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EUR/USD:SELL From Resistance Area For A SHORT SetupEUR/USD has lost its bullish momentum and retreated to the 1.0650 area after registering modest gains on Thursday. In the absence of high-impact macroeconomic data releases, investors are unlikely to commit to large positions on the last trading day of the year. Hence, EUR/USD should continue to fluctuate in its weekly range. The positive shift witnessed in the risk mood on Thursday made it difficult for the US Dollar to find demand and helped EUR/USD push higher. Bargain shopping ahead of the New Year holiday may have triggered the rally in Wall Street's main indexes as there were no apparent fundamental drivers that could have impacted the sentiment significantly. The price is still inside a bullish channel where a Divergence on the stochastic, in confluence with a resistance area can give the bearish impulse that we are looking for.
Short
by FOREXN1
6
SILVER:SELL From Resistance Level For A SHORT SetupSilver in the lower timeframe makes a Double Top where the price today can have a retest of 23.800 before a new bearish impulse. In the Higher timeframe, the price is struggling in the dynamic trendline where the price in the past had a rejection and pullback in the direction of the main trend, the downtrend. In our analysis, the price is approaching the overbought area on the stochastic indicator and our forecast is about a new bearish impulse.
OANDA:XAGUSDShort
by FOREXN1
6
GOLD:SELL Price In Divergence After $1,835 Spike SHORT SetupGOLD After the last bullish impulse the price is trying to mitigate again the value. The precious metal has been trading lower on Tuesday, giving away gains after a spike high to $1,835 seen on Tuesday. The moderately positive market mood, triggered by news that China is scrapping quarantine for inbound travelers has lifted the market mood in an otherwise quiet post-Christmas market. In the chart, we can see a Divergence and the price may have a new Bearish impulse.
OANDA:XAUUSDShort
by FOREXN1
15
TONUSDT Analyst in Daily 💠Hi guys 🌟 Most of the big companies, institutions or organizations try to launch their own coin or blockchain network. The popular messenger Telegram is no exception to this rule, Telegram's exclusive coin (Telegram) has shown a very good trend in this bearish market. This coin has been released under the name of Ton (TON). The site Cointelegraph has chosen this coin as the top 5 cryptocurrencies of 2022. TON cryptocurrency performance in 2022 Rate of return: negative 30.5% Department of activity: smart contract Current market cap: $3.52 billion Technical analysis of TON cryptocurrency in daily time frame Currently, as can be seen in the chart, this cryptocurrency continues its upward trend. Because the current price is bullish as long as it is above the previous pivot point ($1.8 level). Is this 30% drop of TON cryptocurrency a price correction or the beginning of a downward trend? In the following, we will answer this question with several technical points. The price of this cryptocurrency has now entered a corrective phase after a Sharpie rise to the $2.9 level, as you can see, the price has reacted to the 0.5 ($2) Fibonacci line. But the selling pressure is so high that the price is expected to choose lower levels for a range move (neutral) or a retracement move. Note: The 0.6 Fibonacci line is located at the $1.8 level, and the POC line in the Fixed Range Volume Profile utility also shows the $1.8 level as a high trading level. The level of $1.8 is also a trading node, the sellers who entered the position (Sell) at higher levels have chosen this level as their target. Therefore, according to the above point, if TON cryptocurrency does not have the ability to form return patterns at the level of $1.8 and the price breaks this support level downwards. We can say that it has entered a downward trend and this price drop is no longer in a corrective phase. If the above scenario does not happen, the price is expected to react to the targets of $2.4, $2.6, and $2.9. Supports: $2, $1.8, $1.5, $1.2 Resistances: $2.4, $2.6, $2.9
by arztoday