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On December 6, 2024, the U.S. labor market exhibited a robust recovery, adding 227,000 jobs in November. This significant rebound followed October's modest increase of 36,000 jobs, which had been dampened by hurricanes and a major strike at Boeing. Financial Times Despite the strong job growth, the unemployment rate edged up to 4.2% from the previous month's...

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Bitcoin scenario is repeating itself now the same scenario that happened in April 2021 will repeat again trading above 30k will support the big move to 60k again!

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USOIL formed AB=CD pattern which supports the bearish bias targeting 71$ level stop loss should be placed above 77.50$

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AUDNZD breaks Symmetric Triangle Pattern and closed new candle above it supporting bullish move and targeting 1.0647

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Analyzing trends and price changes are two very important things traders focus on to gain profit. Trends allow traders to predict future prices and how they would change. Two types of trends that exist in the market today are uptrends and downtrends. Each type of trend tells a different story and has its own impact on a traders success in the market. While...

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GBPUSD is poised for a breakout if BOE sounded hawkish tomorrow. - The Bank’s Monetary Policy Committee meets tomorrow to decide what to do on borrowing costs, which remain at record lows of 0.1%. - If BOE hinted that it may raise rates in first half of 2022, specially after the inflation hit 10 year high in NOV - Inflation at 10-year high puts fresh pressure on...

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GBPCAD Formed Crab Harmonic Pattern which supports the bullish bias targeting 1.7110 stop loss should be placed at 1.6620 Fundamental commentary: GBP has also lost a key tailwind since the emergence of the Omicron eased expectations for a BoE rate hike this month. Omicron variant introduced significant uncertainty into global markets, with a BoE rate hike...

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AUDJPY breaks Symmetric Triangle Pattern and closed candle below the lower trend line. we expect small retracement before price pushes again to expected targets @80.55 and then @80.00

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Gold Breaks Symmetric Triangle Pattern and closed above the upper line. expected target @1805.90

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NZDCHF breaks channel pattern and tests order block formed @0.6260 creating reversal candle at the same level. expected target @0.6240

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Dollar Index (DXY) breaks ascending triangle pattern and strong resistance level. TakeProfit @96.38

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Gold Breaks Channel Down Pattern and retests the broken channel targeting previous order block @1787

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NZDCHF breaks Falling Wedge Pattern @0.6240 heading to first major supply level @0.6300 which is our first target for the patterm

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A descending triangle is a bearish chart pattern used in technical analysis that is created by drawing one trend line that connects a series of lower highs and a second horizontal trend line that connects a series of lows. Oftentimes, traders watch for a move below the lower support trend line because it suggests that the downward momentum. the pair is...

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What is a rising wedge? A rising wedge is a technical pattern, suggesting a reversal in the trend . This pattern shows up in charts when the price moves upward with higher highs and lower lows converging toward a single point known as the apex. There are 4 ways to trade wedges like shown on the chart (1) Your entry point when the price breaks the lower bound...

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USDCAD Formed Ascending Triangle Pattern and moving inside up channel. If price breaks upper trend @1.2836 next target level will be @1.2950

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GBPAUD formed Symmetric triangle pattern, moving in clear bullish structure. If price breaks symmetric triangle and current order block @1.8785 next price level @1.8900

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Steps for opening a trade based on support and resistance - Mark support and resistance on the chart by spotting peaks and trough around the same price level - wait for price bounce from support level / or rejecting from resistance (reversal candlestick would be favoured) - place your stop loss under the support level and take profit below resistance level in...