EUR GBP and the pound looks to have the upper hand. It's at a double bottom and not much beneath.
A lot of people were long on gold and silver on thursday and I think that it was planned to keep the price selley today to take out stops. Anyway, XAGUSD is down 1.75% and about 31.38 now. I think the price will move swiftly back up if buyers are there. Join the friday afternoon free silver train long and get paid to do nothing.
I must declare Tron is one of my biggest holdings, I don't tend to hold onto currency's for very long because you forever get whipsawed around with the changes to the USD, and no matter how good your original setup was, quite often in trading when you see that nice 500 or 1000 green profit, it's best to take it off the table. This is what happened with the...
My understanding is that BTCUSD has already broken the breakout top-line of the weekly cup, it was a price at about 73,750. I could be wrong, but approximately correct. This means BTCUSD has broken out already. This weekly chart of bitcoin contains the famous weekly head n shoulders pattern that first started forming back in 2021 or was it 2022? Either year is...
I put out a buy on this pair a week or 2 ago, GBPUSD, a lot can happen in this amount of time, last time I called a Long-trade on this pair & the same this time. GBPUSD is moving up towards a neckline breakout on a Double-bottom system intraday. But the real glossy confluence I see is the Daily chart and bullish RSI divergence. In recent days the RSI on the...
I bought into this one recently but it was weighing heavily since the purchase in terms of price not quite breaking-out enough, but that all changed today as Cardano moves out of its squeeze and into climbing and rallying mode. Earlier in 2024 it entered a Supply-downtrend but in recent months buying entered into Cardano and the charts stated to expand with...
Bitcoin is making a sluggish return to the long-side in trading today, so DogeUsd is following suit. But Bitcoins next leg-up is dependant on a Top2 system 'taking' and a BTCUSD move above price 76,522 should ensure Bitcoins next bullish move but also DogeUsd. My other pick at the moment is Cardona, ADAUSD which I picked Long at 0.33 & is now at nearly 0.39,...
So there was a retest attempt to the March 24 high crossing of BTCUSD but the itch was to the long-side. This looks certain to break through 76,522 for a second time and this will probably mean a huge jump in price for Bitcoin and other Crypto.
This is the Daily chart of AUDUSD. It's up well over 1% today. It looks to have strength continuing to the upside due to a change in momentum favouring the Aussie. You can see in the chart of daily how the 200ema has turned in favour of the Aussie. I would be looking for a pullback to this 200ema which is about 0.6652 to 0.6655 to offer a wider zone of...
As I mentioned for Gold price and Silver, although overextended a bit in price still, I am seeing momentum swinging back for the bulls and on the important bigger timeframes like 4hr and daily. This chart is a recent Fibs pullback. Check it out below.
It was a good correction for Gold and Silver, right? But I can't see either moving down today in trading or tomorrow. Has a new downtrend been confirmed by price-action. Intraday charts look bullish to me, for a big day in gold and silver
Gold and Silver had a healthy downwards correction from what I understand. A few nervous Gold-holders after Donald Trump's re-election. But there is much more to the story for gold prices to go higher. I see the intraday charts looking bullish for silver and gold today, as momentum is shifting back to the upside. Wait and see what the Economic News tells...
Bitcoin BTCUSD took a normal day of retracement in earlier trading (Asian & Europe Session), but it's recently made a move upwards, which prompted me to check the intraday charts and it looks like the climb will continue today. Mainly on momentum the past couple of days and of course there is that break of the March high, which reminds the pullback earlier...
Bitcoin has absolutely exploded with upside movement during the last couple of sessions, even yesterday during New York trading, Cryptocurrency had a smashing day and I did not even have to look at the charts to understand that Bitcoin BTCUSD was on its way to take the March High. Well if you don't own any Cryptocurrency, for educational purposes only, it's...
Gold and Silver are a buy. Momentum to the downside appears to be wavering, slowing and this momentum is returning to the upside on intraday and daily timeframes. There is even a current head n shoulders system on the 15m which is bullish.
A bigger correction in the Gold and Silver price this week. I firmly believe this shakeout is less and less now. Momentum is returning to the upside IMO.
Some of the biggest daily Cryptocurrency gains today as BTCUSD chases the breakout-zone and now sits within striking range. BTCUSD is still part of a 3 x Top system on monthly, weekly and daily charts. Right now it seems be retracing down in price but I don't think it will move down much further as its immediate and intermediate Gig is to breakout past 75,000...
This is a Cryptocurrency ADAUSD has been sent downwards in its price this year like most other Crypto's, lately trying to stage its turnaround, I think it will happen real soon as Bitcoin is set to move much higher anytime soon, very soon now I think and Crypto is very bullish today across the board, many things up 5% already. This would represent a massive...