💰Bitcoin a chance for a correction? 💰Bitcoin in the last day has broken out from minimum to maximum by 6.12% This is definitely a standout from the previous days. 💰I don't think this breakout was a coincidence, bitcoin caught some air at the same time as the major stock indices started to break out higher. 💰A dollar started to weaken. 💰Such a situation...
🦘AUD/NZD Monday play 🦘The Australian currency has begun to weaken sharply against the New Zealand dollar over the past month. 🦘The extent of the weakening since the peak has already been over 4% 🦘Friday's session did not leave a dry eye on the pair either. 🦘The weakening of the Australian currency is probably dictated by the interest rate differential which...
ETH going for $1800? Today we see a beautiful breakout on ethereum which from minimum to maximum is 14.25%. As I wrote in a previous post there was a breakout from the support level we have been accumulating on since 19 September which lasted 36 days. We also broke through the 50 moving average. The next support resistance comes from the price levels at...
🪙 Gold under pressure from strong doalar. In today's analysis we will look at the chart of gold, which in the current week has shown that there is no strength for any increases. 🪙 After the rebound that took place 2 weeks ago, we could have hoped for an enlargement and extension of the upward correction. 🪙 But decisions to raise US interest rates again by...
👑 GBP struggles to maintain upward trend 👑 👑 Last week, the British pound positively surprised all investors. Because the Bank of England announced the purchase of assets such as bonds 👑 Against the JPY, we could see a rebound of about 10%. 👑 This gave a clear signal confirming the continuation of the upward trend on the pair 👑 The high bounce we made may...
💷GBP/JPY time to get rich 💷Looking at the pound for what it has done in terms of price appreciation over the last few weeks is incredible. 💷Referring back to my post from 2 weeks ago in which I wrote about the GBP/JPY pair still having plenty of room to rise (spoiler I wasn't wrong) Accurately predicting a correction and then further rises. I invite you to read...
🍎Apple's time to shine🍎 🍎 The week of third quarter financial results is upon us. On 27 October, we will find out how Apple's reports stack up. 🍎 The tech industry is already thundering about the desire to cut jobs. Apple is one of those companies that eschews these rumours, definitely standing out from its Silicon Valley competitors. Instead, there are reports...
🇩🇪 DAX time for a correction? 🇩🇪 During last week's trading sessions, we could see an attempt to stem the declines on Germany's main index, which comprises the 40 largest German companies. The correction from the bottom was already 9%. 🇩🇪 The bottom fell on 28 September and from then on we began to slowly form breakout formations on the chart. We have been...
💶EUR/USD Euro is growing in strength 💶The euro is showing signs of strength in the current week. Is a correction in the downtrend getting ready? 💶Looking at the Unemployment rate in the Eurozone, it stands at 6.6%, the lowest on record. 💶Inflation is already close to 10% and on the 31st when there will be a flash year-on-year reading it is forecast to be...
NZD/JPY Kiwi rallies to break out. 🇳🇿 The NZD has been in a downtrend with a number of currencies for some time, on the chart with the yen we can see the accumulation since March this year. 🇳🇿 Looking at the data coming out of the economy. 🇳🇿 Unemployment one of the lowest on record at 3.3% 🇳🇿 Inflation at 7.2% Not the worst. We can see that it has been...
💶EUR/USD where the correction will end. 💶Following up on my last post in which I wrote about the trend reversal on the eur/usd pair to an uptrend 👇👇👇 💶After a beautiful breakout to 1.008 levels and above parity. 💶We have again dropped below parity and in this post we will look at where we can see the correction ending. 💶Looking at the price action,...
🇩🇪 DAX Prepare to rally higher 🇩🇪 Referring to my last post on dax 👇👇👇 🇩🇪 We are in a very interesting place where an upside breakout formation could take place. 🇩🇪After making a correction yesterday. At the opening of the session today, the dax index showed strength and a desire to continue the uptrend. 🇩🇪 If today's breakout occurs, the way is open to the...
💶💷EUR/GBP fall season 💶💷Quick play 💶💷A play to continue the trend and reach the 1:1 range of the last downward wave in the trend. 💶💷Breaking out at current levels. 💶💷Stop order above today's downtrend candle 💶💷Take profit at 0.8492 i.e. 1:1 fall wave. 🚀If you appreciate my work and effort put into this post I encourage you to leave a like and give a follow...
🪙GOLD Continuation of declines 🪙Quick play 🪙Gold has been in a downtrend for some time now 🪙Gold has been in a sideways trend for a few days now 🪙There is a high probability of declines to the 1643 levels of the cluster 2 fibo levels 0.236 and 0.786 measuring the largest upward wave and correction 🪙Taking entry now at 1657 level Stop is set at 1667...
💰Observing the current correction on bitcoin it immediately crossed my mind to write a post that is a direct continuation of yesterday's post 👇👇👇 💰In a nutshell, I would like to introduce you to an interesting support zone to which, if we were to rally, it would be worth watching bitcoin's behaviour closely at this point in order to try and connect to the...
💵NZDU/USD Time for a correction 💵Quick play 💵Quick play to make a correction in the medium-term uptrend after the double top breakout on the hourly interval 💵Input at current level 💵Stop order above double top 💵Take profit at 0.57334 which is the 0.382 fibo of the upward impulse wave 🚀If you appreciate my work and effort put into this post I encourage you...
💶💴EUR/JPY The rally is not over yet. 💶Euro is showing signs of strength in the current week. 💶 Looking at the Unemployment rate in the Eurozone, it stands at 6.6%, the lowest on record. 💶Inflation is already close to 10% and on the 31st when the flash year-on-year reading is forecast to be 10.1% 💶Interest rates have been raised by 75 basis points and the...
💲XRP silence before the breakout 💲Over the past few days we have seen cryptocurrencies wake up from accumulation and we have seen most of them break out beautifully. Breaking through local resistance lines. 💲On XRP, the situation is a little different 💲The start of the breakout occurred on 7 September from levels of 0.32 to 0.56 within 2 weeks. The range of...