Price has been growing in an ascending channel since price hit low @ $67.68 on December 13th, 2023. Fundamentals reported two weeks ago revealed that the Iraq refinery has been re-opened since its closure more than 10 years ago and that meant more supplies which fell the oil price from $78.69 to $75.73 The following week was met with USOIL demand where buyers...
Breakout the rising wedge on 3d chart has confirmed. Expecting get 0.7$ for midterm Patience get rewarded 🎯 Don't forget to support us with your like, comment and follow for more updates 🎯
Today, I'm excited to share a detailed approach for trading GBPUSD. If you're considering a short position, here's a comprehensive strategy: 1. 1-Hourly Chart: Shark Patterns at 1.2676 - Wait for Shark Patterns to complete at 1.2676 on the 1-hourly chart. - Look for a trading combo within the chart when the market retests the Trendline Break (red line). -...
Breakout and successfull retest was confirmed for: the major downtrend in weekly chart. 50 ema 0.618 fib level. 20$ is our target for midterm🎯 Don't forget to support us with your like, comment and follow for more updates 🎯
Never have i ever though id trade Gold so here we are! After analyzing the previous week for Gold, Gold was still in a strong bullish market. With this information, heading into the first day of the week, would be the beginning of a good one! Gold formed a new higher high indicating a continuation of a strong bullish market, then later retracing to form a...
FX:XAUUSD is breaking through strong resistance and testing the 2050 area, favorably influenced by the fundamental background from Thursday. The market is trying to move into a bullish phase, but globally the price is held back by a huge sideways flat. Idea from 29.02: GOLD → Consolidation is narrowing. The calm before the storm On H4 we see the price...
OANDA:NZDUSD is trading inside the descending price channel. A new downward movement is formed on the background of the growing dollar index, the pair is testing the support, the breakthrough of which can give a strong impulse. A descending triangle is forming on W1, which indicates the weakness of the New Zealand dollar. The price cannot break through the...
FX:XAUUSD is holding strong, yesterday's economic news also supported the price. The price of metal forms numerous retests of resistance, as well as forms a pre-breakdown consolidation. The complexity of the situation is that we have a very narrow range and within this range the market maker will gain liquidity by any means, but sometimes there are...
The currency pair broke the resistance of the descending channel a few weeks ago, but after the breakout a consolidation is formed, which in this context can be perceived as a trend continuation pattern. In our case, a trend change is forming, which means we should wait for the continuation of the upward movement. Against the background of a possible fall of the...
FX:USDCHF has been in consolidation phase for a long time on the background of a bullish trend, which is formed in the wake of strengthening of the dollar index. There are preconditions that the growth may continue. Today traders are expecting the US GDP, which will be released at 13:30 GMT. In general, expectations are negative, analysts expect GDP to...
FOREXCOM:XAUUSD does not reach the resistance zone. Another strong seller appears on the market. The market pressure is formed and the price of XAU forms a set-up that predicts further decline to the range support. Today at 13:30 the US GDP will be published. Analysts expect GDP to decrease by 1.6%. But based on the general data there is a possibility that...
Now the issue of time is more important than the price, we have less than 2 months from the halving and the price of Bitcoin is 60 thousand dollars. This strange bull run that eats all the resistances one after another looks like a bull trap before hawing. Now we are witnessing a strong FOMO wave (in the 4-hour time frame, the important resistance of 53,000 to...
Hello guys, I hope you are doing well We see the Ripple chart in the daily time frame. Important supply and demand areas are drawn on the chart Currently, we had a reaction from the demand area, candlestick patterns are observed, the trend line has been broken upwards in smaller timeframes. A suitable position for Ripple price growth from this area can be at least...
FOREXCOM:XAUUSD is forging a local trend after a small correction on Monday. At the moment, as the prices are trading inside the flat, the target is the area of 2044-2048, from which a decline may follow. On D1 we see two key figures, which play an important role at the moment - resistance 2048 and the descending price channel, which characterizes the whole...
World gold prices stabilized with spot gold down 0.7 USD to 2,029.5 USD/ounce. Gold futures last traded at 2,039 USD/ounce, down 0.5 USD compared to yesterday morning. World gold continues to test resistance below 2,050 USD/ounce and is having difficulty attracting new upward price momentum even when published data is not as expected. In particular, the...
FX:GBPUSD on the background of the bullish trend is forming a correction, which is within the descending channel. We have prerequisites that indicate the soon end of the set-up and the continuation of growth. Last week the price tested the resistance of the channel with a false breakdown, but it did not happen what everyone was waiting for. There is no fall...
BINANCE:ARKMUSDT The 1D chart clearly shows that ARKMUSDT has closed above the bullish candlestick breack the current breack trendline. Often the price can come back to retest the trendline. Otherwise it may go higher till 0.9000$. ARKMUSDT LONG Leverage: 3x Entries: $0.6048 Take profit 1: $0.6402 Take profit 2: $0.6998 Take profit 3: $0.9006 Stop Loss:...
FOREXCOM:XAUUSD is forming a correction and testing strong downward resistance formed from 2150. The chances of a breakout are a little less than a false breakout, which, at this point in time, we are betting on. On the senior timeframe we can clearly see that the price is testing a strong resistance area. There is no clear trend, something similar to a...