As you can see, the price took the sell-side liquidity and had a bearish reaction, in addition, we can see the price created the bullish breaker block and FVG. Now, we can expect the price to move higher to collect the buy-side liquidity, for that, it may happen from here or retrace more to a bullish order block which formed on the 50% level Fibonacci. 💡Wait...
My dear friends, Please, find my technical outlook for USOIL below: The price is coiling around a solid key level - 76.54 Bias - Bullish Technical Indicators: Pivot Points Low anticipates a potential price reversal. Super trend shows a clear buy, giving a perfect indicators' convergence. Goal - 77.23 About Used Indicators: The pivot point itself is simply...
Gold continues to trade within a price wedge and is nearing the boundary of the trendline. The precious metal remains capped below the $2040 resistance, and I am looking forward to selling gold with a profit target set at $2027 (the lower trendline limit). What about you, are you considering selling gold? Remember to set your Take Profit (TP) and Stop Loss (SL)...
Gold prices rebounded after US PCE data matched estimates, supporting expectations of interest rate cuts in the near future. During the February 29 session, gold prices increased sharply from $2,028 to $2,050 after the US core PCE report completely coincided with market predictions. The precious metal then fell slightly and ended the day at $2,044. It is still...
Hello everyone, do you think the USDJPY will continue its downward trend? This pair is currently on a steep decline, trading at 149.72, and shows no signs of cooling off. It has broken through several critical support levels and is momentarily pausing its descent as it approaches a strong support level at its current price. A brief recovery might be on the...
Let's take a closer look at Nvidia NASDAQ:NVDA – a stock generating a lot of buzz. On the two-day chart, we observe a potential completion of Waves (3) and (4) between November 2021 and October 2022. As an alternative, we could see Waves (1) and (2), leading to the upcoming Wave (3). The targets are ambitious, and time will reveal the accuracy of these...
Gold prices rebounded thanks to Middle East geopolitical tensions and US GDP figures missing estimates. During the February 27 session, gold prices increased sharply from $2,024 to $2,037 as geopolitical tensions increased and US GDP figures were lower than expected. However, precious metals have not been able to extend their upward momentum in the context that...
EURNOK is currently in wave 4, which appears to be a flat correction. Flat corrections consist of 3(A) 3(B) 5(C) subwaves. We are currently in wave C = 5 subwaves. We are anticipating one final move down to complete wave C. Trade Idea: - Enter on break of trendline or signs of reversal - stops above blue structure or above price once entry trendline breaks -...
HIFI is going up in the uptrend channel. I expect that it breaks above the channel line 🔵Entry Zone 0.6692 - 0.6918 🔴SL 0.6074 🟢TP1 0.7189 🟢TP2 0.8058 🟢TP3 0.8755 Risk Warning Trading Forex, CFDs, Crypto, Futures, and Stocks involve a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future...
Hello, beloved friends! What are your predictions for the movement of gold today? Last evening, gold momentarily touched the $2025 mark yet swiftly rebounded to settle around the $2035 zone, continuing to encounter challenges around this resistance level. Given the narrowing of the Bollinger Bands, it is anticipated that gold will experience minimal volatility...
The price of Arbitrum is $1.48 today with a 24hour trading volume of 818 million dollar. This represents a 12.50% price increase in the last 24 hours with a circulating supply of 1.3 Billion ARB. Whales buy the dip! but why ? after Arbitrum started distributing governance tokens to eligible decentralized autonomous organizations, some whales have been adding to...
Greetings, dear friends! Yesterday, the GBPUSD experienced a significant corrective decline, currently trading around 1.2666 and having broken free from its previous ascending channel. With the US Dollar (USD) in high demand before a key US event, it's exerting pressure on this primary currency pair, and I'm anticipating a further decline for GBPUSD towards the...
Litecoin price today is $81 with a 24 hour trading volume of 920 million dollar. LTC price is up 7.0% in the last 24 hours Litecoin is a peer2peer cryptocurrency created by Charlie Lee, a man who take advantage of working on first crypto exchanges aka Coinbase and dump most of his coins on first days of listing, became millionaire and quit his job! so technically...
The Japanese Yen (JPY) found it challenging to leverage the uptick from hotter-than-expected domestic consumer inflation seen the previous day, facing a fresh influx of supply on Wednesday amidst the Bank of Japan's (BoJ) policy uncertainty. This scenario, along with a recent surge in risk-on trading sentiment across global stock markets, has been pivotal in...
Today, the USDJPY experienced a dramatic plunge. Prices tumbled relentlessly from a peak of 150.844, settling around 149.789 after a tumultuous half-day. A glance at the analytical charts reveals that the pair has breached nearly all significant support levels, and the outlook remains in favor of further declines, much to the delight of the bears, with the...
GBP/USD is currently testing the near low of 1.2650 in early European trading on Wednesday. The US dollar is strengthening its recovery amidst cautious sentiment, ignoring the negative yields of US Treasury bonds. At the moment, this currency pair is hovering around the 1.2650 mark, caught in a technical standoff between the resistance level at 1.2700 and an...
The GBP/USD pair has broken away from the recent lows around 1.2620, rallying to 1.2660 at the start of the Asian trading session on Thursday. A renewed demand for the US Dollar (USD) ahead of significant events in the US is putting pressure on the major GBPUSD currency pair. Investors are now eagerly awaiting the release of the US Personal Consumption...
Hey lovely traders! The GBP/USD is fluttering around 1.2680 this Wednesday, as the markets eagerly await a fresh impulse from the Federal Reserve, with investors slowly stepping back from high-rate cut bets. This week's spotlight is on the U.S.'s GDP and Personal Consumption Expenditures (PCE) inflation data release. The UK's data front is a bit quiet this week,...