FX:XAUUSD is testing 2530 and risks a new high as each new retest increases the chances of a resistance breakout. Ahead of CPI, inflation data could set the medium-term tone for markets... Traders are waiting for US inflation data that could confirm the size of the Fed's interest rate cut next week. An uptick in CPI figures could trigger a rise in the...
Hello traders, Bitcoin price tested 53k support area again and currently is in a correction phase. I expect BTC price to trade in the range between 53k and 61k before 18th September when the FED expected to cut rates. After that event all markets might plunge in the short term but in the long term this should be bullish. Considering all this, it's highly...
BINANCE:ETHUSD is forming a counter-trend bounce and is aiming for strong resistance amid a bearish trend. The project is going through a rough patch, fumbling for a market bottom... ETH faces troubles:: WisdomTree has requested the withdrawal of its ETH (Ethereum Trust) fund registration application three years after filing with the SEC. Earlier, VanEck...
The euro fell back into the buy zone yesterday after the CPI data came in line with expectations. In the following hours we had strong bullish pressure and the euro failed to touch the 1.10000 level. Today we have the ECB interest rate decision, and we expect volatility and an upward movement in price. Guys, what do you think? Leave a comment with your thoughts.
On the above 7 week chart price action has rallied 10,000% since 2016. Cathie Wood is now a buyer. Should we be concerned? Yahoo finance - August “Cathie Wood-Led Ark Invest Buys $47.5M Of AMD Shares” source:https://tinyurl.com/zc3cah5p Motley Fool - September “AMD is more stable financially and boasts a more established role in artificial intelligence than...
Matt takes another look at Bitcoin futures to update his analysis from last week, which seems to be playing nicely with his view that it is trying to carve out a swing low on the daily chart and muster up the strength for a rally.
BINANCE:BTCUSDT is strengthening after a false breakdown of the 54.5K - 55K support. Fundamentally and technically, there is no buyer motivation. Traders have moved into the waiting or selling phase... Now BTC is accumulated mainly by wallets with balance < 1BTC... Larger wallets are not doing much. Also, judging by the statistics of various services it can...
FX:USDJPY breaks support at 141.68 and hits lows. The dollar is declining after the US election debate, but is still in consolidation ahead of CPI. The currency pair may continue to fall Ahead of CPI, traders expect consumer inflation to fall to 2.5 for the year. This indicator will determine the interest rate cut next week, and more precisely by how much...
The window on Monday would be a bullish signal. But I will trade the downward correction anyway. We are at the all time high close reached in January 2021, This makes me feel that the rise after the window was somewhat exhausting. The to large spike in August is supporting this idea. Let's look if the Monday window may be closed now.
AUD/USD 1H - Now that we have seen price break structure to the upside we can now look to buy into this market and be safe with our decision as the break in structure tells us that price is going to put in further bullishness. I want to see price now pullback trading us back down to set a new higher low, this will be following the laws of bullish structure,...
Yesterday we added new buy orders as the euro made a new weekly low. We are now ready to see the CPI data and head towards the target level at 1.11500 Guys, what do you think? Leave a comment with your thoughts.
The Gold moved and hit the targets as I expected in the previous post . Gold is currently moving near a Heavy Resistance zone($2,532-$2,523) and broke the Uptrend line . According to the Elliott Waves theory , Gold has successfully completed the Zigzag Correction(ABC/5-3-5) in the 15-minute time frame. I expect Gold to attack the Heavy...
Now bitcoin price is in the ascending Triangle with means the bitcoin price can react to this situation and breaks the triangle and will go up. and the most important resistance for Btc is currently 61k if the price breaks this resistance, AB=CD.
Hello Traders ! The Dow Jones Index failed to create a new ATH. Currently, The support line is broken The Higher low was also broken (change of character). So, I expect a bearish move📉 _____________ TARGET: 39965.00🎯
NASDAQ 1D - As you can see I am wanting to see price continue this bullish momentum trading us up in this market, I want to see price trade us up and into an area of interest before taking us lower in the market. By holding tight and waiting for price to trade us up and into an area of interest we are able to get involved in this market with a refined entry...
The price is showing a strong bullish trend with a clear HH and HL structure, currently retesting the HTF trendline before potentially continuing to the next Supply Zone. With a RBR pattern serving as confirmation, the next Demand Zone holds high potential for the price to take the order block and continue moving upwards. Let's see if the price can reach the...
US30 trading in a descending price channel Price is currently approaching supply levels A rejection or breakout may take place We'll wait for proper confirmation.
hello friends In the EURUSD currency pair, we see many beautiful Elliott patterns. By counting them, we arrive at two main zigzag or impulse patterns. Waves 1 and 2 or A and B have been completed. In both theories, wave C or 3 should be completed. But only microwaves 1 to 4 have been completed. Therefore, we expect price growth in general. But where will this...