Bitcoin price remained well above the $62,500 support zone and extended its gains. BTC was able to overcome the resistance at $64,500. It even cleared $65,000 and checked $65,500. A high was formed at $65,550 and the price is currently correcting gains. There is a minor decline below the $64,000 level. However, the bulls are active near the $63,000 area. There is...
Hello all dear traders! Overall, is XAUUSD about to explode again after the previous profit taking of 2400 USD? From a technical analysis perspective a pattern has formed that allows XAUUSD to increase further in the future. - Main support key: 2300 USD, 2276 USD - Main Resistance Keys: 2328 USD, 2255 USD, 2300 USD, 2380 USD, 2400 USD. - Stop loss 2228...
Bitcoin looks very strong at this moment. We can see that the price is breaking out of the descending parallel channel on the daily chart. The price is above the channel and has already retested the downward-sloping trendline. We should see a strong pump from the current price. Why is bitcoin pumping? From a technical perspective, it's pretty easy to say. Take a...
Hello all dear traders! Gold prices today turned down with gold down 15 USD compared to the highest price in last night's session of 2,325 USD/ounce. Accordingly, Gold decreased slightly as investors focused more on the prospect of interest rate cuts from the US Federal Reserve (Fed). According to CME's FedWatch tool, futures traders believe there is about a...
Hello all smart and wealthy traders! On general market impact news: EUR/USD remains under modest downside pressure and trades slightly below 1.0750 during the European session on Wednesday. Hawkish comments from Fed officials kept the US Dollar resilient and did not allow the pair to recover. EUR/USD trades near 1.0750, where the Fibonacci 38.2% retracement...
Hello all dear traders! Let's discuss and strategize our new day! Overall, the EU is facing a decline below the 1.075 breakout support during the Asian session on Wednesday. The main reason is that the US Dollar increased due to expectations that the Federal Reserve will extend higher interest rates, which supported the USD and was detrimental to the EUR....
Hi everybody! The daily rebound in the US Dollar (USD) caused a fresh knee jerk and caused EUR/USD to give up part of its four-session move higher on Tuesday. Once again, the pair failed to retest or break above the key 1.0800 area, which marked its weekly high so far. From the analysis chart, it can be seen that EURUSD has broken out of the previous support...
Hello all dear traders! Let's discuss and plan our short-term strategy today! Overall, BTCUSD experienced significant volatility over the past day with the price falling past the $63,000 mark. It is currently trading at $62,627, marking a 0.49% increase on the day, since hitting $62,179. But! At the same time a pattern has formed which we often call a triple top...
As mentioned in previous analysis, I believe the breaking of 60K to be important for BTC. If it is important, we'd be in a bull trap now. Currently we have to classic 76 retracement along with a butterfly correction pattern. Trying a fairly large short on BTC now. Expressed through shorts on BTC directly, OTM puts on COIN and OTM puts on MSTR. If the break...
Deal Colleagues, FX:AUDUSD price have rejected at the rejected counter of times in 3 days timeframe. It shows sellers will be positioning in coming days. While we also expecting USD to become extremely bullish in coming days. While AUD expected to remain bearish. Remember to use proper risk management.
Hello all of you! XAUUSD is still falling amid a strengthening dollar and falling US Treasury yields. Scarce economic data in the United States will keep investors focused on Federal Reserve officials in the week following last Friday's US jobs report. In the mentioned chart, technical indicators are still negative, But! The price wave is still forming in a...
DXY on a pause before resuming the bearish wave From our previous analysis, DXY completed the harmonic pattern. The reaction was almost perfect considering that after the pattern was completed, the DXY moved down and reached our target. Currently, DXY is taking a pause but should resume the new downtrend soon as shown on the chart. You may find more details...
NVDIA Corporation (NVDA) has been going exactly as planned since our latest update (February 16, see chart below) and looks very promising to hit the 1150 Target: On the shorter term, the 1D time-frame, we see one last buy opportunity arising for those who missed our earlier buy call. Based on the (-21.66%) symmetry of the current correction with that of...
After 3 Days of Strong price increase Pressure on RSI level , reaching to neckline needs to have some rest on Fibo236
Hello traders ,what do you think about GBPUSD?This currency pair has broken its downward channel and resistance zone and is above it.If the daily candle closes above the mentioned level, it is expected to grow at least to specified levels. If this post was useful to you, do not forget to like and comment.❤️
Hello Traders, here is the full analysis. I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity GBPUSD I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the...
In a previous post I drew attention to the large monthly engulfing candle on BTC and made the observation that historically this has 100% success rate in marking BTC highs. In this post I want to take a more technical look at the formation of this big candle. We have what may be the early formations of Elliot waves (Marked in the OP). With our drops coming in...
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