Projected Price Range The anticipated weekly price range for Brent Crude Oil is expected to fluctuate between $75.62 (Min) and $81.93 (Max). Contended Price Levels $81.00 - $78.00 High Volume Node - potential support $81.73 Resistance Line - potential resistance $75.62 Support Line - potential support Technical Analysis Fibonacci Retracement Breakout: The...
The Indian rupee opened marginally higher on December 12 tracking gains in local equity and Asian currencies. At 9.10am, the home currency was trading at 83.37 a dollar, up 0.03 percent from its previous close of 83.39. Traders awaiting CPI and IIP data due later today. India's headline inflation rate likely jumped to 5.8 percent in November from October's 4.87...
There was little oscillation during the Asian session last Friday. After ascending to $2034, gold plummeted below $2000 after the employment data was released. Moreover, gold once reached $1995, and then rebounded above $2000 after gaining support, ending the two consecutive gains with a big bearish candle, and returning to a weak pattern. At present, gold fell...
After two short accumulation sessions, the downward momentum continued in the weekend session. The price has now broken the rising price channel and approached the price level of 2000. This is also the target for short positions, you should consider closing. profit for short positions. Next, pay close attention to the 2000 price range. If it is broken, the...
While it seems unlikely that US CPI data will influence the FOMC's policy decision this week, the market will keep an eye on the m/m core CPI data. If this index exceeds expectations, current inflationary pressures will certainly affect the timing of interest rate cuts in the future, however if the data is lower than estimates it could boost interest rate...
Hey Everyone, 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...
EURCAD reached an important confluence zone on Friday. The underlined blue area based on 618/50 retracements of the last 2 bullish impulses and a horizontal key support. As a bullish confirmation, the price broke a resistance line of a falling wedge pattern on an hourly time frame. We can expect a pullback now. Goals: 1.466 / 1.469 ❤️Please, support my...
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...
🚀 #TSUKA Update 📈 In the daily timeframe, #TSUKA has broken a 298D resistance and is currently in the retest phase. The price is anticipated to sustain its upward trend, aiming for previous highs. Currently trading in the Buy Zone, a bullish momentum is on the horizon. 🔍 Entry: Plan to buy in this retest 🎯 Targets: TP1: 0.0637 TP2: 0.082 TP3: ATH 🛑 SL: Close...
EUR/USD rallied vigorously last month, but has sold off in recent days, with prices slipping and closing below the 200-day moving average last week – a bearish technical event. If the pair deepens its pullback in the coming days, a retest of the 50-day SMA could come any minute. Continued weakness may shift focus towards trendline support near 1.0620. Conversely,...
I will post below where I set the zones earlier, and the first one was hit. The day has not closed yet, so you should be careful. Keeping the price below 6.5$ is a success for this trade POC from 1. July-13.MAY. From the other levels we have, it is weekly $7.9, VAH of the same range and full liquidity at 11.6 It is up to you which zone you choose, and how you...
Gold edges higher in the early morning Asian session in a likely position adjustment, with focus on U.S. CPI data and the FOMC meeting this week. The precious metal is still holding above $2,000/oz, a key short-term support level, Fawad Razaqzada, market analyst at City Index and forex.com, says in an email. Gold has to hold this level in order to sustain its...
Thank you for reading this update. Depending on our study we see that KOIN has a good chance of volume increase. This updates depending on day trade, And the market should confirm with time the right market way. #Nottradingadvice #For day traders take always profits when market increase #Expect noting from the markets, but follow what it shows.
Hey Everyone, 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 However, we...
Hey Everyone, 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...
Hey Everyone, 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...
Hey Everyone, 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...
Hello Traders, welcome to today's analysis of Bitcoin. I will only take a trade if all the rules of my strategy are satisfied. Let me know in the comment section below if you have any questions. Keep your long term vision.