The US greenback skilled a small decline today, with buying and selling volumes falling because of a vacation in Japan. The yen, euro and pound continue to be close to their lowest tiers from ultimate week`s chaotic session. The Japanese yen confirmed mild profits in opposition to the greenback, buying and selling at 158.05, up almost 0.2%.
This modest circulate...
Gold recently broke its previous trendline channel and is now retracing back towards it. We anticipate a subsequent downtrend once the retracement concludes. Our analysis suggests that the price might form a Quasimodo pattern, with a potential consolidation around the 2330-2337 range before declining towards the minimum target level of 2282.
Hey Everyone,
A piptastic day on the charts today kicking off the new month with blues.
Yesterday we got the lock below 2327 opening the retracement range, which was hit perfectly and gave the 30 to 50 pip bounce inline with our plans to buy dips also covering any premature entries.
We then stated that we will now wait for this area to support and head for the...
Hello Traders and Investors, today I will take a look at Alphabet.
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Explanation of my video analysis:
About 8 years ago Alphabet stock created the first retest and rejection of the long term ascending bullish trendline. Then we had a lot of retests of this trendline, the last one being in the beginning of 2023 and this retest was followed by another...
_ Analysis Update by World Forex Traders_
🚨 As of the current price of 63,625.69, my analysis indicates a potential bearish trend 📉. I'm maintaining my short position, targeting a price below 60,000 💸.
_Key Points:_
- Current price: 63,625.69 📊
- Target price: Below 60,000 ⬇️
- Sentiment: Bearish 🐻
- Recommendation: Short 📉
_Risk Management Notes:_
- Stop...
Gold prices lost the $2,300 mark last night as data from the US showed that labor costs are rising, thus pushing up inflationary pressure. As a result, the Fed will need to be more patient in lowering interest rates, as Fed Chairman Jerome Powell announced two weeks ago.
Gold price is trading at $2,292/ounce, up slightly by 0.27% after falling more than 2% on...
Last week, I had the satisfaction of web website hosting a webcast on gold and gold mining stocks, and I become satisfied to be joined via way of means of portfolio supervisor Ralph Aldis. Thanks to all who participated!
Regretfully, I`m now no longer accepted to proportion a replay of our dialogue because it become supposed for economic advisors, however there...
Hey Everyone,
Once again our chart is playing out level to level.
Yesterday we got our bearish target hit first at 2327 with no lock below and therefore confirmed the rejection and gave the perfect bounce inline with our plans to buy dips for a nice clean catch.
Today we got the lock below 2327 opening the retracement range, which was hit perfectly and gave...
ETHFI broke through the descending trendline and now holds above the support level. The bullish movement to the resistance level at $6.5 is expected to happen
#Bitcoin Weekly Technical Analysis 📈
Bitcoin surpassed its previous all-time high of $69,028, reaching a new peak at $73,773. Currently, it's trading above a strong support level ranging from $64,500 to $66,300, which is considered a robust technical support zone. As the week concludes, Bitcoin needs to hold above this support area.
The price of Bitcoin...
Gold prices are expected to increase for the third consecutive month ahead of the Fed meeting
Gold prices are on track to increase for the third consecutive month thanks to strong demand from central banks. Attention is now on the Fed's interest rate decision meeting this week, where policymakers are expected to take a hawkish stance.
As of early Asian session,...
Gold prices opened the new trading week with a slight decrease, however the decrease was insignificant, currently trading around $2,335.
Many traders choose to stay on the sidelines ahead of important events this week such as the FOMC meeting and the release of US Employment Data. As a result, gold price volatility is likely to be limited at least until Wednesday...
Hello Traders and Investors, today I will take a look at Intel Corporation.
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Explanation of my video analysis:
In April of 2022 we saw a major break towards the downside on Intel stock which was then followed by more bearish continuation of roughly -65%. Then Intel retested a multi year long structure and created a pretty decent bullish reversal and a...
Hey Everyone,
Great start to the week with our chart idea playing once again in true level to level fashion!!
Price was sitting between two weighted levels, 2354 resistance and 2327 support and we were looking for either weighted level to break and lock to confirm the next range.
We got our bearish target hit first at 2327. No lock below confirmed the rejection...
Pair : XAGUSD ( Silver / U.S Dollar )
Description :
Bullish Channel as an Corrective Pattern in Short Time Frame
Break of Structure and Retracement
RSI - Divergence
Consolidation Phase
Completed " 1234 " Impulsive Waves
Gold has ended its 5-week winning streak, but it can still increase
Gold ended a five-week winning streak on Friday, but its rally is likely not over yet as favorable factors such as demand from central banks continue, even as a wave of net withdrawals continues. from gold ETFs began to reverse.
Gold prices increased 0.3% to 2,348.75 USD, but fell sharply...
Gold slid after high inflation in the US extinguished expectations of the Fed cutting interest rates
Gold fell ahead of the Fed meeting, where policymakers are expected to keep interest rates high for longer to control inflation.
Gold prices continued last week's momentum and fell by 0.8%. According to data, the US core PCE index rose at a breakneck pace in...
As US growth remains strong and expectations of the Fed cutting interest rates gradually decrease, capital has poured into this country's market and the USD has increased, specifically 4% this year and shows no signs of stopping. .
This situation is made even more difficult by the influence of other countries. By the end of 2023, the US economy had grown by more...
