Trading Recommendations Gold faced some negative pressure at the start of the week, testing the support line of its ascending channel. Today, providing additional strength to prevent a deeper correction. It is worth noting that the fundamental analysis indicates positive momentum, suggesting that there is potential for further upside in the near term. Given the...
Gold faced some negative pressure at the start of the week, testing the support line of its ascending channel. Today, providing additional strength to prevent a deeper correction. It is worth noting that the fundamental analysis indicates positive momentum, suggesting that there is potential for further upside in the near term. Given the current technical setup,...
Its launch will be objective according to the strategy and we will decide that it is about to start the trend formation phase, Analysis with some possibilities in describing the trend; So: The price may draw new borders for it between (support and resistance) from bottom to top And it will remain in the shadow of respecting the maximum borders (of support and...
Explains how price interacts with Fibonacci areas and identifies potential price levels and trend directions.
—— We look from another strategic perspective at different aspects of (development) of technical analysis, and the practical search for progress; So what is useful!!! We may touch on the (Fibonacci) tool and its definition in drawing the price trend, where the price chose the boundaries of the Fibonacci areas, where the first test was in the (0.80) degree...
Bitcoin cannot establish a new trend, and maintains a sideways trend. The rise may be the most likely outcome in the end. According to the support and resistance strategy, this $93,000 price area is a support area and has more than one price bounce, According to the support and resistance strategy, this $100,000 price area is a resistance area and has more than...
, we can describe the current movement as forming a consolidation or forming a sideways channel. This is an indication of the stability of the market and perhaps entering a period of accumulation before continuing the previous main trend (bullish or bearish) Indicates a buy The price is at the beginning of the trend stability, as it recovers and searches for the...
Update: Friday, December 20, 2024 There is a downtrend line in the form of resistance!!! We are monitoring the expected movement of the current price. The price may encounter resistance and continue the downward movement. If the downward sloping line is broken, and passes through the support level, the rise may be confirmed and the rise has begun. There are...
Update: Friday, December 20, 2024 There is a downtrend line in the form of resistance!!! We are monitoring the expected movement of the current price. The price may encounter resistance and continue the downward movement. If the downward sloping line is broken, and passes through the support level, the rise may be confirmed and the rise has begun. There are...
To follow the previous developments, the price is currently in a sideways trading range or in the absence of a clear trend. Since the price is approaching strong support at the 2600 and 2606 levels that appear repeatedly, if the price continues to respect these levels, the construction of the sideways trend structure of the gold market can be confirmed, which...
Hello, the price approaching the supply area may be less risky for (.acquisition) the price from other areas. Now will the price move in the upward direction be recorded and made progress !!! Areas 2666 and 2656 may be considered important areas in maintaining calm and reviewing the important re-ignorance of the price again. After that, we will most likely open...
Hi I have updated the price action from the daily chart time. And this was the case for the price in its penetration of the curve line, and the closing of the candle from the daily time, above the curve line, thus proving the ascending line, its solidity and strength in resisting the decline. As for the expectations. Coming to the integration trend, from...
Non-slip resistance in a downtrend, and the method of restoring the upward path, by forming the price channel, there are two types in the uptrend, 15 minutes and 4h, there are multiple possibilities in forming a price movement (to touch the resistance and penetrate the resistance), it is considered the last resistance process in which the price went down and fell,...
Signing the price move next week? In order to choose a trend... we think that Japan will help the weak currency...
Euro is struggling to climb, chart it’s on the uptrend consistency following the rule system…..
EURUSD with resistance breakout and back to support test, the likely trend is to break the bullish channel, and the trend to test resistance....