Elliott Wave Analysis of AUDCHF: The Elliott Wave Principle is a widely used form of technical analysis that traces market price movements in repetitive wave patterns. These patterns are believed to result from the collective psychology of market participants and often follow a predictable sequence. The principle is based on the observation that financial markets...
Hello,Friends! NQ1! pair is trading in a local downtrend which know by looking at the previous 1W candle which is red. On the 1H timeframe the pair is going up. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is 14606.75...
Hello,Friends! We are going short on the USD/CAD with the target of 1.329 level, because the pair is overbought and will soon hit the resistance line above. We deduced the overbought condition from the price being near to the upper BB band.However, we should use low risk here because the 1W TF is green and gives us a counter-signal. ✅LIKE AND COMMENT MY IDEAS✅
Hello,Friends! We are now examining the USD/JPY pair and we can see that the pair is going up locally while also being in a uptrend on the 1W TF. But there is also a powerful signal from the BB upper band being nearby, indicating that the pair is overbought so we can go short from the resistance line above and a target at 145.394 level. ✅LIKE AND COMMENT MY IDEAS✅
Hello,Friends! It makes sense for us to go short on EUR/USD right now from the resistance line above with the target of 1.084 because of the confluence of the two strong factors which are the general downtrend on the previous 1W candle and the overbought situation on the lower TF determined by it’s proximity to the upper BB band. ✅LIKE AND COMMENT MY IDEAS✅
The news from the beginning of this week: The dollar is still considered the pillar of the post-war world monetary order. The Brics, who meet in South Africa next week, believe the currency gives the US disproportionate power. The European economy has not entered a recession. In the second quarter, the combined gross domestic product (GDP) of the twenty...
The trajectory of the USDCNH is a burning question as it approaches the highs witnessed in November 2022. Recent weeks have seen China's economic robustness wane, and as a result, attempts by its central bank to ease the situation have led to a weakening of the CNH. This dynamic becomes clearer when considering the interest rate differential between China and...
Here is our detailed technical review for GOLD. Time Frame: 1D Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a key horizontal level 1889.57. Considering the today's price action, probabilities will be high to see a movement to 1920.02. P.S We determine oversold/overbought condition with RSI...
Take a look at our analysis for ETHUSD. Time Frame: 1D Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a significant support area 1670.55. The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 1777.60 level. P.S Overbought describes a period of time...
Please, check our technical outlook for NZDUSD. Time Frame: 9h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is on a crucial zone of demand 0.591. The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 0.601 level. P.S Please, note that an...
Here is our detailed technical review for CADCHF. Time Frame: 12h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The price is testing a key support 0.650. Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 0.654 level. P.S The term oversold...
We have the Butterfly pattern To trade a bearish Butterfly pattern, place your sell order at point D (the 127% Fibonacci extension of the X-A leg), position your stop loss just above the 161.8% extension of the X-A leg and place your profit target at either point A ( aggressive) or point B (conservative). Short entry Stop loss Conservative profit target Aggressive...
Pair : Volatility S & P 500 Index Description : Completed " 123 " Impulsive Wave C & H Bullish Channel in Short Time Frame as an Correction Fibonacci Level - 78.60% / 100% Demand Zone
Gold prices have been falling since mid-July as the USD appreciated. With moderate inflation and expectations of further Fed rate hikes, real yields have continued to climb. Yesterday's FOMC minutes reaffirmed the hawkish thesis and mentioned future rate hikes if necessary. Therefore, US government bond yields are expected to continue to rise higher in the near...
Natural gas was once considered a byproduct of oil production. It is now becoming increasingly important as one of the cleanest burning fossil fuels and a key piece of the clean energy transition. Today, it forms the backbone of global energy production. This paper delves into the supply and demand factors affecting natural gas prices and proposes a long...
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As I predicted, CADCHF bounced from a key daily structure support last week. Analysing 4H time frame, I spotted one more bullish signal. This time, the pair broke and closed above a resistance line of a falling wedge pattern. It indicates that the market may potentially go even higher. Next goals - 0.6524 / 0.6544 ❤️Please, support my work with like, thank you!❤️
MIL:DATA in Bouncing Area Also Getting Volume with Double Bottom How to identify the Demand Zone? Drop spin Rally : Step 1: Initially, the prices were falling down as there could be sellers activated in the stock. Step 2: The price will move in a range because there is an imbalance between buyers and sellers. Step 3: Finally the prices will further move...