Hi guys! 👋🏻 🔔 Daily XAUUSD chart projects a triangle pattern, and signals the retest of the lower edge of the triangle, based on the pattern’s rule. 🔔 Moving averages on a daily XAUUSD chart also do not favor the Gold bulls. MA200 and MA50 both are above the closing price of XAUUSD. Remarkably, the 200-day moving average is above the 50-day MA. This formation in...
Hi guys! 👋🏻 🔔 Possible uptrend continuation of #EURUSD here after a retest of the dynamic resistance as support. 🔔 The pair has also made a breakout from a critical dynamic resistance and has tested it as support several times, I believe it is also a good sign of a short-term uptrend for #Euro ✊🏻 Good luck with your trades! ✊🏻 If you like the idea hit the 👍🏻...
Hi guys! 👋🏻 🔔 Bitcoin made an attempt to break the $59500 resistance and was pushed back. 🔔 Besides the strong resistance at $59500 there also is a dynamic resistance which now has created an ending diagonal pattern. 🔔 There also is an inverted head and shoulders pattern which is building up, so keep an eye on this formation as well 🔔 We have seen this...
Hi guys! 👋🏻 🔔 Bitcoin lost $10K in value in a week after announcements from the SEC and the bill signed by the US President Mr. Biden 🔔 The 4-Hour Bitcoin chart looks very bullish, MACD and RSI indicators signal an upcoming short-term trend reversal. However, this reversal will firstly be interfered by a strong resistance at $62700. If Bitcoin does close above...
Hi guys! 👋🏻 🔔 Bitcoin buyers look very weak after a recent drop. The was a strong upward push from near $62900 level however the resistance of $65650 is still strong enought to restrain the further uptrend move of BTC. 🔔 I am expecting a retest of $62500 levels to touch MA100 and gain some power. To continue upward, Bitcoin must hang above $62500 and close above...
Hi guys! 👋🏻 🔔 RSI and MACD indicators on a 4-Hour GBPUSD are signalling an upcoming bullish reversal. The pair has also formed a double bottom pattern when GBPUSD retraced strongly after a retest of $1.34200 level. 🔔 Based on the price action, and taking into account a conceivable volatility this week during the release of the Economic data from the US, GBPUSD...
Hi guys! 👋🏻 🔔 You heard Bitcoin for $110K many times, so in this chart I tried to visualize it to show why this is very possible. 🔔 Bitcoin on a daily chart looks slightly bearish, to continue the uptrend it must close above $64100, which is a 0.618 Fibo of the October 20 drop. 🔔 By the way the drop was caused not only by the retest of a dynamic resistance but...
Hi guys! 👋🏻 🔔 Silver continues its uptrend since September 30, 2021 when it hit the newly lows of the year. The uptrend is backed by the FED’s tapering plan which should start in November. Despite the positive US Jobless Claims, the US Dollar index remains under pressure below the 93.7 level. 🔔 The US Dollar index is still vulnerable below the 93.7 which is a...
Hi guys! 👋🏻 🔔 Globally, oil prices soar, as lockdown restrictions ease and airlines resume operations. Crude is traded near $80 and Brent already surpassed the $83 per barrel mark. Russia is World’s third largest oil supplier. 🔔 Through the year, the Russian Ministry of finance continued its streak of foreign currency and gold purchases. These factors support...
Hi guys! 👋🏻 🔔 There is a breakout confirmation from the falling wedge on a 4 hour Gold chart. The price broke the resistance and retested it as a support. 🔔 The situation around Evergrande and negative NFP and employment data in the US will increase the uncertainty in the markets. Several Central Banks, including the Bank of Japan increased their Gold purchases...
Hi guys! 👋🏻 🔔 USDJPY looks extremely bullish, however a retest of 112.1 - 112.3 levels is most likely as the pair hit an important resistance on a 4H and a daily chart. 🔔 MACD and RSI are showing signs of an upcoming correction ahead, which might generate another uptrend potential of the pair. Probably up to 116. See daily and weekly charts below. 🔔 USDJPY...
Hi guys! 👋🏻 🔔 Bitcoin is under pressure and some analysts even predict a heartbreaking decline to $36000 and some to a terrifying $19000. 🔔 It is clear for now that Bitcoin's price will be fully dependable on the global ecnomic data especially the US economy. The reason is not only the migration of mining powers to the US but Bitcoin ETFs and Bitcoin futures...
Hi guys! 👋🏻 🔔 EUR/USD is traded inside a downtrend channel. The price action of June 25 has formed an expanding ending diagonal pattern, which is yet to complete its formation. 🔔 4H EUR/USD chart, whereas the RSI is near the oversold level, hence to balance the strength, EUR/USD might retest 1.17700 before it continues to proceed downwards to complete the...
Hi guys! 👋🏻 🔔 FOMC announcements are important today. The most important note expected from the FED Chairman would be announcement of the tapering asset purchases by the FED. The no-clue tapering asset purchases date might play a negative role to the US Dollar Index and since there will be a volatility, USD/CAD may jump to $1.2890 level and retrace to $1.2720...
Hi guys! 👋🏻 🔔 There is a strong support zone at $43000 and $43800 levels which Bitcoin tested and for now keeps above them. 🔔 This support area is also backed by EMA50 and MA200. First strong retest is at $48000 if closes above then will reach the $51500. www.tradingview.com 🔔 Keep in mind that $52900 is a Fibo 0.618 of April 13's correction, so for new highs...
Hi guys! 👋🏻 🔔 Currently watching this rejection from the dynamic support of the uptrend channel, which was tested as resistance 🔔 There is a strong support at $46300. If that support is overtaken, the price may fall deeper to $43800 and $42500. 🔔 Although, if the support withholds, we can expect a jump to $51.2K and $53K. CME BTC futures expiry are set for...
Hi guys! 👋🏻 🔔 I congratulate everyone with overcoming the 50k mark. At the moment I want to pay attention to some similarities in Bitcoin's price, which prompt about the beginning of a small correction before the next bullish movement. 🔔 It is possible that Bitcoin may try to overcome the level of 49800 at night, perhaps even 50,000 and roll back to 48200,...
Hi guys! 👋🏻 🔔 Following this setup for AUDNZD. Looks like the pair will be rejected by the dynamic support which is currently tested as resistance. Not a perfect Gartley pattern is also on the watch. ✊🏻 Good luck with your trades! ✊🏻 If you like the idea hit the 👍🏻 button, follow me for more ideas.