Starbucks: A Bearish Outlook Starbucks completed a five-wave pattern at 103, with the price moving down clearly. A large Rising Wedge pattern represents the fifth wave of the movement that began on May 2024 and finished at the end of November 2024 Currently, the price has broken through the support line of the pattern, indicating further decline. After any...
EURNZD Developing in a Large Range Trading Movement EURNZD is currently developing a significant range trading movement. The price has been oscillating between 1.7500 and 1.8500 for about 600 days, with a trading range of nearly 1000 pips, which is quite substantial. EURNZD has reached the top of the structure again, and it appears that the bearish trend may...
CADJPY Expected to Rise as BOJ Doesn't Support JPY Yesterday, the Bank of Japan (BOJ) decided to keep the interest rate unchanged at its latest meeting, showing hesitation about future rate hikes. The market's initial reaction was to trade against the JPY, resulting in a devaluation of at least +200 pips across most of its pairs. Japan's core inflation...
GBPCHF Ahead of the BOE Interest Rate Decision Today, the Bank of England (BOE) is expected to release its rate decision. The BOE is anticipated to keep rates unchanged at 4.75%. If this happens, the GBP could see slight bullish momentum, but nothing significant. However, considering the improving UK data over the past month, we could see a weaker GBP , if the...
CTC/USDT - Creditcoin Price Analysis Despite BTC moving down yesterday, we observed CTC rising, and the price has already confirmed a bullish channel pattern. The odds are in favor of further rise during these days, as long as it is not following BTC. A pause is expected before the market gets clear on what happened during the FOMC, and we could see CTC...
EURUSD Ahead of FOMC and Its Possible Impact The Federal Reserve is anticipated to cut the policy rate by 25 basis points at its final meeting of 2024. Remarks from Fed Chairman Powell and the updated dot plot are likely to offer crucial insights into the future direction of interest rates. As a result, the US Dollar's value could be significantly...
NZDUSD Shows a Complex Scenario Ahead of FED Interest Rate Decision Today, NZDUSD presents a very complex scenario with potential moves in both directions ahead of the FED Interest Rate Decision. The FED is expected to cut rates by 25 bps to 4.5%. However, the main focus will be on Chair Powell's speech. Technical Analysis: The price is moving in a clear...
GBPJPY in a Very Risky Bearish Scenario The BOJ hasn't supported the JPY for a long time, and it doesn't seem to be doing better now. Without delving deeply into this topic, we can observe that GBPJPY didn't react at all yesterday, even as all GBP pairs increased significantly after the UK data release. Today, the price is getting ready for a bearish breakout...
SOL Is Getting Ready for Another Bullish Wave SOL looks like it has completed an ugly bullish channel pattern. It has performed well so far, and considering SOL has been strong for a long time, I believe it can bounce again. If the price breaks through the pattern, the bullish wave will begin as shown in the chart. Targets: 🎯 233.50 🎯 241.80 You may find more...
TRX Is Getting Ready for Another Bullish Wave Tron looks like it has completed a bullish channel pattern. It has performed well so far, and considering TRX has been strong for a long time, I believe it can bounce again. If the price breaks through the pattern, it will begin the bullish wave as shown in the chart. Targets: 🎯 0.3055 🎯 0.3195 🎯 0.3315 You may...
Gold Likely Reached the Bottom Near 2644 On Thursday, a bearish wave began, driven by speculations about the upcoming CPI and PPI data and the potential interest rate decision by the FOMC on Wednesday, December 18. The market is expecting a 25 bps rate cut from the FED, similar to the previous decisions, so it will not be a surprise. Trump's election victory is...
USDCHF Could Develop a Complex Pattern Ahead of FOMC USDCHF has reached the top of the structure zone at 0.8950, and the price has reacted accordingly. With the FOMC meeting scheduled for Wednesday, the market is focused on Chair Powell's speech and a possible hawkish statement, which could create a pause before the price moves down. Currently, selling USDCHF...
EURJPY Rises Anticipating BOJ Interest Rate Decision After struggling for three days without any clear direction, EURJPY began another bullish wave today. The market is anticipating the BOJ interest rate decision scheduled for Thursday, December 19. Considering BOJ comments showing hesitation to increase rates during this meeting. This is a strong reason why...
BTC - The Bullish Wave Has Not Finished Yet From our previous analysis, Bitcoin reached the first target and confirmed a new bullish pattern. Although the volume seems to be low, BTC looks unstoppable with the new patterns it continues to create during its upward movement. 📺You May Watch The Video For Further Details 📺 Thank you:) Previous analysis:
GBP/USD: Waiting for Reversal Signs From our previous analysis, the price has created a correction near the first support zone I was observing since the previous week. However, it's too early to jump into the trade given two significant events this week: the FOMC and BOE interest rate decisions. 🗓️ Wednesday, December 18 USD Fed Interest Rate Decision 🗓️...
GBPUSD Price Analysis On September 25th, GBPUSD reached its peak at 1.3430 and entered a clear downtrend for about two months. It appears that the price has created a bottom for the moment on November 22nd near 1.2490. Since then, GBPUSD seems to be attempting to rise, although it faces challenges following Trump's victory. The market is still awaiting Trump's...
Shiba Inu Seen from Another Perspective From our previous analysis, Shiba Inu reached our first target. However, considering it is a meme coin, it didn't move like other altcoins and didn't follow the movements of other meme coins. Now might be the time we see Shiba Inu in action. Technical Analysis: Shiba Inu is still bullish, and the price is rising in an...
BABA Shows First Bullish Signs This week, BABA broke out from a bullish descending channel pattern, increasing the chances for an upward movement. In the past, the price has reacted well several times in the current zone and from similar patterns. 📺You May Watch The Video For Further Details 📺 Thank you:) Previous analysis: