OANDA:EURCAD has been forming series of Higher Higher and Higher Lows. Currently, It is trading in golden zone of fibonacci 50% where we also have trendline retest. These confluences suggest we can look for buying opportunities in EURCAD
FX:XAUUSD is trading in the range of 2335-2397. Bulls are trying to keep the price from falling, countering the market in the 2330-2340 area. A rebound may reach local liquidity zones. At the moment the market is bearish but also volatile. Any news could have a strong impact on the dolar and gold. In the mid-term, since after a false break of support a...
Momentum preceeds prices! The USDCAD has had a trend reset (Secondary Trend), which is key to the Up-trend continuation. The structural point for trend reversal is 1.3656, we want to see a second breakdown below the structure without breaking below 1.3624. A trade back above 1.3656 will be the first buy, confirmation will be a trade above 1.3671. In terms of...
BTCUSD started an upward trend since 1st May from $56,542 to a last week's high of $71,940. BTCUSD price is hovering around a supply region and the bears are warming up to take control at the resistance level of $70,000. My bias is bearish. Resistance $71,198 - $70,400 Support: $64,595
🔍Let's dive into today's analysis. It's Sunday, and since it's a holiday, the market volume is lower than usual, making market movements less reliable. 📆Coin of the Day: Render Token (RNDR) Today, we're analyzing Render Token (RNDR). I've previously analyzed this coin on the daily timeframe, and I hope you took advantage of the entry points I provided. The...
Hello everyone, let's take a look at the XRP to USDT chart on a 4-hour time frame. Let's start by defining, using white lines, a sideways trend channel in which the price moves at its lower border. Let's start by determining the support and as you can see, first of all, as support, we have a support zone from $0.50 to $0.45, when the price drops below this zone,...
Consider a promising swing trade opportunity in Anupam Rasayan India , a leading specialty chemicals manufacturer. Reasons are listed below : Strong Support Zone at 800-850 : Anupam Rasayan India has a strong support zone established at 800-850, indicating significant buying interest and potential reversal points. Hammer Candle on Weekly Timeframe : The...
Hello everyone, let's take a look at the DOT to USDT chart on a 4-hour time frame. As you can see, the price is moving in the upward trend channel, at its upper limit. Let's start by determining the support and as you can see, the first support in the near future is $7.31, if the support is broken, the zone from $7.07 to $6.89 is visible, then we can go down to...
Hello traders, I have determined the formation target on the chart. I wish everyone success. Like and comment if you find value in our analysis. Feel free to post your ideas and questions at the comments section. Thank you for considering my analysis and perspective. Good luck
Hello everyone, let's take a look at the 4H BTC to USDT chart, as we can see how the uptrend is maintained locally and the price has been offset by the main downtrend. Let's start by setting goals for the near future that we can include: T1 = $69,452 AND T2 = $72,943 Now let's move on to the stop-loss in case of further market declines: SL1 = $66,148 SL2 =...
Gold has uptrend now. Some of zone has low volume and high volume. In my point of view it will make a fake zone then drop after one candle drop it can be continue.
The stock of Xiaomi posts its first losing week in more than a month, despite its mostly strong quarterly results on Thursday and the upgraded guidance on EV deliveries. The drop likely reflects the broader decline of the Hang Seng Index due to geopolitical concerns. It also makes sense from a technical standpoint, since it had reached highly overbought...
FX:XAUUSD continues to update lows amid a bearish wave based on fundamental (economic) reasons. The market after a pullback may be willing to continue falling. On D1 the outlook and situation is in the hands of bears. There is no big buyer on the market, who could turn the market around (not yet). Accordingly, a correction is forming due to liquidity...
FX:GBPUSD is forming a test of the resistance level at 1.271. There is a struggle for the level during the week and apparently the sellers are winning (pinbar is formed and consolidation under the level). Technically, the downtrend was broken earlier, but there was no confirmation of the boundaries and confirmation of the trend change, so the area of 1.271...
FX:XAUUSD is forming a bearish wave, within which it is declining from 2400 to 2350. The price is testing strong support amid the changing sentiment. Within a bullish trend, after testing the high of 2450, the market catches up with a correction wave based on fundamentals. The market is caught by a wave of sell-offs, which can be continued after a pullback...
Technical Confluences for Trade: - Stochastics are in Overbought Conditions on D1 and H1 time-frame. H4 is also entering Overbought Conditions. - Price action is close to last month's Resistance Trendline - Price action is well into a Supply Zone area - Targeting between the 50.0% - 61.8% Fibo retracement Suggested Trade: Entry @ Area of Interest 1.7180 -...
Technical Confluences for Trade: - Stochastics are in Overbought Conditions on D1 and H1 time-frames - Stochastics are also Overbought in multiple Cross-CHF pairs and even on USDCHF pair. - Price action is close to a Supply Zone - Price action is close to multiple Resistance Trendlines & top of Parallel Channel as well - Targeting the 38% Fibo retracement for...
This is a followup idea on my previous one where we "idezied" the bottoming process, which so far has been manifested. So far I see it as a huge (A)(B)(C) forming to the upside, hence the choppiness, which overall LIKELY will stay as 3 wave structure hitting a several year upside target of between 22 - 84 USD, too soon to projectile anything more proper target....