The euro is susceptible to fluctuations in energy prices, while the Canadian dollar stands to gain from them. Any developments concerning the conflicts in the Middle East or Ukraine, as well as increased tensions in these regions, could potentially lead to a bearish sentiment for EUR/CAD. However, I believe that the market's reaction to previous events, such as...
Traders, Here's our analysis across different timeframes: Daily Chart: Strong bearish sentiment prevails, supported by a bearish channel formation, signaling potential long-term bearish trajectory. 4-Hour Chart: Consider the high of last week as a prime level for short positions. However, be prepared to switch to a bullish outlook if this level is...
Traders, Keep a close eye on the Revised UoM Consumer Sentiment release, as any bearish surprises could sway market sentiment, particularly favoring a stronger dollar. Adjust or remove orders accordingly based on the outcome. Here's a breakdown of our analysis: Daily Chart: We maintain a bullish outlook, having responded positively to the bottom of the...
Traders, We foresee a bearish trajectory for EUR/USD, based on the following observations: Bearish LR Channel: The top of a bearish LR channel, coupled with a STDEV of 2, aligns closely with the current price level. Cluster of Weekly Pivots: Notable cluster of weekly pivots is evident on the 4-hour chart, indicating significant levels to watch. Daily Chart...
Traders, In our assessment of gold, we've identified crucial zones that warrant close attention: Strong Reaction Zones: Anticipate significant market reactions at these levels. Initial Take Profit (TP): The first TP may represent a relatively weaker point. Trend Change Potential: Breaking above the top zone or below the lower zone has the potential to alter the...
Traders, In our analysis of EUR/USD, we're eyeing key reversal and pivot points for potential trading opportunities: Short entry point: 1.0725 First long zone: 1.0686 Second long zone: 1.0649 In light of the Daily chart analysis, although our long-term bias remains bearish, we anticipate the possibility of a bearish day, or at least a ranging day, today or...
Traders, D: 4h: Our strategy for this pair involves positioning our orders strategically below the liquidity hunt. By placing our orders in this manner, we aim to capitalize on potential market movements following the liquidity hunt, maximizing our chances of entering favorable positions. As we await the release of Canadian Retail Sales data, it's crucial...
The next significant event on the horizon is the release of USA Gross Domestic Product (GDP) data. While this announcement has the potential to influence market direction, I anticipate it may not yield significant changes. However, it's essential to remain vigilant and stay updated for any developments following the release. Stay tuned for further updates as the...
Hello traders, As we approach tomorrow's release of CPI data for both GBP and EUR, it's likely that the markets will adopt a wait-and-see approach until then. Considering the longer-term perspective, GBP appears to be oversold within a bearish channel. As such, it's advisable to avoid short-term trades with high risk exposure. Keep an eye on the yellow trend...
Traders, Please note that this analysis is only valid until ECB President Christine Lagarde speaks. Any surprises in her speech could potentially alter the market direction. Stay tuned for updates following Lagarde's remarks, and remain adaptable to evolving market conditions. Best regards,
Traders, NOTE Don't forget about LTF confirmations, The CPI data has been announced at 3.2%, marking a 0.1% surprise. This development adds a layer of significance to the current market dynamics. In addition to the previously highlighted zones, such as the area around 1.246, it's essential to keep an eye on the EMA50. This moving average could serve as another...
Greetings Traders, Key Levels Around 1.0700: Today's R1, Previous Day's S1, March S1, and a strong reversal point all converge around 1.0700, indicating significant levels to monitor. Yellow Bullish Channel: It's imperative to watch for any breaks below the yellow bullish channel, as this could invalidate our current analysis. Take Profit Targets: TPs are set...
Traders, Here's a breakdown of the current TSLA scenario: Potential Support Weakness: While we're approaching a potential support level, it's crucial to note that this support may not be robust enough. Additionally, we're edging closer to a more formidable and authentic resistance level. Break of Monthly S1: The breach of Monthly S1 was notable, and we...
Traders, Expanding on our EUR/USD analysis, I've integrated two distinct setups: Significant Support: Daily chart analysis reveals robust support levels. Bearish Trend: The LR channel indicates a prevailing bearish trend. Key Shorting Zone: A notable cluster formed by the Weekly Pivot and Last Week's POC presents an excellent opportunity to consider short...
Traders, Here's a strategic approach for XAU/USD: Triangle Breakout: The triangle pattern has been breached, and many anticipate further bearish movements. Potential Profit Opportunity: Despite the bearish sentiment, there might be an opportunity to capitalize on additional profits by being prepared to leverage reversals. Stay Updated: Remain vigilant for our...
If it could keep over the VAH in the next few days! I will buy some CELR! Our 1st TP would be previous VAH of a bearish move.
Greeting Traders, in Daily chart a bearish channel is obvious! The same thing, but bullish, could be seen in 1h I think price while regarding the long-term analysis we are bearish, we could take small profits out of a correction. Just remember this trade is a little more riskier than others. Take less risk than your normal risk. Best regards,
Greetings Traders, Bullish Channel: We're currently observing a bullish channel, with the price nearing its ceiling. Key Levels: Pay attention to the concise of this month's R1, which has been broken, and the VAH of volume profile. These levels are pivotal for longer-term long positions and suggest refraining from short-term shorts. Temporary Weak Bearish...