Despite prevalent negative sentiments surrounding the Dollar's bearish outlook, I maintain a bullish bias on USDJPY. I perceive the recent bearish move as a retracement within a longer-term bullish trajectory. For those inclined towards catching the retracement, the Bearish Fib-3 Bat Pattern on the 1-hourly chart might provide an entry opportunity for shorting at...
As the title says: It's run is complete for now. This is a good opportunity to ride this little dump from the current level, $30.50, to at least the 50% retracement line, $23.75.
After a sharp increase during the FOMC news the index continued the upward rapid movement until it found resistance close to 16700. It is possible that we see the retracement today as the arrow depicts, and the Fibo tool. __________________________ Information Regarding Important News and Figures can be found here in our Economic Calendar:...
Today Crude’s price went even lower than yesterday reaching 68 USD/b and it now seems that this is the turning point to the upside. We might see a retracement completed after this long and rapid fall, back to the 61.8 Fibo level as depicted on the chart. __________________________ Information Regarding Important News and Figures can be found here in our...
this would be a little long idea, I'm sincerely asking you to read until the end with all the comments to understand my idea completely. I'm gonna analyze the bitcoin chart from weekly to hourly time frame and using some kind of different indicators to see as much reaction and knots as we can to find the proper behavior of price since the last dump. generally, I...
The U.S. benhmark indices are currently experiencing high volatility and large deviations from the mean. Yesterday the S&P500 dropped heavily and has not retraced fully after reaching the important support at near 4550 USD. This might be completed today with the index price reaching the 61.8 Fibo level at least as indicated by the...
Due to the fact that the current prices have large previous transaction volumes we are held tightly to narrow swing ranges. When previous order volume on the price scale is removed, price will move faster up and down the scale looking for support. Lack of price history allow for larger price movements and retracements. Notice the zones highlighted in this chart...
Good afternoon traders, Although the trend for Gold is bullish as the weakening US Dollar is seemingly more and more bearish with all the dovish signs from the FED, gold has met resistance at the 1945 area and may be showing signs that it is over extended and is going to need to retrace to the nearest support areas, (2035, 2030, 2015, 2005) before continuing up...
- Everything is in Chart. - Actually TheKing entered a a correction phase. - We climbed for 4 Months Straight. - This kind of retracements are just normal. - if TheKing still bullish the maximum correction will hit -38.2% Fibo (around 25k$). - if Theking get hurts by a bad news (FA), the correction could bring the price around -61.8% FIbo (around 21.5k$). - The...
Considering the relatively muted weekend activity and the ongoing weakening of the USD, it's reasonable to anticipate a slight bearish correction for XAUUSD in the coming week. The absence of a significant weekend push and the prevailing market conditions suggest the potential for downward movement. However, it is essential to closely monitor any shifts in global...
retraced into a FVG recently broke structure on the 5 min so either it swept its liquidity down there in the FVG and continues breaking the old high that i marked out as black (5 min, 15 min, 1h, 4h) and just rallies or it´ll go down again sweep liquidity once again and then will continue to break the last highs. tp under the FVG that i marked out that could bring...
The EUR/USD currency pair recently experienced a notable bearish movement as it broke through a significant support level and trendline, signaling a downward trend. The price subsequently reached a key monthly support level, from which it initiated a retracement. This retracement is currently in progress and is aimed at reaching the 50% Fibonacci retracement...
The GBP depreciated today after the CPI data release which was lower than expected. The Inflation rate has been lowered significantly. The retracement is more probable since the dollar tries to regain strength and the GBP depreciates from the effect of the report. __________________________ Information Regarding Important News and Figures can be found here in...
Wall Street's main indexes ended with big gains on Friday, boosted by heavyweight tech and growth stocks as Treasury yields calmed. NAS100 surged to high levels and after finding strong support it experienced a retracement. The retracement is not completed yet technically since the index did not reach apparently to the 61.8 Fibo level. As per the arrow, it is...
It is probable that it is the time for a retracement after a long way up. The index has been on the uptrend for sometime. Since the price reversed and crossed the 30-period MA on its way down it signals that an end of the uptrend has taken place. That does not mean however the start of a retracement to the 61.8% just yet. The price needs to break down important...
The pair started to deviate from the mean by going downwards. It changed direction to the upside and so moved around the mean. However it eventually settled lower as the USD was picking up strength against the EUR. The last movement to the downside was relatively a rapid one. The pair found strong support at near 1.06580 that could serve as the 100 Fibo level. A...
Potential retracement opportunity for Crude oil considering that the resistance at 77.5 has been broken indicating a signal to the upside. The price has experienced a sharp fall recently and a strong support is currently preventing the price to fall further. Technically and considering the volatility of Crude oil's price, a retracement should take...
LTCUSDT was trading in symmetrical triangle pattern. The price was reacting well the support and resistance of triangle. Currently the price has given the breakout of triangle and now retesting the broken level where it is also forming a local support zone and seems like the price may go for another leg higher. If the breakout sustain to upside the optimum target...