Hey Traders, in the coming week we are monitoring NASDAQ for a selling opportunity around 18300 zone, NASDAQ is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 18300 support and resistance area. We would also like to consider the current bullish bias on DXY due to the negative correlation that may put extra...
Hey Traders, in the coming week we are monitoring NZDUSD for a selling opportunity around 0.60200 zone, NZDUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.60200 support and resistance area. Trade safe, Joe.
EUR/USD pair broke below the 1.0800 threshold on Thursday, hitting a new low for March at 1.0773-1.0774. Despite bouncing back from such lows, the pair still maintains a negative tone and stability around the 1.0790 price level. The US dollar has benefited from positive comments from the Federal Reserve officials, with Governor Chris Waller confirming that the...
"Good morning, savvy traders! Today, GBPUSD remains steady, echoing the calm of Wednesday's session. The price hovers around 1.263, showing minimal change from yesterday. Today's outlook suggests leaning towards selling as the USD struggles to find its footing, and technical analysis indicates the price movement is below the EMA lines. Expect to continue selling...
While US bond yields are rising, the price of gold continues to trend upwards. Strong statements from a Federal Reserve policymaker and positive economic data from the US have kept both the US dollar and gold stable. Currently, XAUUSD has increased by more than 1.20%. The upward trend in gold remains intact after surpassing the previous peak at 2,223 and...
Let's dive into the intricacies of EURUSD today, shall we? Today, EURUSD remains unable to find its way back to a bullish path, with the price hovering around 1.0823, trapped in a downward trajectory without breaching the price channel. The dollar's incremental rise has kept the bullish momentum alive, elevating the USD Index (DXY) close to the 104.50 mark. As...
Hello everyone! Today, XAUUSD (gold) is on the rise again, buoyed by ongoing expectations of a Fed rate cut. After successfully overcoming two significant resistance levels, gold continues to hold firm on its upward trajectory, establishing a new support zone following a period of consolidation in recent days. The outlook remains bullish as long as the bulls can...
"Today's gold market witnessed a refreshing surge, propelling prices back to the $2,200 mark in the early hours of the Asian trading session this Wednesday. This revival comes amidst the ongoing resilience of the U.S. dollar and a rebound in U.S. Treasury yields, drawing investor focus towards the latest hawkish remarks from the Federal Reserve. The short-term...
Greetings, fellow traders! Have you been selling or buying gold today? From my market analysis: The confluence of diverging forces has failed to impart any significant momentum to gold prices, leading to constrained price action. Hawkish comments from the Fed Governor on Wednesday tempered expectations for rate cuts, solidifying the U.S. Dollar's (USD) stance...
We are close to my previous price target for GOLD: In recent weeks, Gold has captured the spotlight by surging to all-time highs, signaling a potential shift in the precious metal's market dynamics! The breakout has garnered attention from investors, raising expectations for a new bullish cycle, with some setting a price target of $2500. Historically, gold has...
If you haven`t sold GME before the previous earnings: Then analyzing the options chain and the chart patterns of GME GameStop prior to the earnings report this week, I would consider purchasing the 13.50usd strike price Calls with an expiration date of 2024-3-28, for a premium of approximately $1.41. If these options prove to be profitable prior to the earnings...
Analyzing the options chain and the chart patterns of HUT Hut 8 Corp prior to the earnings report this week, I would consider purchasing the 8usd strike price Calls with an expiration date of 2025-1-17, for a premium of approximately $3.30. If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
If you haven't sold TRX when the retracement started: Now, I think we are going to see TRX Tron trading in the consolidation area, between $0.10 and $0.12 for the next week or so.
If you haven`t bought ADA before the altcoin season rally: Now, I believe we are going to see a retracement from this Double Top formation, one of the most bearish chart patterns, to $0.53!
Achieving a scenario where MSTR trades at parity with its Bitcoin reserves would necessitate a remarkable surge in BTC price to $157,000, marking a staggering 130% increase from current levels! At today's BTC price, MSTR's ideal settlement range would hover around $775-$800, representing its fair value! Adding a slight premium, my adjusted price target for MSTR...
✅EUR_USD broke the key Horizontal level of 1.0810 Which is now a resistance And the breakout is confirmed So I think that we will see A further move down SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
GBP/USD is facing downward pressure and has slightly dropped below the 1.2600 level during the European trading session. However, market volatility could increase towards the end of the European session, potentially necessitating a retest of the support zone at 1.2584 during the U.S. session.
Currently, Bitcoin is experiencing a simultaneous price surge with indications suggesting it will break through the resistance level of 71,649. It is anticipated that after surpassing this level, the price will continue to rise significantly. There are predictions that Bitcoin may approach the level of 73,862 in the near future. Following this milestone,...