It's approaching 64k (BTC)The correction at 52K has ended and it has increased for 2 days now. With the current strong increase, I think it can reach the 64K 65K area.
Masterthemarket
USOIL continues to decline to $70Oil continues to decline after retesting resistance at 79. The next target is 70. Amid a gloomy economic backdrop, fuel demand is falling. The chart clearly shows that the price is heading towards the bottom zone.
BTCUSD heads to 42KUntil now, I still maintain a bullish view on BTC. The target I have in mind is 42,000. You can see it is having an adjustment period to prepare for the next price increase. Of course, there are also deep collapses and that is a good opportunity to buy.
XAGUSD has moved out of the Ichimoku cloudPrice has moved out of the Ichimoku cloud on its way to the next targets of 26 30 35. I hope my analysis satisfies your expectations.
Today gold has gently returned after a dramaticAfter a dramatic and volatile first session of the week, today gold has gently returned. Such are the properties of this metal. Many people had to sell their homes because of it. However, if you control risks well, it will not affect anything. In my personal opinion, this week it will be adjusted to 1960.
BTCUSD has reached 42k so what's next?In 2 weeks the price has increased from 37k to 42k. As you can see it is resistance on the system I use. The next targets are 46, 51, and 55. I hope this sharing will help you get a vision for your trading plan.
EURUSD reversed and continued to declineOn the weekly chart, the price is retesting the cloud at 1.0830. If the price enters the cloud, it will continue to decline. On the daily chart, the target is 1.07xx (possibly 30).
Cable recovered thanks to US dollar weaknessFaced with the weakening of the US dollar, cable continues to increase. The targets ahead are 1.28, 1.29, and 1.30; The trading strategy at this stage is to only buy during corrections.
SPX target of double top is reached It has peaked before and above the 4600 zone. In my view, it could take place a correction to the 4450 gap zone. However, before the adjustment, it may sideways for a while.
GOLD goes up to $2500Gold has reached the $2000 threshold. According to my analysis it will head towards $2500 on the monthly chart. This can be achieved by 2024. The Ichimoku system is showing a strong upward trend for gold in the near future.
DXY under pressure to 102 areaMy personal opinion is that DXY is still weakening. It could drop to the 102 zone. If everything goes right, this target will be achieved this week.
EURUSD increased to sell downYou can clearly see this on the daily chart. The price has gone up touching a component of Ichimoku that I use. But it was quickly sold heavily at the top and dropped. On frame H4, the clouds are moving sideways. The goal is liquidity at the bottom.
BTC bullish momentum head to 42KIt has achieved its target of 36K and the next target is 42K. The uptrend continues. On the weekly chart, it is moving up and above the Ichimoku indicator line.
BTC retraces back to 31,500 area after reaching target of 36kBTC retraces back to the 31,500 area after reaching the target of 36k.
A significant level of 36k has been done. In my opinion, it will have some correction.
GBPUSD downward momentum to 1.2400 areaIt has broken out of the range and maintains its downward momentum. Target 1.2400 below.
DXY is stronger and heads to 105 areaIt maintains its upward momentum and is moving towards the target of 105. Through this index, you can plan to buy USD and sell other foreign currencies such as GBP and EUR.
GPBUSD Short Heavily On Higher ChartWe have thoroughly analyzed the pair since Monday of this week on our website and video channel.
Overall on the weekly and daily frames is in a downtrend.
On D1 gave cloud test signal.
On H4, the selling force is still dominating.
If the support above H4 is broken, the futures of the pair will continue to fall.
Is GBPUSD low at 1.2616 going to hold and become a W bottom(2)This is in reference to our previous idea of us entering on the 4H timeframe bottom confirmation towards a daily bottom and then a weekly bottom to confirm. It was entered based on price and volume spread analysis rationale. Let us check and see if the bottom confirms today according to the smart money framework. So far, the daily is going in our favour.:)
Refn Images as below.
GBPUSD up to sell down on the big time frameI spent 2 hours and 30 minutes studying the charts and summarizing it for you.
Please note that this is a plan and market entry conditions will vary from time to time.
You need to consider the momentum of the candle as well.
GBPUSD is still moving in the range of H4 but the general trend on major charts like Daily and Weekly shows that the pair is still in a downtrend.
XAUUSD sell on rally to equal lowGold reaches 1930 resistance on CPI then pushes lower. Sell side take place and target TP 1910 1900 1896
BTCUSD started a new bumpAfter 26 days, I see a potential new run on Bitcoin.
First target 31800
Second target 35000
GBPUSD Ichimoku Time TheoryFrom the 13th of July peak at 1.3145 to the 3rd of August the price at 1.2620 is 14 periods (14 days on the daily frame). Moving forward 14 more cycles will be on August 18 (+/-)
Next is to calculate the price range...
GBPUSD short trade on NFPBe careful with this trade because of the high risk during NFP news.
Short at Kijun of H4 timeframe. Take profit to the recent low.
