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The gold chart has been moving within a range for the past 25 days, with traders seemingly undecided on its future direction 📊. The resistance level is at $2,530, while the support level is around $2,470. With the upcoming **Federal Reserve** meeting and the **US CPI inflation** report set to be released tomorrow, Wednesday, September 11th, the gold market might...

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As shown in the chart, the GBP/CHF pair experienced a significant downward move, breaking through a key support level and pulling back to retest it. After the pullback, the price has formed a slightly descending channel within the yellow resistance zone. If the trend continues, there is a possibility of a breakout to the downside, which would trigger our entry...

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📣 Kazuo Ueda, Governor of the Bank of Japan, announced that if the economy and inflation progress as expected, the bank will continue raising interest rates. In a statement to a government panel led by Prime Minister Fumio Kishida, he noted that the economic environment remains favorable, and adjusted interest rates for inflation remain negative, even after the...

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EUR/USD Analysis on the 1-Hour Timeframe: 📉 Analysis of the Last 3 Declining Waves: By examining the last three bearish waves, we can observe a weakening trend in terms of price movement, the time taken for each wave, and the slope of each wave. This weakening trend is also reflected in the oscillators as divergence signals. 🔄 Higher Cycle Trend: Given that the...

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Technical Analysis for DOGS 🐶 While it might be a bit early for a full technical analysis on DOGS, it's possible to assess the situation using the 4-hour and 1-hour timeframes. 🕒 Currently, the 24-hour trading volume has significantly decreased, which could indicate that the selling pressure from those who received the DOGS airdrop is subsiding 📉. The liquidity...

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As seen on the chart, Natcoin is currently moving within a wedge pattern, indicating price compression and the possibility of a significant upcoming move 📉📈. Scenario 1**: If the price breaks downwards, it could lead to a parabolic movement towards the **0.00576** level (Level 1). This area could be seen as a **buying opportunity** 🛒. Scenario 2**: If the price...

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Weekly Watchlist Analysis 📊 #Algo #4h In the first trigger of my strategy, the price has dropped by nearly 13% 📉. The previous uptrend exhibited clear signs of weakness: Reduced Momentum: After each breakout, the price moved less each time ⬇️. Increased Red Candles: More red candles appeared toward the end of the trend, indicating selling pressure 🟥. Declining...

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**WTI Crude Oil on the Verge of a Major Move 🚀** As you can see on the chart, WTI crude oil is currently in a symmetrical triangle pattern, indicating a potential breakout in either direction 🔺. This compression suggests that a significant move could be on the horizon. Once the price breaks out of this compression, confirmed by a strong candle on the daily or...

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As observed on the chart, a final gap movement followed by trend weakness suggests we might anticipate a trend reversal soon 🔄. The divergence is clearly visible both on the chart and within the oscillator 📊. After breaking the identified support level, we could consider entering a position. Additionally, the RSI oscillator shows a downtrend, approaching...

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Understanding Investor Emotions During Market Cycles: A Comprehensive Guide 📊 In the volatile world of financial markets, emotions often take the driver's seat, influencing investor behavior more than fundamental analysis. 💡 The stages of a market cycle are not just a series of price movements but a reflection of the collective psychology of market participants....

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As illustrated in the chart, gold is currently moving within a slightly upward sloping channel and is testing the upper boundary for the fifth time. The intent to break the channel's ceiling is evident from its movement towards the upper boundary and the inability to reach the channel's floor. 📊🔍 Moreover, there are two strong support zones at $2280 and $2360,...

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As you can see, a double bottom pattern has formed in the USD/CAD currency pair, presenting a valuable trading opportunity. 📈 Given the current trend's weakness and the fact that we are in the 61.8% Fibonacci retracement area of the previous larger move, this setup looks promising. 📉 A move beyond the pattern's target range would signify a complete trend...

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The recent drop in the global gold ounce from its daily channel peak, influenced by recent news and events, necessitated this analysis to be shared with you. 🔍 Hourly Time Frame Analysis: A downtrend has formed, indicated by the green trendline. Given that the second wave of this downtrend is stronger than the first, we anticipate at least a third wave. The...

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Ethereum has initiated a 146% bullish wave on the monthly timeframe but is currently undergoing a rest and correction phase. 🔍 Fibonacci Retracement Levels from 1516 to 4114: 0.38 Fib Level: 2864 0.5 Fib Level: 2548 0.618 Fib Level: 2268 🔗 Weekly Timeframe Insights: A 624-day long ascending channel is observed. The price is currently interacting with the...

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As you know, in the past week, gold has reached a new high, advancing to the $2483 price range. 🔸In this area, it has retraced from the top of its channel and currently shows a downward trend in the hourly and four-hour time frames. 🔸Given the strength and movement we observe, this decline will likely continue at least to the static level identified in the...

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Hello, my name is Saman Jalilian, and today I'm going to teach you the best way to use chart patterns 📊. One of the most common things you encounter when learning technical analysis and trading is chart patterns, which are frequently seen on the charts. However, we can't just enter a trade by merely spotting a pattern. To effectively use them, we need to follow...

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As you know, the Dollar Index (DXY) impacts all major markets, including Forex, cryptocurrencies, and stocks. Therefore, as a trader, you should always keep an eye on this index 📈. We are currently at a critical decision-making point for this index. This decision can determine the medium to long-term trend of the Dollar Index. Support and Resistance...

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🟢Silver has shown a significant uptrend following the global rise in gold prices, breaking one of its major resistance levels on the weekly timeframe. 🔸 Key Points: 1. Correlation with Gold: - General Correlation: Both precious metals typically move in tandem. - Increased Demand for Silver: As gold prices soar, silver demand also rises. 🔸From a...