FX:USDCHF looks stronger than the dollar. The Swiss franc is weakening strongly due to fundametal reasons. The bullish trend may continue with a break of 0.9142 On D1 earlier we saw a trend change, after which the market went into a consolidation phase and reached 0.9147. The market resistance continues to hold the price, but against the background of...
FX:USDJPY does not pay attention to the behavior of the American dollar. The focus is on the Japanese yen. The currency is in a strong sell-off and continues to get cheaper, while a beautiful set-up is forming on the chart. Rising triangle in the global perspective and in the short term: on D1, on H4 and on H1. A beautiful situation, when the chart lives its...
This past week we bounced off of LT support in our large pennant. We could still break bearish or bullish, but right now we're at the low-end of the pennant. Buy below $160, sell closer to $200. This can go on for the rest of 2024 and into 2025.
Healthy consolidation to creep up in the next few weeks.
Hello Traders, welcome to today's analysis of AMD. -------- Explanation of my video analysis: After the massive triangle breakout on AMD in 2016, we saw a rally of more than +7.000% towards the upside. After the recent bear market in December of 2021, where AMD perfectly retested previous structure, we saw another rally of +250%. I am now waiting for a retest...
Following a rapid rise to $30, silver has seen a swift decline, indicating a completion of the minor Wave (iii) of Wave ((iii)) just above the 461.8% level. We've exceeded this level, so we need to consider potential deviations from ideal models to navigate the market effectively. We anticipate the downturn to continue and expect to find support between the 38.2%...
On the Microsoft three-day chart NASDAQ:MSFT , we've observed that the initial cycle of Wave (5) & I peaked at $430, hitting the 61.8% extension level, and has since declined to $402. We believe that $430 will now act as a strong resistance level. We anticipate a significant correction for Microsoft, potentially dropping to between $220 and $100. This forecast...
MCDONALDS NYSE:MCD | MCDONALDS RANGE BEFORE EARNINGS - Apr. 15, 2024 BUY/LONG ZONE (GREEN): $270.00 - $276.50 DO NOT TRADE/DNT ZONE (WHITE): $266.00 - $270.00 SELL/SHORT ZONE (RED): $259.00 - $266.00 Weekly: Bearish Daily: Bearish 4H: Bearish I wanted to create a post for the initial bullish trend breakdown and the first range, but decided to wait until we...
During the day, gold fell back from above 2330, and the current lowest has touched around 2312. The current short-term trend has started to stop falling after multiple long upper shadow lines appeared during the continuous downward trend. During the decline, the energy of the bulls still showed strong resilience, and the short-term trend began to fluctuate and...
FWB:NTO Nintendo ⏰ Timeframe: 3 Months ♦───📝📊───♦ 👉🩸from Distribution into Accumulation 👉🩸 Channel (blue) 🎣 ♦────⚖️────♦ ✔️Logarithmic (Log) Chart ✔️Logarithmic (Log) MACD ✔️Logarithmic (Log) Fibonacci
If you go in the wrong direction, your efforts will be in vain; if you go in the right direction, you will get twice the result with half the effort. It is already a short trend. Go with the trend and the rebound will give you the opportunity to go short. Going against the trend is like licking blood with a knife's edge and pulling out chestnuts from the...
Markets are all current, and trading is also current. Keep it simple and follow the trend. Don’t be too complicated. If you understand the logic and password behind the K-line, you will not panic when it rises or fall, and everything will be clear to you. , can we deal with it calmly. Only in the face of confusing market conditions can we see the light, gold...
We can attempt to buy AGHA from specified level as it break LH , trendline resistance , also there is bullish divergence indicate that it move upward. SL , TP mention in chart.
We can attempt to buy USDCAD from specified level as 0.5 FIB , trendline support intact, also there is no bearish divergence. SL , TP mention in chart
I am very curious about this one... SAGA doesn't look good compared to others and has shown a lot of bearish market structure to the downside, with losing the monday low and the low volume node zone below it is appears as if SAGA wants to come down to the levels of the surge last week. Would be a high RR setup but a very risky on. BTC could give the momentum in...
After falling twice in Asia and Europe on the previous trading day, it finally hit a low of 2292 and then stabilized. Then gold prices began to rebound, eventually rising to the $2,333 level, giving bulls temporary breathing space. Despite falling U.S. Treasury yields and a weaker dollar, gold prices failed to sustain gains and ultimately failed to hold...
Got stopped out here as well. Will be monitoring DXY closely to see if my risk off dollar strength bias is still viable
Hello, friends. Nice to meet you After breaking the RISING WEDGE down, It shows a very strong extended wave. If the upper line of this extended wave is broken upward, it is likely to rise to the recent high.