NZDJPY: Descending channel - Very Risky Price completed a "Descending Channel" and so far we can also see a bullish breakout. It is very risky as forecast because JPY pairs are moving these days anyway it can work well as it is in line with the big trend. Strong resistance zones will be found near 91.55 and 91.75 Do your work before initiating any trade! ...
EURUSD: Euro advances to daily highs around 1.0860 Even today EURO is advancing against its rival US dollar The price already tested daily highs daily highs around 1.0860 The pattern is still bullish and EURUSD keeps accumulating bullish volume. This week will be very intensive. We have many events that will act as market catalysts and push the price up and...
GOLD: What could happen near the year 2144? After BTC we saw all the market moving crazily and without any strong reason. GOLD was one of those financial instruments that also made a strange move. The whole market is just speculating about the US data, that it wasn't that good, and maybe that created the bullish wave over the past week. Is this the...
MATIC may advance further this week During this week Matic broke out from a strong key resistance zone located near 1.0900 So far the price is holding very well above the new support zone by opening the doors for more upside movement. Considering that it didn't move during the BTC bull run and the fact that it's a great project we may see Matic rising after...
BTC and ETH: Top-Down Analysis Today I shared with you a detailed trading plan on BTC and the reasons why we have to be careful. On the other hand, ETH has to develop more before the next movement! You may watch the video for further details! Thank you and Good Luck! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
USDCHF: 0.8530 Should Hold Strong Before Rising Further For the moment USDCHF is still in correction and on the bigger picture USDCHF should rise further. Strong support is found near the other structure zones 0.8530: If 0.8530 stops the price USDCHF should begin a bullish wave soon. Resistance & Target zone: 0.8912; 0.9030; 0.9105; 0.9220 You may find...
DXY May Test 104.20 again Since when I posted DXY analysis two day again we can see that DXY is without any direction so far. it is still moving between 103.70 - 104.20 The US ADP and NFP employment data will be the focus of the market during this week related to the USD pairs. I don't think it will begin any direction before the news. Today the price may...
LTC: 79-84 Support Zone can push the price further Finally, after a long time, LTC broke out of the 79 resistance zone and now turned into resistance. The bullish optimism in the crypto market is pushing all ALTs to reach old zones again. Chances are that LTC can easily reach 113 as it was before in July 2023. Considering BTC and ETH are near all-time highs...
XLM: A Simple Trading Scenario During the last weeks, XLM has been moving in a wide and not clear trading zone between 0.10000 and 0.1340 The price is close to the support zone again and we can see the bulls to join the party between 0.1025 - 0.1100 This zone can be a strong support zone which can push the price higher again up to 0.1340 where it was during...
EOS: Don't Miss The Big Bullish Wave This can be one of the best long-term trading opportunities. The price tested a strong area near 0.665 and it is increasing the chances for the bullish wave soon. EOS is developing very well outside of the pattern and it is also undervalued so far. On the weekly chart, the stochastic indicator is oversold conditions by...
XRP: Ripple +6.5% So Far And Can Test 0.7000 I posted this analysis 10 days ago. At that moment the price was 0.5600 as shown in the previous analysis. The price increased by +6.5% during these days. Currently, XRP started the bullish movement following BTC and ETH movements. However, it has a strong bullish pattern on its side as well. This is increasing...
EUR/CAD struggles around 1.04750 as the market focuses on Eurozone CPI data Today the market is focused on Eurozone CPI data. It will be important how the market will interpret these data today. 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❤️
MATIC: Both Scenarios Are Possible Considering Matic's price position, both scenarios are possible. If the price will develop below the red zone of 1.0940, there is a higher chance of falling again. If the price bounces above 1.0940 then it will continue with a bigger bullish move. So for the bullish move is required confirmation. In my opinion, it can move...
NZDUSD in a Megaphone Pattern NZDUSD is creating a megaphone pattern after a bullish move confirmed last week. It was a sudden move but that's the market. Speculation last week about a possible rise in interest rates from the Reserve Bank of New Zealand was a big one. RBNZ Governor Adrian Orr said there was a strong consensus among policymakers that rates were...
NZDJPY: Very Risky Sell The price is about to complete a large harmonic pattern. In the current conditions it is still very risky because it is all about BOJ and the next intervention in the market. The market is not reacting at all lately and it keeps rising on hopes that BOJ will make a big mess again. I do not understand if they are doing their job or...
During the last 24 hours, DXY has been stuck between 104.23 and 103.75 and decreased by -0.45% 103.75 is an area where DXY found buyers again and is rising so far. Today's focus remains on the US Core Personal Consumption Expenditures - Price Index on a yearly and monthly basis. It should be a strong market catalyst for the US dollar moves today. A move of #DXY...
GBPNZD Poised To Rise Further During this week GBPNZD broke out from a large bullish pattern. It is not clear if this bullish volume will continue for a long time. However, on the current picture, GBPNZD looks poised to rise further. The first resistance zone will be near 2.0865 and the second zone could be near 2.0920 After the second zone I would like to...
SHIBA: Still Waiting For Bulls To Join The Party After the price broke out of the pattern SHIBA only managed to test the small target. It is likely to test the previous support area (in blue) before the price moves even higher. Given that SHIBA has reacted several times in the past near the same area, this is increasing the chances of a larger bullish wave. ...