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Hi there, You may not know the exact direction that the price will take or how it will reach your target. It could temporarily move downward before moving up and eventually hitting your stop-loss level. Alternatively, it might smoothly move in the desired direction, or it could unexpectedly reverse without gaining the anticipated momentum, potentially resulting...

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Hi there, GBPUSD is a long-term trade idea stretching as far as 3 months with this weekly setup. It currently does not appear ideal for day trades for Forex traders, but for binary traders, this pair is still fine. So we focus on the longer-term range for this one. It appears that the market trend is held by the 1.40000 market high range, with a lot of bearish...

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In the H1 timeframe, something interesting happened. The price went below the 50 EMA and then made a lower high candle near 0.88500. After that, it dropped to 0.88205, which used to be a high. Now, there are a couple of things that could happen. The price might dip below this support line, making it seem like it's going down, but then it could change course and...

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Hi there, Fundamentals : Despite an unexpected surge in US crude, gasoline, and distillate inventories, oil prices experienced a slight increase on Wednesday. WTI crude futures stabilized above $73 per barrel, initially surging over 2% after government data revealed unanticipated rises in US stocks. Investors are now closely monitoring the forthcoming OPEC+...

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Hi there, Fundamentals : Gold prices in Asian trade reached a near seven-month high, driven by signals from Federal Reserve officials suggesting an early pivot by the central bank. The decline in the dollar and retreating U.S. Treasury yields also benefited gold. With concerns about a global economic slowdown due to weak readings from Japan and the eurozone,...

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Hi there, Fundamentals : The struggle of Bitcoin to actually break above the 39,000 level continues despite increased capital inflow from institutional investors. There has been a surge in demand for digital assets, with positive inflows to the market for nine consecutive weeks. The anticipation of a spot Bitcoin ETF and the halving event next year contribute to...

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Hi there, Overview : The ABC dragon pattern is a type of technical analysis pattern seen in candlestick charts. It is known for its distinct shape and can provide valuable insights into potential market trends and opportunities. In order to understand and identify this pattern, we need to analyze the low and high points of the candlesticks involved, along with...

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Hi there, ]Technical Overview : The ABC pattern is a commonly observed technical pattern in financial markets. It consists of three price swings or legs, labeled as A, B, and C. This pattern is often used to identify potential reversals or continuation of trends. In the ABC pattern, the extended leg refers to one of the legs (B or C) that exceeds the range of...

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The price came down and made a low round of 0.95647, then went up and crossed the blue 50 EMA, and came and touched the 50 EMA but could not go below it, and this is above the previous high. The price might go higher as long as it keeps making higher lows above the 50 EMA for a bias of 0.96721. K.

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Hi there, Fundamental Overview Cardano (ADA) experienced a significant rise of nearly 18%, while Polygon (POLY) saw an impressive 26% increase. BNB and XRP also had decent gains of over 10% and nearly 9% respectively. This positive news continued to fuel the market rally. After the recent market-wide correction, Cardano has impressed with a strong recovery....

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Hi there, Fundamental Overview : Economic disparities between Europe and the U.S. pose challenges for the EUR/USD. Anticipation of both the Federal Reserve and the European Central Bank maintaining current short-term interest rates. The eurozone grapples with economic challenges. In contrast, the U.S. economy exhibits resilience amid global economic...

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Hi there, Overview Fundamentals : The Nifty 50 index encountered resistance at 19,850, leading to a significant intraday decline. Despite a mixed day in Indian shares, a rally sparked by positive U.S. interest rate news and falling oil prices was tempered by a drop in financial stocks due to tightened consumer lending rules. Market Movement : After a two-day...

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Taking a look at ZARJPY in the H1 timeframe, I notice that it's currently at the (X-Y) leg, meeting the 50 EMA. However, it's important to note that the sequence isn't theoretically complete; - it reaches completeness at point Y. What piques my interest is the possible completion of point (X). This could potentially signal a shift towards a bearish trend leading...

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Hi there, SND map setups like these are best followed by an RSI indicator. They are practiced in exclusive groups with strict private access. I was blessed to meet a friend who shared some examples of these. They are based on turning points, pin-bar reversal lows and highs, and momentum, taking candle pattern formations at certain areas for projection. It takes a...

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NIFTY BANK seems to be retracing at the M30 timeframe before continuing its upward trajectory toward 44577.40 with a bias of 44881.35. Happy Trading K.

Khiwe Updated 

The EURUSD currently shows a potential for an upward movement, indicated by the presence of a doji candle. However, it's worth noting that the price is being restrained by the resistance at 1.07500, which previously exerted bearish pressure by breaking a prior low that formed a high. My anticipation is for the price to maintain a bearish bias. However, should it...

Khiwe Updated 

Hi there, The price might go up a bit before going down again, because it found support at a previous high. We're looking at a target of 1.06588, with a bias of for 1.06358. K.

Khiwe Updated 

At the M30 timeframe, AUD/USD appears to have a bullish outlook with a bias toward 0.64647 as a potential immidiate price target. This assessment is based on the price's reaction to a support area zone. K.