Hey Traders, in today's trading session we are monitoring EURJPY for a selling opportunity around 169.500 zone, EURJPY is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 169.500 support and resistance area. Trade safe, Joe.
It appears that NOT is forming a descending wedge pattern, a bullish reversal pattern that often indicates a potential shift from a downtrend to an uptrend. This pattern suggests that the selling pressure is diminishing, and buyers might start to take control. As a result, the price could rebound from the support areas.
#GOLD.. market very well hold your supporting area in morning and now at his today 2nd resistance zone. That is around 2313 14 Keep close it because if market hold it then drop expected from here. Don't be lazy here. Good luck Trade wisely
Hi folks today I'm prepared for you Gold analytics. If we look a the chart we can see how the price rebounded from the trend line and made a strong impulse up to the resistance level, thereby breaking the 2290 support level and even soon XAU broke the resistance level too and rose higher resistance zone. But then the price turned around and made a correction...
NZDUSD: Structure Analysis After the stronger-than-expected NFP data on Friday, we saw the price moving down aggressively. Actually the price found a strong support zone near 0.6090 which seems to be also a critical zone for NZDUSD. A move below 0.6090 should push NZDUSD down further to 0.6045 and 0.5990 If the price develops above 0.6090 the chances will...
Now this stock is showing strength on daily time frame because of elephant candle with awsome volume. Also supported by both the key moving average (20 & 200 MA). buy above 796 on daily closing basis. it may have gud risk reward entry.
The non-farm payrolls figures were in the market focus during the previous week, when macro data are in question. Surprisingly, they have been increased to the level of 272K, in May, much higher from the market expectations of 185K, and from 165K posted for the previous month. The unemployment rate in the US reached the level of 4% in May, from 3.9% for the...
Hello traders, Happy new week to you all. Allow me to quickly do a detailed analysis of a pattern I identified on the GBPAUD currency pair, called bearish Gartley. I believe in the concerted might of Elliott wave and Harmonic patterns. The Bearish Gartley pattern is a harmonic pattern that signals a potential reversal in price from bullish to bearish. This...
As part of the other recurrent cycles, in the short term we may get a Wyckoffian spring, breaking under the channel and wicking up. I don't think it's going to go all the way to 68.8, but its a good entry.
Here is my markup for AUDJPY dated 10/06/2024. As expected AUDJPYs growth has had an increase is bearish pressure. Signs of a bearish takeover are emerging, suggesting possible short-term or further consolidation since the impressive rally in early May. After breaking key structure and shifting momentum i can see a big sell off coming and I hope you can see...
Solana is currently at $158.79 and the price is holding at support $156.94.If the price successfully holds this level we could see a bounce back to the upper level at $204.79 after that if it breaks this level we could see the price at All-Time High again. At the moment the price of sol is looking very bullish in the daily chart. If the price could not hold the...
ETH is at $3,616.49 has struggled to sustain its position above the $3,669.57 support, showing that demand is declining at higher levels. However, the upsloping 21-day EMA ($3,669.16) and the 55-day EMA ($3,478.51) indicate that the bulls are still in control. If the price rises from the current level and moves above $4,093.92, the price could rally to higher...
BNB / USDT After a major coin like BNB makes a new ATH then doing a clear and simple retest like this in which giving the majority the chance to buy it = 90% of cases is dump In 90% of cases of retested triangles after new ATH = more dump to take more liquidity below the triangle (Ex : this happens in BTC as well recently) Iam long term supporter of BNB but...
FLOKIUSDT is in strong bullish trend. As the market is consistently printing new HHs and HLs. currently the market is retracing a bit after last HH, which is 50% Fib retracement level and local support as well. if the market successfully sustain this buying confluence the next leg up could go for new HH. What you guys think of this idea?
A while back I posted how LSE:XLM has maintained a rise in price similar to the fractal from the initial bull run. Here below we have the dark pink fractal, green fractal and yellow fractal; all are clones of the 1st bull run. What we see is the dark pink fractal concluding with a top about the same time the markets topped. The green and pink fractals are...
Hello there, TA predicts a potential decrease in the BTCUSDT weekly chart, but not without a bullish pulse. The price has the potential to fall to three price areas, stretching out a bearish outlook due to the sharp ABC rise to 71.877 high. The price will need to drop below the RSI levels of 52.96 and 48.10 to signal a downtrend. Happy Trading, K.
Looking a test of the 20sma this week. Lots of support near 528-530.. I'll list then here 1. 20/21 Ema - 528 2. Trendline - 530 3. Gap close support 528 They could dip this to 526 to trap some bears but unless it closes below 525 I wouldn't linger short. The only reason I'm leaning towards 540 is because of the Dow and XLY sector.. dow wants 40k again in...
In this analysis, we explore the recent performance of the U.S. Dollar Index (DXY) and its potential trajectory across various timeframes. Against the backdrop of recent market events, including the U.S. presidential election, we aim to uncover insights into potential trends and pivotal levels shaping the index's movement. Impact of Recent Events, Including the...