Fetch is currently testing monthly resistance (red) and above a significant macro support level (green) with a lower time frame range that has formed in the current PA. I see additional consolidation before a next leg up to 90 cents.
Currently monitoring for a long setup lower down toward the range's lower quarter quadrant, but want to see a low establish and...
FOREXCOM:XAUUSD remains within consolidation for several days. The market stands still due to the uncertain fundamental environment.
The CAPITALCOM:DXY stands in a narrow consolidation, but at the same time forms an ascending triangle, which can be interpreted as bullish consolidation, pushing the price to resistance with the aim of breaking the limit...
The currency pair is forming a correction after a false break of the ascending channel resistance. The way is open to reach the lower boundary of the channel.
The fundamental background is favorable for the decline, as the news strengthens the dollar, which affects the pound sterling.
Suggested decline ↓:
1) false break of channel resistance
2) false break of...
Company Overview:
Dynatrace Inc. ( NYSE:DT ) operates in the Technology sector, focusing on Software - Application development. As a USA-based company, Dynatrace plays a pivotal role in the ever-evolving landscape of software solutions.
Analysis Summary:
Dynatrace Inc. exhibits strong market signals, characterized by Pull Back (PB), Pocket Pivot, Accumulation,...
The selling continues. Markets are leading the price towards the global target, where the rally started, due to heavy buying volumes. The weak fundamental background related to NFP, Initial Jobless Claims, supports the dollar, on which background gold will weaken
The beginning of correction ↓:
1) Breakout of local support lines
2) Accumulation before further...
Mimedx Group Inc ( NASDAQ:MDXG ) Analysis
Sector: Healthcare - Biotechnology | Country: USA
Company Overview:
Mimedx Group Inc, operating in the dynamic biotechnology sector, holds a prominent position in the healthcare industry. With a focus on innovation and biotechnological advancements, the company plays a crucial role in shaping the future of...
FX:EURUSD is forming a correction phase, within which it aims to test the support of the forming range. There are key nuances that suggest a further bullish trend, but there are also those that hint at a possible medium-term decline.
The market is laying further TVC:DXY weakness amid interest rate cuts from the Fed.
EURUSD is currently in correction on...
Hi folks today I'm prepared for you Ripple analytics. Some time ago price declined to the 0.6700 resistance level, which coincided with the resistance zone, and in a short time broke it. After this, the price some time traded near this level and then continued to decline to the 0.6000 support level, which coincided with the support zone. As well, Ripple entered to...
OANDA:XAUUSD is forming another range of 2050 - 2038. Retest of resistance failed to renew the maximum, thus the market may begin to form a correction to support.
The TVC:DXY has been strengthening since yesterday on the back of positive US GDP data. The expectation was 4.9, the actual data: 5.2, which is positive for the dollar.
But the controversial...
OANDA:XAUUSD within a strong bullish trend is forming a consolidation in the 2018 - 2010 range. Lower volatility is forming and several candlestick indications are forming that price may test support before further distribution.
On D1 we can see that the leading asset, in our case it is the TVC:DXY , is testing support, which may trigger a correction to...
Hi folks today I'm prepared for you Ethereum analytics. A few days ago price declined to support 2, which coincided with the support zone and some time traded close. After this, ETH rebounded from support 2 and made impulse up to support 1, broke it, and rose until to the resistance zone, which coincided with the resistance level. Then price rebounded back to...
OANDA:XAUUSD may be low-volatility on Thursday ( today ) and form a narrow range as it is Thanksgiving Day in the US and in Canada, which I would like to congratulate the people of these two countries!!!
Moving on to gold : The market continues to test the 1984 area. False breakdowns, prolonged trading in this area indicates that buyers and sellers are...
Since August 2023, NEO has had a strong run, as have many altcoins, growing ~141%. It is now trading above all EMA's and recently rebounded from the 20-day EMA as support.
NEO was one of the first 'larger' altcoins to break out of the bearish to bullish phase a few weeks ago. Since then, it has attempted to break the resistance at ~$15 - $15.60, 3-5 times...
DON’T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades at 3:25 pm every day
- Try to exit by taking 4-7% profit of each trade
- SL can also be maintained as closing below the low of the breakout candle
Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days and...
After a nice rally COINBASE:BTCUSD is currently consolidation around the 34k area. On the daily chart we can see a double top forming which could lead to a correction in the near future.
In my opinion, a double-top + correction will be a good thing. If BTC can find support above the 32k support zone (previously an important resistance zone) the recent breakout...
Here we have EUR/GBP on the 4Hr Chart in a beautiful textbook example of a Consolidation Rectangle Pattern! Clearly respecting a Resistance @ .87403 and Support @ .86829!
Accompanying price on my chart is the 200 EMA with price ABOVE it showing it has been BULLISH with the dirty test prior to the pattern.
Along with the Bollinger Bands showing CLEAR signs of...
Bitcoin holds onto gains as a golden cross appears: Bitcoin (BTC) consolidated around $35k USD this week after its price action exhibited a “golden cross” on the daily BTC chart. Market observers have suggested that such price action could portend a continued upward trajectory for the leading crypto.
Sam Bankman-Fried found guilty on all counts: Sam...
