GBPCHF in a Risky Bearish Movement In this video I explained GPBCHF analysis from a 4 hour and 60 min perspective. It is very risky but we can see GBPCHF correcting during the coming days. It's risky as a sell because SNB changed the Monetary Policy statement. You may watch the video for further details! Thank you and Good Luck! ❤️PS: Please support with a...
GOLD : Only Strange Moves Two weeks ago the price reached 2222 without any solid reason. It is speculated that all these bullish moves are related to China's demand for GOLD, however, the real truth is not clear. Today the price went up again to 2215 for no reason and this was created at a point in the day when the USD was strong and the DXY was rising. So if...
FIL/USDT: Rising Wedge Pattern - Bearish Outlook Technical Analysis: The price faced a strong resistance near the top at 11.80 and it moved down nearly -35% in 7 days. Actually the price is in correction and just completed a "Rising Wedge Patter" You may watch the video for further details! Thank you and Good Luck! ❤️PS: Please support with a like or comment...
BTC - Harmonic pattern that can push BTC down In today's BTC analysis, I explained possible price developments, resistance zones and targets for the BTC chart. Considering that BTC is retesting the top, this is increasing the chances of another bearish wave. You may watch the video for further details! Thank you and Good Luck! ❤️PS: Please support with a...
MPC/USDT -Partisia Blockchain - Bullish Wedge Pattern MPC/USDT -Partisia Blockchain after it was released we can see that the price is moving down nicely. We can currently see that it is taking the form of a wedge pattern signaling this way volume accumulation. This is a normal process before the price increases. When the price bounces above the pattern, it...
CHFJPY: A bigger bearish wave could happen After the meeting today from Japan's top currency diplomat Kanda commented: Recent yen moves are not reflecting fundamentals Speculative moves are behind recent yen movement Does not consider a 4% move in a span of 2 weeks as being a "mild" move Closely watching FX moves with a high sense of urgency Will not rule out...
USDJPY - Japan's MOF, FSA, and BOJ to hold URGENT meeting Japan's MOF, FSA, and BOJ to hold meeting to discuss financial markets USD/JPY sees a bit of a quick dip to just under 151.50 now as this sudden meeting is called. It will take place in a little over 10 minutes from now with Japan top currency diplomat Kanda to brief the media after.- as reported by...
USDJPY - Time of Truth The price violated 150.85 like the knife in the butter. All this movement was related to the FOMC that is still expected to share any hawkish signals through the Interst rate projection. However the most important part of this movement was related to the fact that BOJ Increased rates after a long period of time but according to the market...
BTC - Another Bullish Wave? BTC reached the top at 73770 on March 14th and in 6 days the price reached 60.7K. The price decreased by nearly 17.50% in 6 days which was a big movement. It looks like the price found buyers support near 60.7K. Today we have a bullish wedge pattern that is showing a possible bullish movement. however, we must be careful as BTC...
EURCHF: Structure Analysis The price broke out of 0.9690 showing strong bullish volume. This movement was also supported by the SNB, which decreased interest rates last week, thus being the first central bank to start the cycle of lowering interest rates. This decision created a bearish wave in CHF pairs. The price may therefore be ready for another bullish...
EURUSD in a Complex Pattern EURUSD is likely to test a strong support area near 1.0800 and we could see the price rise again to the resistance area of the pattern near 1.0885 - 1.0920 This way we can see a larger pattern developing. It also remains the fact that after the FOMC we saw that the EURUSD was dominated by bearish momentum and the current price...
US30 may weaken further in the coming days The price completed a harmonic bearish pattern near 39900. The initial price reaction was good and chances are increasing that the US30 could weaken further in the coming days. The first and strongest support zone will be found near 39K which is also a strong structure zone and the second 38700. You may find more...
Gold may develop further into a correction 2157-2163 is acting as a strong support zone so far. During Friday the price rose from the same area up to 2178 and moved back down near 2163. Considering that the market may not move properly today, then it may move in this narrow area 2163 - 2175. I am not expecting big movements taking into consideration also the...
Gold wiped out most of the gains on Thursday after its brief moment of strength on Wednesday during the FOMC meeting. Fed, anticipated three rate cuts for 2024 and this helped gold rise near to 2121 by reaching a new all-time high. All was created suddenly 4 hours after the FOMC meeting. It seems that the market experienced another speculation. The market was...
OIL May 85 oil test in the coming weeks Technical Analysis: The price of oil broke out of a strong bullish channel. The price reached 80.80 on 01-Mar-2024 and during all these days it created the second bullish channel pattern which lasted for 11 days. The breakout from the pattern turned out to be solid, increasing the chances of oil testing 85$ per barrel in...
EURCAD: Still In The Same Zone - Structure Analysis EURCAD is close to a breaking point. 1.4765 proved to be a strong area as it has already stopped the biggest price rally. If the price manages to break 1.4765 with a strong candle, then EURCAD should rise to the other resistance zones: Resistance/Target Zones: 1.48600 ; 1.4940; 1.5025 If the price manages to...
USDCAD Can Move Down From The Resistance Zone Near 1.3600 USDCAD is near a strong area of major resistance that was tested twice over the last month and it stopped there. USDCAD may face strong resistance near the 1.3600 price area for the third time. If this happens, then we can see the USDCAD moving down again as shown on the chart. In the middle of the big...
GOLD at a Crossroads From the last update on gold, the price tested the 2144.90 price zone which was also our strongest support area. As we can see the pattern was completely transformed. This is happening for two reasons. Firstly the price is still manipulated and Secondly, it is waiting for FOMC on WEDNESDAY, MARCH 20. The current pattern can push the price...