Hello dear traders! On the 2-hour timeframe we see a trend change, then the market moves into a correction and distribution phase and reaches 2355 USD. Accordingly, the USD 2350 resistance area continues to hold the price amid correction and sell-off. I expect that after a retracement and retest of local liquidity areas, the price reaction to liquidity areas will...
Dear traders! Earlier we saw the bulls' attempt to maintain a gradual rise towards the 1.0900 level. However, the Pair retreated after the unsuccessful attempt, mainly due to the strengthening of the US Dollar (USD), dragging EUR/USD to a new 5-day low near the 1.0820 region. Looking ahead, relatively weak economic fundamentals in the Eurozone, coupled with the...
Dear traders! In general, after successfully breaking the resistance level above the Symmetrical Triangle channel, the price has confirmed and the recovery momentum has increased in materialization and distribution. It is now aiming to test local highs, but the upside momentum still looks likely to lack momentum before strengthening further. At this point we are...
Dear traders! As Conan predicted earlier, the GBP/USD pair remains well supported across the price channel amid hotter-than-expected UK CPI inflation data, reducing interest rate cut bets on June from the Bank of England. So the lack of change from yesterday's session above 1.2720 on Thursday and the consolidation above 1.2700 in time should not come as too much...
Dear traders! Overall, after gold updated its new ATH at 2450 USD, gold experienced a pullback to 2375 USD. Break of previous previous consolidation above $2400. Amid slowing inflation, Fed officials kept a cautious stance on interest rate policy and extended the duration of interest rate cuts longer. Gold prices have begun to experience downward pressure. From...
Dear traders! On the 1D timeframe, gold confirmed a correction to the liquidity zone after updating its ATH. The $2,400 liquidity zone probably remains a solid support level for continued bullish support. However any false breakout could see gold retreat deeper possibly to the 2375 area with the aim of consolidating before strengthening further above the latest...
Hello dear traders! GBP/USD maintained stability at 1.2700 early Tuesday after remaining largely unchanged during the week's opening session. While the technical outlook still suggests a continuation of the uptrend, the pair's price action could remain difficult ahead of key inflation data from the UK on Wednesday. Technical analysis: The bullish outlook is...
Hello friends! The EUR/USD pair hovered around the 1.0850 mark for the second straight day on Tuesday, with the US Dollar edging higher amid worsening market sentiment. However, the pair still refuses to leave its comfort zone as data and policymakers' words are not enough to convince speculative interest. The United States (US) macroeconomic calendar has nothing...
#BLUR Alert: Bullish Rally Ahead! 🚀 We've confirmed a Falling Wedge Upside Breakout/Retest on the daily timeframe chart. 📈 Plus, the RSI is showing a strong bullish divergence. 🔥 Get ready for an explosive 80%+ bullish rally in the coming days! 💥 #Crypto SEED_DONKEYDAN_MARKET_CAP:BLUR
Hello all of you! Gold prices retreated during Tuesday's North American session after hitting an all-time high of $2,450. However, it fell below the April 12 high of $2,431 as the greenback recovered somewhat. XAU/USD trades around $2,420, after hitting a high of $2,433. Fundamentally, in the short term, gold may continue to be affected by bearish market...
#MYRO Breakout this ascending triangle pattern, and currently it is coming to retest it. If it successfully retests this pattern, then we can expect a potential rally. Technically, as per the pattern, we can expect almost a 60% bounce. Entry: CMP and add more up to $0.203 SL: $0.191 Leverage: 2X to 5X DYOR, NFA
#ONDO Breakout this bullish pennant pattern and currently retesting the support, and then we can expect a potential rally. Technically, as per the pattern, we can expect almost a 150% rally. Entry: CMP and add more up to $0.848 SL: $0.77 DYOR, NFA #Crypto LSE:ONDO
Dear traders! The USD/JPY pair extended its winning streak into its fourth trading session on Tuesday. The asset strengthened as the US Dollar appeared to stabilize as Federal Reserve (Fed) officials confirmed maintaining interest rates at current levels for longer. This week, the USD/JPY pair will follow the Federal Open Market Committee (FOMC) May meeting...
The long thesis for SOXL, Semiconductor 3x Long. With Crypto, AI, Automation etc we will soon come to view Semiconductors as a fuel for computational power. Just like we need gas for cars and electricity for all the rest the next phase of the economy is running off of Computational Power at a mass global scale. The internet was the mass explosion of...
Buying AUDUSD at demand, slightly late entry, should have entered last night. Looking for price to make it to the supply above.
Pendle broke through the resistance level and the descending trendline. The bullish movement to the resistance level at $7.54 is expected to happen.
Prestige Estates , a leading Indian real estate developer, is showing a compelling opportunity for a swing trade. Reasons are listed below : Breakthrough of Resistance Zone : The 1350-1400 range had been a significant resistance zone, but the price recently broke through and achieved a weekly close above it, indicating a strong upward momentum. 0.5 Fibonacci...
Consider a compelling swing trade opportunity in Indraprastha Gas Limited (IGL) , a leading natural gas distribution company in India. Reasons are listed below : Attempt to Break Triangle Pattern : IGL is attempting to break out of a triangle pattern, indicating a potential shift in market sentiment and the beginning of a new trend. Bullish Marubozu on Daily...