EURCAD Poised for a Rebound From The Support Zone Yesterday, the price broke down from a Head and Shoulders pattern, moving down nearly 100 pips. EURCAD is about to test a strong support zone near 1.4700 - 1.4720. The support zone and an empty Economic Calendar could provide an advantage for the price to rise again, as shown on the chart. Targets based on the...
US100 Awaiting Breakout for Next Move US100 has been stuck between 20307 and 20605 on the 60-minute chart. The accumulation so far is quite good, increasing the odds for movement in either direction. The best way to trade US100 at this point is to wait for the breakout to determine the next price direction. A move above 20605 should push US100 up to 20830 and...
NZDCHF Poised for a 400 Pips Profit Potential NZDCHF has been creating a complex structure since August 2023. The lowest low was established near 0.4943, making NZDCHF significantly undervalued across the currency board. The price is holding strong above 0.5200, which is also a strong psychological price zone. NZDCHF is ready to begin a larger bullish wave...
GBPJPY: Potential for Further Rise Amid BOJ Uncertainties Bank of Japan Governor Kazuo Ueda stated that the economy is making progress toward achieving sustained wage-driven inflation, but provided few clues on whether the central bank might raise interest rates next month. The market remains uncertain about a potential rate hike, as the BOJ has not yet altered...
GBPAUD: Concerns Over Trump's Protectionist Policies Impacting Eurozone and UK Growth Market participants are worried that protectionist policies by President-elect Donald Trump could disrupt the growth potential of the Eurozone and the United Kingdom. The higher import tariffs by the US are expected to negatively impact all economies, with the effect being more...
Gold Resumes Upward Movement This analysis was detailed and posted on Friday. As I explained, the price needed to rise above the pattern to begin the bullish wave. During the early hours of the European morning, GOLD broke through the resistance zone at 2577.40, initiating a bullish wave. The price reached the first target at 2592.60 and is already up by...
Gold Top-Down Analysis: Bullish Momentum Likely to Rise Further The price appears to have found a strong support zone near 2536. On the daily chart, the price has already closed a daily pinbar candle, and on the 4-hour chart, a tweezer bottom pattern has formed. What may happen next? You may watch the analysis for further details! Thank you:)
ETH: Follow the Price Breakout for Trading Direction Ethereum continues to develop in a complex way after BTC reached a new all-time high near 93K. ETH has not taken a clear direction since completing a bearish Head & Shoulders pattern. Currently, we can see another contracting triangle pattern, which suggests the price has a higher likelihood of moving down....
EURUSD Daily Pivot Points Analysis 18-November-2024 Daily R3 - 1.0652 Daily R2 - 1.0622 Daily R1 - 1.0575 Daily Pivot Point - 1.0546 Daily S1 - 1.0499 Daily S2 - 1.0469 Daily S3 - 1.0422 ✅Price Stabilization Around Daily Pivot Point - 1.0546 The price is stabilized near the Daily Pivot Point at 1.0546. Considering other factors, if the price tests the...
EURGBP: A Trade You Don't Want To Miss This is an analysis I posted before and nothing has changed so far. P EURGBP is testing an old weekly support zone that proved to be strong several times. Usually, we refer to normal support zones to observe the price reaction, but this time EURGBP is near a weekly area. We have to be cautious at the moment because...
HTX/USDT: In a possible big bullish wave! Don't miss it The native token of the Huobi Global cryptocurrency exchange is still the Huobi Token (HT), but they have converted all of them to the new HTX token project. In January 2025, HTX will be officially the native coin of Huobi Global broker and has the potential to grow exponentially like many native tokens we...
GBPCHF Poised to Reach 1.1100: Here's Why From our previous analysis, GBPCHF completed a bearish harmonic pattern and has already reached the first target perfectly. What may happen next, and why could GBPCHF move down more in the coming weeks? You may watch the analysis for further details! Thank you:)
NZDJPY: Potential Triple Bottom Pattern Could Push Pair Up to 91.85 On the 60-minute chart, NZDJPY has found strong support near 91.27. The price has tested this zone three times and reacted near the zone, increasing the chances for another bullish wave. It looks like NZDJPY may soon confirm a triple bottom pattern. If that happens, NZDJPY may test the top...
DOT Confirms Bearish Head & Shoulders Pattern DOT has completed and confirmed a bearish Head & Shoulders pattern. The top of the pattern was reached at 5.83, coinciding with BTC reaching its new all-time high. This decreases the chances of the price rising above this zone. The market remains unstable, and it's possible that DOT may test the 5.00 price zone...
OIL Completes Inverse Head and Shoulders Pattern OIL recently completed an inverse head and shoulders pattern. The bottom of the pattern was reached yesterday at 66.9 during the release of the US CPI data, followed by an aggressive growth. Today, OIL confirmed this new bullish pattern, indicating increased bullish momentum. If the bulls manage to hold the price...
GBP/USD Resumes Bearish Trend - UPDATE After GBP/USD was holding strong for days GBPUSD looks like can move down today after Employment Change (3M) (Sep) 219K actual vs 373K previous ILO Unemployment Rate (3M) (Sep) 4.3% actual vs 4% previous Claimant Count Change (Oct) 26.7K actual vs 30.5K expected Average Earnings Excluding Bonus (3Mo/Yr) (Sep) 4.8% vs 4.7%...
GBP/USD Resumes Bearish Trend Trump's victory in the US Elections has bolstered the US Dollar. The USD's strength this month has been tied to Trump's win, so it was anticipated that his victory would support further USD strength. The price has already dropped nearly 200 pips during the early hours of the European morning. It is likely that the price may...
USDJPY Heading for the 5th Wave Up! Targets for Possible Reversals and Profit-Taking Zones From July 11, 2024, USDJPY began a bearish movement that concluded on September 16, 2024, near 139.57. The price is clearly showing the development of a 5-wave pattern, and it looks like the price is about to begin the bullish wave for the 5th wave up. You may watch the...