AUDUSD is trading in bullish channel. it is also creating a bullish channel within the bigger channel. currently the price is retracing a bit( the fundamental reaction) but seems like it coming down to get fuel up for bullish trajectory.
GBPJPY is in bearish trend and recently retraced to fib golden ratio and now it seems like the pair is getting ready for another sell off.
NYSE:DE is trying to hold above to break out of its bull flag. This is one of the companies that a lot of investors would run to if there's a sector rotation out of tech. With a 1.19% dividend and potential growth ahead, you could see DE attempt to test the resistance around 418. Bullish Case - There is little to argue in favor of a bear case for this ticker...
In technical analysis, Fibonacci retracement levels indicate key areas where a stock may reverse or stall. Common ratios include 23.6%, 38.2%, and 50%, among others. Usually, these will occur between a high point and a low point for a security, designed to predict the future direction of its price movement
-Reached Daily chart MA200 support line -Reached 2nd support level at 137.923 -2 more weeks to FOMC meeting USD time to revenge against JPY?
The U.S. stock market is on the upside after a strong appreciation. The index moved rapidly upwards following the 1% reported drop in annual inflation for the U.S. the market participants expect obviously a revision in policy. Will hikes take place or not? The market does not think so, let's see. A retracement for today is possible before the uptrend...
GBPUSD pair has been experiencing high volatility today. The reversal started at 16:00, BOE Gov Bailey was speaking at 18:00. The GBP appreciated greatly and the GBPUSD ended up crossing the 30-period MA on its way up. Time to reverse possibly. As per the Fibo level and the arrow. Lets see. __________________________ Information Regarding Important News and...
PLUG on the 4H chart presents healthy price action. It uptrended for a month starting in mid-May and then completed a 50% Fibonacci retracement from which it pivoted on Tuesday, June 27th. The zero-lag MACD shows a classical cross of lines under the histogram while the histogram was changing from negative to positive. Likewise, the RSI bottomed out at 32...
Fibonacci Expansion is used to identify the potential retracement level at 61.8%. The pair is expected to fall after breaking the support levels providing more evidence of a further downward movement. __________________________ Information Regarding Important News and Figures can be found here in our Economic Calendar:...
Analysis: As we're clearly able to see price was in this downwards trend however we've recently broken out of that trend showing a market shift, indicating possible bullishness. Price tried to push higher over the last month but we've since seen price pullback to the area where price broke out of and we expect that this will be a key level which will hold as...
Looking for a trade in Germany 40. Ger40 fell hard today. Looking for a retracement then continue short on the downside.
NVIDIA is a renowned technology company known for its cutting-edge advancements in areas like artificial intelligence, gaming, and high-performance computing. With a strong track record of innovation and a leading position in its industry, NVIDIA has established itself as a standout company. Since October 2022, NVIDIA shares have been on an upward trajectory, and...
Gold is expected to retest the resistance level at $1960 and then retrace back to the $1885 level. Let's break down this idea logically: Influence of liquidity pools on the potential retesting of the $1960 level and subsequent retracement to $1885 in gold. Liquidity Pools: A liquidity pool refers to a pool of funds provided by market participants to facilitate...
WAVES saw a massive pump last week, which has been faded over the last few days. As seen on the chart, the 0.618 Fibonacci retracement seems to hold as support. The 0.618 Fibonacci retracement is often a very interesting area where buyers tend to put their orders after a big pump. Stop under the recent low, target at the most recent local top.
After a few indecision candles at the high, followed buy a volume push up to a major resistance, I became alert that a bearish setup might present. Friday closed off with a variation of a bearish engulfing. When price closes beyond a price then closes right back beneath it its a sign that this price is being rejected. Naked analysis tells us that the 1hour chat...
CME_MINI:NQU2023 - PR High: 15236.50 - PR Low: 15225.50 - NZ Spread: 24.5 Economic Events: 09:45 – Services PMI Strong supply run prev session. - strong inventory run through Asian hrs - retraced about 1/3 of prev range - 1st hr opened with small range - inventory already dropped to bear zone moon Evening Stats (As of 2:45 AM) - Weekend Gap: N/A - Session...
Market Structure + Orderblock + Fibonacci Retracement = Failed Here's why: Trendlines, S/R Levels, Chart & Candlestick Patterns are still relevant. Trade could have worked. It passed all the other criteria (market structure downtrend + bearish fib ret ote zone + bearish ob). It was just a right trade at the wrong level.
Pushing over top of Bolly Band. 400 pips above the 50DMA. Last time we saw this it gave up 100 pips in 2 days. But it could still go to the 0.786, another 100 pips above. After a melt-up like this the price may continue to creep higher for days, then give a retracement, printing a 'fishhook'. PA on 6/15 was astonishing. Opened and closed twice thinking; "That...