USD/CAD in an Uptrend in the last sessions forms a Head and Shoulder pattern of continuation where today the price is making the right side of this pattern. The pattern can be confirmed today if the economic news about the USA – CB Consumer Confidence, The USA – Existing Home Sales, and the USA – Crude Oil Inventories will positive. We are looking for a Long setup
GOLD possible Short Setup with formation BAT Pattern in area 1820.00 with possible double TOP on this resistance level. The stochastic is also in the overbought scenario and our forecast is Bearish. Today the Economic news will be crucial to understand the next movements of this metal. Key events: Canada – Core CPI (MoM) (Nov) USA – CB Consumer Confidence...
The British Pound, following our yesterday forecast it's inside a bearish channel in the lower timeframe and a narrow/ sideways area in the higher. The price had a double rebound on the 61.8% Fibo inside the channel and today the US economic news may be crucial for all the pairs against USD to understand the next movement for the end of the year. Key events: ...
GBP/USD yesterday reached our Take profit following our forecast, today the price is still inside a Bearish channel and our Idea continues to see the Pound Weak to the USD. Today will be crucial to understand the main scenario with the release of US Building Permits and Housing Starts. Our forecast is about a new Short Impulse.
GOLD after the strong bearish impulse of the last sessions, the price today retests the 50% Fibonacci Level in confluence with the dynamic trendline, and all the clues are about a new Bearish impulse in the direction of the main trend. The stochastic shows also a Overbought situation.
EUR/USD Starts a new bearish impulse inside a bearish channel after a retest on the resistance area around 1.06600 where the price rejects the bullish bias for a new bearish setup. We are looking for a short continuation.
USD/CHF inside a Bullish channel is trying to recover value with the creation of Higher-highs and Higher-lows. The price Today has a pullback on the 61.8% Fibo levels and our forecast is about a new Bullish impulse.
EUR/USD is inside a bearish channel, after the progressive recovery of value in the last sessions, the price is struggling to grow more and a new bearish impulse it's ready to the corner for the EUR. Our forecast for the end of the year is about a comeback on the bearish side for this value.
NZD/USD in the last sessions change the trend and today the price is trying to recover some value in the area of 0.6400 where a resistance plus the Fibonacci Levels may give to the price the right place for a pullback in the direction of the Bearish trend. The stochastic is in an overbought Area plus divergence and our Idea is about a new Bearish impulse.
GBP/USD After the Double top on the last sessions and the change of the trend in the lower timeframe, today the price is struggling inside a Resistance Area with the presence of the 38.2% FIBO Level where the price, also with a divergence of the stochastic indicator can have a reversal in the direction of the primary trend for a new Bearish impulse.
Greetings dear traders, have a nice day Yesterday and today there was low volatility on Bitcoin which may again change the end of the weekend and the beginning of the new week in the Asian session when we see crucial short-term moves and trend setting lately Interesting on the chart for me at the moment is only one level $16945 where the short term will be...
Telegram's Toncoin (TON) may be leading in crypto market gains, but its daily Relative Strength Index (RSI) is currently at the most overbought reading in its history. However, as the TON price is battling the middle of an ascending channel, a breakthrough could expose the upper channel resistance trendline, which aligns with the $3.00 psychological level. RSI...
The GOLD in the last sessions stops the bullish rally with a reversal around the area 1820.000 Today the price is inside a consolidation area where a possible breakout can push the price more in the downward. The Resistance level at 1785.800 can be a place for a new reversal for the price and follow the new tendency for a bearish impulse. We are looking for a Short setup.
The EUR after the positive news about the USD Unemployment Claims had a strong bearish reaction and today the price forms a Head and Shoulder pattern in the lower timeframe that can let's start a new downward for the value. We are Looking for a Short setup with take profit around 1.05450
The USD Take advantage yesterday after the positive news about the Unemployment Claims with a strong bullish candle and the bias from the market changed positively for the USD currencies. The price today may continue the new bullish rally with a new upwards. We are Looking for a new bullish impulse.
GOLD yesterday the positive news about the USD Unemployment Claims pushed the European currencies downwards and the correlation with the metals can push the value of the GOLD as for the SILVER more over the downside. In the chart, we can see a breakout of the dynamic trendline and our bias is about a new pushdown by the price.
EUR/USD yesterday the positive news about the USD Unemployment Claims pushed the EUR downwards and today the price may continue to drop more after the breakout of the dynamic trendline to the 1.0500 value. Today the S&P Global Composite PMI shows a value below 50 points showing contractions of private sector manufacturing and services companies. Following the...
SILVER yesterday broke the dynamic trendline changing the direction of the perspective of an increase in value with a strong red candle. Today the price may continue to drop more in the area of 22.000 following the new direction of the trend and the taken positions from the bear's traders.