Technical analysis of gold also shows bullish prospects. Gold prices have charted an ascending widening wedge pattern since 2016, starting from a low of $1124.30. This pattern is often recognized for its expanding trend lines and suggests increasing volatility and bullish sentiment as price makes higher highs and lows.
Furthermore, another bullish pattern has...
The published minutes of the BoJ meeting show that most board members took a “hawkish” stance, calling for a rate hike. However, many analysts believe that the Bank of Japan will take only one such step in the second half of the year.
Technical Analysis
USD/JPY rally is set to continue, as momentum is on the side of buyers, as depicted by the Relative...
the Bank of England’s (BoE) Monetary Policy Committee maintained the interest rate at 5.25%, the highest in 16 years. Economists polled by Reuters mostly expected borrowing costs to remain unchanged, with a committee vote ratio of 8 to 1. However, the vote was 7 to 2. During discussions, two committee members supported a rate cut to 5.0%, which market...
NZDUSD is in a downward trend channel. This suggests that the New Zealand dollar is weaker than the US dollar. Price has recently showed some rejection at the top of the channel therefore we are looking to sell. The Take Profits target should be 0.58807 .We will set our Stop Loss at 0.60400 to manage risk in case the price reverses. It is important to closely...
Throughout the past week, EUR/USD exhibited mixed dynamics, primarily driven by expectations concerning potential interest rate cuts by the US Federal Reserve (Fed) and the European Central Bank (ECB). Statements by officials from both central banks, as well as economic macro-statistics, either heightened or lowered these expectations.
CB Chief Economist Philip...
XRP/USD is falling towards a support level which acts as a pullback support that aligns with the 100% Fibonacci projection and could potentially bounce from this level to our take profit.
Entry: 0.4747
Why we like it:
There is a pullback support level which lines up with the 100% Fibonacci projection.
Stop loss: 0.4512
Why we like it:
There is a support level at...
FXOPEN:XAUUSD Monday opening session is hovering around the 2358 price level. As no bullish attempts to be seen so far, it opens the door for a deeper pullback that can ping the 2352 before a new upside target in the 2390 price area.
A stable breakout of 2364 resistance will negate this pullback.
Just 3-5 years ago, the concept of "real assets" was clear-cut - physical items that could be owned such as stocks, gold, and currency. On the other hand, "derivatives" referred to intangible assets like swaps, options, and CFDs that allowed for profit-making. However, the emergence of cryptocurrencies and blockchain technology has completely transformed this...
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Hello,
Weekly and daily outlooks of DPR looks like its gonna continue dropping with temporary support at 0.006000.
I would short this pair below 0.006838 with risk cutoff at 0.007237 and profit scoop-in at 0.004181, not forgetting that we will move SL to entry or close partials @ 0.006000.
Warning: trading derivative...
BYBIT:BTCUSDT.P
BTCUSDT
Trade Idea - 15m/4H
Bullish BB + ChoCh + Target Liquidity Void above
Bullish Daily Bias
Potential Entry
Sunday 12 May '24, 21:12
npct
What do you think?
*I welcome feedback and alternative perspectives from other traders.
*Always consider Stop loss for your positions
*Not financial advise
*Follow your own strategy:
this is just...
Follow the trajectory.
Will be a money-maker!
This stock will Regain its Previous High. It is Forming a basing Pattern so many Successful stocks lay out before going on to Astounding heights.
(There is also a chance that they will beat estimates, due to easy comp's and expectations.)
I am taking a contrarian view and bagholding rune... never been more bullish in my life. Love the negative sentiment I am seeing these days.
This is not financial advice I have 0 idea what rune does
OSMO is making new lows...
this may be good... for who likes to DCA into a falling knife (joking)
or may be pretty bad (investors lost confidence)
As we may know... if binance has not decided to get rid of a coin.. they still support the project (in some way or another).
Targets are versus BTC pair.
This may the bottom. We shall see !
Caxton (CAT) is a South African printer and publisher. This company is at the heart of the displacement of hard copy by digital and it is adjusting by reducing costs and trying to move across to digital platforms. But there has been a steady erosion of advertising revenue and even before COVID-19, the purchase of magazines has been in decline. In its results for...
Brimstone (BRT) is a black-controlled investment holding company with a diverse portfolio of holdings. It owns: 1. 54,2% of Sea Harvest, which is a listed fishing company and has a market capitalisation of just over R4,5bn. 2. 100% of Lion of Africa, a loss-making insurance company, which decided in November 2018 to cease operations and close its doors. 3. 100% of...
