Traders, In today's trading session, our sights are set on USDJPY, where we anticipate a potential buying opportunity around the 153.500 zone. USDJPY remains entrenched in an uptrend, presently undergoing a correction phase as it nears the pivotal support and resistance area at 153.500. Diving deeper into our analysis, let's explore the fundamental landscape...
Today, the SOL/USDT pair continues on its bearish path, with strong support from bearish investors. Specifically, the sell signal is reinforced when both EMA 34 and 89 show that the downtrend is not weakening. In addition, the downward trend in price is further confirmed by the fact that the price channel continues to narrow without facing any opposition. This...
Gold breached 2365 and gave us an indication to show that it wants to buy to the 2430 area. This was followed by solid correction to well below the 2365 area, however creating a HL (that area of support at 2330 was not touched, so it held). Price appears to have concluded that correction, and a break above the 2365 in session, should give us the confirmation that...
Hello dear friends! In general, last week gold experienced quite strong fluctuations affecting gold and currency pairs. Let's discuss and strategize for the new day with me. From now until the end of the week, there will basically not be as much important information as last week. From the 1-day chart, it can be seen that at the close of the candle last Friday...
Hello all dear friends! Overall, gold experienced a significant price increase yesterday surpassing the $2,355 level. It is currently trading at a new high of $2,388 at the time of writing, experiencing significant gains of tens of dollars on the day. Do you wonder why gold increased so strongly? Regarding international market information: In the context of...
🔮 Unveiling the hidden phases of BTC's rally. 📈 Charting the consolidation symphony with a symmetrical triangle. 🌈 Rainbow indicators forecast a spectrum of possibilities. 🚀 Ready for breakout or fakeout? Tighten your seatbelts! 🎶 Inspired by the classic vibes of Pink Floyd's masterpiece. 🛑 Risk management is our 'Comfortably Numb' zone. 🧐 Eyes peeled on the...
💹 Let's analyze and review the coin COMP in higher timeframes amidst the current sensitive conditions. ⛔️ Yesterday, a conflict between Iran and Israel arose due to retaliation for the incident at the Iranian consulate in Damascus. Iran's missile and drone strikes accompanied this conflict, resulting in a market downturn and red candles. 🔗 Hopefully, peace...
Trade setup : Trends are mixed. Price had a bearish breakout from a Channel Up pattern and below 200-day moving average. Swing Traders:Near term, price is oversold (RSI ~ 30) near $80 support, which means that it could bounce up to $98 for a +20% gain. Trend Traders: Price needs to break back above 200-day MA (~$98) to resume its uptrend. Pattern : Price was...
Pair: XRPUSDT Timeframe: H1 Direction: Long Technical Confluences for Trade: - Stochastic momentum is neutral - Price action supported by 100MA - Price bounced off 61.8% Fib levels Fundamental Confluences for Trade: - XRP plans to launch US-denominated stablecoin to bridge the gap between Crypto & Fiat will help generate more uses & liquidity for the...
EURUSD broke and closed below a solid daily horizontal support with a high momentum bearish candle. This violation opens a potential for a bearish continuation lower. Next support will be 1.054 ❤️Please, support my work with like, thank you!❤️
Attention Traders, Today's focus is on NZDUSD, where we're observing a potential selling opportunity around the 0.60400 zone. After trading in an uptrend, NZDUSD recently experienced a breakout and is now undergoing a correction phase, edging towards the retrace area near the 0.60400 support and resistance zone. Expanding on our analysis, let's consider the...
Hey Traders, in tomorrow's trading session we are monitoring GBPJPY for a selling opportunity around 191.250 zone, GBPJPY was trading in an uptrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 191.250 support and resistance zone. Trade safe, Joe.
Dear Traders, As we prepare for tomorrow's trading session, our focus is on GBPUSD, where we're eyeing a potential selling opportunity around the 1.24800 zone. GBPUSD remains entrenched in a downtrend, presently undergoing a correction phase as it approaches the critical support and resistance area at 1.24800. Adding depth to our analysis, let's delve into the...
Trade setup : Trends are mixed. Following a bearish breakout from a Descending Triangle pattern, below $0.57 support, price dipped as low as $0.46 horizontal support level, which is also near 200-day moving average (~$0.50). Swing Traders:That support zone could be robust and a potential swing trade entry, with +15-20% potential upside back to $0.57. Stop Loss...
Dear Traders, As we gear up for the week ahead, our attention zeroes in on EURUSD, where we anticipate a selling opportunity to manifest around the 1.06600 zone. EURUSD continues its downward trajectory, presently navigating a correction phase as it approaches the pivotal support and resistance area at 1.06600. Delving into the fundamental underpinnings, recent...
Traders, In today's trading session, our attention is drawn to US30, where we're closely watching for a potential selling opportunity around the 38800 zone. US30 is currently navigating a downtrend, with a correction phase underway as it nears the critical support and resistance area at 38800. Adding depth to our analysis, it's crucial to consider the broader...
Hey Traders, in the coming week we are monitoring US500 for a selling opportunity around 5200 zone, US500 is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 5200 support and resistance area. We would also like to consider the current bullish momentum on the dollar, due to the negative correlation a strong...