Hello Traders, welcome to today's analysis of EurUsd. -------- Explanation of my video analysis: EurUsd has been trading in a pretty obvious descending channel for over a decade and is currently retesting the top resistance of the channel. Furthermore there is a horizontal structure level around the $1.09 level which is also acting as resistance. I am...
At the close of last week's trading, Gold has shown resilience by surpassing the $2,000 mark. Recent US economic indicators hint at persistent inflation, despite signals of potential policy adjustments from the Federal Reserve. Notably, Producer Price Index (PPI) data exceeded expectations, underscoring the Fed's ongoing efforts to manage inflation. Additionally,...
Hello Traders, welcome to today's analysis of EurUsd. -------- Explanation of my video analysis: Starting in 2008 EurUsd has been trading in a descending channel for more than 15 years. At the moment EurUsd is retesting the upper resistance of the channel so a move lower is quite expected. Furthermore EurUsd is also retesting previous support which is after...
According to recent data from the UK's National Statistics, the second-quarter Gross Domestic Product (GDP) registered a 0.2% QoQ growth, aligning with the initial estimate and continuing the trend from the previous reading. Dive deep into the market dynamics as late-week price action propelled Cable back to the opening levels of the previous week, hovering around...
NASDAQ:CGC - REKKKT This is not supposed to happen before factor X (luck?). IMO I think I did with the analyzing solid job. Please, no matter how small thing it might be. Let me know in the comments to improve I'll walk you through my thoughts: The Canopy Growth Corporation hit it's bottom on Fri 07/14/23. It fired up those Dank fueled rockets to head outer...
Hello Traders and Investors , my name is Philip and today I will provide a free and educational multi-timeframe technical analysis of Gold 💪 Looking at the overall picture you can see that Gold retested the previous all time high which was roughly at the $2060 level and from there just once again rejected towards the downside. With this week's candle it...
By the end of the previous week, the Oil prices appear to have stabilized in a trading range between 74.00 and 67.00 per barrel. Sluggish data coming in from the Chinese economic docket (the world's number one importer of crude oil) is not helping matters at all; with a 1.4% decline in imports and an 8.5% drop in export growth. The economy seems to be struggling...
Welcome back to another video, today's video is about analysing GER30 (DAX) using the monthly, weekly and daily timeframe to understand and see price movements for possible next direction (either downwards or upwards trend). P.S NOT A FINANCIAL ADVISOR... JUST EDUCATIONAL AND LEARNING PURPOSE ONLY...
Last Friday NFP's positive report appears to have interrupted the downside turn. Despite the strong bearish expectations from the majority; the bulls could be about to make their move as multiple rejections of the $1,700 area from the buyers occurred for the second time in the last two weeks. In this video, I detailed my expectations based on the current structure...
The Gold appears to be recovering from a month low of $1,680 to reclaim the $1,720 area which is my key level for the week on the dismal US PMI to set the tone for a shorter bullish bias. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The...
This is a follow-up detail on my previous analysis as my bearish expectation appears to be intact (check the link below on my tradingview platform for reference purposes). This video explains how I plan to take advantage of a trend continuation to the downside with a caveat. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity...
Price action has been caught within a descending channel since the month of June and we are not sure if the price is going to continue to respect this downtrend situation or could there be a breakout of the channel to incite a bullish momentum? This video explains how I intend to take advantage of a trading opportunity this week. Risk Disclaimer: Margin trading...
It is going to be a busy week as eyes remain fixed on Non-farm payroll. Traders will also pay close attention to the ISM manufacturing report on Wednesday and the Conference Board consumer confidence reading on Tuesday which is expected to show a significant deceleration. The main economic release on Friday will be important to see if hiring remains strong. The...
Going into the new week, the upside potential of the Greenback against the Japanese yen appears to be becoming more limited as falling Treasury yields is undermining the pair’s most potent logic. Technically, the appearance of a double top structure right above the 131 area followed by the breakdown of the neckline is a signal that there is a risk of further...
Price has made a descending channel that grab liquidity and moved up impulsively. Price has a high probability of going up, to the start of the channel, so I am waiting for a bullish signal,
The price is creating a descending channel on the daily timeframe. We can see two false breakout. Not the price is creating a consolidation above the daily support and dynamic resistance How to approach? IF the price is going to have a breakout from the daily dynamic resistance and weekly resistance (120$) According to Plancton's strategy , we can set a...
As it appears we have a descending channel on Gold coming into NFP. I am going short if price breaks below, if not I am going to enter long if we break above. Will update as time goes on, stay tuned! Good Luck. God Bless!
EURJPY on the weekly timeframe is testing perfectly a confluence zone. The price is testing the ascending trendline and we will look for a break of the structure to set a nice order. --–– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h...