Wednesday’s US CPI report showed a moderation in price pressures in April, following months of persistence, with headline inflation easing to 3.4% y/y and core to 3.6% y/y. Along with the miss in retail sales, markets strengthened their pricing for two rate cuts this year by the Fed, staring in September. The greenback fell as a result, sending EURUSD to the...
Copper prices have rallied more than 20% this year as the market is tightening, moving above 4.800 for the first time in more than two years. Improving supply-demand dynamics can drive further gains, with the March 2022 record peak now in the spotlight (5.041). Concerns around output are high, as key miners expect lower production this year. At the same time,...
On the daily chart, TAP was on a good trend up heading into earnings which were favorable. It is consolidated since just after earnings in a " high tight bull flag pattern" Volume has been healthy with many buyers and seller trading shares in a tight range channel. The stochastic RSI is now at about 20% indicating TAP is in the oversold / undervalued area. The...
Prices rally around 15% this month and break another threshold, hitting the highest levels in two years. The advance brings the record peak of 2022 in the spotlight (5.041) and given the improved supply-demand dynamics, that level looks within reach. There is optimism around increased need for the non-ferrous metal due to the green energy transition and the...
RSI Strategy with EMA and VWMA Conditions Objective This trading strategy leverages the Relative Strength Index (RSI) in combination with the Exponential Moving Average (EMA) and the Volume Weighted Moving Average (VWMA) to identify potential buy and sell signals for trading cryptocurrencies on the Cryptohopper platform. How it works: Buy Signal: A buy signal...
AUD/USD rises today as inflation data from Australia came in higher than anticipated. March CPI accelerated for the first the first time in months (+3.5% y/y), Q1 rose 1% q/q (from +0.6% prior) and on a yearly basis it came in at 3.6%, which was above forecast. The Reserve Bank of Australia has refrained from raising rates for the past three meetings and has...
AUDCHF's recent trend exhibits bullish behavior with prices achieving higher highs above the R1 monthly pivot, suggesting strength. However, beneath the surface, signs of caution emerge. The Commodity Channel Index (CCI) displays lower highs, creating a bearish divergence against the price's higher highs. This divergence hints at weakening upward momentum,...
NZD/USD reacted positively as the RBNZ kept rates again at 5.5%, appeared a little more worried about inflation than the last time and said it is necessary to maintain a restrictive stance to reduce price pressures. The move above the EMA200 gives it the opportunity to take out the 38.2% Fibonacci, but does not yet inspire confidence for further gains that would...
- Trade Strategy: Bearish Deep Gartley - Timeframe: 4-hourly chart Analysis: - Importance: Emphasizes the need for confirmation before entering a trade Trade Plan: - Entry Condition: Wait for candlestick confirmation - Confirmation Sign: Look for a Magic Candle indicating a qualifying trading setup - Engagement: Engage the trade only upon confirmation ...
hellow fellows, ankr will go to 0.09$ very soon. please understand Rsi: last time we saw big uprise, the Rsi was up, but still continue in that position for at least one month. according to that, we are up now in the Rsi, but we will continue growing up until lets say 0.15$>
NASDAQ:TLRY is approaching a resistance range and is at the top of a W pattern. It's rsi is also overbought above the 70 level. Volume is also trending upwards and has reached the level where the previous volume high (and price trend reversal) was. The trading opportunity is around the 3 scenarios shown in the chart, with, due to the technical indicators...
🔍In the weekly timeframe, BAT has broken its trend line, with the trigger at 0.3159 confirming the breakout convincingly. The notable volume surge since early February 2024 suggests increasing interest from market whales and participants, likely indicating significant buy-side activity. ✅Additionally, the presence of a curvature line suggests a diminishing...
This analysis examines the recent breakout of Shiba Inu (SHIB) and assesses its potential for further upward movement. Previous Analysis Validation:🫶🏻💪🏻 The previous analysis successfully predicted the price reaching the anticipated weekly resistance level. Breakout Confirmation:📊📈 The recent breakout above the weekly resistance level confirms the bullish trend...
🔍DYDX is finally breaking out of its consolidation range after 672 days. The price is currently trading above the supply zone and is supported by a well-defined curve. This could be the start of a parabolic move. ✅The fixed range volume profile indicator shows that we have broken out of the high-volume zone and are ready to start moving. The SMA25 indicator is...
🔍Cardano (ADA) has broken above its previous resistance level and formed a higher high on the weekly timeframe. The coin has also successfully broken through the supply zone at $0.6 and activated a rounding bottom pattern. 🛒Currently, ADA is in a good position for a long trade. However, if you want to be more conservative, you can wait for a pullback to the $0.65...
📈✅Bitcoin is the largest cryptocurrency by market capitalization. It has been on a bullish trend since the beginning of the year. 🔍Bitcoin has broken out of the primary resistance at $30,750 and has started a new primary trend. The price is currently in a very important supply zone near the ATH and we can expect a correction or pullback. 🚀The ascending channel...
My recent idea of a rising wedge bearish continuation pattern may be invalidated at this point because of ETH's pop up the 3k (unless i'm willing to accept the blemish of a large fakeout breakout). However, it still remains that things are looking overheated on multiple time-frames (w.r.t regular candles). Moreover, volume has been decreasing throughout this...
The road to a new ATH or a drop back within its Upwards Channel? Interesting times. 4hr chart