On the daily timeframe we have a sideways market. The bearish vector 5-6 has been played out. After the price interacts with the level of 3200 and the buyer’s strength shows, we can consider long positions with a target of 3722.
The Euro is predicted to encounter resistance levels early at its highest point of 1.0981, followed by 1.0936. However, looking at the chart, it is observed that the EMA 34 has crossed below the EMA 89, indicating a downward trend in the Euro and the likelihood of breaking through the support zone at 1.08031 and heading straight downward.
From a technical standpoint, the price of gold has experienced a period of stability and upward movement over the past two weeks. This indicates that the price oscillation range is still holding within the area of resistance turned support, with prospects for a breakout to the upside. On the other hand, recent downward adjustments have found support around the...
"Hello BTCUSDT Traders, Today, Bitcoin is carving out a resistance level at the $52,000 USD/BTC mark amid the latest U.S. macroeconomic data falling short of expectations. According to analyses from TradingView, BTC's price action has stagnated during the last week's trading session and into the start of this week, showcasing a sideways movement. For this week,...
Hello dear friends, what do you think about BTCUSDT! Today continues to be a peaceful day for BTC as it still moves with a sideways trend and seems unchanged in price compared to yesterday. It is currently accumulating around nearly 43,000 USD to prepare for a new breakthrough. Any break of support or resistance could accelerate a new trend for BTCUSDT. And...
Hello dear friends! The price of gold has decreased by nearly 15 USD since the last closing of trading, marking a 0.74% decline for the day. Currently, this precious metal is in a state of uncertainty as investors try to predict the next move of the Federal Reserve. For short-term trades, gold still leans towards a price decrease, based on the reversal signals...
Hello dear friends ! Gold price today is trading around 2040 USD and has not changed much compared to yesterday. Up to now, the main trend of gold is still down with sideways in the short and medium term with resistance level 2050 USD and support level 2030 USD. At the end of the day when non-farm payrolls are announced, gold is likely to fluctuate more quickly...
USOIL-USD is moving sideways in a non-trending market. In this technical analysis , two trade plans are suggested in case of bullish or bearish movement of this commodity instrument over one hour time frame. Both Long and Short Trade plans are generated from the various Support and Resistance Levels of USOIL-USD pair.
This week the oil price is moving in the range of $82.50-$87.00, and we need a break above or below for a potential future trend. By setting the Fibonacci on the chart, we see that the oil price movement is between 38.2% and 61.8% of the level.
I think the dollar will go out of range this week The blue range is from last week There are three lower ranges and two higher ranges which one ????
A Bearish Gartley Pattern set up on the range bar chart could be a great trading idea when the market is chopping on the 1-hourly chart. With that said, you need to know at which point is safer to engage, because you don't want to get whipsaw and got stop out.
Cadchf is still moving sideways so doing a relaxed strategy is best where to buy low and sell high. this will continue. for now there is quite interesting potential buying area 0.7207 - 0.7232 selling area 0.728- 0.73
I think Matic needs a little rest and it's hard to keep up. Polygon's next move is related to BTC: If Bitcoin does not breash, I'm almost certain that we will see new ATHs, and that will be exciting :)
EURUSD has been moving within the Sideway range of 1.16173-1.16642 since Oct 19 Located at the key support of the range at 1.16173-1.16242 Relative Strength Index tends to drop below 50 but the H4 candle is not over yet In case of a sharp drop, the pair will go up to 1.15784 In case of recovery, the pair will drop to 1.16567.
H1 time frame. Structure: Sideway. After the price surged and broke the sideway structure at 1804, there was no confirmation of the uptrend but the price retraced deeply to the 61.8 zone of the up move. Back to the Sideway zone and there is no clear confirmation of the current trend. Need to wait for another break out of the sideway and retest to confirm the trend...
BNB seems to be going sideway/ slightly uptrend between 405-440. It failed to break above EMA100 so that is still our resistance for now (but once broken the uptrend will be strong). Most recent prices are above EMA30 which is a confirmation of the uptrend, in addition to higher highs/ lows. I would wait for MFI to be below 25 and place my long entry as long as...
H4 Time Frame Structure: Breakout Sideway from 1790 to 1820. Bias: Upside. Wait for retest support 1820 and confirmation of Price Action to execute buy order. Target is next resistance at 1850-1860. ------------------------------------------------------------------------- Wish you all have a good trading day!
The price is placed in a triangle pattern and if it crosses the triangle and the marked yellow lines, it becomes a position long or short .The triangle pattern is a corrective pattern and the reason for its formation is the existence of ambiguity in the market and sometimes it can move in the opposite direction of the previous trend. So we wait for the triangle...