Gold rebounded today relying on support near 2332, and the European market rebounded to around 2348. At present, the long and short positions are not very clear. 2355 is the key and watershed. The short-term trend is somewhat strong, and there may be an upward impact test in the evening. At the top, focus on the key watershed of 2355, and on the bottom, focus on...
Yesterday's unilateral decline in gold ended in line with expectations and gradually adjusted towards the 2330 mark, which is also the only key support on the daily line. During the 4H cycle, the high point has been under pressure. Although there is a rebound under the 2330 first-line support in the short term, it remains to be seen whether the weakness can be...
The U.S. PPI data in April was strong, rising 0.5% month-on-month, 0.3% higher than expected. Core PPI also rose 0.5%, while the expected 0.2% was. However, both March PPI and core PPI were revised down from 0.2% to -0.1 %, the sharp downward revision of March PPI moderated the unexpected increase in April PPI. Powell's speech was also half hawkish and half...
BINANCE:ETHUSDT is forging a retest of the key support area. On the background of NFP publication, the coin grows following the flagship - BTC and tests 3130. We are waiting for a retest of 3200. An interesting promising candlestick pattern is forming on W1 on the background of the retest of the key support, which is the resistance of the previously broken...
Wed 15th May 24 5.00am Toyko Session 15min TF Bulish Macro Move all charts Entry 61994.08 Proft level 67097.79 (8.20%) Stop level 61820.36 (0.28%) RR 29.29
Fundamental analysis The US economy should weaken, as the sharp rise in interest rates will still have its effect. If there are signs of a slowdown in the US economy, the reaction on the markets should be strong and a rapid upward movement of EUR/USD should be the result. For 2024, we expect a relatively better development of the economy in the Eurozone, where...
By many near-term measures, EUR/USD has already broken out (not the 200DMA at 1.0790). However heading into tomorrow's, US CPI release, the focus is on a possible reaction here at confluent resistance near the 61.8% retracement of the March decline at 1.0836. A topside breach / daily close above this threshold would expose a possible rally towards the March...
Chart made a simple u−turn toward a midle low peak of a HH peak. Big waves (w−z) still ongoing. Even so, I'll start selling now to take the first bearish wave. Fibonacci is on a LL and midle HH. This is a strong fibonacci support if chart bounce on the 100% level once so then it reaches 288% or even 461%. I'm using it for reversal prediction.
Hello dear friends, I hope you're all well. I'm currently working on refining my strategy. I want to remind myself and all newcomers of some key points. We all have some bad habits that need correcting to succeed in the financial market. For example, the fear of missing out(FOMO) on market movements is common. In my opinion, there are two types of FOMO: one...
With price accumulating within Asia session, I'm anticipating a shift to take place in London. The bias is still bearish. Price HAS now purged M15 IH indicating an imminent move to the downside. Sell now.
📈✨ **Gold Market Outlook:** ✨📈 Gold wrapped up the week with a strong bullish momentum, hinting at a potential breakthrough of a significant daily resistance cluster. 🚀 Looking ahead, a bullish breakout above the **2361 level** accompanied by a daily candle closing above it could fuel a powerful uptrend, aiming for the **2391 level**. 💰💪 🔍 However, if the market...
LTC continues to lose bullish steam The price was brokeout by a complex pattern and currently confirmed a bearish wave. It may be temporary, but it may also move further down to the second target. We have seen several times that LTC suffers from the bullish volume problem. On the other hand also BTC is not clear and it can push all the crypto market down in...
Idea for EURUSD (SWING POSITION) Entry: 1.07901 (or 1.0800 Optimal) TP:1.06500 SL:1.08575
GBPCHF Resuming The Bullish Move After The Employment Data yesterday the UK reported an improvement in Employment data. The first impact was negative as the current speculation is still high but as we can see today the market is clearer and the British Pound is showing its strength. One good part of the bearish movement yesterday was related also to some...
Considering that producer price inflation increased, it did not strengthen after the index rose to 105.45 dollars and continued to improve. Currently, the important support of the index is 104.20 - 103.88. It should be noted that this range will be broken if US inflation data comes in below expectations. This is a personal opinion, not a buy or sell signal.
Following the USD/JPY's ascent to 160.200, the currency pair underwent a reversal, marked by a retracement to the 50% Fibonacci level and subsequent bearish momentum, driving prices down to approximately 151.885. In Japan, Masato Kanda, a prominent figure in currency diplomacy, hinted at potential measures to address market volatility, signaling possible...
Dear Traders, We are convening a discussion focused on #AUDIOUSDT The Falling Wedge Pattern is Formed Now it's Ready to Break the Pattern In Case of Successful Breakout, Expecting a Bullish Move of 60% 🚀 💎@Anna_Trade_Admin Regards: AnnaTradeCharts #Bitcoin #Crypto #Ethereum #Cryptocurrency #CryptoTrading #BTCUSDT #ETHUSDT #ALTCONS #USDT CRYPTOCAP:BTC ...
Like, comment and share with your peers! Am looking for buys on EURJPY between the range below. Find my confluences below; ✅Price at psychological level? ✅Has there been a recent intraday range? ✅Do you see 30 mins or 1 hr price bar closure outside recent range? ✅Will position be in the direction of 4hr and Daily trend ? ✅Has nearby wicks to the lefthand...