🏃♂️ Bitcoin is moving in the 🔴 Resistance zone($63,440-$62,690) 🔴 🌊According to the theory of Elliott waves , Bitcoin seems to be forming a main wave 3 (the next 5 impulsive waves). 📈In terms of Classic Technical Analysis , Bitcoin has succeeded in breaking the upper line of the Descending Broadening Wedge Pattern . 💡Looking at the chart of Market...
The AUD/USD currency pair is currently in a favorable buying zone, with the exchange rate sitting at 0.65957. This indicates that it may be a strategic moment for traders to consider purchasing Australian dollars against the US dollar. By setting take-profit levels at 0.66282, 0.66387, and 0.66500, traders can establish clear targets for potential gains. These...
Hello wonderful friends! On the previous H1, we saw the trend change, then the market entered a consolidation phase and reached 146.44. It is currently trading below resistance holding the price around the 148.00 area, but amid price compression and a gradual approach on growing volume sellers are less likely to hold the resistance zone. Personally, I still...
Currently, the USD/JPY currency pair is indicating a favorable buying opportunity, with the buy zone identified at 155.70. This suggests that at this particular price level, it could be advantageous for traders to consider initiating long positions in anticipation of potential price appreciation. To capitalize on potential gains, traders may consider setting...
On Monday, gold prices traded negatively during the Asian session. Hawkish remarks from the Fed along with increasing speculation that the Fed might delay its easing plans bolstered the U.S. dollar, driving gold prices lower. However, the bullish outlook for gold remains intact as it sustains above the 34.89 EMA. This support suggests that the trajectory for...
Hello wonderful friends of Ralph Benjamin! Regarding developments and results of EURUSD impact news: A resurgence of bearish sentiment on the US Dollar (USD) fueled a strong reaction in EUR/USD, pushing it to multi-day highs north of 1.0800 at the start of the week . Conclusion and new outlook for EURUSD: EUR/USD recovered the recent gains recorded in the...
XAUUSD, indicating a sell zone at the current price of 2355. This presents a strategic moment for traders to capitalize on potential market movement. Setting multiple take-profit levels, such as at 2350, 2340, and 2330, offers a layered approach to securing gains at different price points, ensuring flexibility in profit-taking as the market reacts. Meanwhile,...
The current buying opportunity for USDCHF is at 0.90659, presenting traders with an advantageous entry point. Setting take profit levels at 0.90761, 0.90871, and 0.91074 allows for a strategic approach to capitalizing on potential market movements. These levels offer clear targets for profit-taking, helping traders manage risk and maximize returns. Implementing a...
The suggested buy zone for NZDUSD is currently at 0.60075, indicating a favorable entry point for potential investors. This strategic entry level is complemented by carefully calculated take profit points, set at 0.60341, 0.60525, and 0.60609, offering multiple opportunities for profit-taking as the trade progresses. Additionally, a prudent stop loss order is...
BTCUSDT Trading Strategy: On H1, the price completely broke the trend channel and was completely below the resistance mark of 61,000 USD, showing that selling pressure from bears is strengthening. Accordingly, the price continues to be below the 2 exponential moving average technical signal from the EMA 34.89, which raises hopes of a sell-off. So, it wouldn't be...
Currently, the EUR/GBP pair presents a favorable buying opportunity, with the buy zone identified at 0.85969. This suggests an advantageous entry point for traders looking to capitalize on potential gains in the market. As for profit-taking levels, targets are set at 0.86300, 0.87319, and 0.86492, offering multiple opportunities for traders to secure profits at...
BTC / USDT BTC has printed big falling wedge and the chance for big breakout is high however more corrections and final shakeout can also happen The bottom about to be formed So Keep accumulating BTC and strong altcoins and enter market partially In meanwhile you can ask about your favorite altcoin for analysis Best of wishes
Gold prices (XAU/USD) encountered challenges in Monday's Asian trading session. Hawkish comments from the Federal Reserve (Fed) and speculation that the Fed might delay easing its monetary policy boosted the USD, putting downward pressure on gold. However, economic weakness and geopolitical tensions in the Middle East could support the precious metal. Investors...
Hello everyone, are you wondering about the recent trends of EURUSD? Currently, EURUSD is continuing to rise as the weakening of the US Dollar (USD) has spurred a strong response from EUR/USD. This currency pair has broken through several important resistance levels, turning them into new support levels. The recovery trend of EURUSD is further assured as it...
BTCUSD kicked off the week with a strong rally, currently trading around the $62,800 mark, reflecting a 2.20% recovery for the day as of this writing. BTCUSD has successfully forged a new price breakout, yet it still faces hurdles beneath the $63,200 resistance level. A slight adjustment might be on the horizon to solidify its recovery before BTCUSD can confirm...
Hello dear friends, let's explore the trends in gold prices for the upcoming week! Currently, gold is undergoing a correction phase after a strong price increase over the last weekend, with the metal trading around $2,358 in the early trading hours of Monday and experiencing a slight decline of 0.11% on the day. This adjustment is unfolding as anticipated within...
Hello summary traders! What do you think about XAUUSD's next trend? In terms of macro data: No macro data changed last night. The market will focus heavily on tomorrow's CPI data but first, this evening will release PPI data and then the speech of chairman J.Powell. With PPI data, I mainly pay attention to PPI m/m data and also need to determine that price...
For the first time coming out of a multi-year high, so, for the first time since April 2021, Bitcoin moved and closed weekly below EMA10. 👉 Bitcoin is now officially trading within bearish territory. This signal can be interpreted as the start of a short-term bearish wave. If the wave will be long or short in duration we cannot tell at this point; assuming our...