NASDAQ:GOOG has formed a bullish trend channel starting from November 2023. Had a strong pull back last week but bounced back to maintain the bullish channel. Great probability to retest the the previous resistance as it looks to soar to new all time highs.
NASDAQ:LYFT has retested the $12 major support level and has a huge bullish momentum. The stock highly undervalued at this price and due for a major upside. First off, let's talk about the elephant in the room: the pandemic. While it's been a wild ride for ride-sharing companies, Lyft has shown resilience and adaptability. They've implemented safety measures...
As mentioned earlier, let's dive into the latest developments regarding USDCAD's market dynamics. Get ready for insightful updates and potential trading opportunities. 🚀📈 📉 Downward Trend Forecast: Our analysis suggests that USDCAD is poised to transition into a downtrend. Why? Because we anticipate further downward movement in the DXY (Dollar Index), which could...
"Reflecting on the recent BTC price movement, my earlier prediction of it not hitting ATH before the halving proved incorrect, as it soared to 69200. Although I missed the long opportunity after exiting in the 46k range, I don't regret not participating in the Bull Run. I maintain confidence in an impending market correction, anticipating the opportunity to buy...
We are approaching a global high. I expect liquidity drain and further fall to the big fvg formed at 1 month In this month we will see the formation of a reversal formation and the beginning of the depreciation of the asset! Considering lots of open long positions (funding rate) there is a great chance to open short positions. Take into account liquidity (by...
USDCHF D1 decreased yesterday, with a narrower fluctuation range compared to the previous few D1 bars, showing cumulative price compression. With the current sideways state, yesterday's narrowing of fluctuations suggests the possibility of an explosion in price fluctuations for USDCHF in the near future. The accumulation status of USDCHF H1 is in the form of a...
Gold prices were still trading near a three-month high on March 5 as US construction and manufacturing spending declined, while investors awaited a statement from the Federal Reserve Chairman. US state (Fed) Jerome Powell and important US employment data in February 2024 to provide signals on interest rate policy “The rally in gold prices was triggered by...
Yesterday's increase was the third consecutive increase for GBPUSD, however there were signs of weakness because yesterday's D1 bar had a long upper shadow, swept to the nearest peak and then pulled back down, creating a false break. Because there has not been a previous break from the inside bar, GBPUSD D1 is still in a state of accumulation and price...
EURUSD recovered significantly in the past session from the support area of 1.08. Overall developments are still favorable for the buying strategy. You continue to hold existing positions, the target is still around the threshold. 1.09 and 1.10.
After forming of the desceding channel the price reached to supply zone combine with resistance line. The resistance line is not so hard because the prices have touched it only 2 time and now is the 3rd. Everything depends on the data which eurozone will share. If they are positive for the EUR then may be after a retest, an idea for long position will be great. If...
EURUSD recovered strongly after approaching the 1.08 resistance threshold, a triangle-shaped accumulation area is forming, you need to pay attention to this model, if it breaks above, it will be a signal of consolidation. Check for previous bullish signals. Currently we still have long positions, with a stop loss below 1.08, you continue to hold these positions,...
The EURUSD is growing in a local ascending channel and there is every reason to technically deduce that the EURUSD will continue the growth by grabbing the liquidity within the 1.08576 zone before continuing the ascension in the local channel. My support is 1.08429 and with a target resistance of 1.09320.
World gold broke the resistance level of 2,050 USD/ounce thanks to expectations of loosening monetary policy by the US Federal Reserve (Fed) after somewhat weak US economic reports were published. Although prices have recovered, many analysts are concerned that gold may encounter difficulties. After each time the precious metal breaks the resistance level, the...
We've reached a potential reversal zone, where the ascending channel trend intersects, along with a limit level at 0.7545 and Fibonacci level at 0.618. This scenario is reinforced by the appearance of a bullish reversal formation known as an inverted hammer. The target will be the upper boundary of the channel.
Gold had an extremely strong price increase in the last session of the week. Buy signals were activated after the price broke the important confluence level of 2050, this break marked the end of the previous downtrend. Now that the initial target of the long position has been approached (around 2080), you should consider reducing risk by moving the SL and/or...
Central bank gold purchases have “surged to record levels” in recent years, as regulators seek to diversify reserves and reduce credit risk. China and Russia are leading gold purchases, while India, Türkiye and Brazil are also increasing bullion imports in large quantities. Citi Bank experts said: “The most likely path to $3,000/ounce of gold is the rapid...
Today's focus: NDQ100 (Nasdaq) Pattern – Continuation (Bullish) Support – 17,804 Resistance – 18,047 Hi, traders; thanks for tuning in for today's update. Today, we are looking at NDX100 on the daily chart. Today, we are asking if the NDX100 index will contnue to move higher after putting up several key price action points. Have buyers set the tone for a new...
#ACH He needs to win the $0.022 zone again and rise again at $0.0252. However, in the scenario where the $0.022 level is not regained, we want to evaluate the $0.01687 and $0.01499 levels for medium-term spot buying. We will buy if the price drops to $0.01687 with a sharp decline. The region where we are considering a second spot purchase is at $0.01499. If it...