The price movement has played out exactly as I anticipated in my previous analysis, with the price successfully reaching the target level. Currently, we observe that GBPUSD is consolidating after hitting a key resistance zone. On a broader scale, the market remains in an overarching bullish trend on the daily timeframe, signaling continued demand that could keep...
The XAU/USD pair has begun to lose some steam after recently marking new local highs. Currently, the price is flirting with the critical 2650 level, now acting as a pivotal support. The market appears to be entering a phase of heightened uncertainty, often referred to as the "panic zone," where traders may seek to lock in profits ahead of Federal Reserve Chair...
**AUD/JPY Faces Sharp Rejection at 100.00: Bearish Momentum Set to Test Key Support** The AUD/JPY pair recently attempted to breach the critical psychological barrier of 100.00, but this move turned out to be a classic fake breakout. After briefly touching this significant level, the market swiftly reversed, with a prominent bearish candle signaling a rejection...
The price action in GBPAUD has unfolded precisely as anticipated, reaching the target zone outlined in my previous analysis. For over a month now, this pair has been adhering to an upward trendline, respecting its boundaries with each pullback. However, recent movements suggest that this trendline is now under pressure and may be on the verge of a critical break,...
Since the onset of the Asian session, the pair has been gaining upward momentum, inching closer to the critical resistance at 1.1200. This psychological level exerts significant influence on the market, and breaking through it is likely to present a considerable challenge on the first attempt. Historically, such levels often act as formidable barriers, requiring...
From the point marked with the red arrow on the chart, we observe the beginning of what appears to be a developing pattern in GALA. The structure suggests the formation of a diametric, a rare and complex pattern, and the price is currently advancing toward completing the E wave within this structure. As long as GALA stays within the boundaries of the green range...
USD/CHF Approaches Key Inflection Point Amid Persistent Bearish Pressure The USD/CHF pair is currently navigating within a consolidation zone, reflecting a broader bearish sentiment fueled by a declining dollar index. Traders are honing in on critical levels around 0.840, which has emerged as a pivotal point of downside resistance. The price action on the daily...
Gold (XAUUSD) is currently trading within a tight consolidation range between 2670 and 2650, supported by bullish sentiment and favorable fundamental factors. The market remains on edge as crucial economic data approaches, which could either fuel a continuation of the upward trend or trigger a corrective move. The overall outlook for gold remains bullish, with...
After experiencing a massive 360% drop, RAREUSDT has nearly erased all of its previous gains, eventually hitting an interim low around the 0.12 mark. However, there are now signs of potential recovery on the technical front. At present, the price has stopped hitting fresh lows and is stabilizing in a consolidation phase with reduced volatility. The market is...
The Swiss National Bank (SNB) has just announced a 25 basis points reduction in its sight deposit rate, bringing it down to 1.0%, a move largely anticipated by market analysts. This marks a shift from the previous rate of 1.25%, but the immediate market reaction hasn’t exactly aligned with what one might expect from such a decision. Typically, a rate cut like...
The GBP/JPY pair has been gaining momentum after carving out a solid double bottom around the 184.0 mark, bolstered further by a correction in the yen, which in turn was spurred by the dollar’s unexpected reaction to the U.S. interest rate cuts. Despite this recent strength, a decline could still unfold as the pair approaches the critical resistance range of...
I hope you’re all doing well! We have some exciting news regarding ETH—there’s a strong chance of a significant price movement on the horizon. We’ve been closely monitoring the crypto pair for quite some time to ensure we identify the optimal buying zone. Currently, we believe there’s a high likelihood that the price could reach the previous higher high on both...
This is my expectation with a strong crypto exchange
In the AUD/CHF pair, we’ve seen a decisive break and close above the descending channel. On the weekly chart, a long-tailed candle has formed, signaling a robust rebound from the key support level. The market has consistently honored the 0.5600 psychological barrier, bouncing off it several times. With the bullish momentum gathered this week, I anticipate further...
Bitcoin's price action has recently demonstrated a breakout from a well-established Bullish Flag Formation, a classic continuation pattern often associated with further upward momentum. This surge comes at a time when the U.S. Dollar shows signs of fragility, intensifying market discussions about a potential rate cut by the Federal Open Market Committee (FOMC)....
DOGEUSDT is currently in a distribution phase, targeting a key resistance level at 0.11546. Both the global and local trends remain bearish, with no clear signs of a breakout just yet. However, a countertrend rally is beginning to take shape. On the 4-hour chart, a sideways range is dominating the scene. The last time this 0.11546 resistance was tested was...
Gold prices are pushing higher, defying expectations amid the strengthening U.S. dollar. Despite the dollar's growth, the precious metal continues to climb, hitting new highs with no visible resistance in sight. The geopolitical landscape is providing a strong tailwind, further fueling its upward momentum. Currently, gold is trading close to its all-time peak, as...
The Russell 2000 is closing in on the upper boundary of its structural zone around the 2276 mark, with bullish momentum pushing broader indices toward record levels. This wave of optimism could also lift the Russell 2000 to new heights. On the daily chart, the index is once again approaching the critical 2276 level. In shorter time frames, fresh bullish...