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Hello, dear traders! On Thursday, the EUR / USD pair was trading in accordance with the graphic elements on the chart. The pair’s attempt to consolidate above the triangle failed. Then the pair rebounded, reversed in favor of the dollar and performed a dramatic drop which caused the closing below the triangle. The pair continued […]
Relevance up to 12:00 UTC + 00 Technical outlook: Ethereum is again testing the $ 1,700 support on Friday. The crypto dropped to the $ 1,728 mark before quickly pulling back to $ 1,750 at this point of writing. Bulls are still holding prices above the $ 1,700 mark, keeping the structure constructive for an […]
Relevance up to 13:00 UTC + 00 analysis yesterday, we noted the bearish pattern in AUDUSD and we warned traders that a break below the 0.7160-65 support would provide a new sell signal with 0.71 as the first target. Price soon after broke below support and reached our first target. Price continues making lower lows […]
Relevance up to 13:00 UTC + 00 we warned traders. USDCHF has formed a base between the 50% and 61.8% Fibonacci retracements. Price at the time also provided us with a bullish RSI divergence. Combined with the fact that we were trading around the key Fibonacci support, we warned traders for the coming reversal. After […]
In the morning article, I highlighted several levels and recommended making decisions with those levels in focus. Now let’s look at the 5-minute chart and try to figure out what actually happened. A drop below 1.0602 and an upward test of this level gave an excellent sell signal within the trend that appeared after the […]
Relevance up to 13:00 UTC + 00 analysis warning SPX bulls that price was vulnerable to a move towards 4,000 and lower. Today price has broken below the 4,000 and has reached the 61.8% Fibonacci retracement of the entire rise from the 3,810 lows. Short-term trend is bearish as price is making lower lows and […]
The stabilization of Bitcoin near the psychologically important mark of 30,000 allows you to take a breath and speculate at what levels the cryptocurrency will capitulate. According to digital asset company Bequant, it is already on its way, as the share of anonymous wallets “in the money,” that is, those of their owners who purchased […]
Relevance up to 13:00 UTC + 00 The day yesterday ended very badly for EURUSD bulls. At the beginning bulls were seeing price entering the close hoping for a close inside it after a long time. Instead of a trend change to neutral, price not only closed below the Kumo (cloud), it got rejected and […]
Relevance up to 13:00 UTC + 00 Blue rectangle- horizontal resistance Red line -support trend line (broken) Gold price has provided several signs of weakness since yesterday. Price failed to recapture $ 1,855 and instead price broke below $ 1,840 support level and the red upward sloping support trend line. Bears are taking control of […]
Relevance up to 13:00 2022-06-13 UTC + 00 Early in the American session, gold (XAU / USD) was trading with considerable losses. Currently, it is trading at 1,836 with a bearish bias on 4-hour charts but with strong support in the area of 50%, Fibonacci around 1,826. The tightening of central banks from around the […]
