Canadian and US Employment Data: A Comparative Analysis Today, two of the world's major economies are scheduled to release their employment data. Bank of Canada is expected to report a Net Change in Employment for January at 25,000, down from 90,900 in the previous month. Meanwhile, the US will release the Nonfarm Payrolls (NFP) data for January, with...
GOLD: GOLD Ahead of NFP Data! Caution Advised Today, we must be careful with GOLD as we await the Nonfarm Payrolls (NFP) report. This report is crucial because it provides insights into potential future decisions by the Federal Reserve (FED). The market expects NFP data to come in around 170,000, down from 256,000 in the previous month. Scenarios: ...
NZDJPY: Potential Double Bottom Pattern NZDJPY has encountered a significant support zone near 85.60, indicating the possibility of a double bottom pattern. The last two days' candlestick formations suggest a strong battle between buyers and sellers within this zone. However, this movement implies that NZDJPY might be poised for further upward...
Solana May Bounce from 176 Based on past analysis, Solana has bounced twice from the blue zone near 176, which corresponds to a very strong support zone on the daily chart. Historically, this same zone acted as a strong resistance. Given this support level's significance, it is likely that the price may rise again from this zone, as illustrated in the...
EURGBP - Anticipating the BOE Decision A few days ago, I posted an analysis on EURGBP, highlighting a strong support zone. Today, we are looking at one of the most significant events of the week: the Bank of England's (BOE) interest rate decision. The BOE is expected to cut rates by 25 basis points, bringing them down to 4.50%. Currently, the market is reacting...
GBPAUD: Bearish Harmonic Pattern Signals Potential Downtrend Starting from mid-December 2024, the price completed a bearish harmonic pattern and immediately initiated a bearish trend. The top of the pattern was reached near 2.0300, followed by a bearish wave of approximately 700 pips, bringing the lowest price near 1.9600. Currently, GBPAUD has undergone an...
EUR/GBP Testing a Key Support Zone with Possible Retest of 0.8400 EUR/GBP is currently testing a key support zone, and a retest of 0.8400 is possible. The pair previously tested a strong resistance zone near 0.8300 and bounced back up. This area has been tested multiple times in the past, demonstrating the presence of well-positioned buyers who are reluctant...
Gold: Potential Reversal Zone - Selling Carries High Risk From our yesterday's analysis, GOLD moved only up. Overall it was without any strong reason and it has days that continue to perform in this way. Given that the current situation is not like 2 or 3 months ago in the Middle East and across all countries this strength is just strange. All websites are...
USDCAD Range Trading: Key Support and Resistance Levels In the daily chart, USDCAD is developing a large range trading pattern, where the price has been oscillating within this range for the past 50 days. The current support zone has been tested multiple times, leading to subsequent upward movements. Despite recent price weakness, it is possible that the...
US500 Faces Strong Resistance Near 6040 The US500 has encountered a strong resistance zone near 6040. While fears related to President Trump's decisions have temporarily subsided, it remains evident that any further steps he takes could significantly impact the stock market. For the time being US500 found a strong resistance zone near 6040 and it can move...
Shiba Inu announced a partnership with the UAE's government Yesterday, Shiba Inu announced a partnership with the UAE's government to drive digital transformation across energy and infrastructure. The partnership marks the first time a world government is integrating blockchain at a federal level, claims the Shiba Inu team. Despite prevailing market...
Gold: Bullish Momentum Remains, But Caution is Advised The bullish momentum for gold remains intact, but we must exercise caution. In the gold analysis I explained yesterday, we can see that gold has already reached two of our targets: 2830 and 2836. The 2830 level was reached twice. The price is currently testing a very strong zone near 2836 - 2844, which also...
USD/CHF Opens with Bullish Gap Amidst New Tariffs Earlier today, USD/CHF opened with a bullish gap, indicating strong bullish momentum driven by new tax reforms imposed by President Trump on Canada, Mexico, and China. However, these three countries are expected to take further steps in this ongoing economic conflict. The market has likely absorbed the news, and...
Gold's Bullish Outlook Amidst Market Uncertainty Gold currently shows a bullish outlook, but caution is advised given the current market conditions. President Trump's decisions have been causing fluctuations in gold prices, but the overall market remains unclear. Market participants believe that the current situation may accelerate further as long as gold...
BTC: Crypto Market Faces Major Crash Amidst USD Strength During the night, the entire cryptocurrency market experienced a significant crash, driven by the strengthening US Dollar (USD). The new tariffs imposed by President Trump on Canada, Mexico, and China have bolstered the USD, leading to aggressive movements across all markets. Bitcoin (BTC) has completed a...
EUR/USD: Top-Down Analysis In this video, I've prepared a comprehensive top-down analysis for EUR/USD, along with fundamental insights that may impact the USD in the near term. Technical Analysis: From a technical standpoint, EUR/USD has completed a five-wave upward movement and is currently undergoing an ABC wave correction. I'm closely monitoring for a...
XRP in Overbought Conditions: Just Be Careful XRP is nearing the completion of a bearish harmonic pattern. I am sharing this analysis as a warning that it could potentially move down from this zone. It's a very risky assumption because the entire crypto market is focused on the Trump Inauguration. However, considering this pattern, we cannot ignore it, at least...
SOL: Multi Time Frame Analysis Indicates Potential Bearish Trend In the 4-hour chart, SOL tested a strong zone near 244. Currently, the price is still moving within a large range trading zone, increasing the chances of another downward movement. If the 244 level prevents the price from rising further, it should move down in the short term to around 224. A break...