In my analysis of BITSTAMP:BTCUSD from March 17th, I pondered whether Bitcoin's bullish trend should cause concern for its bulls. I concluded that there was nothing to worry about and highlighted the importance of the 62k zone, suggesting that buying within that zone would be advantageous. As anticipated, the price reversed precisely from that zone and even...
Yesterday, OANDA:XAUUSD tested 2.2k once more and is rolling back down. As explained, the trend remains bullish and we could expect a rise above this important level. However, although 2150 is the key level for the bullish trend, at this moment, we should watch closely the 2180 short-term trend line. My strategy remains to buy dips as long as the 2180 zone is intact.
The price broke through the range zone and moved higher, and most likely we'll see some pullback. I think the OANDA:XAUUSD may form some sort of range pattern, such as a triangle where the market keeps bouncing between resistance and support, squeezed before retesting the resistance zone. Overall, I expect a choppy market because we have news in the NY session....
The price perfectly fulfilled my last idea. It hit the target level. FX:AUDJPY went up from its support level and tested the resistance zone and channel borders. The price broke the range zone, and it rejected the resistance. The market bounced off from this level before, so I think the market broke the equal lows that formed, which are previous daily lows. I...
The price reached the support level where it bounced off before. FX:EURUSD is forming a potential range zone below the resistance zone. Today we don't have high-impact news, so I think the market might continue moving sideways. However, if the market pulls back and rejects the resistance zone at 1.08500–1.08600, we can expect a rebound from it. Basically, the...
Dear Colleagues. I suppose that the price will continue its upward movement. After the strong news background, we have to redraw the waves. I think that the wave starts the ascending wave 3. The nearest target is the resistance area at 2222.710. Manage your capital correctly and competently! Only enter trades based on reliable patterns!
Dear colleagues, I suppose that the upward movement is not over yet! The price is forming Multiple Zigzag. I expect the price to reach the support area at 79.00, having finished wave X, after which I expect the upward movement to continue at least to the resistance area - the maximum of wave C at 83.00. I do not recommend entering short positions! We are looking...
Dear colleagues, I suppose that the upward movement is not over yet! Price is in the upward impulse of wave 3 of higher order and wave 5 of lower order. I expect the completion of wave 4 of lower order in the support area of 39340, then the upward movement, which will update the top of wave 3 of lower order in the area of 39980. Manage your capital correctly...
In the daily and weekly time, after a deep correction, it recovered a full movement cycle and then corrected the previous wave in the form of a double correction of 0.23 fibo. It is currently completing the microwaves, wave 2 of 3. 🔰 Therefore, I expect that no new floor will be created in the first phase. 🔰 In the second phase, this movement can continue its...
In time D1, it is moving in a descending channel. According to the type of structure and behavior after the break of 1.618 fibo, the previous wave is currently continuing its upward path after the pullback. The type of corrective structure is not observed in that micro wave and it has good momentum (according to the behavior of the dollar index #DXY , this...
Diving into GBPCHF, my analysis uncovers a strong case for a SHORT position. The pair is showing clear bearish indicators, with a rejection from a critical resistance level and the formation of a downward trendline. This technical perspective is complemented by bearish patterns, including a notable engulfing candle on the daily chart, signaling a potential...
In my latest examination of USDJPY, I've pinpointed a robust SHORT opportunity. This viewpoint stems from a combination of technical downturn signals and macroeconomic factors that favor the Japanese Yen over the US Dollar in the current market scenario. Technical indicators reveal a bearish momentum, with the pair struggling to breach significant resistance...
Upon analyzing USDCHF, I've uncovered a significant SHORT opportunity. The pairing is showing clear signs of a bearish reversal, with technical indicators such as a rejection from key resistance levels and a bearish crossover in moving averages. This technical setup is supported by a strengthening Swiss Franc, historically sought after as a safe-haven currency...
Exploring the S&P 500 reveals a strong case for a LONG position. As the index reflects broad market health, recent patterns indicate a bullish trend, with the S&P 500 bouncing off significant support levels and surpassing resistance. This upward momentum is supported by positive economic data and robust corporate earnings, suggesting continued growth. With a...
Turning my focus to the US30, I see a robust LONG opportunity emerging. The index shows strong bullish indicators, including a rebound from key support levels and a series of higher lows, signaling growing market confidence. This optimism is mirrored in the broader economic outlook, with recovery signals and positive earnings reports fuelling the upward...
Embarking on a comprehensive analysis of EURJPY, my findings illuminate a promising opportunity for a BUY position. This bullish sentiment is anchored in a blend of technical indicators, macroeconomic outlooks, and the comparative strength of the Euro against the Japanese Yen. Technically, EURJPY is showcasing a robust breakout pattern above key resistance...
In my recent analysis of EURCHF, a confluence of technical signals and macroeconomic factors has led me to a clear conclusion: it's time to consider a SELL position. This bearish outlook is grounded in a rigorous examination of chart patterns, economic indicators, and the current geopolitical climate, all of which point towards potential depreciation of the Euro...
In the current landscape of the forex market, my detailed exploration of AUDJPY through technical analysis and macroeconomic scrutiny has unveiled a decisive SELL signal. This bearish view is underpinned by a combination of weakening technical positions and shifting economic dynamics that forecast a potential downtrend for the Australian Dollar against the...