DOGEUSDT is currently in a distribution phase, targeting a key resistance level at 0.11546. Both the global and local trends remain bearish, with no clear signs of a breakout just yet. However, a countertrend rally is beginning to take shape. On the 4-hour chart, a sideways range is dominating the scene. The last time this 0.11546 resistance was tested was...
Gold prices are pushing higher, defying expectations amid the strengthening U.S. dollar. Despite the dollar's growth, the precious metal continues to climb, hitting new highs with no visible resistance in sight. The geopolitical landscape is providing a strong tailwind, further fueling its upward momentum. Currently, gold is trading close to its all-time peak, as...
The Russell 2000 is closing in on the upper boundary of its structural zone around the 2276 mark, with bullish momentum pushing broader indices toward record levels. This wave of optimism could also lift the Russell 2000 to new heights. On the daily chart, the index is once again approaching the critical 2276 level. In shorter time frames, fresh bullish...
We need to exercise caution as the price nears a cluster of significant resistance levels. Pressure could arise from the 65K region, which remains untested, as well as the higher zone around 68K-69K. It's important to note that, on a global scale, bitcoin is still within a descending channel. While the broader picture (D1-W1) shows potential for further growth,...
The market has broken and closed above the significant psychological level of 0.6800, establishing a range zone above this point. Given the prevailing bullish trend, I see a strong possibility for continued upward movement. Currently, the market is testing the weekly level, and it may consolidate within this range for some time. I expect a pullback to the robust...
Gold (XAUUSD) is under pressure amid the strengthening U.S. dollar at the start of the week. After briefly testing last week's highs, the precious metal appears to be forming a false breakout. While the overall trend remains bullish, anticipation of significant news may lead to a brief moment of volatility and market anxiety. The rising yields on 10-year U.S....
The U.S. Dollar Index (DXY) may establish a range-bound trading pattern, indicating a potential resurgence in USD strength. Thank you.
EUR/USD Post-FOMC Price Outlook Following the recent FOMC meeting, the EUR/USD pair continues to struggle in its attempt to break above the critical 1.1200 resistance level. This area has once again demonstrated its strength, acting as a significant barrier to further upward movement. The price remains in close proximity to this resistance zone, suggesting that a...
From a technical standpoint, things are straightforward: both the broader market and shorter timeframes reflect a bullish trend. This alone provides a foundation for crafting a solid strategy. Key approaches could involve either capitalizing on false breakouts or bounces from key support levels, or alternatively, riding the momentum when resistance gives way,...
It seems we’ve completed a double correction, marking the end of wave A. At the point where we’ve placed the green arrow on the chart, it appears a bullish structure is taking shape. The pattern forming resembles a diametric, and we are currently within wave E of this structure. There’s potential for the price to be rejected downward from the red zone. If the...
The coin is currently in a rally phase, but it's approaching key resistance zones that could slow down its momentum. The chart is starting to show signs of deceleration. Ahead are significant resistance levels that could potentially halt the rally. If the bears manage to keep the price below 0.00456, we might see a reversal and a downward move. However, if the...
GOLD is making a notable move towards 2612, yet we find ourselves at peak levels with limited historical context, primarily from the last 2-3 days. This calls for a cautious approach, as we may experience significant retracements back to key liquidity zones. The recent stabilization of the US dollar could have repercussions for gold investors. This development...
XAUUSD Market Overview (Thursday 19th September) Breakdown & Plan - Pre-Asian Session
BTCUSD Market Overview (Thursday 20th September) Breakdown & Plan