One more pair that looks very bearish to me after news is NZDUSD. I see a confirmed bearish breakout of a support line of a horizontal trading range on an hourly time frame. I think that a bearish trend on the pair will continue. Initial target 0.59 ❤️Please, support my work with like, thank you!❤️
Looks like the Retail Sales data may strengthen US Dollar today. As a confirmation, I see a very bearish price action pattern on EURUSD: bearish breakout of a rising wedge pattern in a bearish trend. I will expect a bearish movement at least to 1.063 ❤️Please, support my work with like, thank you!❤️
Propose cooling of MOEX:AFKS temperature till 19-20 degrees during the next 4-5 months. Does not constitute a recommendation. #furoreggs #investing #stocks #shares #idea #forecast #trading #analysis If you want to discuss, please subscribe and challenge this point of view )
Gold prices continue to increase thanks to geopolitical tensions in the Middle East Gold prices have recovered during today's Asian session and are currently trading around $2,360 as the market worries that the war situation may escalate in the Middle East. Over the past week, gold prices have experienced an impressive increase to $2,400 despite the strength of...
My dear friends, Please, find my technical outlook for CHFJPY below: The price is coiling around a solid key level - 168.64 Bias - Bearish Technical Indicators: Pivot Points Low anticipates a potential price reversal. Super trend shows a clear sell, giving a perfect indicators' convergence. Goal - 168.08 Safe Stop Loss - 168.96 About Used Indicators: The...
The Elliott Wave pattern on GBPCHF suggests an incoming wave to the downside. Having completed an impulsive move and a corrective pattern, the pair is potentially gearing up for a bearish wave (c), which is often the longest and strongest wave in a corrective sequence. Technical indicators, such as the recent bearish price action and a retracement reaching the...
Elliott Wave theory enthusiasts might find the USDCHF pair particularly intriguing at this juncture. The pair completed an apparent impulsive wave and is now poised for a corrective phase. Following the end of sub-wave (5), a bearish trend appears imminent, as indicated by the recent downturn and the start of a corrective wave (a). Technical projections suggest...
USDCAD's Elliott Wave formation hints at an ascending wave (B), presenting a potential LONG entry. After concluding a corrective wave (A), we’re now seeing initial formations that suggest a rebound. The pair seems to be preparing for an upward move, as indicated by the recent bullish price action bouncing off a key support level. The Fibonacci retracement levels...
USDJPY's Elliott Wave analysis reveals we might be on the cusp of a bearish correction. Following the completion of an impulsive wave pattern, the pair is showing signs of entering a corrective phase, potentially marked as wave (a). The completion of wave (5) and the subsequent downward price action hints at a downtrend, with Fibonacci retracement levels providing...
Elliott Wave enthusiasts may take interest in the current EURUSD setup, presenting a promising LONG scenario. The pair has completed what appears to be a corrective wave and is now potentially gearing up for an impulsive wave up. We've seen a bounce off a significant support level, and with the completion of a sub-wave (4), we're anticipating the start of wave...
Elliott Wave analysis of GBPUSD suggests we're potentially in the midst of a corrective pattern. After completing an impulsive wave sequence, the pair appears to be forming a downtrend, as indicated by the recent bearish movement. The completion of sub-wave (1) of the corrective phase and an ongoing (2) hints at further declines in sub-wave (3), often the most...
Elliott Wave analysis on BTCUSD suggests a bullish scenario is unfolding. After completing a corrective wave, the pair now appears to be entering an impulsive fifth wave, indicating potential upward movement. Key Fibonacci extension levels offer targets at 1, 0.618, and 1.618 of the prior impulsive wave, providing concrete goals for the LONG position. The...
Recent Elliott Wave analysis on NASDAQ indicates a SHORT opportunity is unfolding. The completion of an impulsive wave structure and the start of a corrective ABC pattern suggest a potential downturn. The current price action facing resistance, along with the projection of wave (c) potentially reaching the 1.618 Fibonacci extension level of wave (a), aligns with a...
Turning my attention to the US30, I've identified a significant LONG opportunity. The index is displaying bullish momentum, having recently rebounded from key support levels and now breaking through previous resistance. This move is supported by strong volume and a bullish crossover in the MACD, suggesting a continuation of the upward trend. Additionally, the RSI...
Analyzing XAUUSD, I see a compelling LONG opportunity as gold shows strong signs of a bullish reversal. Technical indicators are aligning favorably, with gold bouncing off significant support levels and forming a bullish engulfing pattern on the daily chart. This upward momentum is further supported by a rising RSI, now crossing above 50, and a bullish crossover...
My dear subscribers, My technical analysis for GBPUSD is below: The price is coiling around a solid key level - 1.2432 Bias - Bullish Technical Indicators: Pivot Points Low anticipates a potential price reversal. Super trend shows a clear buy, giving a perfect indicators' convergence. Goal - 1.2549 My Stop Loss - 1.2362 About Used Indicators: By the very...
My dear subscribers, This is my opinion on the SILVER next move: The instrument tests an important psychological level 27.890 Bias - Bullish Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 28.558 About Used Indicators: On the subsequent day,...
My dear friends, USDCHF looks like it will make a good move, and here are the details: The market is trading on 0.9137 pivot level. Bias - Bearish Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market. Goal - 0.9117 About Used Indicators: Pivot points are a...