🦘AUD/USD Perfect time to buy. 🦘Can we say that with this pair we are in an ideal place to buy? 🦘It seems to me that in the case of this pair we have already reached the current lows. 🦘Following the 75 point hike in the US interest rate on 2 November, the market assumes that the next one will be only 50 points and looking at the economic situation the FED does...
🥨DAX correction on the way. 🥨As in my last post I predicted a rise in the DAX idx this time it was time for a correction. 🥨After a month-long rise of equal to 14 from the bottom, can we speak of an imminent correction? 🥨By all means. 🥨The Dax has only made one major correction in its journey to the top, amounting to 78.6% of the first downward wave. After...
₿ Bitcoin the rally continues... ₿ Referring to my last post in which I predicted an upward movement on bitcoin ₿ Observing the flat correction that has been taking place for about 7 days now ₿ I can confidently say that I don't think we are going to go lower in the coming sessions. ₿ Given the very low levels we are at since the peak, a further breakout...
💱USD/JPY waterfall coming up. 💱For some time now, since 21 October to be precise, we have seen a trend reversal on the USD/JPY pair. 💱The reversal was abrupt in nature, it was done through the monetary intervention that Japan made in order to stop weakening its currency. 💱Is there a chance that the uptrend that has been running on this pair since 3 October...
🛢️USOIL Time to continue downtrend 🛢️On oil we are at an interesting moment. Since 26 September, we started to make an upward correction of the downtrend from the levels of $76 per barrel. 🛢️Then we broke out to $93.5 🛢️We then performed a correction of this uptrend impulse again finding resistance at $83 where the 61.8 level of the entire upward wave was...
📈S&P500 don't miss this move. 📈After the end of Friday's session which turned out to be extremely optimistic. 📈The increase which amounted to 3.9% was truly impressive. 📈Looking at the fact that we have already bounced 12.08% from the bottom makes us think that the Christmas rally and the pulling out of results by financial institutions to boast about this...
🐕DOGE the reawakening of a legend 🐕The last few days on DOGECOIN the world's most meme cryptocurrency have been truly lavish in increases. 🐕Over the 13 October lows we have already made 33.62% gains 🐕Transforming to a weekly perspective, we can clearly see that the current weekly candle is breaking out over the last few weeks, this is due to the falling value...
📉S&P500 Time for correction. 📉Quick play. 📉S&P500 has made beautiful upward imupls since October 13. 📉In between times we have only made one significant correction. 📉 Looking at the current price action situation it looks like it would be advisable to make a correction here in order to talk about the continuation of the uptrend in the future. 📉 Assuming an...
💰Bitcoin a chance for a correction? 💰Bitcoin in the last day has broken out from minimum to maximum by 6.12% This is definitely a standout from the previous days. 💰I don't think this breakout was a coincidence, bitcoin caught some air at the same time as the major stock indices started to break out higher. 💰A dollar started to weaken. 💰Such a situation...
🦘AUD/NZD Monday play 🦘The Australian currency has begun to weaken sharply against the New Zealand dollar over the past month. 🦘The extent of the weakening since the peak has already been over 4% 🦘Friday's session did not leave a dry eye on the pair either. 🦘The weakening of the Australian currency is probably dictated by the interest rate differential which...
ETH going for $1800? Today we see a beautiful breakout on ethereum which from minimum to maximum is 14.25%. As I wrote in a previous post there was a breakout from the support level we have been accumulating on since 19 September which lasted 36 days. We also broke through the 50 moving average. The next support resistance comes from the price levels at...
💷GBP/JPY time to get rich 💷Looking at the pound for what it has done in terms of price appreciation over the last few weeks is incredible. 💷Referring back to my post from 2 weeks ago in which I wrote about the GBP/JPY pair still having plenty of room to rise (spoiler I wasn't wrong) Accurately predicting a correction and then further rises. I invite you to read...
💶EUR/USD Euro is growing in strength 💶The euro is showing signs of strength in the current week. Is a correction in the downtrend getting ready? 💶Looking at the Unemployment rate in the Eurozone, it stands at 6.6%, the lowest on record. 💶Inflation is already close to 10% and on the 31st when there will be a flash year-on-year reading it is forecast to be...
NZD/JPY Kiwi rallies to break out. 🇳🇿 The NZD has been in a downtrend with a number of currencies for some time, on the chart with the yen we can see the accumulation since March this year. 🇳🇿 Looking at the data coming out of the economy. 🇳🇿 Unemployment one of the lowest on record at 3.3% 🇳🇿 Inflation at 7.2% Not the worst. We can see that it has been...
💶EUR/USD where the correction will end. 💶Following up on my last post in which I wrote about the trend reversal on the eur/usd pair to an uptrend 👇👇👇 💶After a beautiful breakout to 1.008 levels and above parity. 💶We have again dropped below parity and in this post we will look at where we can see the correction ending. 💶Looking at the price action,...
🇩🇪 DAX Prepare to rally higher 🇩🇪 Referring to my last post on dax 👇👇👇 🇩🇪 We are in a very interesting place where an upside breakout formation could take place. 🇩🇪After making a correction yesterday. At the opening of the session today, the dax index showed strength and a desire to continue the uptrend. 🇩🇪 If today's breakout occurs, the way is open to the...
💲XRP silence before the breakout 💲Over the past few days we have seen cryptocurrencies wake up from accumulation and we have seen most of them break out beautifully. Breaking through local resistance lines. 💲On XRP, the situation is a little different 💲The start of the breakout occurred on 7 September from levels of 0.32 to 0.56 within 2 weeks. The range of...
CAD/JPY Will we go higher or is this already a peak? 🍁Unemployment remaining low at 5.2%. 🍁Inflation slowly slowing The latest reading on 19 October indicated 6.9% which, compared to the peak of 8.1% recorded in June, offers a breath of optimism. 🍁Interest rates definitely higher than in the EU. At 3.25%. With the next rate hike due on 10 October, the market...