XAU/USD Short-Term AnalysisHello friends.
Hope yore well.
Lets take a quick look at Gold :
1.we approch a mid-term valid trendline and it can be considered as a pullback to this line.
2.as you can see price bounce from this trendline with a strong engulf candlestick.
3.a short-term trendline breaks too and we saw a pullback to it as well
4.Also we can see a Bullish Divergence in oversold area
5.2030 Support level have seen with overlap with this signs
so gold will rise to the upper band of the longterm Trading range which is about 2060.
Hope this is useful for you.
Have great times.
thanks for reading
Trendlineanalysis
EURUSD ExpectationHello traders,
EURUSD has been inside a range since the beginning of the year. It's important to consider a few things:
- The overall structure is bullish.
- Price already took buyers and sellers by liquidating both directions.
- There is also a bigger M15 range that price is respecting.
My expectation is that price will at least mitigate the H4 supply (red zone) even if it wants to continue down. Why? Sellers from Friday are still intact after that impulsive move and they were definitely induced into the market. When/if price mitigates that H4 supply zone, it will have to make a decision. It will either continue higher and follow the Daily structure (I'll be looking for that), or it will start a pullback in order to take out the current buyers.
Slow start of the year for currency traders, nothing out of the norm, we just have to be patient :)
Good trading!
SOLUSD approaching 3 month trend support. Move likely soon.Solana is approaching the med-term trend line which is also at the point of a huge symmetrical wedge.
Solana is going to make a BIG move soon. History says trend is your friend so if that holds true look for a test of the top of the channel.
If it breaks through the top of the channel and resistance trendline and closes above on the daily, look for a big move higher, while testing the two previous recent highs.
If the price breaks below the trend on the daily, look for the price test next support area down.
#Solana #SOL #SOLUSD #SOLUSDT
Apple - Watch The TrendlineHello Traders, welcome to today's analysis of Apple.
--------
Explanation of my video analysis:
Starting all the way back in 2010, Apple created its first major higher timeframe break and retest. For many years we saw the same pattern on Apple stock which was simply a trendline rejection and a horizontal break and retest. With the recent breakout and retest I do expect more continuation towards the upside away from the confluence level I mentioned in the video.
--------
I will only take a trade if all the rules of my strategy are satisfied.
Let me know in the comment section below if you have any questions.
Keep your long term vision.
USDJPY, SHORTUSDJPY price is currently resisted by the DAILY EMA 200 after a fibo retracement on the previous daily candle was done to a 50% discount.
Price is expected to continue decline to retest the 4hr EMA 50 at 143.200 in the medium short term and possibly down to retest the monthly support at 142.00 on the expected decline of the USD index as i predicted.
DXY to continue declineDXY started a recovery from 100.257 from the heavy decline due to the pause in the interest rate hikes back in December 13th, 2023. The index started to recover from 28th December and to 102.723 due to the positive news from the last Friday NFP fundamentals. Price was quickly knocked down by the negative news on the ISMs late Friday.
DXY January candle has done a retracement unto the 61.8%-78.6% (EMA 20) of the December bearish candle. As a result of the retracement on the December candle, the DXY is expected to retest the weekly EMA 200 on the key level 100.500 and as at the ending of last Friday, price was resisted by the weekly resistance.
On the Daily, the DXY index is expected to retest the EMA 200 at 101.706 and subsequently retest the key level 101.500 again.
The important fundamentals this week are mainly the Thursday's Core CPI m/m and the Friday's PP1 m/m where the economists are projecting a negative news for the CPI. We need to keep an eagle eye on the news this week to make informed decisions.
Accumulation Pattern!The price candlestick indicates an accumulation pattern where the price moves in a sideways range for an extended period before attempting to break out the upper line of the price channel. With the result in volume exceeded the MA line.
MACD and RSI indicators indicate a positive momentum and are aligned with the price candlestick.
Let's save MFLOUR in WL and watch out for significant price movement action with results in volume exceeding the MA line.
R 0.700
S 0.620, 0.600
Bitcoin AnalysisSo many ways you can look at Bitcoin and all say the same thing. My goal is to highlight the different perspectives in the market Crypto.
1. Eaglizer Strat Daily: Price needs to reclaim 8 EMA (white moving average) for upside.
2. Range: Price needs to reclaim the Median level (white dotted line) for more upside.
3. Trendline: Price needs to reclaim the Trendline (yellow) on for upside.
In summary we're at an area that will determine if we are going to reclaim and continue higher or go down for a correction.
USDPLN is time to UP?!USDPLN reached the long-term growth base plotted since 2011 - there was the first important minimum in the white growth tunnel. Interestingly, each subsequent minimum every few years is practically exactly 30 polish "groszy" (polish cents) higher. Would this indicate that what we see here is the place to start? :) For a long-term purchase of the dollar on this instrument? We reached the bottom edge of the tunnel. However, this is a bit tenous, because if EURUSD still has growth potential, it is rather impossible for the USDPLN instrument to stand still (consolidation) and the zloty not to strengthen further. Movements on USDPLN are always inversely proportional to movements on EURUSD in 95%. If you buy EURUSD, sell USDPLN. CPI in Poland is still falling every month - 6,5% in November this year. I wonder how much level 3.75 is possible to achieve currently on sale? Several zones of demand (tf 1 Month) are also important here on the way down, they can brake this move ...and other TL's. Also check Fibo levels. On oscillators in long terms the instrument is practically sold out. The idea is interesting and the place is worth paying attention to now all the time. Because if the zloty starts to depreciate, it will automatically start to lose against the Euro, the Swiss Franc and probably also against the British Pound, as is usually the case. However, currently the GBP and EUR have little room to fall against the zloty.