danielmanesh15

danielmanesh15

Dow Jones at Key Resistance Level The Dow Jones Industrial Average (DJIA) has been on a tear in recent weeks, reaching its highest level since January 2023. However, the index is now at a key resistance level, and a pullback could be in the cards. Technical Indicators Suggest Overbought Conditions The daily chart shows that the DJIA is now trading above its...

danielmanesh15

The oil price range (Range Box) on the daily chart is poised to break a significant resistance level. Amidst geopolitical tensions and regional unrest, crude oil has been in an uptrend and has reached a crucial resistance point on the daily timeframe. Analysis: Impending Resistance Breakout: If this resistance level is breached, the oil price could embark on a...

danielmanesh15

The US Dollar Index (DXY) is a measure of the value of the US dollar relative to a basket of six foreign currencies. It is a widely followed index by traders and investors as a gauge of the strength of the US dollar. Technical Analysis: The DXY is currently trading in a bullish trend, having broken out of a descending triangle pattern in early February. The...

danielmanesh15

Yearly Technical Analysis The Silver chart on the yearly timeframe is currently consolidating within a slightly descending channel following a strong rally. This consolidation period could present an opportunity for traders to adjust their positions before a potential upside move. Bullish Factors: Safe-Haven Asset: Silver's demand can rise during uncertain...

danielmanesh15

Ontology (ONT) is a blockchain platform that aims to provide a high-performance, secure, and reliable infrastructure for decentralized applications (dApps). The platform has been in development since 2017 and has already gained a significant following among developers and investors. ONT has been trading in a range for the past two years, but there are signs that...

danielmanesh15

XRP Bulls Target $1 After Breakout XRP, one of the top 10 cryptocurrencies by market capitalization, has been on a tear in recent weeks, breaking out of a long-term downtrend and reaching its highest level since May 2022. Technical Indicators Flash Bullish Signals The daily chart shows that XRP is now trading in a rising channel, with higher highs and higher...

danielmanesh15

The USD/CHF currency pair is currently trading in a descending channel on the daily timeframe. The price has reached a strong resistance zone near the 0.8950 level, which coincides with the 618 Fibonacci retracement level of the previous bearish wave. This confluence of technical factors suggests that the bulls may face a tough challenge in breaking through this...