- The 1hour ascending triangle chart pattern for NVIDIA indicates an upward trend. - An uptrendline from $889.38 rejected the price at $917.77 after retracing from $958.58, which currently serves as resistance. - The price continued upward after the rejection and is now around $953.77. - If the uptrendline rejection holds, the price is likely to rise to the...
- Technical analysis of the 1hour symmetrical triangle chart pattern for BTCUSD indicates a loss of momentum in both the downtrend and uptrend movements, suggesting a higher probability of a new trend emerging. - An uptrendline drawn from $66,758.35 rejected the price at $69,101.30 after retracing from $71,972.43, with the current price around $69,973.02. - A...
- Technical analysis of the 1hour symmetrical triangle chart pattern for EURUSD indicates both the downtrend and uptrend are losing momentum, suggesting a high probability of a new trend emerging. - An uptrendline from 1.07659 rejected the exchange rate at 1.08427 after retracing from 1.08951, and then continued upward to the current exchange rate of 1.08574. -...
- The symmetrical triangle chart pattern for XAUUSD shows both the downtrendline and uptrend losing momentum, indicating a high likelihood of a new trend emerging. - An uptrendline drawn from $2351.05 rejected the price at $2375.16 after a retracement from $2394.03, continuing the uptrend to $2450.43 before retracing to the current price of $2419.54. - A...
- Using the 15-minute chart for CADJPY, the exchange rate has been ranging between 114.825 (resistance) and 114.191 (support). - The current exchange rate is around 114.400, following a rejection at the support level. - If the support level holds, there is a high probability that the exchange rate will move up towards the resistance. - If the resistance level...
Analyzing the symmetrical triangle chart pattern of NYSE:LOW , it's evident that both uptrend and downtrend movements are losing momentum, suggesting the potential formation of a new trend in the near future, with the current price hovering around $229.17. If the downtrendline, which originated from $263.15 and rejected the price at $238.15 before descending to...
- On the daily Ethereum chart , a downtrend has been evident since March 13, 2024. - A downtrendline from $483.91 rejected the price at $3728.48 after a retracement from $3053.92. - The downtrend continued to $2807.28 before reversing and breaking the downtrendline to the upside on May 20, 2024. - The price closed at $3498.93 and is currently around...
U.S. indices could correct today after the reversal to the upside yesterday. Currently in intraday consolidation. Opportunity on NASDAQ in this chart using the Fibo tool. 17,620 USD must break first, signalling a drop. __________________________ Information Regarding Important News and Figures can be found here in our Economic Calendar:...
The index moved to the downside rapidly since the 22nd March and a consolidation phase took place for while. It is possible that the index will retrace to 61.8 fibo level. __________________________ Information Regarding Important News and Figures can be found here in our Economic Calendar: mau.bdswiss.com/economic-calenda... Risk Warning: Trading in CFDs is...
Eyes on Crude oil / USOIL. this reversal that shows a rapid downward movement boosts the probability of a retracement taking place today. The target level should be near 81.15 USD/b (61.8 Fibo). Alternative scenario would be that the price breaks the support leading to the next support at 80 USD/b.
The dollar showed unusual strength after the FOMC event causing Gold to wipe out the gains since the FOMC news. Since the 21st of March Gold moved below the 30-period MA and remained on a downtrend until the 25th of March where it settled near the mean at 2170 USD/oz. Now it shows signals of a potential upward movement, breaking an apparent triangle formation...
Crude oil is that it fell rapidly from the 8th March peak 79.5 to 76.85 USD/b. Considering that deviations from means are roughly 10 USD currently the retracement about that amount to the 61.8 Fibo level is quite probable. Now, the fundamentals: Demand from China looks to be lagging causing the dive, however supplies have remained on the tighter side given...
Gold experienced quite unusual high volatility and movement to the upside. The question is, will the resistance 2088 USD/oz hold this week, causing the price to drop? The retracement as depicted is a possibility. Even more if the 2080 USD/oz level is breached. __________________________ Information Regarding Important News and Figures can be found here in our...
On the 23rd Feb, the price moved below the MA and dropped heavily, reaching the support near 76 USD/b. Retracement is possible as depicted on the chart. Will the support hold? The alternative scenario which is less probable, could cause the price to drop to 75.5 USD/b. __________________________ Information Regarding Important News and Figures can be found here...
It has been a crazy day yesterday 22nd Feb. All indices including the NAS100 surged after strong earnings reports that boosted confidence and a risk-on mood for the high-tech stocks such as Nvidia. Is this the end of the upward and rapid movement? We use the Fibo retracement levels to find the 61.8% that the market potentially will retrace to, as indicated by...
NAS100 has experienced an unusual drop yesterday having a different path than the other U.S. Indices as specific stocks had plunged amid the quarterly earnings reports. This rapid drop and reversal from the upside creates an opportunity for retracement to occur. The arrow shows how the price could start a path upwards, with the price returning back to the...
U.S. Indices experienced a rapid movement upwards late yesterday. Retracement today is happening, the question is if it is going to return to the 61.8 Fibo level as depicted by the arrow. __________________________ Information Regarding Important News and Figures can be found here in our Economic Calendar: mau.bdswiss.com/economic-calenda... Risk Warning:...
It looks like Crude oil experienced a sharp drop lately followed by a strong reversal. This creates an opportunity for trading the retracement that will probably happen if the resistance proves to be strong enough. __________________________ Information Regarding Important News and Figures can be found here in our Economic Calendar:...