Observing the Monthly-timeframe movement on USD/CAD, it could be inferred that the price has rejected the upper barrier of the rectangular range as mapped on the graph and formulated a new top. From here, in the upcoming long run, we are anticipating for the price to keep declining and, eventually, reach the lower boundary of the channel as indicated on the graph.
Observing the ongoing build-up on the Daily-timeframe graph, it could be inferred that the price has been developing for potentially upcoming bullish moves. Having spiked below the local key level and grabbed liquidity, we might imply that a bullish wave is ready to commence. Thus, having set buy positions with the stop-out order below the recent liquidity wick,...
Initially, looking at the Weekly-timeframe chart on the left-hand side of the screen, it could be inferred that the price has been unable to break below the major key zone of 1.072 and, ever since, it has been impulsing in the upside destination. Judging by the ongoing build-up, the bullish wave does not show any signs of stoppage and is continuing to move in the...
Analyzing the chart, it becomes obvious that the price is trading within the global resistance zone spanning from 44 to 56. Given this context, it is wise to look for attractive short-term setups, as they are quite reasonable at this stage. The initial target could be to remove liquidity behind the wick (x) at 27.24, and further targets could be to fill the...
💥After the gold price reached a new all-time high, it encountered a sell-off and fell back to more than 120 US Dollars an ounce from a high of 2,450 USD/ounce. Gold continued to fall when the FED made new statements. about monetary policy. Gold prices will continue to decline if the US economy continues to grow and data shows that the US economy is still at a good...
Good Evening and I hope you are well. Gold comment: 2350 is the big line in the sand for both sides. Bears did it big time by closing below the big bull trend line from March and consecutive daily closes below the 20ema. Problem for them is, 2300 - 2350 was huge support for 2 months now and I doubt bears can break it that easily. My bear channel from the weekly...
Suprajit Engineering , renowned for its excellence in automotive cable manufacturing, stands as a stalwart in the industry, poised for potential growth and value appreciation. Let's delve into the technical factors guiding this promising swing trading opportunity. Reasons are listed below : A notable breakout has occurred, as the stock successfully breaches...
The current market conditions suggest a favorable buying opportunity in MOTHERSON SUMI , presenting astute investors with the possibility of capitalizing on potential gains. Reasons are listed below : Following rigorous testing at the 98 levels, the resistance has shown signs of weakening, heightening the likelihood of an imminent breakthrough. Stock is in...
Last week was marked with indecision. Market was moving in a narrow range while Buyers were waiting for FOMC ad NVDIA’s earnings. After receiving positive confirmation (FOMC neutral, earnings good) market tried to go higher but found no support from large players. Sellers took advantage of the weakness and dropped price, clearing many weak longs established in the...
🔍Bitcoin is currently in a resting phase, waiting for a decisive move. Let's conduct a comprehensive analysis of Bitcoin in the 4-hour timeframe. 🔄Previous Analysis Recap In the previous analysis, entering a long position was suggested upon breaking 66,828, which would have yielded a good profit up to the 72,000 level. The short trigger from the previous analysis...
Judging by the Daily-timeframe build-up, we might imply that the price has nicely tapped into the liquidity region laying above the right shoulder of the recently formulated Head&Shoulders pattern, and now we are observing bearish moves in the destination of two zones - the pattern neckline and the 0.888 key level. Upon reaching the pattern neckline (0.9 region),...
NZDJPY formed a nice cup & handle formation on a strong horizontal support on an hourly time frame. I made a decision to buy the pair after a breakout of the neckline of the pattern. I expect a growth now at least to 96.2 ❤️Please, support my work with like, thank you!❤️
Hi guys If the $0.00000706 resistance zone is completely consumed; We expect a reaction from the yellow range. If the $0.00000255 support area is fully consumed; The possibility of a downward trend is strengthened in the medium term. What do you think!?
Dollar Index nicely respected a key daily horizontal resistance. I see a double top formation on an hourly time frame and a confirmed violation of its neckline. I think that the market may drop at least to 104.43 before the news. ❤️Please, support my work with like, thank you!❤️
USDCHF is currently testing a key daily horizontal support. To buy this structure with a confirmation, pay attention to an expanding wedge pattern on a 4H time frame. Your confirmation to buy the pair will be a bullish breakout of the resistance line of the wedge. A bullish continuation will be expected at least to 0.9155 then. If the price drops below the...
Usd strength! After those talks of Eur rate cuts next week by Euro central bankers. Lower rates means less monies flow into the Eurozone for the Carry trade. USD is taking advantage of this and strengthening. Look at that shooting star candle on the Daily timeframe. What a pre-cursor to a massive selloff on the Eur today. The price action was giving us hints as to...
Details are explained in the chart. 1) Stock is in strong uptrend 2) Stock has given a daily breakout of 2 years of consolidation 3) Stock broke out of out of cup and handle pattern 4) Narrow Range Pivots in yearly & Monthly.
Good Evening and I hope you are well. bitcoin comment: Let’s make this simple. Bullish above big red line around 70600 and uber bearish below 65000 and . Neutral in between. Not rocket science. But how good was my two legged correction from two days ago? Hope you made some. current market cycle: Trading Range key levels: 56000 - 74000 bull case: ...