to track and trade the movement level to level. - This played out, as we saw price bounce between 2033 and 2046. We are seeing ema5 maintaining the range within and failing...
The dollar is currently volatile against most major currencies as market sentiment has been hit by expectations that the US Federal Reserve could start cutting interest rates. The exception remains the Japanese yen, which maintains its position against the dollar even after the Bank of Japan's decision to continue its expansionary monetary policy. Fed officials...
The US dollar is experiencing volatility against most major currencies today, with market sentiment affected by predictions that the US Federal Reserve may start cutting interest rates. The Japanese yen remains an exception, maintaining its position against the dollar following the Bank of Japan's decision to continue its expansionary monetary policy. Federal...
The dollar index and dollar index futures both traded flat during the Asian session on Tuesday, but marked strong recoveries from four-month lows over the past two sessions. A series of Fed officials said that although the bank will cut interest rates in 2024, expectations of an imminent shift are unfounded. Chicago Fed President Austan Goolsbee said the bank...
Hey Everyone, Another great day on the markets for us with our chart idea playing out perfectly in true level to level fashion!!! Yesterday we stated that we needed to see 2033 cross and lock to open 2046. We got the lock confirmation today and then the perfect finish by hitting 2046 completing our target and with plenty of time to get in for the movement.. We...
Somehow we managed to find support just below $68 and guaranteed divergence on daily and weekly (bullish hidden divergence) For further confirmations of growth, like last time, the price of $77 and $80 is important. The 50weekly MA, 200 Daily Ma encounter very strong resistance, so be careful.
Hey Everyone, Great start to the week with our route map chart idea playing out as planned. Price supported above 2018 and failed to lock below confirming the push up, perfectly hitting our Bullish target at 2033 Goldlturn. We will now need to see 2033 cross and locked to open 2046. Failure to lock above will see rejection into support to test 2018 again. We...
Goldman Sachs Data reported on December 18 that Goldman Sachs has revised its forecast for next year's exchange rate and expects the US dollar to weaken further. “The biggest revisions to our forecasts are on exchange-sensitive currencies like the Japanese yen,” strategists including Danny Suwanapruti and Michael Cahill wrote in a Dec. 15 report. , the Swedish...
I shared this image because many time I saw this type of patterns in chart but I not take trade but this time I deeply read chart
Hey Everyone, Please see our updated 1h chart levels and targets for the coming week. We are seeing price test support at 2018 and a break and lock below this level will open the retracement range. However, support here and we are likely to see a test at 2033 Goldturn. Price is playing in a central range in this overall structure and likely to see big swings...