ekesam

ekesam

The EUR/USD pair is facing challenges in capitalizing on the slight rebound from the level of 1.07566 observed the previous day. Despite remaining below the 1.0800 threshold as the European session approaches, there is a lack of sustained selling pressure. Traders are eagerly anticipating the release of the highly anticipated US monthly employment data. As the...

ekesam

We can observe that the USD/JPY pair has been on a bullish trend since January, reaching a retest of a 33-year high at 152.073 this month. There has been a moderate pullback to the supply zone, trendline and the EMA200. The current scenario presents possibilities for both a downside break and an upside push, with the potential to surpass the 152.073 level. The...

ekesam

Analyzing the chart provided, it is evident that there was a break of the trendline earlier this month, followed by a reversal of the trend upwards. Currently, there has been a break of the supply zone and the 0.5 Fibonacci level, after which the price is undergoing a retest of the same level. The Moving Average Convergence/Divergence (MACD) divergence before the...

ekesam

As both institutional and retail traders await the OPEC + Meeting later today, we see technically the chart pattern and indicates an inverse head and shoulder and market is expected to break trendline and continue in the upward trend

ekesam

As both institutional and retail traders await the OPEC + Meeting later today, we see technically the chart pattern and indicates an inverse head and shoulder and market is expected to break trendline and continue in the upward trend

ekesam

From the technical viewpoint, we see a breakout and retest of the zone at 108.50. The retest is exactly at 50% fibo level. Fundamentally, there are news expected this week from German inflation and the ECB President's speech. All these are expected to be positive from our analysis which means we expect EURO index to keep pushing high

ekesam

USD has been weak for November, following the fundamentals that have played out and the ones that are yet to play. From the Technical analysis, DXY broke below a support zone and 50% fibo retracement level of 103.370, and also retested it this morning. We are expecting a push to the down side

ekesam

The market moves in two phases; Impulse and Correction. Impulse is composed of a strong bullish or bearish momentum while Correction is composed of a sideways move, which is always a serious consolidation. Trades are taken at the break of the correction

ekesam

We can see an Impulse, correction and next? The market has pushed impulse over time and consolidated for months, so what's next for Ethereum.

ekesam

Which way for ripple? Fundamentals: Is the Ripple law suit settlement with the SEC possibly going to impact on the price of XRP?

ekesam

Technical: Market has created a perfect head and shoulder with a neckline around 1.36558 serving as a support level to the current uptrend. A break out of 1.36558 is expected in the coming days. If it happens, market is expected to fall to 1.31544. Fundamental: Some Headlines to consider while making trade decisions. --Canada's inflation cools in October with a...

ekesam

What to expect? Pure Technical analysis: On the 23rd of October 2023, we saw bitcoin broke the $32k level which has serve as a resistance over time. Consequently in the past (Jan 2021, Jul 2021 and Jun 2022) we've seen price respect the $32k level as both support and resistance. Having broken said level, we expect price to continue the upward trend, but that...

ekesam

Technical: From the technical analysis on the chart (Market structure and Price action) We understand that the market broke a trend line and retested a zone/support level of 1.23812 on a daily time frame thereby creating a doji and a shaven head candle stick pattern on the 16th and 17th of November respectively. The appearance of such candle stick has an upward...

ekesam

Understanding that AUDJPY has broken the recent high that was equaled on the some time in June and September. Looking at the fundamentals the AUD/JPY is an interesting pair for its relation to risk. The pair is among one of the correlated pairs to price action in US equities on a short to medium term basis. The pair generally tends to rise in a low risk...