Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 PEPE has been overall bullish , trading within the rising broadening wedge pattern in green. Currently, PEPE is undergoing a correction phase and it is currently approaching the lower bound of the wedge. Moreover, it is retesting massive demand zone marked in red. 🏹 ...
Hello TradingView Family / Fellow Traders, 📉 AEVO has been overall bearish trading within the falling channel in red. 📈 For the bulls to take over, leading to a movement towards $2, a break above the upper red trendline and $1 round number is needed. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All...
Hello everyone, As predicted yesterday, gold has undergone a pullback to the 2375 USD level after needing some consolidation. Recently, gold has been significantly impacted by the Fed's hawkish policy stance. Despite these fluctuations, gold continues to be regarded as an effective investment asset due to its role in hedging against inflation and diversifying...
The GBP/USD pair extended its gains near the 1.2720 level during early Asian trading on Thursday. This rise was supported by hotter-than-expected UK CPI inflation data, which reduced the odds of a rate cut by the Bank of England in June. However, the short- to medium-term trend remains largely consolidative, awaiting further data and new support to propel a...
The EUR/USD exchange rate declined on Wednesday after the latest Federal Reserve (Fed) meeting minutes revealed that the Federal Open Market Committee (FOMC) remains steadfast in waiting for more evidence that inflation will decrease to 2%. This has lowered risk appetite, as investors continue to hope for dovish signals from the US central bank. EUR/USD is...
After a month of trading below the diagonal purple resistance line, AVAX has finally broken out. The break out was accompanied with high volume, further reinforcing the bullish narrative. My expectation is that there's going to be some kind of altseason in the coming weeks, boosted by Ethereum's ETF optimism. For now, the signal on chart is my bet.
In my last BONK analysis I discussed the bull-flag pattern and the expected reversal from the support. The trade was a great success, congratulations! Since we broke through the resistance on high volume, I'm expecting that BONK will make a move towards the 5000 area (March top). If BTC manages to make a new all-time high in the near future it can mean that...
Hello TradingView Family / Fellow Traders, As per my last analysis, attached on the chart, BTC broke above the accumulation phase and traded higher. Currently, BTC is hovering around the upper bound of the range. What's next? Scenarios: 1️⃣ Bullish - Continuation For the bulls to maintain control, a break above the upper bound of the range at $72,000 is...
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Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 GBPUSD has been overall bullish, trading within the rising channel in blue. At present, GBPUSD is approaching the upper bound of the channel acting as an over-bought zone. Moreover, it is retesting a strong supply zone. 🏹 Thus, the highlighted red circle is a strong...
Gold was on a downtrend, but now, following the break of this downtrend line and considering the bearish trend of the dollar index and important news today, we could expect a bullish move towards 2400 - 2417. 📈
Hello traders! ‼️ This is my perspective on CADCHF. Technical analysis: As we can see here price is in a range for the last couple of weeks. I have 2 scenarios here, if price rejects from resistance I expect downside move to support, but if price breaks the resistance with bullish candle on daily, I will look for a buy. Like, comment and subscribe to be in touch...
Gold prices decreased because US government bond yields increased after the Fed meeting minutes. Gold prices fell sharply when US government bond yields increased and the greenback appreciated. The 10-year US government bond yield increased 2 basis points to 4.43%, while the DXY index increased 0.19% to 104.82, an obstacle for gold. FOMC minutes showed that Fed...
Closing the trading session on May 22, spot gold price decreased 1.8% to more than 2,377 USD/ounce after hitting a historic high of 2,450 USD/ounce on May 20. Calculated from the intraday high of 2,426 USD/ounce, spot gold price has decreased by about 50 USD/ounce. Gold futures contracts also decreased 1.4% to nearly 2,393 USD/ounce. As of the time of writing,...
Detailed Analysis of #UNIUSDT Time Frame: 1 Day (1D) Overview UNI/USDT has recently experienced a decending triangle pattern breakout and is currently positioned at a major support level. These conditions suggest a potential bullish move of up to 60% in the coming days. Key Elements decending trinagle Pattern: The continuation pattern that forms after a strong...
Gold prices are currently following a five-week upward trend, suggesting strong potential for 'buy-the-dip' trading opportunities in gold. However, for a sustained bullish trend to begin, gold needs to close above the wedge resistance at $2,450, which is an all-time high for the metal. Regaining this level could propel prices towards the $2,500...
GALA Analysis and Signal on 4H 🔵Entry Zone 0.04441 - 0.04264 🔴SL 0.03975 🟢TP1 0.04903 🟢TP2 0.05258 🟢TP3 0.06000 Risk Warning Trading Forex, CFDs, Crypto, Futures, and Stocks involve a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. If you liked our ideas, please support us...
Gold prices today have seen a slight decline as expected if gold surpassed the 2375 USD mark. Currently, the precious metal is hovering around 2364 USD, down 0.60% for the day with a drop of 150 pips at the time of writing. Gold is healing its wounds after reaching a five-day high, now sitting below 2370 USD, weakened by the May policy meeting minutes from the...