blacklegend55

blacklegend55

The U.S. Dollar Index (DXY) is showing signs of a potential bullish rebound as it approaches a critical ascending support line. Currently trading around 104.957, the index has maintained this uptrend since early 2024, suggesting strong underlying support. Technical Analysis: Support Line: The green ascending trendline has been a key support for the DXY,...

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Given the bearish setup in the gold chart, the likely target for bears can be identified by examining previous support levels and key Fibonacci retracement levels. Here are the key targets and levels to watch: First Support Level: $2,320 - This level has provided support in the past and is the nearest potential target for bears. A break below this level...

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After carefully examining the 4-hour chart, it is evident that BTC has encountered a strong resistance level, accompanied by a gain of over 5%. This presents an ideal moment to take a short position. BTC CME also shows resistance on the 4 hourly chart clearly below: Our first target stands at $26,000, while our second target is set at $16,000. With these...

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It looks like the 45-minute breakdown has occurred, which could lead to a bearish trend in both the weekly chart and the February monthly candle. Our swing trade has two targets: - The first target is $60. - The second target is $40. Please note that this is a long-term trade and we're making this decision quite early. Remember DXY is still very strong...

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We have noticed that crude oil has been unable to break through the resistance level on the 1-hour chart and has now entered a selling zone. This may lead to a decline in prices to $67. It's important to keep in mind that when the crude oil market is bearish, it often sets a bearish trend for the overall market.

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I have noticed that the RSI indicator on US30 is at 69.1 and has been consistently decreasing. This indicates that there is a strong possibility that US30 will start to experience a decline in its value. It is not surprising to see this bearish trend, as other commodities have also been showing similar signals. Based on my analysis, I predict that US30 will...

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Upon analyzing the price action, it is evident that DXY has found support on a trendline that began from its breakout phase. This indicates that there is a possibility of the US Dollar gaining strength today, which may lead to higher points in the coming days. However, this could have a negative impact on commodities and the market in general, as it could result...

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It is possible that the Silver RSI trend line may be retested, indicating a decrease in momentum from buyers. Consequently, there might be a continuous downtrend leading to a price point of $22. It is advisable to prepare for this ongoing downtrend. Sellers can still take advantage of the fresh bear trend on the hourly chart, providing opportunities for short...

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The hourly chart has just hit a solid resistance on the RSI, indicating that bears are in control of the market. The downtrend of gold is now targeting $1980.

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We are currently observing a triple top rejection on the Relative Strength Index (RSI) for DXY, which indicates that the major players in the market are selling the USD dollar at the moment. Although we are uncertain about their plans for Thursday, it's always wise to follow the money and see where it leads. This development is favorable for commodities such as...

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We have observed that the 50 areas of the Relative Strength Index (RSI) are showing strong support. This could present an opportunity for the bulls to drive prices up to the range of 2066 to 2070. However, it's uncertain if this bullish trend will be able to sustain itself in the long run. By the way, DXY is showing some form of weakness, which is a good...

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It seems that silver has found triple bottom support on the RSI, while DXY is showing signs of a strong bear. This suggests that commodity prices may rise, which in turn could send silver to test $24.5 once again. However, if silver fails to clear this area, it could potentially lead to a permanent collapse of silver prices. But for now, this chart is bullish....

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US30 right now is not showing any indication of slowing down at any moment. All technicals point to it doing higher highs from here. It is one of the best instruments to hold in the portfolio at the moment. We can see the RSI staying well above 50 and 61.8, which shows that it is still strong in the bullish region. Every red candle is a buy opportunity as it...

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There is a positive divergence on the daily chart of crude oil. This indicates a strong possibility of a rally to test $93. Other commodities such as gold, silver and natural gas have also shown the same signal today. Meanwhile, the US Dollar is displaying a high bearish signal. The tensions in the Middle East may lead to positive market performance.

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It was noticed that the closing price of Bitcoin yesterday was above the significant resistance level of $45,000, which has been a key obstacle for several weeks. This indicates that buyers are eager to push Bitcoin to a new all-time high. Additionally, the US Dollar has displayed some weakness today, providing additional momentum to Bitcoin's bullish trend. The...

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As we see 1hr break out on gold, is it possible to test 2066 again? Let's see

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"Gold's Shimmer in a Four-Hour Dance: Bulls Eyeing the Next Leap? As the curtain rises on the latest act of gold's grand performance, the four-hour chart presents a compelling scene for bulls. The price of the precious metal has been tracing a ballet of higher lows, a classic bullish signal, as it tangos above a steadfast ascending trend line. This harmonious...

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On the daily chart, we can see that BTC has broken out on the daily RSI. This is a strong signal for bullish momentum in the crypto space, and we could see BTC test its previous all-time high again.