FOREXCOM:XAUUSD is breaking through resistances. Yesterday the US GDP was released, which showed weaker data than the market expected and this is favorable for the gold price. In part we were prepared for it. The TVC:DXY is breaking the pattern and retesting key support. High odds are high that the decline and weakening of the index will continue. Hence,...
FOREXCOM:GBPCAD is forming a trend change. The price is breaking the key support area and most likely the fall may continue within the channel. The Canadian is strengthening a bit stronger than the pound sterling, which is losing ground on the background of fundamental politics. On the chart we see the formation of a fresh descending channel, but the range...
Hi guys, this is my overview for ETHUSDT, feel free to check it and write your feedback in comments👊 Recently price declined to the resistance area, which coincided with $2320 resistance level, and soon broke this level and declined lower. Next, ETH fell to $2150 support level, which coincided with the support area too, and then bounced and started to trades...
FOREXCOM:XAUUSD has been standing still for a few days, as well as the TVC:DXY . The market is waiting for today's news related to GDP and unemployment. What is the difficulty in determining the future direction of the price? Let's start with the fact that since last week the Fed destroyed the adequate price behavior for the medium term. The dollar, based on...
The EURJPY currency pair may continue to fall as accumulation is forming amid the bearish trend. There is a weak flag on the downtrend, which is a set-up for further price decline. Besides, the false breakdown of resistance also indicates the market sentiment Reasons for further decline ↓ 1) range formation on the background of the dovntrend 2) resistance...
FOREXCOM:XAUUSD continues to consolidate. The market is forming a range after the shakeout, manipulation by the frs, unstable fundamental environment. Let's get to the bottom of what's going on. The price is testing strong resistance on D1, but on the local timeframe both gold and TVC:DXY are in consolidation. Technically, the dollar is showing hints of...
FOREXCOM:EURCAD is forming a standard bearish setup on the background of the forming downtrend, as the Canadian is getting stronger than the Euro and thus changing the market direction. On D1 we can see that in general the currency pair is in a global range and it is impossible to identify any key trend, so it is acceptable to trade both buying and selling...
BINANCE:LPTUSDT is moving into the phase of realizing the accumulated potential. Against the background of stalled BTC, LPT / TetherUS looks confident enough to continue its growth after breaking through resistance. The cryptocurrency market is quite active lately. Overall capitalization, flagship, altcoins are warming up after a prolonged winter. Prices are...
Hey guys, currently NYSE:MOS has formed a great larger degree impulse that was then followed by a deep side ways corrective structure which indicates bullish trend continuation. We then have lower degree impulse breaking out of the larger degree trend line followed by potentially a Running Flat or an Expanding Flat which also signals more bullish trend...
-With increasing buying pressure, the price of gold was able to pass the resistance area (2038) upwards. -Currently, the price has hit the next resistance level, which has also reacted to this area. -My idea for the continuation of the trend is that this resistance zone will prevent the further growth of the gold price and this accumulation of liquidity will...
FOREXCOM:XAUUSD remains within consolidation for several days. The market stands still due to the uncertain fundamental environment. The CAPITALCOM:DXY stands in a narrow consolidation, but at the same time forms an ascending triangle, which can be interpreted as bullish consolidation, pushing the price to resistance with the aim of breaking the limit...
BINANCE:ICPUSDT has finally overcome the resistance of the bearish trend. The coin has a potential for growth. The target could be a 75% rise. On w1 we can see that the coin is still weaker than the cryptocurrency market and is currently showing the prerequisites in which the price can start a rally to catch up with the missed potential. A breakdown of MA-50...
FOREXCOM:GBPUSD on the back of Powell's loyal speech regarding further rate cuts, but which he has now left unchanged, and also on the back of inflation, which is falling much slower than he would like, is strengthening and updating the high to 1.279 . On D1 we see how the price reacted to the news that came out on Wednesday. Price tests the MA-200 on...
FOREXCOM:XAUUSD on Friday, after the words of Williams (Fed) falls under the sell-off and tests the low of 2015.6. At the moment, the market is calm and forming a correction after a false breakdown of support. For the TVC:DXY , a relatively bullish fundamental backdrop was restored on Friday. In all likelihood, the correction may be followed by a recovery...
The currency pair is forming a correction after a false break of the ascending channel resistance. The way is open to reach the lower boundary of the channel. The fundamental background is favorable for the decline, as the news strengthens the dollar, which affects the pound sterling. Suggested decline ↓: 1) false break of channel resistance 2) false break of...
FOREXCOM:XAUUSD is under selling pressure amid the global bull market. Earlier, the price updated the high to 2150, after which it formed a rather strong conglomerate of bearish patterns. Last trading week, the market rattled everyone's nerves. And the reason for that was the incompetence of the Fed as a structure that has a huge influence on the market. The...
ICE: FX_IDC:EURUSD in another world! If this happens, it will be very interesting as the euro exchange rate appears in a standard pattern of narrowing the fluctuation range.