Hello, traders, Seeing a lot of Bitcoin bulls as of recent, and it seems that we are in the last leg of this broad consolidation, or are we? I am not so fond of "looking bullish vs I want to buy the next dip". Generally when you are hearing, ohhh I will buy the next pullback, it is a sign that the boat has left shore. So what is the chart telling us? I...
Bro, it's time to short gold Gold is now at the top of the supercycle (channel) of the monthly and weekly time frames. It seems that this is the last impulse of gold, the big crash will start in October, Sales area :2600-2660 First target :2475 Second target :2232 Final goal :2073 * Looking at RSI oversold, we see a divergence in gold (bad news for gold...
Hello, traders, GBP/USD stabilized after yesterday's weakness as sentiment rebounded. The pound may struggle to move further higher as investors' attention turns to next month's budget and the Bank of England's interest rate decision a few days later. GBP/USD has been trending upwards since the end of April, forming a series of higher highs and higher lows....
As long as the price remains below $71.78, it is expected to stay within the bearish zone, with a potential decline of $68.80. However, a break above $71.78 would signal a bullish shift towards $72.72 and potentially $75.00. Key Levels: Pivot Point: 71.35 Support Levels: 70.60, 68.80, 67.70 Resistance Levels: 72.72, 74.25, 75.35 Expected Trading Range: 71.80 -...
AUDUSD TODAY broke and closed above the psychological level of 0.6800. As observed, it has established a range zone above this level. Given the overall bullish trend, I believe there is a good chance that the market will continue its upward movement. Currently, the market is testing the weekly level, and it may remain within this range for a while. I anticipate...
Technical analysis: Support: $64,200 - $64,300 Resistance: $64,576.51 If Bitcoin holds above the support range, it could break through resistance and rise towards $65,200. Trading strategy: Wait for a breakout above $64,576.51 and enter long with a target of $65,200. Buy near support at $64,200 - $64,300 and sell around $64,500 - $64,600. Stop loss: Set a stop...
Our idea for EURUSD is a long after the price has fallen to our PBA (Pull Back Area). With DXY showing weakness we do believe that EURUSD could rise to our target 1.11674 . Our SL is set at 1.10751. In second scenario, we could see EURUSD make a deeper pullback down to 1.10500 which could be the second entry. Targets remain the same while SL would...
Technical analysis: Currently, gold has successfully held its ground above the 2660 mark, indicating bullish strength. The range of 2628-2630 now serves as a solid support level following today's highs continuously breaking new records. Therefore, it is advisable not to attempt short-selling at this stage since there seems to be no definitive market top...