Hello traders, I want share with you my opinion about Gold. Observing the chart, we can see that the price reached the support level, which coincided with the buyer zone, and soon broke this level and continued to grow inside the pennant. In this pattern, XAU rose to the current support level, which coincided with the support area, and even rose higher and reached...
Hello traders, I want share with you my opinion about Euro. By observing the chart, we can see that the price some days ago rebounded from the support level, which coincided with the support area and started to grow to the resistance level. In a short time price reached the 1.0895 level, which coincided with the seller zone and soon broke it, after which it even...
Hello traders, I want share with you my opinion about Ethereum. Looking at the chart, we can see how the price declined to the resistance level, which coincided with the seller zone and even fell below this level but soon backed up to the seller zone. ETH some time traded in this area and later rebounded up to 3717 points, after which it turned around and made a...
Hello traders, I want share with you my opinion about Bitcoin. Observing the chart, we can see that the price a not long time ago rebounded from the mirror line and made a strong upward impulse to the current support level, which coincided with the support level, thereby breaking the 60300 support level also. After this, the price started to trades inside the...
Hello traders, I want share with you my opinion about British Pound. By observing the chart, we can see that the price a not long time ago started to trades inside a downward wedge, where it rebounded from the support line and rose to the resistance line, coinciding with the resistance level with the seller zone. After this move, GBP turned around and in a short...
Hello traders, I want share with you my opinion about Gold. Looking at the chart, we can see how the price a few moments ago entered to upward wedge, where it at once made a strong upward impulse from the support line to the resistance level, and even soon broke it, breaking the support level also. After this, XAU rose a little more, after which made a correction...
Clear wedge forming on CRYPTOCAP:BTC over several supports: - Parallel multiyear channel - Important VWAP quarter horizontal line (orange line that coincides with a Fib Level - blue line) - Fib Level (blue line) from last flag in February - Insinuating over wedge ceiling line (dark blue) So, we have a very good confluence there; maybe a scary quick drop...
Hello traders, I want share with you my opinion about Gold.Looking at the chart, we can see how the price some days ago entered to upward pennant, where it at once rebounded from the support line and made a strong upward impulse to the resistance line, thereby breaking 2285 and 2380 levels. After this movement, Gold turned around and in a short time declined lower...
EUR/USD responded to new demand and rose to 1.0750 in the European trading session on Thursday. From a technical perspective, a positive signal is emerging as EUR/USD may be forming aa cup and handle. In this scenario, the expectation is for the price to continue rising to the first resistance level at 1.0727, followed by the psychological milestone of 1.0885.
USD/JPY is currently at multi-decade highs, closing at 155.00. Traders are exercising caution due to increased risks stemming from Japan's forex intervention. The recovery of the US dollar (USD) is bolstering the upward momentum of USD/JPY. From a technical standpoint, the pair is trading above the Simple Moving Averages (SMA), indicating a stable uptrend....
In the European trading session on Wednesday, the EUR/USD pair continued to close steadily around the 1.0700 level. Positive sentiment from Germany's IFO psychological data helped stabilize the Euro. On the 4-hour chart, despite recent price declines, the Simple Moving Average SMA 20 remains above the SMA 50 after completing a bullish crossover on Tuesday....
In the US trading session on Friday, the price of gold (XAU/USD) faced pressure as it sought to reclaim near-record highs around 2,430 USD. Despite a slight decrease, the price of gold remained within its upward trend, supported by safe-haven inflows amid escalating tensions in the Middle East. Looking at the chart, we can see that the price of gold is...
Hello traders, I want share with you my opinion about Euro. Looking at the chart, we can see how the price a not long time ago started to rise inside the upward channel, where firstly it declined to the 1.0780 resistance level, which coincided with the seller zone. Soon, the price broke this level and declined to support line of the channel, after which EUR at...
On the 30-min chart Gold is projected to reach 2082 soon, then a slight correction, then a journey upwards. RSI and MACG are supporting this view.
Bullish Divergence on the weekly time frame (annual time frame) indicating a run for the next 4 months. Oversold stochastic Market exhaustion on the RSI, also showing bullish divergence.
The weekly chart analysis suggests a potential upward movement. The 14-day stochastic oscillator has reversed from the oversold zone, indicating a momentum shift. Price found support at 220 level. A fresh divergence on the chart adds to the indication of an upcoming upward trend. Buy at Market, Target at 235, Stop Loss at 218
🐂 Trade Idea: Long - BWA 🔥 Account Risk: 1.00% 📈 Recommended Product: Knockout 🔍 Entry: +/- 48.28 🐿 DCA: No 😫 Stop-Loss: 45.29 (46.67 for aggressive trade) 🎯 Take-Profit #1: 51.05 (50%) 🎯 Take Profit #2: - 🎯 Trail Rest: Yes 🚨🚨🚨 Important: Don’t forget to always wait for strong confirmation once possible entry zone is reached. Trade ideas don’t work all...
Tesla is set to continue cruising upward despite strong sell indicators arising and constantly failing. Tesla is defying the odds in this hot market and with news of the $7500 tax credit for owning a Tesla automobile, the stock will only further rise. Fundamentals can impact trading to a point where the technicals are useless. The debt ceiling deal bull run is...