Here I have GBP/USD on the Daily Chart! After our New High since August 2023 @ 1.28938 , we've seen Price decline quite drastically! In fact, we were given a NEW LOWER LOW on Tuesday @ 1.24052! Now with this Low having been created after our Lower High @ 1.2708 (Point B), this Price Action breaking our previous Low @ 1.25394 CONFIRMS my prediction that we could...
Preferred direction: BUY Comment: The pound , like the euro , worked out the trading idea that we published at the beginning of the week. However, the growth most likely will not end there, and one can also wait for another jump upward towards the level of 1.25500 . If the price fixes above the level of 1.25000 on the daily chart, we can even talk about...
#EDU We have a bullish trend pattern on a 4-hour frame, the price moves based on it and adheres to its limits well We have a tendency to stabilize above moving average 100 We have an uptrend on the RSI indicator that supports the price higher Entry price is 0.5750 The first target is 0.6500 The second target is 0.7200 The third target is 0.8000
Please, check our technical outlook for GOLD. Time Frame: 12h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a significant support area 2319.831. The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 2384.107 level. P.S Overbought describes a period...
Gold is currently in pause mode, and if the conflict between Iran and Israel eases, market focus will turn to the Federal Reserve. It is clear that the Federal Reserve is not going to cut interest rates anytime soon, which is a bearish factor for the gold and silver markets. If the conflict escalates, you will see gold rise again. For now, the focus is on...
Gap up Opening above 22500: Buy if prices sustain above 22475 and trade above 22511 after opening, targeting 22561 β 22642. Short if prices face rejection at 22511 and trade below 22475, aiming for 22400 - 22393 β 22333 β 22315. No trade between 22475 β 22511. Flat Opening: Buy if price sustains at 22400 and trades higher above 22450, targeting 22500 β 22511 -...
EURJPY is in a bullish trend making Higher-Highs and Higher-Lows. The trade plan is based on Entry at the breakout of previous High and Stoploss below previous low of the trend. TP1 is 1:1 and TP2 is 1:2. There is no divergence on RSI and no break of trendline so the trend will most likely continue in its direction.
Hello traders. Here's my simple analysis for current week Only. Let's try to compare US market and BTC. - On the charts I see that BTC traders are more positive than US market. - It seems to me that they are trying to predict and overtake the movement of the stocks. For example, this Friday, the Index met good resistance and Monday morning showed a...
Hey there, fellow crypto cowboys and cowgirls! Ready to saddle up for another adrenaline-fueled journey through the Bitcoin frontier? Well, grab your cowboy hats and buckle those bootstraps β because things are about to get wild! Now, let's take a quick trip down memory lane and revisit our last analysis. We talked about support zones, resistance levels, and the...
H.BAR Short term trading for the second round before mid drop! lower price = $0.1656 $0.1674 ( This will create a bearish candle, it will need to go down to $0.1360 area before make a higher level! Then: $0.1709 $0.1798 $0.1873 Second Distribution price: $0.1892
GBPJPY is moving in an ascending channel. The chart reacted to the last 3 touches of the support level with an immediate rebound. The support level is between 50% and 62% retracement levels. We expect a rebound after a retest of the lower boundary of the channel. ------------------- Share your opinion in the comments and support the idea with like. Thanks...
Cup & Handle Breakout Retest level 935 Taken support 9 EMA and bounced support 845 RSI above 60 Weekly / Monthly Daily RSI 58 EMA are in line Expected level 1189 and above
Price is falling towards a support level which is a pullback support that aligns with the 23.6% Fibonacci retracement and could bounce from this level to our take profit. Entry: 165.195 Why we like it: There is a pullback support level which aligns with the 23.6% Fibonacci retracement. Stop loss: 164.439 Why we like it: There is a pullback support level which...
Dear Colleagues, I suppose that the wave "4" of the higher order is completing its movement. I expect a possible update of the minimum and reaching the area of 2281.89 or the beginning of the upward movement to the resistance area of 2358.71. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
The price peaked in a 5-wave pattern as part of wave 1/C, and it's now either at or nearing a bottom, potentially reversing into wave 2/B with expectations for an upward move in wave 3/C. Currently, we're in a support zone, and I'm beginning to accumulate, although there's a chance for an extended correction in wave 2/B. It's advisable to gradually increase...
π Script: SOLARA π Sector: Pharmaceuticals π Industry: Pharmaceuticals - Indian - Bulk Drugs Key highlights: π‘β‘ π Script is trading at upper band of BB and giving breakout of it. π Already Crossover in Double Moving Averages and MACD. π Right now RSI is around 61. π One can go for Swing Trade. β±οΈ C.M.P ππ°- 440 π’ Target π―π - 474 β οΈ Stoploss β οΈπ« - 425 β οΈ...
Liquor maker says it has commissioned new wraparound packaging equipment at its Bhopal canning facility ** New equipment streamlines production processes and expected to raise operational efficiency by about 25%, co adds
As the morning we had a good run in Oil. with an impulse run we got the Tp. Now the price dropped to bottom The price is now planning to retrace to 60% of the Impulse leg. lets take a buy.