This is a top short target. Keep this name on your watchlist as its been lagging the communications sector. If the communication sector sees weakness which we think it will, this name will be a relative weakness trade to the downside. Earnings approaching is the major outlier event.
The price of this currency pair has been moving in a downward trend on the D1 chart since June 2022. On the H4 chart, the price has reached a resistance level that previously served as an important support level. In addition, the price is very close to the upper line of the descending trend channel, which is another indication of an opportunity to open a SELL position.
Hello Traders Tell me what you think about Gold in the comments Gold has been showing signs of bearish momentum in the 15 min time frame as indicated by the breakout of the support level. This suggests that there may be a potential trading opportunity for sellers in the short term. Regards, The Mehdi
CVS is completely oversold and into massive support. Will see see a technical bounce in the near term? The previous breakout zone is approaching.
Hello,Traders! BITCOIN did not yet manage To break the key decisive level And I think that before the FED's first rate cut we will See BTC consolidating Between the two levels But after the breakout And 1W candle closing Above the level we will be Able to say that BTC will Go higher and sky is the limit Before that and before the FED acts, I am inclined...
Greetings to all who can decode this message lol thank you for tapping in with the content! This look into #DXY has not changed much from my last few videos, just some minor tweaks. I explain a few things on why I am #bullish on the #dollar and how I plan to #trade opposing pairs like Euro/USD or NASDAQ100. So yeah gang, not too much to get descriptive over...
The currency pair of the franc against the dollar is now moving around an important resistance price level on the H2 chart. Based on the previous move, where the price bounced off the support and started form a short-term uptrend, we think the price could continue to rise and break through the resistance. The target price would be at the next resistance level. In...
The spy has closed below a key support which has now become resistance. Closing Below this level for 2 consecutive weeks leaves it vulnerable to retracing lower to the next major support. A retrace down to to the major trendline breakout will be very healthy consolidation if it manages to hold that level.
Today CPI data is very important and its expecting seller gain more pressure but if market sustain 1843 as support then it will be pull back till 1865-1878 and then major range level will be 1906-1843. However as a short term condition today expecting market can hit high 1860-1865 and hit low 1848-1843.
The DXY is on watch for an hourly breakout. This is coming on the back of China inflationary numbers. 2.1% YOY inflation 0.8% MOM inflation. The Month over month came in slightly hotter than expected which could be signaling maybe a hotter US CPI next week. The China Reopening may be the cause of this.
apple is in range bound trading and could potentially move towards 178/180 area before it takes a pounding and move towards 115/110 Area.
Crazy action and reversals. Once again the volatility continues but the vix didnt spike. We discuss the US Dollar, Yields, SPY.
#Gold is about to make some big moves, testing the pivot , is it going to be making a triple top or will it pierce through 2100 this time and move towards 2500 level. Patience can be rewarding in this
Into massive resistance. Likely see a 6-10% pullback in the near term
Breaking of a strong support and two price peaks shows strong confluence to double top pattern
The stock continues its bearish rally with formation of another possible higher low. Sellers are advised to go short.
The bearish rally has seemed to bottomed out after formation of bullish divergence and subsequent higher low. Buyers are advised to wait for the breaking of strong resistance level before going long in this trade.