In several of my previous analyses, I mentioned the state of the Forex market due to geopolitical tensions . As a result, we are witnessing an increase in safe-haven currencies like USD compared to riskier currencies such as AUD and NZD. Therefore, by following proper risk management principles, you can open short positions on this currency pair. Additionally,...
with a formation of double top we expect a correcion towards the support zone . Feel free to comment , like and follow fore more ideas and free signals.
This currency pair is moving well within the channel across different time frames. A descending channel and Elliott waves have been drawn, and we are predicting the completion of wave B. Feel free to comment , like and follow for more ideas and free signals.
Due to geopolitical tensions, we expect market sentiment to shift towards risk-off, leading safe-haven currencies like JPY to appreciate more against riskier currencies such as NZD.
After the release of strong employment data from Australia, the AUD/JPY currency pair increased by more than 100 dollars. Considering the interest rate differential between the two countries and the lack of further rate hikes in Japan, the likelihood of the first scenario is higher. The second scenario is more likely if the market becomes risk off, leading to the...
The Fibonacci channel has been drawn, and Elliott waves can be observed on the chart. Currently, the price is in the fifth Elliott wave. We have two scenarios for the future of gold: 1)The first scenario is a bullish scenario. Given the geopolitical tensions and conflicts between Israel, Iran, and Lebanon, as well as China's threats against Taiwan, which have...
#BTC has started an uptrend since 16oct2023 (30 weeks ago) and then reached an all-time high in 2024, as values exceeded over 73,000 USD in March 2024 . when Israel bombed Iran's consulate , tensions escalated and risky assets like BTC dropped , on the other hand safe assets like gold rose . after that , BTC retraced and found support the 38.2 Fibo level ( while...
We see a head and shoulders pattern so I'm waiting for price action to move lower than the neckline.
FUNDAMENTAL : RBA took foot off rate hike pedal , and ECB has been hawkish since lagard speaks. TECHNICAL : I expect to retreat price from 38.2 to 50 fibo retracement and rise. . so I'm LONG on EURAUD please FOLLOW , LIKE , COMMENT
jobs report released today and it was stronger-than-expected . Wall Street is currently pricing in a 60% chance of a 75-basis point rate hike at September’s Fed meeting. so 3 or 3.25 interet rate will not be such a good situation for cryptocurrency . As a potential trade setups , we consider BTCUSDT sell opportunities on a stronger job reports and higher interest rate .
-on the 4h timeframe , we have a falling wedge and a divergence between price and RSI -so we expect market to breakout this pattern -for more ideas , PLZ "LIKE" and "FOLLOW"
-GBPCHF has been bearish since 5 April (500 days) -We can clearly see how price reacted to FIBO channel levels. -So now if 2 lvl of FIBO channel break down , it will go down to 2.618 lvl of FIBO channel.
because of : 1- FOMC meeting and increasing interest rate 2- bearish trend in 7 month 3- divegence in volume I believe in a drop in price to AT LEAST 30k .
we see price how reacts to Fibo channels and now it is in a bullish channel . TP1 is shown at chart and TP2 will be Num.2 of Fibo channel .
if price confirm above trendline , price will rise
everything is clear on the chart , I used FIB Channel to show how market reacts on FIB numbers and it was amazing ! See Num 1 . Num 2 . Num 3 , when price reached to these numbers had a correction and then rised to after level of FIB Channel . 3.618 and 5.618 are very important in this channel because price reacted different times at this zone . finally we have 2...