momeah21

momeah21

We could see price move back to rising trendline or previous ATH

momeah21

We are currently seeing a rising wedge, which now has also broken Trendline. If valid we could see a drop!

momeah21

Following on from our previous analysis we think today we will break key horizontal structure. We expect gold and silver to be under pressure at the beginning of the week.

momeah21

Donald Trump is back! So is market volatility. Savvy traders know this is exciting news to celebrate because volatility provides massive opportunities both up and down. Last week was all about one thing and one thing only: Donald Trump's return to the White House as the 47th President. Last week, we saw a significant rise in gold as it thrives on...

momeah21

On Friday, the Bank of Japan (BoJ) raised interest rates to their highest level in 17 years. After decades of deflation, Japan is now grappling with inflation, with the latest figure reaching 3.6%. From a technical perspective, a high was established on July 8, 2024. Since then, the market has been trending downward. Currently, on the 4-hour timeframe, a...

momeah21

Silver maybe be forming a triple top. We attempted to breach a key structure and again failed to breach higher.

momeah21

It looks like the all time highs will be retested again

momeah21

We've been in a major downtrend. We have attempted to retest a major structure level from which I am expecting EURUSD to fail.

momeah21

With Trump now taking his position as the 47th president. I am expecting gold to see some pressure. Technically it looks over stretched within a rising channel. Good Luck

momeah21

USDCAD has been in a uptrend since September last year. Over the last few weeks the uptrend has paused without really selling off and forming a bullish chart pattern. If valid, this could suggest the market is coiling for the next leg up.

momeah21

We've been repeatedly knocking on this key support level. The more we tap into it the more likely we will break this support level. If we have a daily close below support we could expect a deeper correction

momeah21

This is a long-term view of EURUSD. The EUR/USD pair reached its peak during the Great Recession and has since exhibited a sustained downtrend, moving within a well-defined falling channel. While periods of sideways consolidation may occur over many months, the persistent pattern of lower highs is undeniable. This downward momentum is likely to persist until...

momeah21

Since the recent significant sell-off, gold has been steadily climbing, forming a rising wedge chart pattern, typically this is a bearish chart pattern. A break below the rising trendline could signal the beginning of a downward move, with further confirmation upon breaching the key structures highlighted on the chart. Wishing you success!

momeah21

If GBPJPY breaks support level we could see further decline. Weekly close will be crucial as confirmation

momeah21

Bitcoin has experienced a significant selloff over the past few days, driven by a broader "risk-off" sentiment in the market, compounded by rising U.S. government bond yields. Could today serve as the catalyst for a potential breakdown of key support levels?

momeah21

Bitcoin has experienced a significant selloff over the past few days, driven by a broader "risk-off" sentiment in the market, compounded by rising U.S. government bond yields. Could today serve as the catalyst for a potential breakdown of key support levels?

momeah21

The last time AUD/NZD broke above daily and weekly resistance, it failed to establish that level as support. However, the price has shown resilience, avoiding a significant sell-off and continuing to consolidate. This coiling behavior suggests the potential for upward movement.

momeah21

Silver is at the upper end of a potential daily bear flag. It has been attempting to retest a horizontal structure. We can also see from the red trend line it is currently in a downwards trend. So long as we don't close above yesterday's high. The path of least resistance is lower.