MOEX Moscow testing the All Time Highs.Pullback before breakout?The Moscow Exchange (MOEX) is about to test today the 192.50 All Time High (ATH) made on May 10 2021. It was a similar Higher Lows rally that led to the ATH as this year's dashed Higher Lows Support. The current bullish leg has completed +80% since the last Higher Low, similar to the February 27 High (+79%). Ahead of a 1D Golden Cross, this strong Resistance combination (+80% and ATH) calls for a technical pull-back. In the last 4 years, the minimum such correction has been -12.93%. A decline repeat of such magnitude gives us a 167.50 target, exactly on the Higher Low trend-line.
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Moscow
MoscowExchange is prone to take a rest soonRecord new account openings on MoscowExchange during 2023, has played its role in almost 90% stock advance since the year start.
The stock and volume dynamics show strong uptrend with good signs of accumulation on a weekly chart.
My chart analysis shows, that price has reached an important resistance zone of its strongest uptrend wave 3 at around 182 area and is now to be expected to re-base again, correcting ideally to its mid-term area of support: 155-166 area.
We may also notice that price looks extended from its 10w MA, that is a historical cautious sign for continuation of short and mid-term advance. We may also notice, that in Mar23 once price went above 50D MA by 18% that led to 2 months of correction.
Despite my bearish leaning short-term, my analysis still has room for price to extend to higher resistance targets to 195-200 area as an alt. wave 3 target.
Trading thesis : if price breaks bellow 21ema, preferably with volume pick-up, I would expect a move down to 166-155 area. If price decides to instead move above 185, I expect it to find resistance in 195-200.
GOLD - XAUUSD Hello traders?
As I expect the dollar to fall this week, it is natural that gold, with its reverse movement with the dollar, will be an ideal rise, and the news supports its rise, as the G7 decides to ban the import of Russian gold to increase restrictions on Moscow with the continuation of the Russian-Ukrainian war and • Britain, America, Japan and Canada ban the import of Russian gold. This is likely to open the week with a large gap for gold. As for the movement of gold this week, it will be positive to support the price's rise.
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Important rules:
1: Use a small lot
2: Don't be greedy
3: Stick to the goals
4: Don't add deals to losing trades
5: Stick to your stop loss
Good Luck To Everyone .
XAUUSD DAILY BIAS : B.U.L.L.I.S.H 🐃🔱 GOLD TRADE IDEA 🔱
BIAS: Bullish
FUNDAMENTAL BIAS: Bullish
The negotiation for peace in the Moscow-Kyiv tension seems off the table - which triggered an upward spike & is anticipated to be sustained. Alongside the overarching global inflation which adds to this conviction.
TECHNICAL BIAS: Bullish
MOEX reopens after 1 month haltedImportant restrictions as Moscow's Exchange reopens 4 hours a day:
- Short-selling banned
- Selling of shares banned for foreign investors
- Only 33 stocks available for trading
After being halted for 1 month, the Russian market reopens with important restrictions. Also, many institutional brokers from the EU and other NATO countries banned trading on Russian assets. From the technical analysis perspective, it's impossible to assess accurate price movement with so many restrictions and market manipulation by the Russian Federal Bank that is trying to avoid a market crash. So far, the measures have been successful and the aim is to keep holding the market until this crisis is resolved. The downtrend though, it's still there with an important resistance line, even with short-selling banned and other restrictions, Russian investors could panic and sell at market. This is absolutely historic.
Crypto ID Systems - Why Zero-Knowledge Proofs Are the FutureThe Russian-Ukrainian crisis, the tanking of the Russian stock exchange (and its subsequent shutdown) has put the economic future of Eastern Europe in a very uncertain state. Why Zero-Knowledge Proofs like zk-STARK and zk-SNARK (combined with KYC and AML methods) might see a renewed interest in the crypto industry in the near future. (And probably for the longer term as well.)
MOSCOW STOCK EXCHANGE (MOEX) DAILY TIMEFRAME SHORTThis market is clearly bearish as shown by the lower highs and lower lows, with ranging tendencies as the price consolidates between the 94.71 resistance level and the 80.25 support level. Traders should look for potential sell entries close the 94.71 zone. The price could potentially form a triple top formation on the 4 hour timeframe. Keep your charts clean and save your soul from clutter.