it will be quite interesting to see the formation of the bullish cup & handle signifying that we will be coming in a whole new month to a new bullish structure formation in the next few days as we enter August it will be quite interesting to see the Bos and Choch to the upside if I were an institution I would be preparing to be a bull and ride it out up that I...
This week, we have seen the dollar lose its momentum to the upside, thus losing its strength with the other currency pairs. Meanwhile, fears of a potential decline in Eurozone exports due to US President-elect Donald Trump's imposition of hefty tariffs have slightly eased, which could offer more support to the Euro. That being said, I would expect within the...
This week, we have witnessed Gold Choch to the upside due to escalating geopolitical risks.Sentiment turned sour following Putin's nuclear doctrine approval and mixed signals from Russian officials. Market players seeking safety flock to the golden metal, which has risen above $2,600 after dipping to a two-month low of $2,536. Thus, I am anticipating once again...
By the End of next week am hoping to see the Current Price Movement, of the pair as follows the unmitigated orders sitting at 1.28000 handles will be a strong revisiting zone to fulfil pending sell orders. It will be a potential area of demand, where the price might bounce back or consolidate if tested. The first take profit (TP1) will be @ 1.28155, just above the...
the USD/CHF pair has bullish momentum as it heads toward a supply zone of around 0.9000. Traders might watch for reactions at this level to gauge whether the trend will continue or reverse. expect that Trump's policies would put upward pressure on US inflation and bond yields while slowing the Fed’s path to ease policy. This, in turn, lifts the Greenback against...
we have been seeing gold gain positive traction for the fourth successive day from the past week or so and climbing beyond the $2,700 mark, hitting a fresh record high during the Asian session on Friday. Major central banks have been cutting interest rates and are expected to ease monetary policy further. This, along with persistent geopolitical risks stemming...
as we kick start a new Month so is the Eur/USD. It seems the Greenback is gaining some bullish momentum following the latest NFP report that being said my analysis is as follows Key Points from the Chart: Current Price and Resistance: The EUR/USD is trading around the 1.10085 area, this zone will be a key retest area for a possible bearish reversal. in the future...
The dollar climbed to the strongest level in two months as former President Donald Trump defended proposals to raise tariffs on imports dramatically. The Dollar Index rose as much as 0.3% on Tuesday as the Republican candidate cited potential trade policies with economies including Mexico, Europe and China in an interview with Bloomberg News Editor-in-Chief John...
Fundamental Influence of Fed Rate Cut: Impact on Gold: Bullish target for the week @2,700 mark When the Federal Reserve cuts interest rates, especially by a significant margin like 50 bps, it generally weakens the U.S. dollar. Being priced in dollars, gold often benefits from a weaker dollar as it becomes cheaper for foreign investors, leading to increased...
As we well saw last week with velocity bullish move the Commodity made that past week its my Guess that also this week will see first a bearish reversal @2472 that would be the price retesting the new range @ my fvp of 50% or if we break the zone then we would be testing my extreme discount zone @2446 but as of now am awaiting to see a bullish reversal on this...
The Bank of Japan will continue to raise interest rates if inflation moves in line with its forecast, policymaker Junko Nakagawa said on Wednesday, signalling that last month's market rout has not derailed its plan to hike borrowing costs steadily. With that said am with the bears on this one as I seek to target and mitigate the @154.600 zone
as we await the NFP results Tomorrow the 6th of September, I am also anticipating that Nas100 bears will have to dominate driving it down to my @18,591 zone later I can speculate that the bears will still have more room left to mitigate the orders that are at my @17,440 zone but patience is key as I hit first Tp awaiting further downfall of Nas100 am with the...
As we close the 1st week of September, my future analysis of the pair is as follows Current Price Action: The price is currently around 0.66716. My 4 hr tf range is marked between 0.67138 and 0.67669, indicating a potential reversal or consolidation zone. FVP retest area around 0.66973, suggesting a potential level where the price might reverse after retesting....
yesterday's news saw the price retrace back to the @58,600 level which happens to be my early analysed level of retest as it's the equilibrium price range we saw Bitcoin on Tues extending a sharp downturn from the prior session after the movement of a large volume of tokens onto a popular exchange rattled sentiment with the prospect of a major sale event. the...
Since last month Aug 24th, we have seen the Pair Bos to the upside and ever since the bulls have been dominating the pair my analysis suggests that the big firms might be driving the pair to target our extreme premium zone and liquidate the orders @0.67828 but again in Forex it's just un predictable field anything can happen but since Aug 23 I have been with the...
as we approach the end of the month this week so will be the pair as it will seek to mitigate our forecasted 1.12700 mark would be my analysis as per my price action as the price seeks my macro premium zone and also happens to be an interesting supply zone. wait till the price reverses @ our fvp zone @ 1,11539 or to our extreme discount zone @1.11533 as it will...
The Bulls are pulling out and in are stepping the bears ready to scoop the underlying liquidity @0.85153 as the aggressive traders will try and drive the market down to around @0.84600 but since am just a moderate trader I will be eyeing my 1st tp @ 0.85153 I can see potential unmitigated orders which the big banks will also be targeting as the fuel the currency...
The bulls have been pushing the currency throughout August and I will not be surprised that the Bulls are not yet done as big firms will try to rally on the pair and mitigate the extreme premium zone a @1.36259 since Jan 2022 the zone has not yet to be mitigated but that will be weeks to come as for now I will be all bulls till we dominate the zone moderate...