As per previous analysis BTC performed blamelessly. There is a clear view of a descending triangle formed in chart and according to me if price moves through it then we may see a good fall in price further. Also above at price of 44.2k – 44.8k there is a strong resistance, even if price touches there then to we can see a good price dump if there is a no good...
Since I have shared all about GOLD. It's main trend is down and still moving down, so you have to just follow a simple logic that price will go up and fall back, just see candlestick where it's forming a strong signal towards down just pull your trade. Still there is no such mark of uptrend in news or anywhere. I think it will take inverse in next month or...
Bitcoin on it's high rally didn't continued and took reversal from 52,800 due to bitcoin adoption in El Salvador and now its moving on 42,200. Market tried to catch up price but due to aspects of El Salvador bitcoin adoption and now FUD like china against BTC. It is yet not clear tends to further fall in price tp 38,000 as china enforce on bitcoin. The market...
Yesterday I missed to update. But it really took a good move as based on all previous analysis. It breached down to channel support 1736 yesterday, and now psychologically next level is 1717. Before that I am sure it will test 1767 resistance. If it moves ahead to 1882 - 1885 then it is a trend changing zone and price may go up further. Now our next target is...
Gold vs. the US Dollar Today, while governments maintain hoards of this yellow metal, none uses it to back their paper money. Gold is usually denominated in U.S. dollars. Therefore, there is a relationship between the price of gold and the dollar, in that there can be an effect on gold prices as the value of the dollar rises and falls. While the relationship...
As yesterday I gave update on GOLD that it is moving sideway and will have a strong move in middle of this week, might be tomorrow or day after tomorrow. Till that time a short sell setup has there where you can make a good profit. Although GOLD went high move 1766.91 in sideway. Place your order according to your risk. If it moves above 1768 then we may see...
Yesterday I posted a idea of short sell, there were scenario of buy and sell, I was confident on FED meeting on interest rate decision. But yet not confirmed. Technically speaking it looks like price will continue lower and it will move below the previous lows 1744. Well I recommend you that open small lot size of 0.01 according to your risk management. Wait for...
My eye was on GBPUSD when a new came on by FEB last on week. I did some research and worked good for that week in bearish. Today a new has came for rebound from 1.3700. It will hit back down just keep your eye on it. It will definitely touch 1.3575 Comment down on which you want analysis.
My eye was on GBPUSD when a new came on by FEB last on week. I did some research and worked good for that week in bearish. Today a new has came for rebound from 1.3700. It will hit back down just keep your eye on it. It will definitely touch 1.3575 Comment down on which you want analysis.
Why GOLD is bearish A number of factors are driving investors out of riskier assets and into the traditional safe-havens – Treasury notes, Japanese Yen and U.S. Dollar. Gold is benefiting from the drop in yields but also from the plunge in the global equity markets. Stock traders essentially need some place to park their profits so gold is in some ways...
As per yeaterday analysis GOLD is moving perfect on it’s way to 1735. Currently price action is very slow as GOLD trend is sideways, it will take aggressive move in the middle of this week. 1750 is point where market can be judged. Price above 1750 is a potential reversal zone and if it’s down then bearish. But here it’s sideway between 1772 and 1745. Now at...
We have been analysis doge since March 2021. A clear view of a dogecoin movement of this month, inclined support and resistance has formed since August and continued till September. It broke that trend 1st of September and again consolidated on 7th of September. Now if it breaks the support then we may see further fall to 0.225, 0.1950, 0.1640 or if it breaks...
Gold is in downtrend zone, went top high and formed double top showing a bearish signal as it was unable to hold and break above 1834. Now gold is moving between 1772 and 1748, according to fibb of this month 0.382 our next target is 1735. You can open a short position once it breaks below the 16th sep low i.e 1748. It will take hard time to break that level...