The EUR/USD pair is exhibiting a bearish trend due to several converging factors: Divergent Monetary Policies: The U.S. Federal Reserve's hawkish stance contrasts with the European Central Bank's (ECB) inclination towards monetary easing. The ECB has signaled potential interest rate cuts to stimulate the eurozone economy, which could weaken the euro. Economic...
Why the Dollar Index is Likely to Rise in the Near Term: The U.S. Dollar Index (DXY) is poised for potential gains in the near term, driven by a combination of factors: Strong U.S. Economic Data: Recent economic reports show resilient U.S. growth, with solid GDP numbers and strong labor market data supporting the dollar’s upward trajectory. Fed's Hawkish...
Brent Crude Oil has been consolidating for months, forming a strong base of support. Recently, we’re seeing a push to the upside, signaling the potential start of a new bullish trend. Additionally, the ongoing sanctions on Russian oil by the USA could significantly cut down supply, creating upward pressure on prices. With this momentum and geopolitical factors in...
EUR/GBP has been trading within a long-term range since 2016, and it’s currently sitting on a strong support level. Historically, this zone has acted as a launching point for price to move back toward the upper range. I believe the pair is entering a new cycle and will likely resume its move to the upside. The current support suggests renewed buying pressure, and...
Silver is currently in a demand zone and has reacted to it with a bullish engulfing candlestick, signaling buying pressure originating from that zone.
Gold is in a long-term bullish trajectory; however, we expect a short-term pullback before the continuation.
Platinum has formed an ascending channel and is currently reacting to a demand zone. I expect the price to rise in the near future toward the next supply zone.
We have a downward channel on EUR/USD and a break of the smaller channel. I see the price heading down to the bottom of the channel in the near future.
GBP/JPY is in a range and currently at support. We expect the price to rise in the long run.
MY bias is to the downside for this pair in the long time. The US Dollar looks like it will be gaining strength in the near future. Share your thoughts in the comments section.
Hi traders. I share the same sentiments for Nasdaq as I did with US 30. They both look bearish. share your thoughts down below in the comments sections. Thank you.
Hello traders. US 30 looks bearish technically. It looks like we have a lot of bears pushing the price downward. what do you think? share your thoughts in the comments section.
EURUSD Looks to the downside. Im looking for a drop to the downside Share your thoughts down below
USDZAR Looks to the upside, im looking for longs to the 16.00s in a longer term Share your thoughts down below
Gold looks bearish. I'm expecting a break of that channel then a drop to the 1700s share your thoughts down below.
US100 is bearish. Im looking for it to sell all the way down. share your thoughts down below
US30 looks bearish. I'm looking for it to sell all the way down share your thoughts down below.
bitcoin still looks bearish based on the market structure, we are still having a bearish trend recording lower lows and lower highs Share your thoughts down below.