azizelliott

azizelliott Updated 

Hi guys! 👋🏻 🔔 The FED's rate hikes announcements are not the only factors which weaken the DXY 🔔 GB retails sales and German PPI beat the forecasts today and gave these two pairs a smooth boost. 🔔 US had a negative home sales and jobless claims data announced yesterday. Petrol prices hit records, yet FOMC Chairman noted that to beat the inflation the FED will...

azizelliott

Hi guys! 👋🏻 🔔 Gold has retested the dynamic support of August 21 (dashed line) and is now forming a wedge pattern. 🔔 There are multiple strong resistances which obstacle XAUUSD from going higher, such are 1942 and 1960. 🔔 But as it seem from the current setup, if #Gold remains above this support, it will most likely break those resistances and climb back to...

azizelliott

Hi guys! 👋🏻 🔔 In my last analysis I pointed out that Bitcoin will most likely retrace to retest the dynamic support, so it did. 🔔 The support withheld although lacking volume and bullish pace. 🔔 Both MACD and RSI seem bullish, so hopefully we will see a jump to 48000 and 49000. 🔔 If breaks below this support, then I'm afraid it will continue the downfall to...

azizelliott

Hi guys! 👋🏻 🔔 There is a strong resistance being tested by Bitcoin right now. 🔔 BTC will most likely drop to $37350 if doesn't break above this resistance. 🔔 There are strong dynamic and static supports on $37350 which should support the next jump to $49900 to complete this parallel channel pattern, which hopefully won't turn out to be a flag pattern. 🔔 $48K...

azizelliott

Hi guys! 👋🏻 🔔 Conflicts, military operations, sanctions, COVID seem to be the headlines of 2022 🔔 The bursts of conflicts globally looks so intense that they might be the main drivers of oil prices. 🔔 I really don't think that EU will embargo Russian oil but if they really do, BRENT will hop to $160 easy, which according to the chart here is very possible. 🔔...

azizelliott

Hi guys! 👋🏻 🔔 Seems like oil restrained from the further downtrend. 🔔 Brent recently touched 100MA and an important dynamic support 🔔 MACD also signals an uptrend continuation of oil prices. ✊🏻 Good luck with your trades! ✊🏻 If you like the idea hit the 👍🏻 button, follow me for more ideas.

azizelliott

Hi guys! 👋🏻 🔔 Bitcoin has formed a parallel channel on a daily chart, strictly following its borders. 🔔 The last two uptrend moves have an identical angle and length, I just drew one and copy pasted to the second = identical. 🔔 With that being said we could anticipate another uptrend move as Bitcoin tested the lower edge of the parallel channel. And if that...

azizelliott

Hi guys! 👋🏻 🔔 I believe the impulse is very high and the Australian Dollar will continue upwards. The track for the #DXY will be set by important economic data today and tomorrow, especially the #NFP - non-farm payrolls. 🔔 Russian Ministry of Finance this week declared the start of Gold purchases starting February 7, might effect the Gold price. The current...

azizelliott

Hi guys! 👋🏻 🔔 Brent Oil is completing the 5-wave expanding diagonal pattern on a weekly chart 🔔 There is a high divergence between RSI and price. Hence I believe oil prices will go down, Brent down to $72-70 ✊🏻 Good luck with your trades! ✊🏻 If you like the idea hit the 👍🏻 button, follow me for more ideas.

azizelliott

Hi guys! 👋🏻 🔔 Daily XAUUSD chart projects a triangle pattern, and signals the retest of the lower edge of the triangle, based on the pattern’s rule. 🔔 Moving averages on a daily XAUUSD chart also do not favor the Gold bulls. MA200 and MA50 both are above the closing price of XAUUSD. Remarkably, the 200-day moving average is above the 50-day MA. This formation in...

azizelliott

Hi guys! 👋🏻 🔔 Possible uptrend continuation of #EURUSD here after a retest of the dynamic resistance as support. 🔔 The pair has also made a breakout from a critical dynamic resistance and has tested it as support several times, I believe it is also a good sign of a short-term uptrend for #Euro ✊🏻 Good luck with your trades! ✊🏻 If you like the idea hit the 👍🏻...

azizelliott

Hi guys! 👋🏻 🔔 Bitcoin made an attempt to break the $59500 resistance and was pushed back. 🔔 Besides the strong resistance at $59500 there also is a dynamic resistance which now has created an ending diagonal pattern. 🔔 There also is an inverted head and shoulders pattern which is building up, so keep an eye on this formation as well 🔔 We have seen this...

azizelliott

Hi guys! 👋🏻 🔔 Bitcoin lost $10K in value in a week after announcements from the SEC and the bill signed by the US President Mr. Biden 🔔 The 4-Hour Bitcoin chart looks very bullish, MACD and RSI indicators signal an upcoming short-term trend reversal. However, this reversal will firstly be interfered by a strong resistance at $62700. If Bitcoin does close above...

azizelliott Updated 

Hi guys! 👋🏻 🔔 Bitcoin buyers look very weak after a recent drop. The was a strong upward push from near $62900 level however the resistance of $65650 is still strong enought to restrain the further uptrend move of BTC. 🔔 I am expecting a retest of $62500 levels to touch MA100 and gain some power. To continue upward, Bitcoin must hang above $62500 and close above...

azizelliott

Hi guys! 👋🏻 🔔 RSI and MACD indicators on a 4-Hour GBPUSD are signalling an upcoming bullish reversal. The pair has also formed a double bottom pattern when GBPUSD retraced strongly after a retest of $1.34200 level. 🔔 Based on the price action, and taking into account a conceivable volatility this week during the release of the Economic data from the US, GBPUSD...

azizelliott

Hi guys! 👋🏻 🔔 You heard Bitcoin for $110K many times, so in this chart I tried to visualize it to show why this is very possible. 🔔 Bitcoin on a daily chart looks slightly bearish, to continue the uptrend it must close above $64100, which is a 0.618 Fibo of the October 20 drop. 🔔 By the way the drop was caused not only by the retest of a dynamic resistance but...

azizelliott

Hi guys! 👋🏻 🔔 Silver continues its uptrend since September 30, 2021 when it hit the newly lows of the year. The uptrend is backed by the FED’s tapering plan which should start in November. Despite the positive US Jobless Claims, the US Dollar index remains under pressure below the 93.7 level. 🔔 The US Dollar index is still vulnerable below the 93.7 which is a...

azizelliott Updated 

Hi guys! 👋🏻 🔔 Globally, oil prices soar, as lockdown restrictions ease and airlines resume operations. Crude is traded near $80 and Brent already surpassed the $83 per barrel mark. Russia is World’s third largest oil supplier. 🔔 Through the year, the Russian Ministry of finance continued its streak of foreign currency and gold purchases. These factors support...