ZYLOSTAR.COM recommends going long for WTI Crude oil. US crude oil in majorr support, Rebound likely
SPX500 1 H chart shows break of trendline. So ZYLOSTAR predicts more downleg movement of US 500.
ZYLOSTAR is predicting new wave of uptrend in Dow jones
Treandine has been broken convincing us for upwards movements
US 30H chart at resistance of downtrending channal
Saudi Arabia, the world's largest oil exporter, is planning to extend oil production cuts through next year, while OPEC+ considers additional cuts in response to declining prices and rising tensions over the Israel-Hamas conflict, per Financial Times After oil prices hit a four-month low of $72.35 a barrel last week, four sources familiar with the Saudi...
NASDAQ 100 forecast on Tuesday, November, 21: 15843, maximum 16952, minimum 14734. NASDAQ index prediction on Wednesday, November, 22: 15859, maximum 16969, minimum 14749. NASDAQ 100 forecast on Thursday, November, 23: 15864, maximum 16974, minimum 14754. NASDAQ index prediction on Friday, November, 24: 16202, maximum 17336, minimum 15068.
Factors Influencing the Australian Dollar (AUD): China's Interest Rate Decision: The AUD received upward support following the People's Bank of China's decision to keep its loan prime rate unchanged at 3.45%. This decision likely contributed to the AUD's strength. US Dollar (USD) Dynamics: The USD attempted to rebound from a two-month low, posing a challenge to...
According to one Crypto X community member, the status of Ethereum “could be an issue that comes up at day 90 for the spot ETH 19b-4 filings.” The SEC will then have to state the reasons for which it is contemplating disapproval (if it actually gets to this point) in order to institute proceedings to determine whether to approve or disapprove a spot ETH...
Current Pair Status: The USD/CAD pair is experiencing a loss of momentum during the Asian session, trading at 1.3749, consolidating from the weekly low of 1.3655. US Economic Data: The recent US economic data, particularly the rise in Initial Claims and Continuing Jobless Claims, may be influencing the market sentiment. The higher-than-expected jobless claims...
Market Analysis: EURCAD Current Situation: Trend: EURCAD is currently experiencing an upward movement. Anticipated Correction: There's an expectation of a correction, potentially encountering strong resistance around 1.4790. Technical Analysis: Resistance Level: 1.4790 is identified as a significant resistance level. Potential Correction: Traders are looking for a...
The United Kingdom's Consumer Price Index (CPI) showed a notable deceleration in annual growth, slowing to 4.6% in October from the previous month's 6.7%, according to official data released by the Office for National Statistics (ONS) on Wednesday. This figure fell short of market expectations, which had anticipated a 4.8% increase. The Core CPI, excluding...
If you're considering selling USDJPY based on the weekly high and an overbought RSI, you may want to look for additional confirmation signals and consider potential reversal patterns. Common reversal patterns include: USDJPY: 151.80 RSI: Overbought area Trading Action: Sell Reasoning: Weekly high and overbought RSI Reversal Pattern: Look for patterns like Bearish...
EURUSD takes major support and bounces back from 1.6600
It seems like the AUD/USD pair is dancing around the 0.6400 psychological support level, closely shadowed by the 21-day EMA at 0.6394. A breakthrough below the EMA might trigger a descent, targeting the November low at 0.6318. On the flip side, resistance lies at the 23.6% Fibonacci retracement at 0.6417, followed by the psychological barrier at 0.6500 and the...
The US Dollar (USD) takes a brief pause and consolidates its strong recovery gains registered over the past two days, which, in turn, is seen lending some support to the NZD/USD pair. Declining US Treasury bond yields, along with a generally positive risk tone, keep a lid on the safe-haven buck. Traders, however, seem reluctant to place aggressive bets and prefer...
Order Block trade idea ! Buy in this area for short-term
A "divergence" in a trading context usually refers to a situation where the price of an asset and an indicator, such as a technical indicator like the Relative Strength Index (RSI) or Moving Average Convergence Divergence (MACD), move in opposite directions. This can be seen as a potential signal of a change in the current trend. If you believe that there is a...