50EMA broke down 200EMA (1H TF) VET has fixed under 50EMA (30m TF) RSI near neutral values. I believe that the price will continue to decline.
Morning folks, So, based on some recent news, which we think definitely are overpriced, BTC was able to show upside bounce. Our view that the major events are still ahead and 30K level should show whether the major rally starts or not. But, first - BTC has to get there. Now we have short-term bullish context and consider position accumulation around 27 and...
Nasdaq (NDX) recently broke below the Higher Lows trend-line of 2023, the trend-line from the start of the year that has been supporting the strong recovery. This created the conditions for further decline, especially since the 4H MA50 keeps the price action below it, but so far Support 1 (14430) is holding. The above levels are those we will use as break-outs. A...
Greetings, readers! Greetings, everyone! The price of gold yesterday experienced minimal fluctuations, trading between $1,820 and $1,830 per ounce. Presently, gold is being traded at around $1,827 per ounce - the same as the previous day. Following an extended period of upward momentum, the USD Index has now reversed its course and is declining. Consequently, the...
Greetings, Darius and everyone! The EURUSD pair is experiencing notable advancements today, currently being traded at 1.0522. This positive movement can be attributed to the encouraging HCOB Purchasing Manufacturing Index (PMI) from Eurozone, which was released on Wednesday and is likely to offer support for the Euro. The report indicates that the composite PMI...
Hello everyone, this is Darius! GBPUSD experienced a significant increase during yesterday's trading session. This is considered a strong recovery from the previous sideways movement around the 1.205 level. The closely monitored NFP report in the United States will play an important role in influencing market expectations regarding future interest rate hikes by...
The EURUSD had a 2-day rise that almost touched the 4H MA50 (blue trend-line). This is the counter trend rebound towards the top (Lower Highs trend-line) of the 2 month Channel Down. The 4H MA50 hasn't been broken since September 20 but even if it does, we are far from turning bullish. As long as it remains below the 4H MA100 (green trend-line), it is a sell...
Greetings, everyone. The USDJPY experienced a slight downward adjustment today, reaching the level of 148.50. However, there are no signs yet of a significant price breakthrough or trend reversal. The USDJPY is still within its potential upward trend on the D1, W1, and H4 time frames, indicating that the bullish trend remains well supported. Given the current...
Hello everyone! The Australian Dollar (AUD) displayed positive momentum, continuing its ascent following the previous session's increase as predicted earlier. The Australian currency pair received bullish support due to a correction in the US Dollar (USD) caused by a decline in US Treasury yields. Currently, it is trading at 0.636. After upbeat US jobs data on...
The gold market has been ranging at the support level for the second day. The price broke through and fixed below the downward channel. I think the market may rise to the resistance zone to retest it because the price has reached the demand zone where we had bullish momentum. The resistance at 1945-1947 pushed the price lower after the pullback, so it is likely...
NZDUSD formed an inverted h&s pattern on a key horizontal structure support. Its neckline breakout is a strong bullish signal for us. I expect a pullback to 0.5987 with a potential continuation to 0.603 ❤️Please, support my work with like, thank you!❤️
Looking at this chart, it becomes more obvious how the alt coin market, which broke this Summer above the Bear Cycle's Falling Wedge, is preparing for a big move upwards. The 494.45 level has been tested 4 times and emphatically held on all as it provided rebounds that left large 1W candle wicks behind. The latest was on September 11 but stopped last week on the...
The price broke through the range zone and went down. The price is pulling back after testing the support level and channel border. I look forward to testing the the strong resistance at 1.45000 and rolling back towards support from resistance and downward trendline because the market is clearly bearish. My goal is to support at 1.43200 Traders, if you liked...
The Starbucks Corporation (SBUX) has been declining aggressively since early May 2023 as fundamentals failed to keep the mid-2022 rally going. Now there are heavy technicals for the stock to consider as last month (chart on the right) it closed the 1M candle below the 1M MA50 (blue trend-line) for the first time in 11 months. On the weekly (chart on the left), it...
The market is heading downwards. It's pulling back after impulse move from support. The price is in the downward channel. The market formed a double top and this suggests that we might see further downward move or retest the recent support. The DXY is also made pullback and I think the trend will continue upwards. My goal is the previous support level at...
Aave (AAVEUSD) is having a strong bullish sequence since the September 11 Low on Support Zone 1. Both the 1D MA50 (blue trend-line) and 1D MA200 (orange trend-line) are Supports now. However, it remains inside the 1.5 year long Triangle pattern and is approaching its top (Lower Highs trend-line). This suggests that the most optimal sell entry is approaching. The...
The GBPCAD pair has been trading within a Bullish Megaphone for the whole year and is about to test the 1D MA200 (orange trend-line). The recent rebound is taking place on strong technicals as it not only started on the 1W MA100 (red trend-line) but also after a 1D MACD Bullish Cross from oversold levels that we haven't seen since July 2019. If the 1D MA200...
In my yesterday's post, I said that I'm looking to buy dips, but the only price that such a trade would make sense in such a bearish environment is under 1810, the price hasn't gone there, instead stabilized after some dips in 1815 zone, so, at this moment I'm out of any Gold trade... With the price finding support at 1815 and consolidating for 2 days already, the...