EUR/USD Price Analysis and Potential Trading Scenarios EUR/USD reached the 1.0955 zone on October 4th and has been oscillating around this level for about seven days without a clear direction. On October 9th, the price broke through this minor support zone and is holding below, indicating slightly higher bearish momentum but nothing significant. The US CPI and...
US500 Index Price Analysis - Bullish Outlook US500 broke through the top of the large structure on 19-September-24 by confirming that the bullis wants to push the index into new highs. After 20 days in an accumulation process, the price broke out of the pattern yesterday indicating further growth. The reason of the bullish move was related to the FOMC minutes...
NVIDIA is Poised to Challenge Its All-Time High NVIDIA is approaching its all-time high, which was reached on June 20, 2024, at $140.50. For approximately 110 days, the price has been developing a larger triangle pattern, accumulating bullish momentum. While challenging the all-time high price zone carries some risk, the odds favor a further rise after this...
EUR/CHF: Bullish Harmonic Pattern Signals Short-Term Upside Potential Yesterday, EUR/CHF completed a bullish harmonic pattern on the 60-minute chart, indicating a potential resurgence of bullish momentum. Despite the Swiss Franc’s strength across the currency board, which has been limiting upward movements in other pairs, this pattern suggests that EUR/CHF may...
Polkadot (DOT) Nears Completion of Inverse Head & Shoulders Pattern Polkadot (DOT) is on the verge of completing an Inverse Head & Shoulders pattern near a key support zone, increasing the likelihood of a potential short-term trend reversal. While the pattern is not yet confirmed, a price move above $4.27 could significantly boost bullish momentum. The pattern...
GBP/JPY Poised for Bullish Breakout Amid Yen Weakness The GBP/JPY pair appears to be accumulating volume within a large triangle pattern, indicating a potential breakout in either direction. My focus is on a bullish move. The Japanese Yen is showing signs of weakness due to diminishing hopes for further rate hikes from the Bank of Japan (BoJ). A price move...
GOLD Price Analysis During the previous week, GOLD dropped to 2604 without any apparent reason or news. In my opinion, as I explained in the previous analysis, this movement was a clear manipulation by major market participants. It is unlikely for GOLD to release such liquidity at a time when Israel is expected to respond to Iran’s attack. Israel is anticipated...
Shiba Inu Positioned for Another Rally Shiba Inu recently broke out from a bullish channel, positioning the price for an upward movement. On the 60-minute chart, we also see a small triangle pattern indicating a second accumulation phase, increasing the likelihood of a bullish trend emerging soon. A very strong resistance is expected near the top of the...
Tesla Opened with a Gap Down: What’s Next? Tesla opened with a significant gap down, indicating a potential further price decline. However, there’s no need to rush into decisions at this moment. The stock may rise again to fill the gap before moving down, as shown on the chart. I expect Tesla to fill the gap near 232.50 - 237.80 before potentially declining...
EUR/USD Confirms Bearish Pattern After Breaking Below 1.1000 On October 4th, EUR/USD broke down from a key support area at 1.1000, a significant psychological level for the pair. This former support zone has now turned into resistance, aligning with the neckline of a double top pattern. The likelihood of a continued bearish movement is increasing, supported by...
USD/JPY Poised for Another Rally In our previous analysis, USD/JPY reached the first target and paused. What’s next? For further details, watch the video. Thank you and Good Luck:)
Ethereum: Bearish Movement Expected to Continue In recent days, our analysis shows that ETH has already declined by nearly 4.5%. It appears that the bearish trend will persist, aligning with our expectations. However, the trading volume remains low, which is also a challenge observed also with BTC. The ongoing conflict involving Israel, Hamas, Lebanon, and...
EURAUD: Two Potential Trading Scenarios The EURAUD pair appears to be forming a bullish triangle pattern. However, considering it is also in a strong zone, it could potentially develop into a reversal pattern, which might become clearer soon. In this analysis, I present two possible scenarios for EURAUD. Each scenario requires confirmation and patience. ...
NEAR Protocol Faces Potential Downtrend NEAR Protocol has completed a bearish pattern over the past two days. Despite breaking out from this pattern, the price is hesitating to move further down. However, Bitcoin’s current downward trend and today’s FOMC minutes could support a bearish move for NEAR, as indicated in the chart. The first target is...
US Dollar Strength Bolstered by FOMC Minutes NZDUSD Breaks Key Resistance Zone Fundamental Analysis: The release of the FOMC minutes today and the upcoming US CPI data on Thursday are reinforcing USD strength. Additionally, the market is anticipating a 25 basis point rate hike by the Federal Reserve at the next meeting. Two weeks ago, Chair Powell...
GBP/JPY Poised for Bullish Breakout Amid Yen Weakness and FOMC Minutes The GBP/JPY pair appears to be accumulating volume within a large triangle pattern, indicating a potential breakout in either direction. However, my focus is on a bullish move. The Japanese Yen is showing signs of weakness due to diminishing hopes for further rate hikes from the Bank of...
GBPUSD Holding Above Daily Pivot Point The GBPUSD pair is currently holding above the daily pivot point, indicating that bullish momentum is dominating today’s market. It is expected that GBPUSD may test the first daily resistance level at 1.3125. If the upward movement continues, it could extend to the second daily resistance level at 1.3166. You may find...
NZDCAD at the Beginning of a New Trend NZDCAD reached its lowest price at the end of July 2024, near 0.8120. Since then, NZDCAD has been in a bullish trend for exactly two months. However, in the last two days, the price has decreased significantly by nearly 200 pips, influenced by Powell’s comments and the ongoing conflict between Israel and Iran. Given this...