The USD/JPY currency pair continues to exhibit remarkable strength, rising to the level of 154.00. On the 4-hour chart, the price of this pair remains robustly above the simple moving averages (SMA), a clear indication of the continuation of the upward trend. However, it's important to remember that markets are always in flux, and corrections are inevitable. A...
Ticker: INTC (Intel Corporation) Current Price: $36.49 Support and Resistance Zones: INTC is currently showing signs of bouncing off a crucial support zone, delineated by a purple rectangle spanning from $35.50 to $37. This area has historically attracted buying interest and is pivotal for the stock's current movement. Looking ahead, we have identified a...
Bitcoin (BTC) is currently experiencing a rather volatile period. Generally, the downward trend is still being maintained. However, it is noteworthy that the price of BTC is gradually adjusting and showing signs of resurgence. Based on technical analysis, the 4-hour chart indicates that BTC may test the SMA 20 area in the near future. However, this does not...
USD/JPY surpassed the 154.00 level during Monday's U.S. trading session. On the 4-hour chart, technical indicators are strongly supportive of further price increases. However, the Relative Strength Index (RSI) suggests that the market is overbought, which could lead to a short-term price correction before resuming its upward trend. While this may temporarily...
GBP/USD has recently experienced a period of lackluster recovery and has dropped below the 1.2450 USD. Overall, the price of the GBP/USD currency pair is maintaining a downward trend due to lingering political tensions from the Middle East countries. Technical indicators also support this downward trend, bolstering its strength. However, prices are gradually...
In the European trading session on Monday, the GBP/USD currency pair experienced a strong surge, pushing the price towards the 1.2500 level. This indicates that the US dollar has depreciated against the British pound. On the 4-hour chart, the Relative Strength Index (RSI) has crossed above the 30 threshold, indicating that the GBP/USD is undergoing a corrective...
On this 15 minute chart, TQQQ is in an anchored VWAP band and volume profile breakout. Near to the end of the regular market, the RSI indicator ran from deep oversold. After hours, NVDA reported a sizable earnings beat. The AI machine learning and backtesting indicator forecasts and uptrend continuation. I will get call options targeting $58 for...
USOUSD after its minor correction on the 15-minute chart is resuming its bullish trend with an engulfing green bar and confirmatory indicators including an uptick in the postive directional index and on the BB a move from a bounce near to the basis band toward the upper bands. I will go long on leveraged forex.
The EUR/USD pair is showing strength with a recovery above 1.0650 during the European trading session on Monday. However, it cannot be denied that the pair is facing downward pressure as the European Central Bank (ECB) and the Federal Reserve (Fed) announce differing prospects for monetary policy. Although the price continues to maintain a downtrend, this...
EUR/USD dropped below 1.0700 following the subdued remarks from ECB policy maker Stournaras, putting pressure on the Euro. The divergent policy outlooks between the ECB and the Fed have increased the downside risks for this currency pair. Looking at the chart, the price is still maintaining a downward trend. However, the Relative Strength Index (RSI) is currently...
BTCUSD is impending on its third attempt to break through the resistance zone of 69-70K, having hit about 72K on March 13th. Buying volume relative to selling remains high. Both the faster and slower RSI lines remain above 50. I amd holding my long position in BTCUSD and watching to see if price can break resistance. If it can another leg higher could...
EUR/USD surged to nearly 1.0650 in the Asian trading session on Monday, rebounding from a low of 1.0622 reached last Friday. The US Dollar (USD) appreciated as buying pressure on the currency intensified amidst political instability, contributing to downward pressure on the EUR/USD pair. From a technical standpoint, the Relative Strength Index (RSI) remains below...
The DAX has put the geopolitical risk premium behind it to start the week, despite the Iranian attack on Israel over the weekend. IF the hourly stochastic can reach its upper quartile and maintain, a positive swing is likely to result. This video is intended for the users of Stratos Markets Limited, Stratos Trading Pty. Limited and Stratos Global LLC,...
Gold prices attracted buying activity at the beginning of the week and held steady around the range of 2,431-2,432 USD, preventing a retreat. Iran's attack on Israel over the weekend not only pushed gold prices to new highs but also heightened market concerns. The US Dollar (USD), despite its weakness, continued to support the strong rise of gold. Moreover,...
The price of gold continues to rise due to political tensions in the Middle East. This raises expectations that the Federal Reserve (Fed) will cut interest rates in the near future. Lower interest rates can make currency depreciate, making risk-free assets like gold more attractive. On the 4-hour chart, the price of gold is stable above the Simple Moving Averages...
Here I have AUD/USD on the 1Hr Chart! Our two current Lows @ ( .9498 ) on Wed. April 10th and ( .9456 ) on Fri. April 12th show an interesting underlying story when it comes to our indicators! 1) Looking to the RSI and comparing the Lows to Price on the chart, we can see that the RSI is showing a STRONG Divergence meaning Price could potentially be looking to...
FX:GBPAUD has created a new HH after a bearish rally. The new HH was created following bullish divergence on different timeframes (1 hr, 2hr, 3hr and 4hr). Price has also created a Cup & Handle pattern which indicates a potential bullish move incoming if price breaks the handle!
On the above weekly chart price action has corrected 97% since September 2021. A number of reasons now exist to consider a long position. They include: 1) Price action and RSI resistance breakouts. 2) Support and resistance. Price action confirms support on past resistance (see arrow). Look left. 3) GRM support has already confirmed. 4) The falling wedge...