BTCUSDT $66799 Update April 23 2024BTCUSDT $66799 Update April 23 2024
BTC is consolidating at 66k after finding a strong at 60k.
Bulls are find momentum going into MAY.
A strong closed above 60k is needed for April to avoid giving bears any chance of excitement of a macro Reversal.
Will watch closely the M close
Sencrypto,
Wave Analysis
GBP/USD Follow upA quick Follow-up on the GBP/USD Long Trade.
We have reversed the position at 1.2448 a test of the structure 2.
Technically, the trend is still down and a failure to trade above the structure 2 makes the GBP/USD still bearish.
The last Bullish wave 4 to 5 has given us a short setup using the Fibonacci. This is a high-probability setup for a strong reversal (short) or a downtrend continuation setup.
Initial Target 1.2347, If the price breaks below 1.2330, the downtrend will continue.
Stop Loss: 1.2473
GOLD: Why You Should Be Careful With Gold! Why You Should Be Careful With Gold!
Ascending Broadening Wedge Pattern!
Gold reached a critical juncture from a fundamental and technical perspective. The price went up for no good reason considering what the market was facing before but on the other hand, it is not reacting now that a second possible conflict between Iran-Israel is being discussed.
Now that everyone is looking at for GOLD to rise further, it could go down. The same thing happened before when everyone was looking at the gold price do decrease further from the resistance zone near 2080
You may find more details in the video!
Thank you and Good Luck!
SRF BREAKOUT FROM TRIANGLE WAVE 4Hey guys here is a video idea of SRF which has just broken out of the triangle wave 4 of internal degree. Expected to retrace to the breakout level then a positive move for wave 5 internal degree.
Please do your own analysis before going into a trade. I am not a SEBI registered analyst. Any losses on the chart are sole responsibility of the viewers.
Thank you.
EUR/GBP Trade Recap and Missed Trade and EUR/JPY ShortEUR/JPY Short
Minimum entry requirements:
• Tap into area of value.
• 1H impulse down below area of interest.
• If 2 touch 5 min continuation, reduced risk entry on the break of it.
• If 2 touch 15 min continuation, 5 min risk entry within it, or reduced risk entry on the break of it.
GBPUSD Is Moving Down as Expected +100 pips so farGBPUSD Is Moving Down as Expected +100 pips so far
After the UK reported soft CPI data last week, we saw the GBP take a pause and on Friday the GBPUSD began another bearish wave.
However, this new wave was related to the attack against Iran by Israel.
We may see a shift of liquidity across safe haven currencies as long as the situation on the Middle East is not clear.
You may watch the video for further details.
Thank you and Good Luck!
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Previous Analysis:
AUD/USD Ahead of RBA CPI data and US GDP dataAUD/USD Ahead of RBA CPI data and US GDP data
AUDUSD this week will face inflation data from Australia and GDP data from the US.
What should we expect?
📺You may watch the video for further details📺
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
SP500 Current CFD Market Outlook | Analyzing Trends and ForecastWelcome to our latest analysis of the S&P 500 index! In this video, we delve into the current market conditions, dissecting key trends and providing insights to help you navigate the ever-changing landscape of stock market trading.
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US100 (NASDAQ) Current Market Outlook | Analyzing Trends Welcome to our latest analysis of the US100 (NASDAQ) index! In this video, we dive into the current market conditions, dissecting key trends and providing insights to help you navigate the dynamic world of stock market trading.
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USDJPY Current Market Outlook | Analyzing Trends and ForecastWelcome to our latest analysis of the USDJPY currency pair! In this video, we delve into the current market conditions, dissecting key trends and providing insights to help you navigate the dynamic forex landscape.
Join us as we analyze recent price action, identifying critical support and resistance levels that are shaping the USDJPY's trajectory. From fundamental drivers such as economic indicators and central bank policies to technical analysis tools like trendlines and candlestick patterns, we leave no stone unturned in our quest to provide you with a comprehensive market outlook.
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NZDUSD Current Market Outlook | Analyzing Trends and MovementsWelcome to our latest analysis of the NZDUSD currency pair! In this video, we delve into the current market dynamics, dissecting key trends and offering insights to help you navigate the ever-changing landscape of forex trading.
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GBPUSD Current Market Outlook | Analyzing Trends and MovementsWelcome to our latest update on the GBPUSD currency pair! In this video, we delve deep into the current market conditions, analyzing key trends, and providing insightful forecasts to help you navigate the dynamic foreign exchange landscape.
