EURGBP - Anticipating the BOE Decision A few days ago, I posted an analysis on EURGBP, highlighting a strong support zone. Today, we are looking at one of the most significant events of the week: the Bank of England's (BOE) interest rate decision. The BOE is expected to cut rates by 25 basis points, bringing them down to 4.50%. Currently, the market is reacting...
GBPAUD: Bearish Harmonic Pattern Signals Potential Downtrend Starting from mid-December 2024, the price completed a bearish harmonic pattern and immediately initiated a bearish trend. The top of the pattern was reached near 2.0300, followed by a bearish wave of approximately 700 pips, bringing the lowest price near 1.9600. Currently, GBPAUD has undergone an...
EUR/GBP Testing a Key Support Zone with Possible Retest of 0.8400 EUR/GBP is currently testing a key support zone, and a retest of 0.8400 is possible. The pair previously tested a strong resistance zone near 0.8300 and bounced back up. This area has been tested multiple times in the past, demonstrating the presence of well-positioned buyers who are reluctant...
Gold: Potential Reversal Zone - Selling Carries High Risk From our yesterday's analysis, GOLD moved only up. Overall it was without any strong reason and it has days that continue to perform in this way. Given that the current situation is not like 2 or 3 months ago in the Middle East and across all countries this strength is just strange. All websites are...
USDCAD Range Trading: Key Support and Resistance Levels In the daily chart, USDCAD is developing a large range trading pattern, where the price has been oscillating within this range for the past 50 days. The current support zone has been tested multiple times, leading to subsequent upward movements. Despite recent price weakness, it is possible that the...
US500 Faces Strong Resistance Near 6040 The US500 has encountered a strong resistance zone near 6040. While fears related to President Trump's decisions have temporarily subsided, it remains evident that any further steps he takes could significantly impact the stock market. For the time being US500 found a strong resistance zone near 6040 and it can move...
Shiba Inu announced a partnership with the UAE's government Yesterday, Shiba Inu announced a partnership with the UAE's government to drive digital transformation across energy and infrastructure. The partnership marks the first time a world government is integrating blockchain at a federal level, claims the Shiba Inu team. Despite prevailing market...
Gold: Bullish Momentum Remains, But Caution is Advised The bullish momentum for gold remains intact, but we must exercise caution. In the gold analysis I explained yesterday, we can see that gold has already reached two of our targets: 2830 and 2836. The 2830 level was reached twice. The price is currently testing a very strong zone near 2836 - 2844, which also...
USD/CHF Opens with Bullish Gap Amidst New Tariffs Earlier today, USD/CHF opened with a bullish gap, indicating strong bullish momentum driven by new tax reforms imposed by President Trump on Canada, Mexico, and China. However, these three countries are expected to take further steps in this ongoing economic conflict. The market has likely absorbed the news, and...
Gold's Bullish Outlook Amidst Market Uncertainty Gold currently shows a bullish outlook, but caution is advised given the current market conditions. President Trump's decisions have been causing fluctuations in gold prices, but the overall market remains unclear. Market participants believe that the current situation may accelerate further as long as gold...
BTC: Crypto Market Faces Major Crash Amidst USD Strength During the night, the entire cryptocurrency market experienced a significant crash, driven by the strengthening US Dollar (USD). The new tariffs imposed by President Trump on Canada, Mexico, and China have bolstered the USD, leading to aggressive movements across all markets. Bitcoin (BTC) has completed a...
XRP in Overbought Conditions: Just Be Careful XRP is nearing the completion of a bearish harmonic pattern. I am sharing this analysis as a warning that it could potentially move down from this zone. It's a very risky assumption because the entire crypto market is focused on the Trump Inauguration. However, considering this pattern, we cannot ignore it, at least...
SOL: Multi Time Frame Analysis Indicates Potential Bearish Trend In the 4-hour chart, SOL tested a strong zone near 244. Currently, the price is still moving within a large range trading zone, increasing the chances of another downward movement. If the 244 level prevents the price from rising further, it should move down in the short term to around 224. A break...
AUDCAD: Short-Term Bullish Outlook Amid Trade Tariff Speculations AUDCAD broke out from a bullish wedge pattern, signaling further growth potential. However, the recent bullish wave was driven aggressively by comments made last night, indicating that the US is ready to impose a 25% tariff on Canada and Mexico. These comments sparked a significant upward...
BIDU Poised For Another Bullish Wave From our previous analysis, BIDU tested 80 and later bounced aggressively near to 116. However, the price moved back down to 80. BIDU is profitable but also very risky, considering its price volatility as it moves up and down. I think it's better to consider Call Options to manage the losses. BIDU has the potential to...
ETH Breaks Out with Bullish Momentum: Eyes on Key Resistance Since last night, the entire market has been in a state of panic due to President Trump's recent decisions. Trump threatened to raise tariffs on Canada and Mexico to 25%, and also warned China of higher tariffs. In short, it's a real mess. But why are cryptocurrencies rising today? The market was...
GBPCHF Recovers After Accumulation, Breaks Resistance After a two-week accumulation period in the red zone, GBPCHF managed to recover its losses. It broke through a strong resistance zone near 1.1230. It is possible that the price may test this broken structure zone before moving up again, as shown in the chart, with the first resistance levels at 1.1308 and...
EURUSD: Waiting ECB Rate Cut and US GDP Data Today, the European Central Bank (ECB) is expected to cut rates by 25 basis points. The rate on the Deposit Facility is projected to decrease from 3% to 2.75%, and the rate on Main Refinancing Operations is anticipated to drop from 3.15% to 2.9%. This expected rate cut may create a slight bearish momentum across all...