Hey Everyone, A PIPTASTIC finish to the week with true level to level break and confirmation trading. Yesterday we stated that the first level of the swing range was hit with just short of the second level. We also stated that if we see price hold above 2302 then 2316 will be tested and failure to break above 2016 will see the full swing range tested, as that...
Gold prices today (May 3), the international market turned down sharply after the US announced more information about the number of first-time unemployment benefit applications being quite positive. The OECD has raised its forecast for the global economy to grow by 3.1% this year, so investors have strongly sold gold. Yesterday, the US economy released more...
The Japanese Yen continues to find support from government intervention in speculation activities. Additionally, selling USD post-FOMC has emerged as another factor weighing down the USD/JPY pair. Investors are now eagerly awaiting the crucial U.S. NFP report, expected to be released later today, which could provide fresh directional momentum. From a technical...
Tesla is the 7th worst performer YTD in the Nasdaq-100. It is the 11th worst performer in the S&P 500. The stock stands 28% lower. Still, after reaching its lowest level on 22/April, the stock has rallied a remarkable 30%. On 24/April, the stock rallied 12% after the positive earnings call. On 29/April, the stock jumped another 15% after the announcement of the...
BINANCE:BTCUSD is not on the rise. Surprisingly to many, the price continues to decline even after the halving. The situation reminds vvot BTC-ETF, when before the growth, MM collected liquidity accumulated at the bottom. The trend is still strong and bullish. The price is in a sideways range and continues to collect liquidity. The range boundaries are 73500...
Hello Traders! Today, XRPUSDT continues its downward trajectory, approaching the resistance level but only as a corrective move to test the EMA 34 and 89. The price is expected to weaken further, potentially revisiting the low of $0.4193 once the current correction concludes, as indicated on the 1D analysis chart. What are your thoughts on XRPUSDT?
EUR/USD gained traction in the second half of the day on Thursday, maintaining its consolidation phase above 1.0700 into Friday as investors geared up for the highly impactful data release of the week, the April US employment report. Positive shifts in risk sentiment were observed, which exerted downward pressure on the US Dollar during Thursday's US trading...
In this analysis I want to elaborate further on my previous analysis where I talked about the daily RSI of BTC almost being oversold, which is historically a great time to buy during bullish long-term trends. As seen on the chart, I'm looking at both the RSI and the diagonal purple trendline. Ideally, the daily RSI will be lower than 30 and BTC will be trading...
Hello all traders! From the 4-hour chart, SOLUSDT has broken out of the bearish channel, which favors the rising bulls in the short term. Accordingly, maintaining at this high level and the technical support shows that the next wave of price increases is waiting. I am targeting 143.88. A break out of this level could test 159.47. And you? What is your goal?
Updating my analysis with some additions of some key levels to watch for as price makes it's way higher. I do think NASDAQ:NVDA is going to become more volatile over the coming few weeks as it works it's way to the top resistance levels. Even though price seems to be forming a H&S top, I'm not sure that we break down here. I think the most likely scenario is...
Clear break to the upside then a retest. I see a head and shoulder patter. Then a bullish Engulfing. I take my buy.
Hey Everyone, Please see update on our 1H chart idea playing out level to level and providing the bounce and swings inline with our plans to buy dips. We started the week with price playing between two weighted levels 2351 resistance and 2333 support. We got the support test at 2333, which followed with ema5 lock below 2333 opening the retracement range and a...
Gold prices did not skyrocket, holding steady around $2,300 amid trading pre US Non-Farm Payrolls (NFP) report. From a technical standpoint, on the daily chart, gold prices are still trading below the Simple Moving Average (SMA) 20 with no significant changes. Furthermore, longer-term moving averages maintain an upward slope but at a slower pace compared to...
The KOG REPORT – NFP This is our view for NFP, please do your own research and analysis to make an informed decision on the markets. It is not recommended you try to trade the event if you have less than 6 months trading experience and have a trusted risk strategy in place. The markets are extremely volatile, and these events can cause aggressive swings in...
Hello all dear traders! Gold prices struggle to gain any meaningful traction and trade within a tight channel near $2,300. The Fed is less hawkish outlook dragged the USD to a multi-week low and supported XAU/USD ahead of key US NFP data. In the current context, the possibility of price increase is possible but it is unlikely to last long as it approaches the...
Hello all traders! The GBP/USD pair is trading stronger, reaching around 1.2550, amid weakness in the US dollar on Friday. Traders are cautious, refraining from opening large positions as attention turns to the April Nonfarm Payrolls report and US ISM services PMI data. Technically, the pair is developing a "cup and handle" pattern in an uptrend (shown on the...
Hi everybody. The H4 setup shows strong resistance from the market with bears holding the price amid corrections and sell-offs. It stalled after a decline around the $57,718 mark reaching the price channel limit, with the current trend an upside is possible but unlikely to last long as it approaches the resistance level. In such a scenario, the technical down...
Bear flag showing here on spy and a few other indexes/ sector. This bear flag would be consider a handle for a inverted cup and handle. Smaller time frame looks like this spy And heres NQ We are headed back to bear flag support around 500.. from there we could either finish one more bounce higher 511-514 before finishing the leg down to 480 The bear...