Hi Traders! GBPUSD is in a bear pennant pattern and is heading for the 4-week low at 1.20372 in anticipation of the FOMC press conference later today. Price Action 📊 The market is currently in the bear pennant pattern and is showing bearish signals with lower highs and lower lows; additionally, there has been a break and a close under the 20 EMA. We are now...
Prepare to be amazed by Near Protocol's recent price action, which has unveiled a masterpiece in the world of chart patterns – a massive falling wedge. As this wedge pattern developed right above a significant support zone, the subsequent breakout couldn't be more bullish, setting the stage for exciting potential price movements. 📐🚀 Unwrapping the Falling...
Band must go down here. Lets short and earn more! Entry: 1.4686 TP1: 1.4539 TP2: 1.4392 TP3: 1.4245 Stop loss:1.4833
Loka just broke out of the downward channel it has been in since Q1 this year. Moreso, I see a shift in momentum pointing upwards on the weekly and monthly RSI. With the BTC halving insight, hopefully this begins upward movement for altcoins like Loka. My targets are the blue lines in the chart
Hi Traders! Today is a big day for the USDCAD, and the pair is approaching its yearly high at 1.38623, but before that, the monthly high resistance at 1.37858 must be broken. Price Action 📊 The market has broken its trendline resistance and is near the monthly high at 1.37858. There is bullish momentum due to the anticipation of hawkish statements from the...
Here I present how Gold might end up playing based on the technical analysis and how to look end up looking for trades and entries.
H4 - Price bounced higher from a key support zone. Most recent downtrend line breakout. H1 - Bullish convergence. Currently it looks like a pullback is happening. Until the key support zone holds I expect the price to move higher further after pullbacks.
Here I present 3 movements on how the US30 can end up playing, And all the movements the are not exact the are based more on the technical Aspect and reasons, on what I understand about technical Analysis. It is not the signal or whatever but just revealing on what might unfold.
Take a look at AUDUSD. The pair is trading in a bearish trend. The price sets new lower highs, respecting a falling trend line on a daily. After its last test, the price formed a double top formation on that on an hourly time frame. Its neckline breakout leaves a strong bearish intraday clue. I expect a bearish movement to 0.6345 / 0.6335 ❤️Please, support...
EURUSD formed an ascending triangle formation after a test of a strong intraday horizontal structure support. Its neckline violation is a sign of strength of the buyers. The pair will most likely keep growing, at least to 1.0678 ❤️Please, support my work with like, thank you!❤️
The BOE is losing credibility because it is stimulating the economy too little, too late. At this week's MPC meeting, Governor Bailey will have to hide behind his message that inflation will persist for longer as it becomes more entrenched, but policymakers are keeping interest rates on hold amid concerns about the economy. UK government bonds are poised to...
World gold prices are supported by the need for safe haven capital in the context of Israel expanding its military operations on the ground to attack the Hamas group. This could make conflict more widespread in the Middle East region The focus this week is on investors eyeing the Fed's two-day monetary policy meeting and the US monthly jobs report on Friday. They...
I think the market understands everything better than some media reports. Canada's two-year bond yield has remained unchanged since just before the release of GDP estimates. They have outperformed on the US front end, with strong US data, including a positive surprise in the Employment Cost Index, driving higher two-year returns. This was the largest repeat...
On October 30, many countries and major economies in Europe and Asia reported that the consumer price index in October dropped sharply and retail sales increased positively. Specifically, Europe's largest economy, Germany, had a CPI index in October that decreased from 4.1% to 3.7%. Germany's CPI on an annual basis decreased from 5.1% at the end of September to...
This count is based on my assumptions so anything can happen not a trading or financial advice just for educational purposes only kindly do your own ta thanks trade with care good luck.
This count is based on my assumptions so anything can happen not a trading or financial advice just for educational purposes only kindly do your own ta thanks trade with care good luck.
NYSE:DNA is losing steam and appears to be entering a breakdown. Waiting to enter until around $1.60 - $1.70.
The instrument has formed a strong local support level, which has been tested with several touches, which confirms the accumulation of stops of long participants who realize their volumes from it. There is also a local downward trend, pushing the price to the level with the help of limit sellers.