EURUSD rebounded strongly in the past session, broke the upper boundary of the accumulation zone and created a reversal pattern on H4, but the overbought phenomenon is occurring. We can place a Sell Limit order at the above resistance area
In the face of favorable economic and employment indicators, the US dollar continued its decline for the second consecutive session. Notably, the Dollar-Index, which gauges the USD's strength against a basket of six major currencies, experienced a significant drop of 0.88%, reaching 101,960 points at 6:34 a.m. this morning (Hanoi time). The diminishing value of...
Thank God that we got a good profit from Starlink, ... Halelooya now we are in wave 2 which is being corrected, after breaking the trend line, we will enter strong wave 3 and complete our profit, I hope from the wave of Elliott and And enjoy surfing. be blessed Merry Christmas in advance to all Christians ✝️🎁🎄🤶🏽❄️🙋🏽♀️
Clearly it has bullish position after breaking resistances and now crossing over ichimoku cloud... Be rich with FTM...
TRX has caught our attention with a similar pattern to happen soon. First things first, the price of TRX has had an amazing bullish trend, moving and rebounding from it from time to time, but what is more interesting is how it is testing that zone. A similar pattern might happen soon, so keep your eyes open for a potential downward movement towards that trend line!
Hi Traders! USDCAD has formed a head-and-shoulders pattern and is approaching the neckline. Here are the details: There is a current lack of buyers in the market, and the market is trending down with swings of lower highs and lower lows. Our plan is to sell rallies looking for a break below the neckline and target the 3-month low at the 1.33802...
Also last night - early this morning, the US economy announced more positive economic and employment data. Specifically, the number of first-time applications for unemployment benefits last week was at 202,000 applications, lower than the forecast 220,000 applications and lower than the previous week's level of 221,000 applications. Along with that, annual retail...
Gold prices rebounded extremely strongly from the 1975 support level in the last session, creating a huge Marubozu candlestick on the daily frame and along with it, bullish engulfing patterns. The psychological barrier of 2000 has been regained and the price is now retesting the previously broken down channel. You should not consider this as a normal retest to...
FOREXCOM:XAUUSD is once again meeting strong bulls. Powell's speech influenced the price growth and a 2.8% momentum is forming. Let's see what happened and what to expect: Most important: The rate remained unchanged. Inflation eased 0.1% to 3.1%. In fact, there was no change . Speculators liked Powell's more positive tone, which caused them to react with a...
Hi Traders! AUDUSD has broken its yearly trendline resistance as the bulls have taken over. Here are the details: The yearly trendline is now broken. Since the break and close above the 20 EMA, the price action has looked very bullish. Our plan is to buy the market dips by looking for an entry near the trendline resistance and an exit near the mid-year range...
juicy PA and the market bouncing could send this perp coin much higher
Hello dear traders... Shiba seems to have broken its weekly trend line, I hope it was not a fake failure, in this case, after all this correction time, Shiba is doomed to rise. Good luck .
World gold prices fluctuated slightly with spot gold down 1.3 USD to 1,979.5 USD/ounce. Gold futures last traded at 1,993.2 USD/ounce, down 0.5 USD compared to yesterday morning. Although the world gold price this morning was listed close to the level of yesterday morning, it has decreased sharply compared to the increase during the day. Specifically, gold...
The buying force returned in the last session, and although it once surpassed the old peak around 1,081, it could not maintain above this price level, the selling force returned and created long candle shadows above, the behavior This price shows that there is still a significant struggle around this resistance level. You continue to observe to see if the price...
Gold D1 experienced its third straight day of decline. Yesterday's D1 bar formed a bearish pin bar, indicating significant selling pressure. The emergence of an inside bar pattern suggests a buildup of price compression. Despite these developments, the overall structure of the D1 gold chart still appears inclined towards an upward trend. On the H1 timeframe, gold...
I've always had a strategy of using horizontal support and resistances as well as finding a downwards and upwards trendline that can be duplicated and still hit multiple swing points amongst different timeframes. Think of it as angled supports/resistances. After having all these lines on the chart you can quickly see how often the various crosses act as a magnet...
FOREXCOM:EURUSD is forming consolidation in the phase of waiting for news related to inflation and US monetary policy. Based on the expected news and past data, there are a few nuances. The TVC:DXY is leading an interesting life on 4H tf. The index is gaining a bullish stance, we can tell by the long shadows and the price pushing towards a strong...
The world's gold price today, December 13, continues to decrease when the US releases the latest emission data, creating motivation for the USD to increase in price. Gold prices today have not stopped falling in the context of the US announcing the annual consumer price index (CPI) in November 2023 increased by 3.1%, 0.1 percentage point lower than the previous...