Still, the market is completely controlled by geopolitical tensions. depending on our analysis, the price fell and hit our target. Generally, the direction is a downtrend Uptrend Side: The price must rise above 19,820, and particularly surpass 19,990, to confirm the activation of the bullish trend. Downtrend Side: The bearish trend remains strong, pushing...
My dear friends, GBPUSD looks like it will make a good move, and here are the details: The market is trading on 1.3115 pivot level. Bias - Bullish Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market. Goal - 1.3215 Recommended Stop Loss - 1.3057 About Used...
Observing the chart, we can see that the price entered the wedge and then immediately started to fall from the resistance line to the support line. After that, the price recovered and rose strongly to the wedge resistance line and then immediately corrected. Next, the euro continued to rise and soon reached the 1.1030 support level, but immediately corrected the...
Gold is still in a double top pattern in the 4-hour chart. Yesterday, gold rebounded at 2663, a high point in the US market, and then fell back under pressure. There was no effective breakthrough, which means that 2663 constituted a short-term resistance. Gold below 2663 in the early trading was an opportunity to go short at highs. If there is no support for gold...
WTI oil (XTI/USD) is falling towards the pivot which has been identified as an overlap support and could bounce to the 1st resistance level which acts as a pullback resistance. Pivot: 69.90 1st Support: 67.81 1st Resistance: 73.04
As we said earlier #BTC performed the same. More than 8.65% done move done in #BTC. Now we can see that there is a formation of Descending Broadening Wedge Pattern in #BTC and we can see a more retest before a pullback. Current Price -- $60760 Target Price -- $66000 What to do? - We have marked crucial levels in the chart . We can trade according to the...
We believe that GBPJPY will continue to the upside after coming down to our PBA (Pull Back Area). Our entry is sitting at the pullback area at 190.402. We are looking for breaks of 193.289 and 195.862 which would confirm our target 197.500 where our TP is sitting at. Our SL is sitting at 188.127 and if broken, it would result in deeper pullbacks which would not be...
Bitcoin may remain range bound for an extended period of time. As expected, whenever someone suggests something other than Bitcoin going up, critics are quick to respond. However, Bitcoin has since broken below its local support and dropped to the 60k level. Going forward, I expect the decline to continue and BTC/USD could drop below 60k. Currently, the 63k area...