I am interested in this big, yawning gap seen on the chart. This morning the stock generated very high interest (highest volume day YTD). But there was resistance from the Fib level, from the 200-day SMA, and from the prior high to overcome, and ultimately the stock failed to close above the Oct 17, 2023 high. Still, on an overall flat-to-down day the stock...
Trend Analysis: updated 3/6/24 Total Life Trend up by 1.4% expect trend to continue, expecting more incline by 60% -1.8% Structure: Momentum Build up, strong upward potential weak bear market, Updated 3/6/24 Support & Resistance Levels: updated 3/6/24 Previous Highs = 251.14, 253.09, 254.4, previous lows = 250.05, 249.3, 246.28, 245.6 Crossovers &...
EUR/USD climbs to multi-week highs above 1.0900EUR/USD extended its daily rally and touched its highest level since late January above 1.0900 on Wednesday. The broad-based selling pressure surrounding the US Dollar during Fed Chairman Powell's testimony fuels the pair's upside.EUR/USD may now see successive weekly peaks of 1.0932 (January 24) and 1.0998 (January...
Ethereum ( CRYPTOCAP:ETH ) has soared past the $3,800 mark, marking its highest price since December 2021, fueled by anticipation surrounding the imminent Dencun upgrade. As the cryptocurrency landscape undergoes rapid evolution, Ethereum ( CRYPTOCAP:ETH ) stands tall as a beacon of innovation and potential, captivating investors and enthusiasts alike. Ethereum's...
Gold Rally Faces Potential Correction Gold has been experiencing a robust rally, with the price climbing to new record levels for four consecutive days. However, today's trading saw a slight retreat from its intraday high of $2150.50. The rally gained momentum following a report by the Institute for Supply Management, which indicated an economic contraction,...
Hello everyone, let's take a look at the BTC to USDT chart on a one hour time frame. As you can see, the price has left the local downward trend channel and we are currently moving along a newly created upward trend line. Using the Fib Retracement grid, we can determine a visible strong resistance zone from $66,880 to $69,006, this zone also includes the level of...
GBP/USD gained traction in the American session on Friday and erased a large portion of its weekly losses. The pair clings to small daily gains above 1.2650 in the European morning on Monday. Following a mixed opening to the day, Wall Street's main indexes gathered bullish momentum and registered strong gains on Friday. In the meantime, the benchmark 10-year US...
The EUR/USD pair trades marginally higher on Monday, hovering around the 1.0850 level ahead of Wall Street’s opening. The market mood is in better shape amid the good performance of Asian shares led by the tech sector, although European indexes lack momentum and trade around their opening levels, leading to some modest gain in US futures. A data-packed week...
The AUD/USD pair lacks any firm intraday direction on the first day of a new week and seesaws between tepid gains/minor losses through the first half of the European session. Spot prices currently trade around the 0.6520-0.6525 area, unchanged for the day and remain well within the striking distance of a nearly three-week low touched last Thursday.
Gold price (XAU/USD) attracts some buyers for the fourth successive day on Monday and trades near its highest level since December 28 touched on Friday. Friday's disappointing release of the US ISM Manufacturing PMI and the University of Michigan’s Consumer Sentiment Index, along with less-hawkish remarks by Federal Reserve (Fed) officials, reaffirmed bets for a...
Gold price (XAU/USD) is seen oscillating in a range through the early European session on Tuesday and consolidating its recent strong gains to a three-month top, around the $2,120 area touched the previous day. Traders now seem reluctant and opt to wait for more cues about the Federal Reserve's (Fed) rate-cut path before placing fresh directional bets. Hence, the...
The US Dollar Index (DXY) is presently fluctuating in the vicinity of 103.80, exhibiting minor losses on Monday. The market remains focused on potential variations in line with the flow of incoming data, including the key Nonfarm Payrolls (NFP) figures from February set for release later in the week.
Bitcoin (BTC) price is trading with a bullish bias, reaching for the $69,000 all-time high as cryptocurrency markets flash green. While BTC is yet to reclaim its peak price, the pioneer crypto’s market capitalization has already hit a new milestone, breaching its November 2021 peak of $1.3020 billion.
Gold price falls gradually after failing to test the all-time high near $2,145. The yellow metal trades inside Tuesday’s trading range. The near-term appeal for Gold remains bullish as it has delivered a breakout of the Symmetrical Triangle pattern formed on a daily time frame. The breakout of the aforementioned chart pattern exhibits a volatility expansion, which...
RPL/USDT (RocketPool) is trying to break this Accumulation Channel to the upside. The next target could be $47.45. Waiting for a breakout.
In a flurry of market activity, silver ( TVC:SILVER ) has emerged as a frontrunner alongside gold, propelled by expectations of impending rate cuts and a shifting investment landscape. With both precious metals experiencing a surge in demand, investors are flocking to commodities like XAU and NASDAQ:XAG , diverting cash from bonds in favor of tangible...
RNDR / USDT On the chart we can see giant Cup and handle pattern breakout A very potential move i see on a breakout like this it can go all the way up until ATH and if able to break it will fly in a new price discovery mode Note : This currency is above our entry by +30%
Gold has reached its pinnacle, extending trades towards long positions would be ill-advised. Currently, the price is situated within the "POI," prompting the search for a suitable setup to initiate short positions. The price movement exhibits a stepwise progression, characterized by a push from the minimal support level, reminiscent of a primitive maker's...