USDCAD Bullish Trend: Key Factors Driving the Growth The USDCAD currency pair continues to develop a bullish trend, with strong potential for further rise. Here are the main reasons behind this bullish movement: Trump's Proposed Tariffs: President Donald Trump has commented on imposing 25% tariffs starting February 1, which has fueled speculation and market...
Clear Bullish Confirmation: SHIBA INU's Short-Term Trade Opportunities SHIBA INU has recently broken out from a strong bullish pattern. A strong support zone has been identified near 0.00001973. This area has been tested for two consecutive days this month, increasing the likelihood that this zone may stop the price decline. Given that we are analyzing a...
Dollar Index (DXY) Analysis - January 21, 2025 The Dollar Index (DXY) is currently trading at 108.70, up 0.90% from the previous close. The index is hovering below the key pivot point at 109.40, a crucial level that could dictate the next directional move. Immediate resistance stands at 110.20. On the downside, support is seen at 107.90, with further cushion...
ADA Facing Strong Support Near 0.9500 ADA is facing strong support near 0.9500, which corresponds to the bottom of a large pattern. The bullish optimism continues to support the crypto market, increasing the odds that it can push the price up again, as shown in the chart. This is also related to the fact that Trump may include cryptocurrencies in his executive...
Solana May Rise Again After This Profit-Taking Moment After breaking out of the pattern on November 6, 2024, Solana surged by nearly 46% from the breakout zone. The top was reached at 264.50 on November 22, 2024, followed by a slow correction. It appears that the entire crypto market experienced a profit-taking moment, anticipating Trump's inauguration as...
EURUSD Preparing for Significant Movement Ahead of Trump's Inauguration The price is near a strong zone, with discussions about price parity ongoing. The market is primarily focused on Trump's Inauguration as President and the decisions he may make this week. The USD is already strong, but the next price direction will depend on Trump's decisions and their...
NZDUSD Faces Strong Support Near 0.5582 NZDUSD has confirmed for the third time that 0.5582 is a very strong zone. Considering that the economic calendar will be almost empty in the second part of the day, there will be no significant events to push the price below this zone, thus increasing the chances for NZDUSD to benefit, at least in the short term. If the...
GBPUSD May Resume Bearish Trend, Testing March 2023 Low The president-elect may issue up to 100 executive orders in the first days of his second presidency. This news could create high price volatility in the market. At the close of the market on Friday, January 17, we saw the US dollar ending the day with profits across all pairs, raising expectations for a...
NZDCHF Nearing Completion of Bullish Harmonic Pattern NZDCHF is about to complete a bullish harmonic pattern. The price found strong support near 0.5080, indicating the presence of a solid support zone. NZDCHF is also part of a larger pattern, increasing the chances for this bullish wave even more. Resistance areas are located at 0.5110, 0.5120, and 0.5232. ...
CHFJPY Tested a Strong Resistance Zone Near 171.25! What's Next? CHFJPY tested a strong resistance zone near 171.25. The price has completed a small correction and appears ready to push down at this moment. This bearish movement is supported by speculation that the Bank of Japan (BOJ) may hike interest rates during the coming week. The increase in inflation...
Is Gold About to Lose Its Bullish Momentum? The bullish trend is still intact From our first analysis on January 6th, gold has unfolded as expected. Currently, gold has reached 2700, a strong psychological level. If the price manages to hold above this zone, the bullish trend may continue. However, caution is necessary as gold has been rejected several times...
Solana Resumes Bullish Trend Amid Declining US10 Government Bonds Solana has broken out from a solid bullish flag pattern, indicating further growth. This movement can be attributed to the US CPI data, which came in slightly lower than expected and mixed overall. On the other hand, US10 Government bonds decreased aggressively by nearly 3% for the day after the...
CADCHF Struggling to Rise Further: Possible Decline Expected It looks like CADCHF has completed its bullish trend, and there's a good chance it may start another short-term bearish trend. CADCHF appears to be entering another correction phase, similar to what it experienced before. It is expected to move down further in the coming days, influenced by upcoming...
EURJPY: Bearish Signals Strengthen: EURJPY Under Pressure The uncertainty surrounding a potential BoJ rate hike might weigh on JPY pairs. However, the sell-off observed across all XXJPY pairs suggests a different narrative. This could be attributed to behind-the-scenes actions by the BoJ that have not been made public. All JPY pairs have been gradually...
EURUSD Ahead of the US CPI Data Yesterday, the US PPI final data for December showed 0.2% versus a 0.3% estimate, and YoY 3.3% vs. 3.4% estimate. This data created slight weakness for the USD, as the market anticipates the FED may cut rates more than once this year. Today, we await the CPI data, another important event for the US Dollar. If the data is lower...
EURAUD: Update -Reached a Peak at 1.6800, New Downtrend Emerging EURAUD climbed to 1.6800, encountering a significant resistance zone. Yesterday, at the start of the new year, EURAUD broke down from a wedge pattern, indicating a potential trend reversal. Following this decisive breakout, the price dropped by nearly 220 pips. Currently, the market is not at full...
Gold in a Bullish Trend and at a Crossroad! That's Why! From the analysis I published on January 6, 2025, the price increased from 2634 to 2698, reaching our second target, corresponding to a strong zone. Despite the bullish outlook for gold, both scenarios remain valid. You may watch the analysis for further details! Thank you!
EUR/USD Daily Pivot Points Analysis 14-Jan-2025 EURUSD is holding strong above the Daily Pivot Point of 1.0215, indicating the presence of the bulls. The price may rise to Daily R1 at 1.0252 or Daily R2 at 1.0287. It can also move down to the Daily Pivot Point at 1.0215. If EURUSD moves below the Daily Pivot Point of 1.0215 during the US PPI data release, the...