ChartStrategist

ChartStrategist

EURUSD - Favorable Conditions for a Long Position The EURUSD pair is currently showing promise for a potential long trade, following a breakout from its previous trading range. The market sentiment has turned bullish. Meanwhile, the Dow Jones is displaying a bearish trend, coinciding with my area of interest. It's essential to consider the ongoing geopolitical...

ChartStrategist

The Dow Jones is now reacting off my area of interest I am now expecting the Dow Jones to start swing bearish Confluences -0.618 bearish fib -0.27 bullish fib Incline trendline Decline Trendline Rejection point London Session rejection candlesticks

ChartStrategist

Bitcoin experienced a sudden surge in value today due to erroneous reports of Blackrock's spot ETF approval. However, I anticipate a bearish trend for Bitcoin going forward. If Bitcoin's closing price falls below 28,100.79, it is likely to continue its downward trajectory. My focus is on identifying a selling opportunity in this scenario. I believe Bitcoin could...

ChartStrategist

USDCAD has recently broken free from a downward trendline that has been in place since October 2022. we are having a break and retest, I anticipate a shift towards a bullish direction in the coming two weeks. Several factors align to suggest potential buying opportunities, particularly noteworthy are the robust converging signals around the 1.36447 level.

ChartStrategist

It appears that EUR/USD may have reached a potential low point after being in a bearish trend for 80 days. Currently, it has closed above a recent swing level. I am patiently awaiting a breakout and subsequent retest of the channel before considering a move towards 1.07338. On the other hand, the DOW Jones is beginning to shift towards a bearish trend after 11.4...

ChartStrategist

Gold has experienced a decline of 6.8%, but it appears to have formed a stable foundation and is showing signs of rebounding from the -0.618 level, indicating several factors aligning for potential long positions. Additionally, with the US Dollar showing bearish movement, there's a likelihood that gold may transition into a bullish trend.

ChartStrategist

GBPJPY is at the bottom of a channel there is multiple confluences for GBPJPY to start moving higher. Confluences Bottom of channel -0.27 bearish Fib Reversal point London session 30m orderblock 0.786 bullish fib

ChartStrategist

The Dow Jones has recently breached a bearish flag pattern, leading me to anticipate a shift towards a bearish trend following nine consecutive weeks of bullish performance. There are several factors aligning to suggest that the Dow Jones may embark on a downward trajectory. Meanwhile, the outlook for gold appears favorable for long positions, signaling a...

ChartStrategist

Bitcoin bas multiple confluences to long from 25300 - 25450 area

ChartStrategist

The Dollar Index (DXY) is presently situated at the upper boundary of a trading channel, accompanied by several concurring factors that suggest potential selling opportunities. These include the possibility of encountering resistance near the range of 103.380 to 103.450, aligning with a notable rejection point. Furthermore, there is the presence of the -0.618...

ChartStrategist

I anticipate that gold will experience a healthy retracement following a bullish flag breakout. Starting from June 6th, the Dow Jones has been declining, but it has now discovered support and is responding positively from a -0.27 weekly Fibonacci target. In my observation, the Dow Jones appears poised to rise, while gold seems likely to begin a downward movement.

ChartStrategist

I anticipate an impending retracement for the Dow Jones index, as it has recently reached its target of 12,756. We should begin witnessing a decline from this point onwards. The Dow Jones index has recently established a new lower low, and I am awaiting a price break below 12,745, which would further confirm the bearish sentiment.

ChartStrategist

I am presently anticipating the possibility of gold surpassing the 1940 mark. Once it achieves this, gold's upward momentum is expected to intensify. Today at 1:30 PM, we have the CPI data, so let's observe the outcome. Gold has successfully broken out of a bullish flag pattern, and I predict a retracement to the flag's lower boundary, followed by a further...

ChartStrategist Updated 

Gold has multiple confluences to look for buys US dollar looks good to start moving down after a 20 hour rally

ChartStrategist

Within my area of interest, I have identified numerous converging factors that may prompt a reaction from the USDCAD. These confluences serve as potential buying opportunities that I will closely monitor. I am waiting for a nice candle rejection.

ChartStrategist Updated 

There are multiple strong confluences for gold to move higher from 1932.6 I am currently waiting for gold to double tap for an extra confluence to look for for a buy order.

ChartStrategist

Gold is currently situated near the lower boundary of an upward trend, suggesting its potential for a positive trajectory. An essential shakeout occurred to remove less confident investors, reinforcing the optimistic outlook. I predict that gold will achieve a new all-time high within the upcoming two months. Furthermore, gold responded by remaining above the...

ChartStrategist Updated 

Gold is currently shaking out the last of the weak hands. there are a lot of confluences for gold to start moving higher and create a new ATH "All Time High".