ChartStrategist

ChartStrategist

Silver has risen by 3.90% in just over a day. I anticipate a reaction around the 30.7399–30.8383 zone due to multiple confluences, including a reversal point, a 4-hour order block, the 0.618 Fibonacci level, an ascending trendline from November 13th, and structural factors. This area presents a potential sell opportunity, with a target drop to the 30.2753...

ChartStrategist

Bitcoin is currently experiencing a pullback, having dropped 2,000 pips over the past seven days. Several key factors are converging around the $60,000 level, making it a critical area of interest. These factors include the psychological round number of $60,000, previous market structure, the 0.5 Fibonacci retracement level, and the presence of both an upward and...

ChartStrategist

The NZD/JPY currency pair is currently experiencing a healthy pullback following a significant decline of 1600 pips over the past 26 days. My key area of interest is around the 89.950 level due to several converging factors. These include a rejection point at 89.948, an ascending trendline originating from August 2023, the 0.786 level on the daily Bearish...

ChartStrategist

XRP Had a very bearish decline as bitcoin dropped loads

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The AUD/USD pair has reached my Point of Interest (POI) and is showing a strong rejection, indicating a potential bullish swing. Gold has found support and is expected to rise, while the US Dollar has encountered resistance and is likely to begin a bearish trend. 1Hr TimeFrame 4Hr Timeframe

ChartStrategist Updated 

GBPNZD Has been bullish for 28 days without any type of healthy pullback, we know what happens next. there are multiple strong confluences around 2.14794 - 2.14936 Confluences has moved 867 pips in 24 days has found resistance. Has been bullish for 28 days is currently struggling to close above 2.1483. There is a Trendline from march 2020 which it is currently...

ChartStrategist Updated 

The NZD/JPY pair has fallen by 920 pips over the past 15 days. Such a significant and sustained decline is unlikely to continue indefinitely without a corrective pullback. Currently, the price has halted its downward momentum and is beginning to reverse near my key area of interest. Key Confluences: The pair is rebounding off a descending trend line that has...

ChartStrategist Updated 

Gold is presently experiencing a bearish trend, characterized by a pattern of lower highs and lower lows since peaking at 2484.14. I anticipate that gold will encounter resistance at the temporary rejection level before declining further. Subsequently, I expect it to rebound and ascend to my target area, which is approximately between 2400 and...

ChartStrategist

DXY None Farm Payroll outcome from 13:30 today U.S PRIVATE NONFARM PAYROLLS (JUL) ACTUAL: 97K VS 136K PREVIOUS; EST 148K U.S PARTICIPATION RATE (JUL) ACTUAL: 62.7% VS 62.6% PREVIOUS U.S MANUFACTURING PAYROLLS (JUL) ACTUAL: 1K VS -8K PREVIOUS; EST -1K U.S AVERAGE WEEKLY HOURS (JUL) ACTUAL: 34.2 VS 34.3 PREVIOUS; EST 34.3 U.S GOVERNMENT PAYROLLS (JUL) ACTUAL:...

ChartStrategist

US Dollar index has broken the range and now is retesting and currently rejecting. 1 Hr Timeframe Dollar Index 4HR Timeframe Dollar Index Gold 30 minute Timeframe Gold has rejected off 2,393.72 level I am expecting go to start to move higher and the Dollar index to move lower.

ChartStrategist Updated 

Gold has declined by 600 pips. I anticipate that the price will stabilize and begin to rebound from my Point of Interest (POl). It is natural for the market to experience a healthy pullback after such a significant

ChartStrategist

The JPY Basket is now rejecting off my point of interest (POI) after a bullish run lasting seven days. If the price re-enters the bearish channel, it will confirm a false breakout. Once the JPY Basket closes back within the channel, it is expected to resume its bearish trend and potentially reach a new low.

ChartStrategist

Kepp Trading Simple AUDUSD is currently pulling back after reaching the -0.27 Fibonacci target. We have multiple strong confluences around the 0.67021 - 0.66929 range. Additionally, there is a descending trend line from May and an ascending trend line from early June converging in this area. I will be looking for the price to stabilize and start to reject at this point.

ChartStrategist

Bitcoin is currently experiencing a pullback after a bullish run lasting nine days. The next strong support zone is between $61,379 and $60,298. I anticipate Bitcoin will fall to this point of interest (POI), where we should see a reaction. There are multiple confluences suggesting a long setup, one of which is Bitcoin trading above the 200-day EMA, an important...

ChartStrategist Updated 

Currently, Bitcoin is facing Support around my key level of $54,600, which coincides with the 0.5 Fibonacci level. Once Bitcoin closes above the 200-day moving average, it is expected to gain momentum and rise towards the top of the channel. After breaking through the channel, Bitcoin is likely to continue climbing, then experience a pullback, before ultimately...

ChartStrategist

The Dow Jones has exhibited a bearish trend for the past nine days, following a break from its bullish channel. Historically, during its last two bullish channel periods, the index experienced a bearish phase lasting 7 to 8 days before finding support and moving higher. I anticipate a similar pattern this time, expecting the index to reach one of my areas of...

ChartStrategist

Following today's news, the JPY Basket has surged dramatically. I anticipate a decline when it reaches my target level of 5,788, where multiple factors suggest a potential reversal. Upon reaching this key area, I will be closely monitoring EUR/USD and GBP/USD for further developments.

ChartStrategist

Bitcoin has maintained a bullish trend for 84 consecutive days, displaying an 80% increase. Anticipate a response in the range of 46650 - 47350, followed by an expected pullback of approximately 30%. Various indicators, including the descending trendline, ascending trendline, reversal point, overbought conditions on RSI, and structural considerations, suggest that...