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AUDJPY: Dominated by Bullish Volume AUDJPY has been moving in a corrective pattern for about 1.5 months, dominated by bullish volume. However, this bullish momentum is not solely due to AUD strength but is more related to JPY weakness. The upcoming RBA rate decision tomorrow may further support this bullish movement. T echnical Analysis: Looking at the left...

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LTC Confirms Bearish Trend and May Reach $60 At the beginning of November 2024, LTC broke down from a strong support zone near $68.00. The price tested this zone three consecutive times without breaking it, but LTC broke through the support with strong bearish momentum on the fourth attempt. Currently, the price is taking a pause, but it is expected to resume...

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Gold Amid US Election Results Today, the US dollar is showing slight weakness across the currency board as the market focuses on the US election results. Experts believe it might take at least a few days before there is a clear winner. Gold, on the other hand, is in a strong bullish trend and tends to make unpredictable moves, especially when the market is...

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GBPUSD Daily Pivot Points Analysis 05-Nov-2024 GBPUSD Shows Bullish Momentum Above Daily Pivot Point GBPUSD is developing above the Daily Pivot Point at 1.2957, indicating bullish momentum. It may continue to rise with targets at Daily R1, Daily R2, and Daily R3. However, GBPUSD may face strong resistance at each of these levels, which could halt its ascent...

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Bitcoin Inside a Possible Range Trading Pattern Two weeks ago, Bitcoin tested the all-time high price zone but didn't manage to break through. The all-time high was created on March 13, 2024, and since then, it hasn't been invalidated. The market is probably speculating related to the US elections, but overall, it has little relation to BTC value. We must be...

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BNB: Potential Bearish Direction Ahead BNB has completed another bearish channel and appears poised to move down again. A stronger confirmation will occur if the price drops below $580. If this happens, we may see the bearish momentum grow further. Considering the combination of patterns, if the price moves below $580, BNB could drop to $559 and $538 as normal...

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AVAX Resuming the Bearish Downtrend On the 60-minute chart, the price has completed an Ascending Channel pattern. After any small correction, I expect AVAX/USDT to move down further. The first target is near 25.20, which corresponds to the first support zone, and the base of the pattern near 24.20 for the second target. Considering that AVAX/USDT is...

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📣EURUSD Daily Pivot Points Analysis Daily R3 - 1.0944 Daily R2 - 1.0916 Daily R1 - 1.0900 Daily Pivot Point - 1.0872 Daily S1 - 1.0856 Daily S2 - 1.0828 Daily S3 - 1.0812 Today we have NFP data which makes this analysis a bit difficult as long as the market will speculate about the US Election and NFP data and the FED rate cut. However the support and...

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Solana May Move Down After Pattern Completion Solana has completed a large bearish harmonic pattern near $183.30. The pattern looks solid, and given that it was created in a strong historical zone, the odds are that we may see Solana moving down as shown on the chart. This time, we have an aggressive bearish scenario, because the market is also speculating...

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GBPAUD Completes Same Harmonic Pattern Twice GBPAUD has completed a bearish harmonic pattern for the second time near a strong daily zone. This area has previously pushed the price down multiple times. Additionally, this week, the Reserve Bank of Australia (RBA) sent a hawkish message regarding its economy, supporting AUD strength. Although the impact was not...

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GOLD Price Analysis: Short-Term SELL with High Risk On the 60-minute chart, gold faced strong resistance after testing 2790 for three consequitive times. This level also corresponds to an all-time high price zone. Considering the geopolitical situation and the strong bullish trend this short-term bearish scenario comes with a high risk. However, the market...

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NZDUSD in a Clear Bearish Trend NZD/USD is moving inside a "Descending Channel" in a well-defined bearish trend. The market's focus has been on the US election results, with the anticipated Trump victory supporting USD strength throughout the month. Now that the election period is winding down, market activity is slowing. However, as long as the price...

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EURJPY Poised to Resume Upward Movement After Small Correction At the start of the new week, all JPY pairs increased significantly. The bullish wave was triggered by the Liberal Democratic Party (LDP) of Japan losing its outright majority in the lower house for the first time in 15 years. Voters punished Prime Minister Shigeru Ishiba's scandal-tainted ruling...

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GBPCHF Nearing Completion of Bearish Harmonic Pattern Today, the economic calendar was empty, yet GBP displayed unusual bullish moves. Considering that the price is near a strong zone where it has been rejected several times, the odds are that GBPCHF may move down again. If the pattern completes, the price could drop from 1.1300. However, given CHF's...

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Gold Hits New All-Time High Amid Market Speculation Gold has once again reached a new all-time high, breaking through the previous level to nearly $2758.50, dating back to October 23, 2024. Today's market movement is heavily influenced by speculation related to US JOLTS data and the upcoming NFP data release on Friday. However, this new bullish wave seems...

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EURUSD Daily Pivot Points Analysis EURUSD is trading above the Daily Pivot Point at 1.0807, favoring a bullish movement. The first resistance is near Daily R1 at 1.0833. If the bullish volume increases, EURUSD may rise to Daily R2 at 1.0853. Given that today's economic calendar is empty, EURUSD may or may not test Daily R1 at 1.0833 and could move down to the...

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JD Breaks Out from a 4-Hour Bullish Triangle Pattern... JD has broken out from a 4-hour bullish triangle pattern, with the breakout looking solid and the pattern very clear. The increase in bullish momentum comes just as JD is set to report earnings on November 15, 2024. Each quarter, JD has reported earnings above expectations, so the odds are high for...

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Russell 2000 Index: Bullish Breakout Indicates Further Growth The Russell 2000 index has completed an unusual variation of an Inverse Head & Shoulders pattern, suggesting further growth. It just broke out from the neckline of the pattern, showcasing increased bullish momentum. The broader trend remains bullish and intact. The US elections may support this...