Hi All! 📉 USDCF: Correction in Progress, Expecting a Drop On the 8H chart of USDCF (Sep 27, 2024 – Jan 13, 2025), a five-wave impulse may have formed, followed by a correction. 🔹 Wave A has already formed. 🔹 Wave B nearly reached the local high but didn’t break it. 🔹 A pin bar appeared on the daily chart yesterday, strengthening the probability of a...
Hello everyone! 📈 US500: Potential Growth After ABC Zigzag Formation On the hourly chart of the US500 index, a possible ABC zigzag has formed, where waves A and C are equal. The RSI indicator has reversed from the oversold zone, confirming the likelihood of an upward move. 🔹 Target levels for profit-taking: ✅ 6050 ✅ 6140 🎯 Potential growth target —...
Hi All! A day off is a good time for reflection. Oil Price Outlook: Potential Fifth Wave Impulse Up There is a high probability that oil prices, having broken through the upper boundary of the regression channel, may continue their upward movement with a target in the 81.20–84.00 range. This could be the fifth wave of an upward impulse. Wave Structure...
🔥 Friends, the market is heating up! Bears have pushed oil down to a key support level – $72 per barrel. This is the last point where wave (5) of the impulse could start forming. 📉 Bearish scenario: A break below this level could send oil to new yearly lows. 🐂 Bullish scenario: We see a bullish divergence on the H1 chart, and the price is testing the upper...
Hello everyone! 👋 On the long-term chart of the GBP/JPY pair, a bearish triangle 📉 is likely forming, which takes the place of wave (B) of a simple zigzag. If this assumption is correct, we can expect a medium-term strengthening of the yen 💴 against the British pound 💷, down to the support level of 179 and further into the 170 area. The invalidation level for...
Hello everyone! The USD/JPY pair failed to hold above the support level of 155.00, which suggests an increase in dollar selling within this pair. Our target is 151.50–152.00, with a possible further decline toward the key support level of 150.00.
Hi All! Gold might take another shot at testing its all-time high—because why not? We could see the formation of a fifth-wave impulse with a broad target range of 2780–2792. However, if it breaks below 2750, gold may head down to test the 2720 support level. Let’s not forget—today is the Fed meeting, and Jerome is about to give the markets a reason to move....
Hi All! On the four-hour timeframe, we can see a well-formed five-wave impulse like a perfectly baked croissant, crisp and structured. Right now, a correction is unfolding, most likely aiming for the 1.035–1.030 zone. That’s where we might consider grabbing some euros, with a target of 1.06 and, if the market is feeling generous, an extended target of 1.07....
Hello everyone! The price of oil has been trading within a descending parallel channel for several days, with the bulls holding the support level at 78.50. If the price breaks through the upper boundary of the channel, the bulls might attempt to push it towards the next resistance level at 84.00 for Brent. Considering the impact of news on oil prices, I...
Hello everyone! There is a high likelihood that gold may decline from its current level. The 2800 mark is a historical high and a critical level. Will the bulls be able to break through it immediately? From a long-term wave perspective, the price of gold may currently be in corrective wave 4, which is likely not yet complete, as the time targets have not been...
Hello everyone! We continue trading gold. However, I think it’s time to prepare for selling. Today, gold is near its historical high, and I don’t think the bulls will be able to push through in the upcoming sessions. After breaking through the strong resistance level of 2720, gold has gained more than 2.5% over just a few sessions. At the same time, trading...
Hello everyone! If the EUR/USD pair holds the 1.033 level, there is a high probability that euro bulls will attempt to push the pair toward the next resistance levels of 1.056 and 1.068. In the opposite scenario, the pair is likely to continue moving toward parity. However, at the moment, going long looks more appealing.
Hello everyone! On January 24, the Bank of Japan will make its decision on the key interest rate—will they finally raise it, or hit the snooze button again? Either way, the USD/JPY pair looks like a solid short opportunity. Main target - 148,80 & intermediate target - 157,90 P.S. Blue count is main Maroon count is alternative
Hello All! The GBP/USD pair is clinging to 1.23 like a cat to a warm laptop. If nothing shakes it loose, there’s a high chance it will crawl up to the 1.239–1.244 area. But don’t get too excited—this is where the pair will face a veteran resistance level, the 200-period moving average on the 4-hour chart, and the upper boundary of the H4 downtrend. In other...
Hello everyone! There is a high probability that the dollar rally has come to an end. It appears that the impulse, which could have formed wave ((C)) within a flat correction, has possibly completed. This flat correction, in turn, may be wave b of a presumed zigzag. If this is the case, there is a high likelihood of the dollar declining to the level of 95.50,...
Hello everyone! Gold is on a mission today! During the Asian session, it smashed through the 2725 resistance level like a wrecking ball. If this level holds and decides to play nice as support, we could see gold climbing its way to the all-time high of 2790—because why not aim for the stars? Along the way, it might pause for a quick coffee break at the...