Hello everyone! There is a high likelihood that gold may decline from its current level. The 2800 mark is a historical high and a critical level. Will the bulls be able to break through it immediately? From a long-term wave perspective, the price of gold may currently be in corrective wave 4, which is likely not yet complete, as the time targets have not been...
Hi All! Gold might take another shot at testing its all-time high—because why not? We could see the formation of a fifth-wave impulse with a broad target range of 2780–2792. However, if it breaks below 2750, gold may head down to test the 2720 support level. Let’s not forget—today is the Fed meeting, and Jerome is about to give the markets a reason to move....
Hello everyone! The USD/JPY pair failed to hold above the support level of 155.00, which suggests an increase in dollar selling within this pair. Our target is 151.50–152.00, with a possible further decline toward the key support level of 150.00.
🔥 Friends, the market is heating up! Bears have pushed oil down to a key support level – $72 per barrel. This is the last point where wave (5) of the impulse could start forming. 📉 Bearish scenario: A break below this level could send oil to new yearly lows. 🐂 Bullish scenario: We see a bullish divergence on the H1 chart, and the price is testing the upper...
Hi All! A day off is a good time for reflection. Oil Price Outlook: Potential Fifth Wave Impulse Up There is a high probability that oil prices, having broken through the upper boundary of the regression channel, may continue their upward movement with a target in the 81.20–84.00 range. This could be the fifth wave of an upward impulse. Wave Structure...
Hello everyone! 📈 US500: Potential Growth After ABC Zigzag Formation On the hourly chart of the US500 index, a possible ABC zigzag has formed, where waves A and C are equal. The RSI indicator has reversed from the oversold zone, confirming the likelihood of an upward move. 🔹 Target levels for profit-taking: ✅ 6050 ✅ 6140 🎯 Potential growth target —...
Hello all! The USD/JPY pair has broken the 154 support level and is heading toward the next support zone around 150-152. However, this support level doesn’t seem significant, and with U.S. labor market data coming out on Friday, we might see continued downward movement. 📉 Main support level: 149-149.50, where we expect the week to close. We’re keeping an eye...
Hi All! EUR/USD: Possible Corrective Zigzag and Growth Prospects On the hourly chart of EUR/USD, a possible corrective ABC zigzag may have formed between February 5 and 7. Currently, the price is holding above 1.029, with bulls defending this key support level. 📈 If the price continues to rise and re-enters the parallel channel, we expect further euro strength...
Hi All! USD/CHF: Resistance Test and Possible Pullback In the USD/CHF pair, bulls are testing the resistance zone at 0.91200. If the breakout fails and the price pulls back below 0.91100, there could be an opportunity to open a short position with targets at 0.89900 – 0.89600.
Hello Everyone! 🚀 Gold (XAU/USD) Wave Analysis – Potential Growth to 2960-2970 On the H4 gold chart, the price is likely in subwave (iv) of wave 3. Once the current correction is complete, we can expect the formation of subwave (v), which will finalize wave 3. 🔹 Key Levels: • Wave 3 has nearly reached the 1:2 ratio with wave 1 (2952.50), but this level was...
🚀 Oil (XTI-USD) Reversal in Sight? Technical Analysis 📈 On the 4H chart, oil is holding above the 70.00 support level and attempting to break 71.20. If bulls manage to secure this level, we could see a move toward the local high of 73.10. Technical signals supporting growth: ✅ RSI and Momentum divergence on 4H ✅ Attempt to break above the Alligator’s jaws on...
Hello everyone! 🔹 Gold Wave Analysis: Preparing for a Correction? 🔹 Updating our gold forecast! On the hourly timeframe, it appears that wave 3 of the upward impulse, which began back in December, is approaching its completion. 📌 Key Points: 🔸 Wave (iv) has likely formed a truncated flat. We expected a deeper decline in wave (c), but the market only showed a...
🇨🇭🇺🇸USD/CHF: Possible Reversal Pattern🌄 📉 On the 4-hour chart of the USD/CHF pair, we might be seeing a reversal pattern – a triple top. 🧠 On Friday and today during the Asian session, the base of the top at 0.90 was broken. Now, price is trying to test this key support level as resistance. If there’s a bounce and price doesn’t return above 0.90, we expect the...
Hi All! On Friday, BTC/USD broke out of a bullish flag pattern, but the 98,300 resistance level halted further upside. Over the weekend, the price has been consolidating within a narrow range of 98,000 – 96,000. Key Levels: 🔹 Resistance: 98,300 – a breakout above this level could open the way to 105,000.
Hello everyone! The USD/JPY exchange rate has dropped below the daily MA200 level and is currently testing support at 150.150. However, this support level does not appear to be strong enough and is likely to be broken soon, which would pave the way for further Yen strengthening towards 149.30 and more likely to 147.00. The most significant resistance level in...
Hello everyone! 🇯🇵Yen is Ready for a Breakout!💴 The Japanese Yen GPI Basket Index is testing a key resistance level at 6,750-6,840. Over the past three weeks, the index has been steadily approaching this level without sharp movements. Fundamental factors suggest a potential breakout, but a short-term consolidation may occur first. If the resistance is broken,...
Hello All! 📉 Long-Term Trading Idea – Short GBP/JPY 📉 On the daily chart of GBP/JPY, a triangle in wave B of a potential zigzag appears to have formed. A breakout below 189.98 will confirm this pattern and could trigger a long-term decline. 📊 Trade Setup: 🔹 Entry: After a breakout below 189.98 🔹 Target Zone: 172.00–177.00 🔹 Expected Duration: 1–3 months 🔹...
Hi All! The Bank of England decision tomorrow adds uncertainty, and we’re keeping a close eye on GBP/USD for trading opportunities! 🔹 Key Levels to Watch: 📌 A confirmed break of 1.25190 resistance would be ideal for a long trade. 📌 Pullback to 1.24-1.23 would offer a more confident entry towards 1.28716 resistance, which has been holding for several days in...