USDJPY: What's Next? 400 points as expected from the old analysis In this video, I shared with you my opinion on USDJPY. Tomorrow we have the BOJ's decision on interest rates which will create price volatility in the market. So let's get ready You can watch the video for further details! Thank you and Good Luck! ❤️PS: Please support with a like or comment if...
GOLD at a Crossroads From the last update on gold, the price tested the 2144.90 price zone which was also our strongest support area. As we can see the pattern was completely transformed. This is happening for two reasons. Firstly the price is still manipulated and Secondly, it is waiting for FOMC on WEDNESDAY, MARCH 20. The current pattern can push the price...
OIL: This new bullish wave could push oil further to 85 Technical Analysis: The price of oil broke out of a strong bullish channel. The price reached 80.80 on 01-Mar-2024 and during all these days it created the second bullish channel pattern which lasted for 11 days. The breakout from the pattern turned out to be solid, increasing the chances of oil testing...
USDCAD Can Move Down From The Resistance Zone Near 1.3600 USDCAD is near a strong area of major resistance that was tested twice over the last month and it stopped there. USDCAD may face strong resistance near the 1.3600 price area for the third time. If this happens, then we can see the USDCAD moving down again as shown on the chart. In the middle of the big...
QS QS About To Rise Again- Complex Pattern From our previous analysis, the price reached the first target again and it is still in the same position. The pattern is very complex again for Quantum Scape Corporation. This is offering another trading opportunity. The lowest low was created at 5.11 and the price tested this zone for the second time. The price...
CADJPY may rise further despite BOJ speculation of a rate hike Reuters report - The Bank of Japan (BoJ) is arranging to end the negative interest rate policy at the March 18-19 meeting, Reuters reported on Thursday, citing Japanese news agency Jiji. "The central bank will make a final decision after reviewing the preliminary survey result on this year's...
BTC May Test 72K-73K Again - Multi Time Frame Analysis On the weekly chart the price broke out from a strong resistance zone at 69K by creating in this way a new All-Time High near 73777. So far the trend is still strong and bullish. On the 60 min chart which is the only clear frame for the moment after the weekly chart we can see that BTC created a bullish...
EURUSD May Test 1.1000 Again Before FOMC Over the next week, the focus will be on the FOMC meeting. The market is waiting for any sign of a possible rate cut and when it will happen. Over the past week, the focus turned to PPI data which showed slight strength and the market speculated that the FED would keep rates unchanged for longer. However, one month's...
GOLD: Another Complex Price Developement As I explained in the previous analysis after the price broke out of the small channel pattern the chances of a minor or major bearish move were high. GOLD declined near the first and strongest 2145 support zone reaching 2150.50 We can see that the price continues to contract and is taking the form of a contracted...
EURCAD: Near a Breaking Point - Structure Analysis EURCAD is close to a breaking point. 1.4765 proved to be a strong area as it has already stopped the biggest price rally. If the price manages to break 1.4765 with a strong candle, then EURCAD should rise to the other resistance zones: Resistance/Target Zones: 1.48600 ; 1.4940; 1.5025 If the price manages to...
RTY - Russel 2000: Bearish Harmonic Pattern RTY index completed a bearish harmonic pattern. The first price reaction was aggressive and good for this type of pattern. We may see any correction again up to 2060 - 2070 before the price moves down further. Next week, on Wednesday, March 20, the market will await the FOMC meeting and if they will make any change...
GOLD - It Moved Down as Expected But It May Rise Again In today's video, I shared some other details related to gold. The base analysis remains the one that I posted two days ago. You may find more details in the video! Thank you and Good Luck! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️ Previous analysis:
EURGBP: ECB representatives are creating pressure on EURO pairs Today in a press conference ECB's Stournaras said four rate cuts for this year seem reasonable...and that's not all Other comments: We need to start rate cuts soon Should not exaggerate the risk of a wage-price spiral This does not buy the argument that the ECB cannot cut rates before the Fed Four...
XPEV: Reversal From February 2024 After the price completed a bullish harmonic pattern near 7.8 we can see a clear bullish price reaction. This movement could be also the beginning of a new bullish trend. 7.8 price zone was tested at the begining of February and so far the price is only rising indicating for further growth. Targets on the chart 12.30 and...
GBPUSD: The Bullish Picture is Still Intact The Consumer Price Index (CPI) in February exceeded estimates of 3.1% YoY as inflation printed 3.2% and above January’s 3.1%. Underlying inflation, as measured by the core CPI, stood at 3.8% YoY, down from 3.9%, but missed the consensus of 3.7%. Despite the good inflation data, the GBPUSD failed to recover much of the...
CADJPY: Head and Shoulders Pattern With a Sloping Neckline Technical Analysis: After the price reached an all-time high zone near 111.80 we can see the creation of the Head of our pattern. This is an ugly variation as it has a sloped neckline but it tends to perform well as a classic "H&SH" Pattern. The price is testing a strong support zone for the moment...
ETH and BTC Analysis - Ethereum is expected to grow even more From the analysis I posted yesterday ETH hit our first target. With BTC already hitting a new all-time high of 72.8K chances for more growth in Ethereum are growing. You may find more details in the video! Thank you and Good Luck! You may find further details in the video! Thank you and Good...
Why is The GOLD Price Manipulated? GOLD Fundamental and Technical Analysis! In today's video, we will look at all the details from a fundamental and technical point of view. What is causing the price of gold to skyrocket and test all-time highs in a normal situation? You may find further details in the video! Thank you and Good Luck! ❤️PS: Please support with...