EURUSD price action hasn't changed much, we see the price still trading around the daily and weekly resistance zones. Currently there is no signal of price reduction so it is impossible to sell. For the time being, please continue to monitor this current resistance area. If the price forms a nice sell-down signal or in a low time frame you see the price changing...
After falling sharply from the 1.10 resistance area and creating a bearish signal (rail pattern) on the daily, EURUSD had little fluctuation in the past session, with no significant changes. As mentioned, short-term rallies will give bearish bettors more advantageous entry points, you can wait to buy at the resistance zone.
This stock really like to make expulsive moves, I marked up a few ones with blue arrows. Now is sitting on a support, no price action yet but it doesn't give you much time to think. So I just bought a bunch of this and now just wait.
Despite the increase, yesterday's D1 gold bar had a narrow range and had an upper shadow, showing weak buying power. Yesterday's D1 bar fell inside the previous D1 bar to form an inside bar pattern, showing cumulative price compression. The D1 gold chart structure shows an overall sideways state with a bullish bias. Gold H1 rebounded to retest above and is...
The market has entered a time of year when capital flows dominate fundamentals, making it difficult to determine the cause of any market movement. Markets are paying attention to the Red Sea crisis and how the United States will respond to this threat to global shipping. In addition, gold also has fundamental support as the Fed turns to a dovish policy and the US...
The US dollar experienced a notable 1.3% drop at the end of last week, following a 0.49% gap down on Thursday. In contrast, the S&P 500 gained 0.3% on Thursday and 2.49% over the week. Since September 2022, the dollar has been volatile, falling 13% from a high of $114, briefly dipping below $100, then recovering 7%, and falling again by 4.8%. This erratic...
ING stated that the focus in the UK would be on the November CPI data released on Wednesday. Service inflation is anticipated to be 6.6%, suggesting a limited progression in inflation. This development is expected to prompt the market to reduce some of its speculations about a potential UK interest rate cut. Although services inflation in the UK is projected to...
After approaching the target price range around the 1.1000 barrier, the price fell sharply in the past session, losing most of the previous session's gains and creating a rail pattern on the daily. This behavior shows that the price may peak at 1.1000. Expect the price to soon test the lower boundary of the down channel. However, those who want to reverse should...
Gold experienced a decline on Friday, bouncing back from the resistance level after showing weakness during the preceding Thursday's upward movement. This indicates the continued influence of a dominant force from above. The daily (D1) chart for gold depicts a sideways structure with an overall inclination towards price appreciation. Following an accumulation...
At the moment Im looking for entry sell. My view is on chart. On top we have resistance and we need to back to point of start move
EURUSD rebounded strongly in the past session, broke the upper boundary of the accumulation zone and created a reversal pattern on H4, but the overbought phenomenon is occurring. We can place a Sell Limit order at the above resistance area
In the face of favorable economic and employment indicators, the US dollar continued its decline for the second consecutive session. Notably, the Dollar-Index, which gauges the USD's strength against a basket of six major currencies, experienced a significant drop of 0.88%, reaching 101,960 points at 6:34 a.m. this morning (Hanoi time). The diminishing value of...
According to the 4-year cycle theory, BTC could peak in 2025. I share my analysis of long-term trendlines and a projected path to a new 2025 parabolic top. I also include background knowledge about wave analysis, without labeling it.
Are you ready for reality show !? I hope HBAR 3 MONTH REACHED 0.13$ price No resistance and… :)
We saw huge bearish momentum for this pair on Thursday and Friday. Now looking for trend continuation to take a short trade. Waiting for at least a 50% retracement and price coming into the fair value gap- then we look for a bearish trend change on 15min and ATTACK! This is looking like a very yummy short! Follow and Stay tuned my friends ;)
Gold prices rebounded extremely strongly from the 1975 support level in the last session, creating a huge Marubozu candlestick on the daily frame and along with it, bullish engulfing patterns. The psychological barrier of 2000 has been regained and the price is now retesting the previously broken down channel. You should not consider this as a normal retest to...
hello dear traders and colleagues. Lets have a look at a very long term chart of CADJPY. If we want to interpret the chart using Elliott wave principle we can see from the bottom that we have completed a 5 wave impulsive bullish move (corrective wave 4 is running flat formation) and then we can see a 5 wave bearish impulsive (which also labeled as wave A). Now...
As you can see in the 4-hour timeframe chart, there are several different bullish confluences that we are currently observing. Firstly, the price is retesting a bullish trendline that has supported this recent bullish move since October 16th. Secondly, the price is also finding support from the 200EMA , and the price formed a nice rejection off this overlay...