Join us as we dissect recent price action, examining critical support and resistance levels that are shaping the GBPUSD's trajectory. From fundamental drivers such as economic data releases and geopolitical events to technical indicators like moving averages and Fibonacci retracements, we leave no stone unturned in our quest to uncover trading opportunities.
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GBPCAD Current Market Outlook | Analyzing Trends and MovementsWelcome to our latest analysis of the GBPCAD currency pair! In this video, we delve into the current market conditions, dissecting key trends and providing insights to help you navigate the dynamic forex landscape.
Join us as we analyze recent price action, identifying critical support and resistance levels that are shaping the GBPCAD's trajectory. From fundamental drivers such as economic indicators and geopolitical events to technical analysis tools like moving averages and chart patterns, we leave no stone unturned in our quest to provide you with a comprehensive market outlook.
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GBPJPY & USDJPY Analysis - Deciphering Market Movements! Deciphering Market Movements! GBPJPY & USDJPY Analysis:
Friday, APRIL 26
The market will await the BOJ's interest rate decision. It will be an important day because during the previous meeting BOJ increased the interest rate but according to the market it was accompanied by a dovish signal.
On Friday, April 19, the Japanese Yen (JPY) benefited due to its safe-haven status. The Israel-Iran conflict boosted the Japanese yen (JPY) across the currency board. We saw the same reaction in relation to the British Pound. But we cannot say the same about USDJPY as it barely moved from its current position considering that both are classified as safe-haven currencies.
You may watch the video for further details.
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
AUDCAD Current Market Outlook | Analyzing Trends and ForecastingWelcome to our latest analysis of the AUDCAD currency pair! In this video, we delve into the current market conditions, dissecting key trends and providing insights to help you navigate the dynamic forex landscape.
Join us as we analyze recent price action, identifying critical support and resistance levels that are shaping the AUDCAD's trajectory. From fundamental drivers such as economic indicators and central bank policies to technical analysis tools like trendlines and oscillators, we leave no stone unturned in our quest to provide you with a comprehensive market outlook.
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USDCAD Current Market Outlook | Analyzing Trends and ForecastingWelcome to our latest analysis of the USDCAD currency pair! In this video, we delve into the current market conditions, dissecting key trends and providing insights to help you navigate the dynamic forex landscape.
Join us as we analyze recent price action, identifying critical support and resistance levels that are shaping the USDCAD's trajectory. From fundamental drivers such as economic indicators and geopolitical events to technical analysis tools like moving averages and Fibonacci retracements, we leave no stone unturned in our quest to provide you with a comprehensive market outlook.
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EURUSD Current Market Outlook | Analyzing Trends & Prediction Welcome to our latest analysis of the EURUSD currency pair! In this video, we dive deep into the current market dynamics, examining key trends and providing insights to help you navigate the complex world of forex trading.
Join us as we dissect recent price movements, identifying critical support and resistance levels that are shaping the EURUSD's trajectory. From fundamental factors such as central bank policies and economic indicators to technical analysis tools like chart patterns and oscillators, we leave no stone unturned in our quest to provide you with a comprehensive market outlook.
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GOLD (XAUUSD) ANALYSIS NEXT WEEK April 22-26.Here is the market outlook on Gold for the coming week, from 22nd to 26th of April. It is clear projection of what is mostly likely to happen on Gold next week.
ANALYSIS:
In monthly timeframe we seen in two months consecutively price has strongly gained holding gold to High levels of all the time. Currently price is struggling with the break and close above the 2400 psychological level. In general we are holding with bullish momentum in monthly timeframe.
In weekly timeframe we still hold with a three wave swing to the upside idea with the current swing up being completed therefore expect a possible correction of the swing up. There are various factors of confluence for a possible correction, these are not limited to;
* Price being rejected at a level with multiple resistance level.
* Price being rejected at a 2400 psychological level.
* Price being rejected at 1.23 Fibonacci extension level.
In daily timeframe price has maintained the expanding structure from the previous weekend analysis. Currently price is trading below the lower line of the expending structure which was a support at some points in the past. In addition to this, price is still trading below the previous week rejection candlestick making it remaining valid as a significant turning point.
In four hour timeframe price clearly indicates a sideway movement that has been maintained over the week. The current market structure translates to a possible ABC correction to the upside correcting the stronger bearish price movement happened last Friday.
PRIMARY PROJECTION:
What for sells when price break, close and retest a 2330 level.
ALTERNATIVE PROJECTION:
What for short term buy opportunities when price fail to break and get rejected at 2330 level.
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