Dear traders! Let's discuss and strategize today with Conan! Overall, EUR/USD approached the 1.0800 level and broke out as Conan had previously predicted. The pair appears to be at a loss as US dollar strength is sustained and risk appetite is fading. By maintaining a low level below the 34.89 2-day EMA, I expect EURUSD to have more selling opportunities with...
Hello Dears Stay with me by analyzing stock charts After the strange growth of stocks, the correction in the coming days does not seem too unrealistic. In my analysis, I used light black dotted lines, which are high in number because I want to see the reaction of the candles to these resistance areas together. I considered three goals, of course, I set a loss...
Nvidia Corporation (NVDA) Elliott wave count from its major bottom made in October 2008 appears complete. On 05/30/24 NVDA high was 1,158.19. Major Fibonacci resistance is at 1,157.70 almost a bullseye hit. Daily MACD – Histogram has flattened out. Stochastic has bearish lines cross. None of the other “Magnificent Seven” stocks confirmed NVDA new high. None...
Considering the DXY and UCad, I am looking for a longterm buy on EU after enticing sellers. This is in confluence with the Fibonacci and other levels (the ones not shown).
If AMEX:SPY fails to bounce from here and breaks below $522 - $520 area, things will get ugly real quick! The members of the Fed are becoming sports commentators, narrating every move in the macro data and causing havoc in the market. Potential downside targets: $515 $498 $475
Gold prices temporarily halted their recovery streak as the USD increased slightly, in addition to the FED's hawkish comments, and stronger-than-expected US economic data reduced expectations of a FED interest rate cut in September. This creates momentum for the USD to put pressure on gold. On the other hand, geopolitical tensions and instability may promote gold...
Short Term Elliott Wave in AMD suggests the rally from 5.01.2024 low is in progress as an impulse. Up from 5.01.2024 low, wave (1) ended at 174.56 as the 30 minutes chart below showing. Wave (2) pullback is currently in progress. The internal subdivision of wave (2) takes the form of a double three Elliott Wave structure. Down from wave (2), wave ((a)) ended at...
Hi guys, this is my overview for XAUUSD. Gold prices are exhibiting a slight upward trend this morning. Global gold prices have increased by 0.16% compared to yesterday, reaching $2,342.52/ounce. The primary drivers behind this price increase are concerns over high inflation and geopolitical tensions. However, the upward momentum of gold prices could be...
Looks Like it's on the Move Pin Bar at the Bottom Usually a Very good sign it going up again Carry Trade scenario hasn't changed they still borrowing off Jappan basically overal consensus is it is going to go up feeling is strong. Profit for 1 Day: EUR 4.5% JPY 0.10% Profit for holding 100 lots of EUR/JPY overnight, based on the interest rate...
Read this interesting story here :https://www.shine.cn/feature/art-culture/2306162717/ Our mind is constantly bombarded with news, false information, fake news, rumours, gossips,etc everyday. Our attention span is decreasing by the seconds each day upon receiving a piece of news. We are too scattered and deplete our energy over many useless stuff that steal our...
Look for Bitcoin to range for a day or so under the all time high. Followed by a breakout, retest (as support now) then off we go towards 90k. Why 90k you ask? Because that's the upward momentum pulled from the current bull flag pattern that BTC is printing. There are two estimates; A more conservative 90k that is almost inevitable if the bull flag breaks to the...
Dear traders! Gold experienced significant volatility yesterday with a sharp slide above the $2347 support level and reaching the $2334 mark in line with a classic bearish flag structure. At the time of writing the price is aiming to test the $2,325 mark amid a correction and sell-off supported by a firmer US Dollar and higher US bond yields. Diminishing...
Longterm position taken in TAN solar ETF. Immediate structural resistance near 47. Major resistance at 50-618 fib extension from ATH. Any break and close of Hagopian line will threaten longer term count.
In this analysis, we'll be focusing on the H2 timeframe for XAUUSD, with key levels at 2331.00 and 2320.00 If the price breaks above 2331.00, the target is set at 2348.00, indicating a potential upward movement. Conversely, if it breaks below 2320.00, the sell target is identified at 2306, suggesting a bearish trend. Let's delve deeper into these levels and...
This could be a good opportunity to scoop up more shares of ADOBE later this week/month. If it falls through the green bullish trend line and falls further south towards the support line between 258 to 278, that would be an attractive price that I would buy more.
In this analysis we are focusing on H1 time frame, if price reject the demand OB upside than we look for buy. And the target is set at 2438. If market price break below the demand OB key level downside than market will move further in downside direction. Let's delve deeper into these level and potential out come. Unmitigated supply OB key level: 2438 -...
In this analysis we are focusing on M30 time frame. Here we have parallel channel, which shows market internally structure was bullish. If market price come back and retrace the (2406 - 2400) key level zone than after confirmation we look for buy. And the target is set at 2430. If there is no retracement and market will directly move upside then we will wait, when...
EUR/USD fell sharply on Wednesday, returning to the 1.0800 degree after broad-primarily based totally danger urge for food disappeared. The pair is buying and selling firmly inside technical resistance as buyers put together for a sequence of mid-variety European financial signs on Thursday, observed with the aid of using an replace on Gross Domestic Product...