Hello friends! Currently, BTCUSD is still stuck in a downtrend. Factors suggest that bearish momentum is still dominating the market, with the possibility of further strong price declines as prices break below support and remain below the 34 and 89 day moving averages (34 and EMA 89). This shows that the market is leaning towards sellers. Previous idea! In the...
Hello dear friends! It's a pleasure to meet you again and discuss with you in today's chat. As such, XAUUSD continues to consolidate at high levels with continued growth, without a false break of the uptrend channel occurring, it is currently touching $2406 at the time of writing, marking an increase dramatic 1.13% on the day. The growth scenario at this time is...
Hello friends! As James mentioned in the previous analysis EURUSD is currently in a recovery phase with the market correcting and capturing liquidity receiving support at 1.0660. However, overcoming the 1.0750 resistance level remains the challenge and target. On the news impact: EUR/USD continues to ease around 1.0640 after retreating from Friday's weekly peak...
Current BTCUSDT trading strategy: In the short term, we observe that BTCUSDT is continuing its weakening trend. The resistance at $63,000 is playing a crucial role in maintaining this downtrend. From a technical perspective, the 34 and 89 EMAs are favoring sellers and there are no signs of a notable price reversal. Based on this analysis, we continue to...
Ralph Benjamin hello everyone! After a price increase that brought gold past the 2,400 USD/ounce mark, the world gold market was under pressure to sell off and entered a consolidation period. However, according to commodity investor Dennis Gartman, this precious metal still has a lot of upside momentum. Most likely, the price of gold could rise to 2500 USD and...
Hello traders. Currently, BTCUSD continues to maintain its bearish trend without any significant reversal, with the price currently consolidating around $63,884 near the boundary of the 34 EMA (reflecting the coin's negativity). If conditions are favorable, we intend to continue selling BTCUSD from this point on, Fibonacci 0.5 and 0.618 also indicate selling...
Hello dear traders. Come discuss and strategize with me today! Overall, EURUSD is trading on negative fundamentals below the 1.0726 resistance mark. Currently, it is consolidating around 1.0624, with immediate support seen above the 1.0615 mark. It can be seen that on almost every time frame, EURUSD has leveled off after the previous sharp decline, this is...
The EUR/USD pair has recently encountered significant downward pressure, breaching key support levels. A double bottom pattern, a classic bullish reversal formation, has formed within the downtrend indicating a potential exhaustion of selling pressure. We can expect a retracement towards the broken support at 1.07257.
BTC might drop into that fvg then buy somemore from there. so we expect btc to reprice lower for the following weeks while mitigating that buyside imbalance afterwards we will be expecting it to reprice higher making new highs
Hello dear traders! USD/JPY remained defensive below 155.00 early Wednesday, as the Japanese Yen received support from the risks of imminent Japanese intervention. A small decline in the US Dollar and US Treasury yields also weighed on the pair ahead of much Fedspeak. On the other hand, the US Dollar (USD) extended its recent upward trajectory and climbed to its...
I'M BACK TO TRADINGVIEW AGAIN Let's Do Rock the Levels With me How Many People are Happy Now BUY ABOVE - 47560 SL - 47410 TARGETS - 47700,47840,47950 SELL BELOW - 47410 SL - 47560 TARGETS - 47300,47200,47050 NO TRADE ZONE - 47410 to 47560 Previous Day High - 47600 Previous Day Low - 47300 Based on price action major support & resistance's are here, the...
💹 Let's dive into another forex currency pair for trading analysis. 🔍 The Japanese yen (JPY) continues to weaken against other major currencies such as EUR, USD, and GBP, including the Canadian dollar (CAD), losing its value. 🕰️ In the weekly timeframe, if the current candle closes similarly, we observe strong buying pressure, with last week's two red engulfing...
Hello dear traders! Overall, SOLUSDT is seeing a weak recovery in the bearish trend. In this scenario, we may consider a selling opportunity as it completes a test of the bearish channel around the 140.00 mark. The target for this decline is at the 124.60 mark. Good luck and remember to set your take profit (TP) and stop loss (SL) levels properly!
Update for AUDUSD: after a correctional bullish movement, I see the signs of strength of the sellers on an hourly time frame: the price formed a descending triangle formation and broke its neckline. I expect a bearish movement to 0.6417 / 0.6405 ❤️Please, support my work with like, thank you!❤️
BUY ABOVE - 22050 SL - 22000 TARGETS - 22080,22120,22160 SELL BELOW - 21960 SL - 22000 TARGETS - 21920,21880,21840 NO TRADE ZONE - 21960 to 22050 Previous Day High - 22320 Previous Day Low - 21960 Based on price action major support & resistance's are here, the red lines acts as resistances, the green lines acts as supports. If the price breaks the...
I'M BACK TO TRADINGVIEW AGAIN - Let's Do Rock the Levels With me - How Many People are Happy Now BUY ABOVE - 22210 SL - 22160 TARGETS - 22270,22320,22360 SELL BELOW - 22120 SL - 22160 TARGETS - 22080,22050,22020 NO TRADE ZONE - 22120 to 22210 Previous Day High - 22210 Previous Day Low - 22080 Based on price action major support & resistance's are here,...
Attention Traders, In today's trading session, our attention is on CADJPY, with our focus directed towards a potential selling opportunity around the 112.400 zone. CADJPY is nearing a significant resistance line, marking the 112.400 supply zone. Adding depth to our analysis, it's imperative to consider the fundamental landscape. The escalation of tensions in the...
Attention Traders, In today's trading session, our focus is on GBPCHF, where we're eyeing a potential selling opportunity around the 1.13700 zone. GBPCHF remains entrenched in a downtrend and is currently undergoing a correction phase, approaching the critical support and resistance area at 1.13700. Adding depth to our analysis, it's crucial to consider the...