The inverse head and shoulders pattern is a widely recognized bullish reversal pattern in technical analysis. For ADA/USDT on the chart, this pattern could indicate a potential trend reversal from a downtrend to an uptrend. The pattern typically consists of three troughs, with the middle one (the head) being the lowest, and the two others (the shoulders) at a...
On the weekly time frame, The GBPUSD price reached a resistance level (1.32988 - 1.31804). Let's expect the bullish scenario: If the market breaks and closes above the resistance level, We will see a bullish move📈 _______________ TARGET: 1.35530🎯
The GBP/USD pair found support near the 1.3150 area on Thursday, temporarily halting the correction from the recent high of 1.3300, the highest level since March 2022. The 4-hour RSI remains close to 70, suggesting that the pair could enter overbought territory in the short term if it continues to rise. The bullish sentiment for GBP/USD has been supported by...
BINANCE:ETHUSDT has been in a consolidation phase since the beginning of this month, by forming higher lows, which suggests buying pressure. On the weekly timeframe, the formation of a double bottom is a strong indication of a potential reversal. While I believe the market may consolidate a bit more before start of the bullish trend, it’s also likely to establish...
What will happen in couple off days with these 'positive' rate cut? Don't open before confirmation for uptrend! NFA
FX:AUDUSD seems to me that it has shown an exhaustion move. With the USD increasing in value, I would like to see AUD drop, possibly giving a 10:1RR if all goes to plan, this will be an excellent short. what are your thoughts? (always look for confirmation first)
USDJPY BUY OPPORTUNITY AT FOMC NIGHT The inside bar breakthrough upward, and form a demand zone at 4H. Therefore, tend to buy USDJPY around 140.8 at FOMC night SL: Below 139.53 TP1: 143.72 TP2: 145.6
⭐️ Smart investment, Strong finance ⭐️ GOLDEN INFORMATION: Gold prices (XAU/USD) found support from buyers during the Asian session on Wednesday, halting the previous day's pullback near record highs. Expectations of aggressive rate cuts by the Federal Reserve have kept the US Dollar from fully recovering, helping to support gold prices. Additionally, concerns...
🟢Pair Name : USD/CHF Time Frame : 4hrs Chart / Close Scale Type : Large Scale ------ spreading knowledge among us and to clarify the most importan+t points of entry, exit and entry with more than 5 reasons We seek to spread understanding rather than make money 🟢Key Technical / Direction ( Long ) Type : Mid Term Swing ——————————— ✅Bullish Break Out 0.85000...
This will have a comeback, nothing ever goes as planned in crypto. People expect this to just go to 0. What if I told you it pumps at least 25% from here? I'm in.
Hello traders, I want share with you my opinion about Euro. Looking at the chart, we can see how the price entered to downward wedge, where it at once rebounded from the resistance line, which is located in the seller zone, and started to decline. In a short time price fell to the support line of the wedge, and then tried to grow, but failed and continued to...
As can be seen on the chart, the pair is now engaged with the important resistance of the $1.2 area. If the pair crosses this important resistance area and stabilizes above this area, we expect it to move towards its next target at the price of $1.95. By examining the chart on the daily time frame, we can identify some important support and resistance areas for...
GBPUSD: BOE and Its Impact on GBPUSD The Bank of England (BOE) is set to hold its interest rate at 5.0% on Thursday. The United Kingdom’s annual inflation remained stable at 2.2% in August. The BOE announcement is expected to create high price volatility in GBP pairs. The BOE is widely expected to keep rates unchanged at 5% in today’s policy meeting. In...
I see a potential sell in this point. The price didn't reaches new maxim.
Fed Cuts Interest Rates by 0.5% As we have frequently noted, a rate cut by the Federal Reserve seemed inevitable. Market participants debated whether the reduction would be 0.5% or 0.25%, and those predicting a 0.5% cut were proven correct. According to Bloomberg, a narrow majority of 10 out of 19 committee members supported the 50-basis-point cut. Seven...
Go through the analysis carefully, and do trade accordingly. Immediate resistance- 2585-2587 Immediate support- 2570-73 decent support- 2559-2562 strong support area- 2530-35 Potential resistance- 2595-2597 Anup 'BIAS for the week (16-20 Sept-2024) Current price- 2579 "if Price stays below 2600, then next target is 2564, 2552 and 2540 and above that 2605,...
Chair Powell went out and did it yesterday as the Fed didn't just cut the Interest Rates yesterday for the first time since March 2020, but did so by -0.50%, giving the market what it so desperately wanted. The question now on everyone's mind is this: is this what the market needed to extend the 2023 - 2024 rally? Fundamentally of course the cuts is a strong...
Current Price: 141.683 Currency Pair: USDJPY Time Frame : 1H This USD/JPY 1-hour chart shows a clear Inverse Head and Shoulders pattern, indicating a potential bullish reversal. The neckline at 141.014 has been broken, and price is now in a retest zone. A successful bounce from this area could drive the price toward the next target at 143.724, aligning...