Is it time to sell all your EUR and convert it into USD? My chart says that this is a good idea because I expect a 20% crash on this pair. In this analysis, I will tell you why, and I will also analyze the DXY Index on the monthly scale. If you are an intraday / swing trader on forex, you have to know what the major trend is. Are we in an uptrend or a downtrend?...
AUDUSD broke and closed below a key daily support. The broken support turned into resistance now. I think that the pair has a potential to drop lower after a retest of a broken structure. Next goal - 0.6475 ❤️Please, support my work with like, thank you!❤️
Silver may fall further while below 28.7 Silver broke down from a strong support zone located near 28.70. Now this area turned into resistance. Chances are silver may test this zone again before moving lower. The targets I am looking for for silver are near 27.50 and 26.30 where the price may face some solid support and we may see the price react...
US500 - Structure Analysis - Time For Correction US500 reached all time high at 5670. Later we can see that the price began creating some small structure zones. Considering that we are in the ER month many companies are reporting their Earnings and it looks like many sectors are struggling considering that indices are all moving down. However it could be only...
Bitcoin reached the Resistance zone($68,000-$66,170) again. Will Bitcoin succeed in breaking this zone or not❗️❓ According to the theory of Elliott waves , Bitcoin seems to be completing the main wave 5 ; the structure of the main wave 5 can be Expanding Ending Diagonal . Also, we can see Regular Divergence(RD-) between Consecutive Peaks . I expect...
After reaching the $185 mark, Solanium headed for a correction. Within the channel there was a decline to the lower boundary The 4th wave basically always comes in the range of the 4th wave of a smaller degree The correction in the 4th wave mostly occurs within the 61.8% Fibonacci range According to the wave theory, all the necessary conditions for correction have...
FX:XAUUSD is testing local channel support and forming a rebound from the liquidity zone. Traders are waiting for PCE data. Favorable inflation data may provide strong support for gold. Traders are waiting for the PCE, any hints of lower inflation may be viewed quite positively, which will generally increase the chance of interest rate cut in September. As we...
Solana had made a good rejection of the resistance zone where bears are taking dominance, which can result in a nice downward movement here. We are looking for all of those liquidity zones for any decent support so keep your eyes open on them (especially the middle one). Swallow Team
Hello Dear Traders, - Important Levels On the Chart "Horizontal Lines" Based on Gann Square of 9 Works as Support/Resistance. Watch for Price action around those levels - Jinny Gann Grid - Vertical lines works as time lines. Expect Reversal around them. Next Near Resistance: 29.74 Near Support : 24.27 Wish you Best of luck
Medium-Term Fundamental analysis: Middle East Crisis (Iran and Israel) They run away from every fight (battle, war .. :) , we know this means "Decreasing tensions in the Middle East" Technical analysis: Wave C = 123.6% of Wave A Bulls see it as a sell signal Conclusion: This market needs a correction
GOLD after the retest of 2430 fell under the selloff, there is no pressure on the price of metal, but the reason may be profit taking amid the selloff in stocks and in anticipation of economic data from the United States. Traders are waiting for US GDP and Initial Jobless CLaims, which will be released at 12:30 GMT. The data may have a medium-term impact on...
CADJPY: Bullish Pinbar candle could push CADJPY higher again Technical Analysis: Price created a "Bullish Pinbar Canle" on a daily time frame thus indication for a lose in the bearish momentum. On the 60 minute chart, we can see that CADJPY is forming an "Inverse Head & Shoulder" pattern. A move above the pattern should help CADJPY rise further to 103...
#EURUSD Possible move, price broke the support level at $1.08738, currently testing as resistance, if the zone holds, will be expecting further push down to the next major support level at $1.06719 #forex #forextrading #forexsignals #crypto #forexlifestyle #money #lifestyle #trade #stock #cash #iphone #daytrading #currencytrading #tradingonline #swingtrading...
As I promised in the previous post, I am doing a more detailed analysis and positive variant and completion of the correction. Having selected a lot of fractals, about 20% of the low after the previous high made a deep correction (more than 50%) and these movements were impulsive with a quick return. In our case it will be a break of the channel support line and...
BINANCE:XRPUSDT is the strongest of the market. As ETH & BTC fall, ripple is holding quite positively as traders are starting to believe in growth amid rumors... Ripple CEO recently said that he expects a legal resolution to the situation between the SEC and Ripple “very soon” Many are speculating that the SEC's closed-door meeting to finalize the case...
👉Gold could continue its decline this week. 🔰Reasoning: ⭐It has hit the upper arm of the wedge pattern on the daily timeframe and has also broken the BULLISH trend-line on the 4-hour timeframe. ⭐It is trading below the key resistance zone of 2426.352-2434.733. 🔰As a result: ⭐It could continue its decline to the targets of 2368.522 and...
Another bull trap for the noobs to take the bait on - everyone piling in screaming for new highs...but nope it's going to dump hard and leave bulls rekt.
EUR/USD Short Minimum entry requirements: • Tap into area of value. • 1H impulse down below area of interest. • If 3 touch 5 min continuation or 2 touch 5 min continuation with 3 touch structural approach, reduced risk entry on the break of it. • If 3 touch 15 min continuation or 2 touch 15 min continuation with 3 touch structural approach, 5 min risk entry...