The potential downtrend in the GBP/CAD currency pair may be influenced by several critical factors. The Bank of Canada's relatively hawkish monetary stance, supported by strong economic data, contrasts with the Bank of England's cautious approach due to slowing UK economic growth. Declining global oil prices could limit the downside for the Canadian dollar, as...
The EUR/CAD currency pair has recently shown an upward trend driven by divergent monetary policies, with the European Central Bank maintaining a hawkish stance while the Bank of Canada adopts a more cautious approach, increasing euro demand. Declines in oil prices have weakened the Canadian dollar, given Canada's reliance on oil exports. Technical indicators...
The USD/CHF currency pair has recently exhibited a downward trend, driven by several key factors. Macroeconomic uncertainties, including global economic slowdown and geopolitical tensions, have increased demand for safe-haven assets like the Swiss franc, putting downward pressure on the pair. Divergent monetary policies, with the Federal Reserve maintaining a...
The GBP/USD currency pair has recently exhibited a downward trend, driven by macroeconomic uncertainties such as geopolitical tensions and global growth concerns, leading investors to favor the U.S. dollar as a safe haven. Divergent monetary policies, with the Federal Reserve maintaining a hawkish stance and the Bank of England adopting a more cautious approach,...
The potential drop in the NASDAQ in the coming days could be driven by several key factors. First, macroeconomic uncertainties, including geopolitical tensions or the persistence of high interest rates, could increase market volatility. Additionally, recent disappointing quarterly earnings from major tech companies, which are often heavily weighted in the index,...
After a downtrend, the fundamental lines of this asset tend to show, as BTC, a new bearish position ready to launch ; however the downtrend might still attract the price down, causing more of a zigzag kinda pattern, only time will tell ; these arrows show the change of direction the price is taking about now.
NZDJPY reached the point of decision ; according to previous data, it should reverse right now in a huge V pattern, and then correct to return back up then ; however stay advised, nothing is never sure, but this seems like a great trade to get into right now ; the SL would be placed just under the yellow trend line, around 90.600.
After a little break of hesitation BTC is ready to head back up ; After reaching impressive new levels, 90, 93K, BTC was a brought down a little ; however it is now ready to get on a bullish position again, as usual ; now 's the time for the slow climb towards 100K.
our idea is still valid but needs a little bit of clarification : we thought gold would follow some kind of round top pattern ; now it seems like a 3/4 tops and a HH, then a drawdown to 2500s by next week. However it will come back up at some point soon, around the beginning of 2025, so stay advised and don't try to sell it under 2500.
Maybe a little too optimistic on the detail precision, but this should turn out like that at some point tonight and tommorrow ; USD has been on a big rally lately thanks to Trump and is not done yet, now is still the time for USD products to go high ; however there could be a massive correction soon with VIX and GOLD going back up, but not for another week or more.
We had it almost right, you can find this red line pattern on our previous forecast. However it is a little late, but it is still to go down before this weekend ; For the next few days it might stabilize at around 87/88, zigzag a little and go back towards 100K.
Correction from yesterday : BTC is clearly going down for now ; as it is not a real asset indexed on some real currency (even though it is really strong of course), it does not follow the same logical paths as gold and nasdaq, so it is really tough to know; bears are starting to take over for BTC, and it might be the beginning of a slow fall for bitcoin.
The white lines are yesterday's projections, which are a little late ; the setup is still valid and a little late but will make NASDAQ rise once again ; more precisely this time, we put together a possible route for this, stopping and reversing at KL and previous HH and LL.
As Gold started an impressive bearish era, losing more than 200 points against all odds, now seems like a good time for it to calm down ; Gold going down, as well as VIX in some way, shows that the economy is getting better, Gold only rises when the world falls apart (war, inflation, pandemics). So with such a great leader it seems obvious that now gold is to...
After this week's rally thanks to DT arrival in office, it seems like stability and American success is here and cannot be stopped. So we're thinking a new HH for Nasdaq before this weekend, as you can see with this round bottom pattern.
Missed a pretty good trade by not so much tonight, this is tough. Not displayed here but we went with Fibonacci tools for this one, using different colours and methods. This new HH today puts a big step towards the 100K rally, which will however not be completed right now but at least in 2025.
After two false routes (the two white lines), we know for sure that VIX is to go up at some point to make up for the gap it made this week. The only thing is we thought today's opening would be a higher gap compensating the precedent gap, but it kept getting lower and lower. Now that we're approaching a low KL, there might be a new opportunity for a long entry,...
Tomorrow is the big day, all assets might break down and aim at lower lows and key levels, espcially in the US ; USD, GOLD, BTC and NASDAQ will all be touched by this ; BTC has already broken and will confirm tomorrow.