The current selling zone for the CAD/JPY currency pair is at 112.643. This indicates a strategic opportunity to capitalize on potential market movements. Setting take profit levels at 111.562, 111.053, and 110.500 allows for staggered exits, maximizing potential gains while mitigating risk. Meanwhile, placing a stop loss at 113.019 serves as a safeguard against...
The current optimal buying zone for the GBP/USD pair stands at 1.25680. This indicates a favorable entry point for traders looking to capitalize on potential upward movements in the exchange rate. Setting precise profit targets is essential for effective trading strategies. Take profit levels are suggested at 1.26017, 1.27217, and 1.28148, offering multiple...
Apple NASDAQ:AAPL is in the up leg of phase B of the distribution mode. There would be a potential last leg of upside targeting 200 resistance before a selling. Yesterday strong buying pressure saw return of the bullish buyers. Also, you may watch out for S165.00 support as a strong potential rebound.
PFE has broken out of the downtrend line of 1-year 4 months and has been forming an accumulation. The bullish morning star formation is indicative of a potential rebound going forward. Expect a strong rebound!
DXY has validated a bearish breakout below the lower boundary of its ABC pattern, indicating a potential decline back towards the key level at the bottom. We anticipate a decrease of approximately -1.5% in the DXY index. The confirmation of this breakout is crucial, as the entire projection hinges upon it. Such a move could prompt bullish momentum in the near...
It's all in the proof, the proof is the price, the price is what you pay. I's are yes, Price is perfect, see them to believe them. Don't cry for stop loos hunting, someone from somewhere else shooting, a trap, a hope a la la views. Carve out, crave out, cut out, and shut out! Nifty shows the end of 5, this too. A classic blow out top. A failed Inv HnS. We are...
There are waves, there are counts, then there are banks. Choose the side of the bank where there is plenty of peace. This one moves or has been moving in this channel since February and has been fairly respeceted. We are in the middle of the channel. That is as interesting as drawing the waves, within the channel. Just see them, a break of redline, draws...
GOLD TRADING SCENARIO ON MAY 7, 2024: Strategy 1. From now until 11:00 a.m. - 12:00 a.m. Gold returns to 2208, then Buy Gold immediately. TP hopes to reach 2318, which is further than 2333, but there are conditions necessary at 5:00 p.m. Gold closes above 2316, and vice versa. Gold closes below 2316, then exit Buy and move. Sell direction to 2298. Sell orders...
Short Term Elliott Wave View on Nvidia (NVDA) suggests the stock ended correction on 4.20.2024 at 756.06. From there, the stock starts a new impulsive rally. Up from 4.20.2024, wave 1 ended at 846.07 and pullback in wave 2 ended at 776.80. The stock extends higher in wave 3 towards 887 and dips in wave 4 ended at 852.66. FInal leg wave 5 ended at 888.19 which...
Long break, more in other social media, but back here! Not much changed, but incremental optimism is on the decline. One more schedule of polling, one more insider information, that sure is going to reflect. 1. A reasonable correction before the final results does lot of good than a rise before the counting. 2. those who know it know it, those who don't know...
Audiousdt is displaying a strong double bottom pattern, with the price poised to challenge the neckline. We anticipate that the current accumulation of volume in the coin will facilitate a smooth breakout above the neckline. Our analysis suggests that the immediate target level will serve as a pivotal area for the coin's movement. On the chart, we have...
During the Asian session on Monday, gold fluctuated within a narrow range around 2313. Gold fell to a one-month low on Friday despite weaker-than-expected U.S. jobs data, extending a correction that followed last month's surge as investors took profits and geopolitical risks eased. Although the employment data reinforced expectations that the Federal...
Hello,Traders! CRUDE OIL has made a Retest of the rising support Line and it is making A bullish rebound so Our local bullish bias Is confirmed and we will Be expecting a further Bullish move up Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!
Dominance Tether bounced back higher after hitting the support zone The red range is the dominance resistance, which goes up in case of Sharp's failure In this move, Sharp Bitcoin reaches the range of 52000
AUD against soft USD data this week should give us clearance to go back and explore those upper levels. Let me know yall thoughts. Trade smart, trade safe, trade drippy!
#GOLD- well guys market perfectly hold you bottom and bounced, what do you think now? 2318 is the supporting area now? i think market current supporting area is 2318 now, keep close it , if market hold it then further bounce expected here, keep close it. good luck trade wisely
LVMH (MC ticker! EUR based) in multi-decade uptrend, nice upside momentum overall. Overall I do have one "bearish" scenario, however the probabilites for that are quiet low as of now, so far therefore not tracking. I would say the two big "bullish" scenario, soon nearing a local top and I would primarly expect a consolidation/correction, before going likely to at...
UKOIL didn't have the strength to reach $94, but it seems that Bulls have not gotten the memo just yet. Perhaps a break above $90 reignites the path? I'm doubtful, but we'll see. Failure to pass and hold levels above $90, will likely send UKOIL back to mid-high $70s (before the next major run).