Day: January 9, 2023
XAUUSD, “Gold vs US Dollar” At the support level, Gold has formed a Hammer reversal pattern. For now, the pair is going by the signal in an ascending wave. The goal of the growth might be 1900.00. After testing the resistance level, the pair might break through it and continue the uptrend. However, the quotes […]
EURUSD, “Euro vs US Dollar” On H4, the quotes are above the 200-day Moving Average, which indicates prevalence of an uptrend. The RSI has broken through the resistance level. As a result, we should expect the quotes to break through 7/8 (1.0620) and reach the resistance level of 8/8 (1.0742). The scenario can be cancelled […]
Bitcoin keeps forming a narrow range between the levels 16300 and 17000, trying to regain its position after Christmas. So far, it seems that Bitcoin might target the supporting level of 15625 and face resistance at the level of 18350. After that, the asset might pull back. So, let’s observe what is going to happen. […]
Type: Bearish Drop Key Levels:Resistance: 671.75Pivot: 660.00Support: 636.00 Preferred Case:Looking at the H4 chart, my overall bias for ZC1! is bearish due to the current price being below the Ichimoku cloud, indicating a bearish market. If this bearish momentum continues, expect price to possibly continue heading towards the support at 636.00, where the previous swing […]
EURUSD, “Euro vs US Dollar” The currency pair has completed a wave of correction to 1.0510. The market has got support there, and the wave of growth might continue to 1.0804. The goal is local. After it is reached, a link of correction to 1.0222 is not excluded. Then a new structure of growth to […]
EURUSD, “Euro vs US Dollar” The currency pair is pushing off the upper border of the descending channel. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the lower border of the Cloud at 1.0605 is expected, followed by growth to 1.0810. An additional signal confirming the growth will […]
Type: Bearish Drop Key Levels:Resistance: 174.35Pivot: 163.80Support: 154.30 Preferred Case:Looking at the H4 chart, my overall bias for KC1! is bearish due to the current price being below the Ichimoku cloud, indicating a bearish market. If this bearish momentum continues, expect price to possibly continue heading towards the support at 154.30, where the previous swing […]
Metals Rally on USD Decline The metals market is seeing an encouraging start to the week with both gold and silver in decent demand on Monday. The main driver currently is the sell off in USD on the back of Friday’s December US labour reports. The headline NFP reading was seen above market forecasts at […]
The Best Times Not To Trade Forex The forex market is open and bustling every day of the week, as you surely already know. Although traders can access trading platforms at any time to transfer money, this does not imply that they should be trading continuously. There will always be good and bad moments to […]
The BTC has risen to 17,197 USD. Weekly increase is assessed at 3.33%. For now, the technical picture is mostly positive. Firstly, after the week closed above 17,000 USD, the daily chart formed a Bullish Engulfing pattern, which gives a chance to buyers. Secondly, the crypto market restored its correlation with the US indices, and […]
