Stuart_Cowell

Stuart_Cowell

- Following US SEC approval of spot ether ETF listing: - Ascending triangle 1HR chart pattern observed on ETHUSD. - Downside break of uptrendline indicates potential price decrease. - Upside break of resistance suggests possible price increase. - Stress the importance of applying risk management...

Stuart_Cowell

- Symmetrical triangle 1HR chart pattern spotted on GBPUSD. - Upside break of downtrendline indicates potential exchange rate increase. - Downside break of uptrendline suggests possible exchange rate decline. - Emphasize risk management. _________________________________________________________________________________ Risk Warning: Trading in CFDs is highly...

Stuart_Cowell

- Weekly ascending-triangle chart pattern spotted for USDGHS. - Signifies potential for continued exchange rate growth if resistance breakout upward remains intact. - Suggests potential for exchange rate decline if resistance breakout upward falters and uptrend reverses. - Advises the implementation of risk management...

Stuart_Cowell

- Identified a 30 minutes symmetrical triangle chart pattern for GBPUSD. - Strong potential for continued price decline if the uptrend line is breached downward. - Strong potential for further price rise if the downtrend line is breached upward. - Implement risk management...

Stuart_Cowell

- Identified resistance in 15min chart of EURGBP - Strong potential for price decline if rejection by resistance holds - Strong potential for price rise if resistance is breached upward. - Implement risk management strategies _________________________________________________________________________________ Risk Warning: Trading in CFDs is highly...

Stuart_Cowell

US Unemployment Claims Headline at 12:30 pm GMT. Downtrend line observed in EURUSD's 30-minute chart. Suggests potential uptick in exchange rate if downtrend line is breached upwards. Suggests potential decline in exchange rate if downtrend line is broken downwards. Implement risk management...

Stuart_Cowell

Triangle formation is now apparent for the dollar index (H1 Timeframe). A breakout to the upside might trigger an upward movement towards the 105. A breakout to the downside might trigger an downward movement towards the 104.4 or even at 104.10. Fundamentals: Possible high interest rate differential in the future that could cause the dollar to gain strength...

Stuart_Cowell

- The 1hour ascending triangle chart pattern for NVIDIA indicates an upward trend. - An uptrendline from $889.38 rejected the price at $917.77 after retracing from $958.58, which currently serves as resistance. - The price continued upward after the rejection and is now around $953.77. - If the uptrendline rejection holds, the price is likely to rise to the...

Stuart_Cowell

- Technical analysis of the 1hour symmetrical triangle chart pattern for BTCUSD indicates a loss of momentum in both the downtrend and uptrend movements, suggesting a higher probability of a new trend emerging. - An uptrendline drawn from $66,758.35 rejected the price at $69,101.30 after retracing from $71,972.43, with the current price around $69,973.02. - A...

Stuart_Cowell

- Technical analysis of the 1hour symmetrical triangle chart pattern for EURUSD indicates both the downtrend and uptrend are losing momentum, suggesting a high probability of a new trend emerging. - An uptrendline from 1.07659 rejected the exchange rate at 1.08427 after retracing from 1.08951, and then continued upward to the current exchange rate of 1.08574. -...

Stuart_Cowell

- The symmetrical triangle chart pattern for XAUUSD shows both the downtrendline and uptrend losing momentum, indicating a high likelihood of a new trend emerging. - An uptrendline drawn from $2351.05 rejected the price at $2375.16 after a retracement from $2394.03, continuing the uptrend to $2450.43 before retracing to the current price of $2419.54. - A...

Stuart_Cowell

- Using the 15-minute chart for CADJPY, the exchange rate has been ranging between 114.825 (resistance) and 114.191 (support). - The current exchange rate is around 114.400, following a rejection at the support level. - If the support level holds, there is a high probability that the exchange rate will move up towards the resistance. - If the resistance level...

Stuart_Cowell

Analyzing the symmetrical triangle chart pattern of NYSE:LOW , it's evident that both uptrend and downtrend movements are losing momentum, suggesting the potential formation of a new trend in the near future, with the current price hovering around $229.17. If the downtrendline, which originated from $263.15 and rejected the price at $238.15 before descending to...

Stuart_Cowell

- On the daily Ethereum chart , a downtrend has been evident since March 13, 2024. - A downtrendline from $483.91 rejected the price at $3728.48 after a retracement from $3053.92. - The downtrend continued to $2807.28 before reversing and breaking the downtrendline to the upside on May 20, 2024. - The price closed at $3498.93 and is currently around...

Stuart_Cowell

U.S. indices could correct today after the reversal to the upside yesterday. Currently in intraday consolidation. Opportunity on NASDAQ in this chart using the Fibo tool. 17,620 USD must break first, signalling a drop. __________________________ Information Regarding Important News and Figures can be found here in our Economic Calendar:...

Stuart_Cowell

The index moved to the downside rapidly since the 22nd March and a consolidation phase took place for while. It is possible that the index will retrace to 61.8 fibo level. __________________________ Information Regarding Important News and Figures can be found here in our Economic Calendar: mau.bdswiss.com/economic-calenda... Risk Warning: Trading in CFDs is...

Stuart_Cowell

Eyes on Crude oil / USOIL. this reversal that shows a rapid downward movement boosts the probability of a retracement taking place today. The target level should be near 81.15 USD/b (61.8 Fibo). Alternative scenario would be that the price breaks the support leading to the next support at 80 USD/b.

Stuart_Cowell

The dollar showed unusual strength after the FOMC event causing Gold to wipe out the gains since the FOMC news. Since the 21st of March Gold moved below the 30-period MA and remained on a downtrend until the 25th of March where it settled near the mean at 2170 USD/oz. Now it shows signals of a potential upward movement, breaking an apparent triangle formation...