NZD/USD reacted positively as the RBNZ kept rates again at 5.5%, appeared a little more worried about inflation than the last time and said it is necessary to maintain a restrictive stance to reduce price pressures. The move above the EMA200 gives it the opportunity to take out the 38.2% Fibonacci, but does not yet inspire confidence for further gains that would...
Traders, In this market update I am discussing the numerous "M" Patterns that I am seeing on the crypto charts. We'll talk about where we possibly could pull back to. And we'll take a look at the U.S. stock market: DXY, VIX, SPY, and NVIDIA and the impact they are having on crypto right now. Apologies for the quiet voice. I will ensure this is fixed before the...
Retracement from day high, reversal on fib, target day high. We can see frequent buy sell on the same level at 165, amazing war between bulls and bears, let's see where it goes Personal view only, DYOR
This is how I do a simple geometric Fibonacci projection... 1. Set up the Fibonacci projection 2. Draw an arrow from 0 to 1, clone it 3. Shift the cloned arrow to the bottom of the retracement 4. Mark out the level, usually at 1.618, and time frame is around that spot.
Fibonacci retracements and extensions are popular tools used in technical analysis to identify potential support, resistance, and reversal levels in GBP/USD (British Pound/US Dollar) trading. Here's how traders can utilize Fibonacci retracements and extensions effectively: **Fibonacci Retracements:** 1. **Identify the Trend:** Before applying Fibonacci...
The GBPJPY has been bouncing back & forth between structure with the most recent move being one back into a level of previous structure resistance. At this level we also have a rising channel along with our RSI going overbought 7 showing bearish divergence. Targets are taken using a combination of price action analysis, & Fibonacci tools. If you have any...
Last night, dollar get underpressure along with another pressure on bond yield. The technical moves as what I share last night. So, we update the condition. Dollar and Bond Yield have to retest the resistance before get another pressure. Therefore, Gold will have some correction on short-term. But, the good news is "correction means good momentum" to look...
This is a detailed multi-timefrrame analysis of eurusd where I talked about what I expect the price to do over the next few hours. It is educational and informative. I showed important levels of structures where the price was at and where I will expect the price to touch before I take a trade.
English In my last idea published, I was waiting for a bearish reaction in the 50% fibo´s zone, but the price is going up. What do I see right now? We have a bearish structure on a daily timeframe and I hope to continue selling this index. In adittion to that, all the retracement we saw, were "healthy" for the price and we don´t have any GAP or something like that...
English First of all, I looked at the market structure, we have a very clear bearish structure since the 70´s and I looked at the last fractal to see the possible movements and debts the price may cover in his path. I saw the last movements during (The LL and LH) that last bearish movement that the price didn´t get at least the 50% Fibo´s, it happened with the...
Hello Traders and Investors , my name is Philip and today I will provide a free and educational multi-timeframe technical analysis of Google 💪 Just a couple of months ago Google stock perfectly retested a major monthly bullish trendline and in confluence with a retest of the 0.618 fibonacci level we already had a major rally of more than 50% towards the...
Hello Traders and Investors , my name is Philip and today I will provide a free and educational multi-timeframe technical analysis of Apple 💪 Starting on the monthly timeframe you can see that after Apple broke out of the clear triangle formation in confluence with the bullish moving averages, Apple created a strong rally of 30% towards the upside,...
Hello Traders and Investors , my name is Philip and today I will provide a free and educational multi-timeframe technical analysis of Bitcoin 💪 A couple of months ago Bitcoin perfectly retested and already rejected the previous cycle high from 2018 and also the 0.786 fibonacci level so the recent rally was quite expected. You can also see that Bitcoin is...
Hello Traders and Investors , my name is Philip and today I will provide a free and educational multi-timeframe technical analysis of EurUsd💪 EurUsd just perfectly retested and already rejected the 0.618 fibonacci level in confluence with a retest of previous support which was after the break turned strong resistance. EurUsd is also now approaching weekly...
Hello Traders and Investors , my name is Philip and today I will provide a free and educational multi-timeframe technical analysis of EurUsd 💪 With EurUsd retesting previous monthly structure and the 0.618 fibonacci retracement level I do expect a short term bearish rejection on EurUsd and then simply more bullish movement. Weekly market structure is...
SKILLING:NASDAQ is still down after Fridays high so now 15k becomes the key level to watch for this week. This is just a short example of how I look at things. I hope it helps. Enjoy the week.
Analysis based on price action to figure out how price reacts along with option chain, multiple pattern formation, tried to test Elliot wave too, retracement levels marked as per fib retrace, day low considered as strong support along with 2 resistance level as per Fibonacci. Candle stick analysis. Also used volatility index to figure out the movement of the...
Welcome back! Let me know your thoughts in the comments! ** XAUUSD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered...