Mihai_Iacob

Mihai_Iacob Updated 

After reaching a high around the 1.85 zone, FX:EURNZD initiated a correction that eventually settled near the 1.75 zone. Throughout the end of October and all of November last year, the pair formed a lower high around the 1.82 zone. Subsequently, following the formation of a double top pattern, the pair breached below the neckline and the rising long-term trend...

Mihai_Iacob

February has been marked by two significant breaks for FX:AUDUSD : one below the 0.6525 technical support and another below the psychological barrier of 0.65. With the pair now trading back above both levels, there is a strong likelihood that these breaks were false. As typically observed with false breaks, a robust reversal in the opposite direction may...

Mihai_Iacob Updated 

In a previous analysis of OANDA:NZDUSD , I mentioned that as long as the 0.6 zone remains intact, the decline from the recent high could not be categorized as more than a mere correction. Since then, the pair has consolidated but has remained resiliently above the mentioned level. Last week brought about a new reversal from the support level, and as of the...

Mihai_Iacob

Two days ago, in a short-term analysis of FX:EURUSD , I mentioned that the 1.0790-1.0800 zone is pivotal for a potential reversal in the currency pair. The pair did break above that level and is currently consolidating above it. Now, I find myself wondering whether this marks a reversal in the medium-term trend or simply a correction from the year's...

Mihai_Iacob Updated 

As outlined in yesterday's analysis, as long as the 2015 zone remains intact, the bullish outlook prevails in OANDA:XAUUSD , and we can anticipate a rise above Friday's high. Indeed, this scenario unfolded, and the price managed to climb to the 2030 zone. However, following an initial correction during yesterday's trading session, Gold failed to surpass the...

Mihai_Iacob

Similar to my analysis on PEPPERSTONE:NAS100 , I also anticipate a decline in the case of $CBOE:SPX. The index attempted twice to remain above 5000 but failed, and it appears to be forming a double top in that area. From a technical standpoint, the trend remains strongly bullish. However, a drop below 4930-4950 would interrupt this aggressive uptrend and...

Mihai_Iacob Updated 

After reaching a peak above $2700 and experiencing a typical correction, BITSTAMP:ETHUSD performed well technically. It remained above the support levels between $2150-2200 and yesterday, it finally broke through the $2400 resistance. The current outlook for EthUsd is strongly bullish. As long as the price stays above the $2400 zone, we can anticipate a...

Mihai_Iacob

A few weeks ago, I mentioned the possibility of BINANCE:SOLUSDT retracing to the 80 zone support level once more. However, Solana surged upward and triggering my stop loss in the process. Despite this turn of events, my perspective on the market remains unchanged, and I still anticipate a return to the 80 level. From a technical standpoint, the recent up move...

Mihai_Iacob

BINANCE:INJUSDT is another token that has received a lot of hype this year, but, similar to LCX's situation, all this hype hasn't led to a price increase. If we look at the chart, we can see that after breaking above the important $10 resistance level, the price sharply rose by 400%. However, after initially surpassing $40, INJ entered a consolidation phase....

Mihai_Iacob

As you are aware, I've held a bullish outlook on FX:USDJPY and anticipated a rise from the 145.50-146 zone. My target of 150 has not only been met but surpassed. However, after peaking for the year at 150.87, the pair initiated a minor correction and started to consolidate. While we lack confirmation for a reversal at the moment, there are indications...

Mihai_Iacob Updated 

The LCX token experienced immense hype over the past month, and in the last two weeks, nearly every content creator and influencer on the web discussed its potential for a 10x-20x increase or more. However, despite the buzz, the chart doesn't reflect the same enthusiasm. The price struggled to surpass the 0.03 mark, and rallies were consistently met with selling...

Mihai_Iacob Updated 

Since the beginning of the year, FX:EURUSD has been in a downtrend, with the single currency dropping more than 400 pips in the past two months. However, after a false break below the horizontal support last week, the pair quickly reversed course and is now once again approaching the important 1.08 zone resistance. Taking into account the false break and...

Mihai_Iacob

Like most Altcoins, BINANCE:GALAUSDT also broke above a falling wedge's resistance in Oct-Nov of last year. It experienced an initial leg up, followed by roughly a 300% increase, and then underwent a normal correction afterward. The price halted its decline from the recent high at the 61% Fibonacci level and has begun to rise again, possibly indicating the end...

Mihai_Iacob

In my comment from yesterday, I emphasized the significance of the 2010-2015 zone as a crucial support level. As long as this level remains intact, the bulls maintain control of the market sentiment and price direction. Despite experiencing a trading session characterized by low liquidity due to a bank holiday, the price exhibited a perfect reversal from this...

Mihai_Iacob

BINANCE:HBARUSDT is a coin that I've been closely monitoring this year, awaiting a buy confirmation. As depicted on the chart, after experiencing a more than 90% drop from its peak, the price began consolidating and has now formed a clear resistance in the 0.10 zone. This significant resistance was finally breached yesterday, and if it proves to be genuine, we...

Mihai_Iacob Updated 

Following the low at the beginning of 2023, NASDAQ:COIN began to rise in a notably constructive manner, eventually reaching a peak at 186. Subsequently, a typical correction ensued, and presently, the stock is trading precisely at the former resistance level of the long-term consolidation phase. In my view, this presents a favorable buying opportunity, with a...

Mihai_Iacob

Since the low at 14k at the end of October, PEPPERSTONE:NAS100 has risen strongly, reaching a high at 18k. More importantly, this translates into a 30% increase, which is substantial within such a short time frame. Upon closer examination of this upward movement, we observe that it is contained within a rising wedge, which typically signals a reversal....

Mihai_Iacob

After experiencing an initial surge of around 50% alongside the broader crypto market back in November of last year, the price action of BITSTAMP:XRPUSD has been rather disappointing for the XRP Hodl army, characterized by a consistent pattern of lower highs. However, recently, following a new test of the 0.5 zone, the cryptocurrency has shown signs of life and...