🕵️♂️ Let's delve into analyzing the popular forex pair USDCAD for the upcoming week! 🌟 In higher time frames, particularly weekly, the US dollar versus the Canadian dollar has been ranging between the price levels of 1.31811 and 1.38292 over the past 600 days. This indicates a logical fluctuation without any significant market-moving news. 🕯️ After reaching...
The euro is susceptible to fluctuations in energy prices, while the Canadian dollar stands to gain from them. Any developments concerning the conflicts in the Middle East or Ukraine, as well as increased tensions in these regions, could potentially lead to a bearish sentiment for EUR/CAD. However, I believe that the market's reaction to previous events, such as...
The focus of this week is the Federal Reserve's interest rate decision, and the market does not expect to raise interest rates this time. Judging from the current market trends, both gold and the US dollar have fallen into a correction stage after experiencing unilateral trends. This week's Federal Reserve decision will be an opportunity to start a new trend...
USDJPY is forming a move of the potential from resistance to support relative to 150.884. Which indicates the presence of a strong bull market. Earlier, the market formed a false breakdown in the moment of harsh statements of Japanese regulators. But, traders are still selling JPY on the background of strong dollar. Scenario: breakout of the resistance area...
UNIBOT broke trough the support level. Asset broke trough the ascending trendline. Bearish movement to support level at 12.3 is possible.
Hello everyone, subscribers! Please share your personal opinions in the comments. Boosts and subscriptions are appreciated. Last week, there were releases of the March PCE inflation index in the United States and a rate decision by the Bank of Japan. During this process, there appeared to be a slight continuation of the dollar's strength, with the euro expected...
hello, friends! This is ESS team. It's XRPUSDT chart in 5D. If it keeps from the GREEN uptrend line's below, We're expect candles break through the RED long-term downtrend line. If it succeeds in breaking through, It'll reach the TOP green uptrend line. If it fails to break through the RED long-term downtrend line, It can go upside at an ORANGE uptrend line's...
Hi, guys. This is ESS team. Let's check ROSEUSDT. It's NOT breaking through the RED downtrend line and currently, falling down. If the candle starts to rebound on the GREEN channel, It will reach the green upward trend line's TOP, and If it doesn't break through the RED downward trend line, It will be able to look for rise near the bottom of the ORANGE...
Following a test of a daily horizontal resistance, the EURNZD currency pair created a descending triangle pattern on a 4-hour time frame. The next support level appears to be at 1.7909, which is likely to be the target for sellers. To enter a trade, one could look for a retest of the broken neckline of the triangle.
We can attempt to buy TRG if it gives breakout of consolidation box , also bullish divergence occur indicate that it move upward. SL , TP mention in chart.
The AUDUSD pair reached a new peak and closed higher on a 4-hour chart, breaking through a strong horizontal resistance level. The shattered resistance level and a trend line now form a narrowing area of buying interest. I anticipate a rise in price from this point, with a target of 0.6650.
NSE:VEDL Vedanta looks promising and ready for upmove, Cosidering the global scenario and the rise for demand in copper and semiconductors. Vedanta stood strong and our charts also shows a leg up trajectory. VEDANTA chart have successfully bounced from 0.618 Fibonacci forming a double bottom pattern and currently trading at 269 which is again at weekly support of...
🎉Hi guys, I hope that you have a great weekend . 🏃♂️Bitcoin is moving near the 🟢 Support zone($63,370-$62,790) 🟢. Also, Bitcoin managed to break the Resistance lines and is currently completing the pullback . 🌊According to Elliott's wave theory , Bitcoin seems to have completed wave 3 and is currently completing wave 4 . 🔔I expect Bitcoin to rise to at...
Judging from the one-hour chart, there is no unilateral trend in gold's recent trend. The main trend is shock, which is the adjustment form of the falling flag. When the shock ends, there is a high probability that it will continue to fall below and continue to fall. However, this is just a possibility of breakthrough. Whether to break through upward or...
Fundamentals : This weeks GBP PMI coupled with USD Unemployment claims and Core PCE has sent the Dollar rallying while GBP has been in some consolidation until today. Technical : From a Technical point GBP broke the Bearish Trendline at the same time the Dollar was rallying from news, GBP later retraced some of the sell off and retested the Bearish Trendline it...
D: Uptrend, price retraced 61.8% 4H: Uptrend, price retraced 78.6% after a double bottom at support/resistance zone 1H: Uptrend, price retraced 100% and passed -61.8, rising to the next zone due to news CURRENTLY: I'm looking for price to go short to retest lower support/resistance zone as support. ...THEN, go long to major resistance
D: Downtrend, price retraced 38.2% 4H: Uptrend, price retraced 38.2% 1H: Uptrend, price retraced 100% + strong support on a triple bottom CURRENTLY: I'm looking for price to go long to previous resistance at -61.8 on 1H FIB. FIB Exits TP1 @ -27% TP2 @ -61.8%
This is not financial advice So uhh ya boy was playing the free money trend line on SOFI buying calls when it hits the trendline and selling when the move slowed for quick profits. Did this for the last two weeks going into earnings hoping to catch a thrust up cause SOFI tends to make large moves on or around earnings. Then I spotted a bearish gartley forming...