As was forecasted by our last analysis of gold, the price action reached the previous swing peak at 1915.00. This is where a major bearish reversal is likely to take place, given the confluence of mounting bearish signals. That is why the underlying setup seems favourable to bears looking to implement contrarian trading strategies. Bulls, in contrast, could potentially seek to enter long on the next dip as [...]
The price of gold is once again consolidating within the boundaries of a massive range, entailing excellent opportunities for the implementation of range-trading strategies. Those involve picking the tops and bottoms within the established range. The consolidation is due to a mixture of conflicting news and statistics, making it impossible for neither bulls nor bears to retain control for long. On the one [...]
Investors' fears concerning the new coronavirus variant spur a selloff on higher-risk assets, including Bitcoin and Ethereum. The bearish reversal on ETHUSD is further bolstered by mounting geopolitical tensions and rising inflation concerns. Therefore, the current setup is suitable for the implementation of contrarian trading strategies by bears. [...]
The price of Bitcoin has been consolidating around the psychologically significant threshold of 60000.00 over the last several days, as bearish pressure keeps increasing. Our analysis examines all of the reasons why bears would likely retain control in the near term, and the price would continue to depreciate. Bitcoin's latest rally was mostly owing to heightened investors' optimism. The demand for the [...]
The price of gold has been advancing for seven consecutive days, which increases exponentially the likelihood for a correction whit each next passing day. This means that the current setup is suitable for the implementation of contrarian trading strategies by bears looking to trade on an expected dropdown, whereas bulls can then use trend continuation trading strategies to buy the resulting dip. [...]
The price of gold is currently probing the psychologically significant resistance level at 1800.00, which might prove to be an impregnable obstacle, at least for the time being. There is a confluence of mounting bearish indications, all pointing to a likely upcoming reversal from this threshold, which means bears can try to implement contrarian trading strategies. [...]
The price action of the GBPJPY pair generated a remarkable, bullish trend over the last couple of weeks, as the pound gained ground against most of the other major currencies. As has already been stated on multiple occasions, part of the reason for the nearly vertical rally is the global energy crisis, which has prompted heightened investors' demand for lower-risk securities. [...]
The price action of gold is currently drawing near the lower limit of the massive consolidation range that was outlined in our previous analysis of the commodity. Given the underlying range-trading environment, bulls can try to take advantage of this by going long on the expectations for another rebound. Bearish pressure was bolstered over the last few days as headline inflation in the U.S. and Europe is [...]
Gold is undergoing a correction, as investors take profits to offset losses from falling stock prices, impacting their margins. However, we anticipate a renewed wave of [...]
The Swiss stock market index is mirroring its global counterparts, such as Germany 40 and US100, experiencing a sharp decline following the announcement of new [...]
We’re analyzing the weekly chart to grasp the broader market trend. Over the past three years, the US30 index has surged by 17,000 points, often resembling a nearly straight [...]
Over the past week, the DAX has experienced a sharp decline, plunging by an astonishing 3,400 points. This downward movement is not isolated, as its international counterparts, such as the UK100 and US100, are also facing significant [...]
EURUSD recently formed a double top at 1.0930, signaling a potential trend reversal, and has since begun a correction. After a 600-pip rally since early March, a pullback at this stage is both expected and healthy. Given these conditions, we are placing a [...]
Since early March, EURJPY has surged nearly 1,000 pips, providing us with several excellent trading opportunities. However, as the rally matures, many early buyers are beginning to take profits, leading to a noticeable slowdown in the uptrend. On Friday, the pair formed a [...]
The AUDJPY currency pair continues to be dominated by bullish momentum, as multiple golden cross patterns reaffirm the strength of the ongoing uptrend. Despite this, we are witnessing a much-needed [...]
The EURAUD currency pair appears to be undergoing a trend reversal, signaling a potential shift in market direction. A notable technical development is the formation of a Death Cross on the chart, a widely recognized bearish indicator that typically suggests a [...]
After securing an impressive 200-pip profit last week, the EURJPY currency pair is now undergoing a southward correction, retracing some of its recent gains. Despite this temporary pullback, the Golden Cross remains intact, reinforcing our view that the overall trend continues to be [...]
The appearance of a Golden Cross in Silver strengthens our analysis that the metal is currently in a strong uptrend, indicating further bullish momentum in the market. This technical pattern, where the short-term moving average crosses above the [...]
This trade presents a considerable level of risk and can be classified as an opportunistic move based on recent price action. The GBPUSD currency pair has experienced a substantial bullish rally, surging by nearly 500 pips in a strong upward movement. However, after this extended period of appreciation, the pair is showing signs of a potential [...]
The anticipated Death Cross on the SMI20 appears to be failing as price finds strong support at the 23% Fibonacci retracement level. After testing this area, the index has shown bullish strength, printing several large green candles, signaling an increase in [...]
A Golden Cross has just appeared on the USDJPY chart, signaling a potential bullish move. This technical pattern occurs when the 20 period moving average crosses above the 60 period moving average, a widely recognized indication of increasing [...]
After 2 months of a down trend, we finally see some indications of price recovery for Oil. The golden cross, a historic buy signal, supports this [...]
For the past month, the German DAX40 has experienced a remarkable 10% surge, reflecting strong bullish momentum. Despite ongoing market volatility and frequent pullbacks, every dip continues to attract fresh buyers, reinforcing the [...]
Oil continues its downward trajectory, despite occasional pullbacks. The overall trend remains bearish, reinforced by multiple Death Cross patterns, a classic sell signal indicating further weakness. Adding to this bearish outlook, the critical [...]
Over the past few days, gold has experienced a sharp decline of more than $100. This downturn can be attributed in part to traders securing profits to manage their margins, which are under strain due to the significant drop in major indices. Currently, gold has fallen below the [...]
The NASDAQ 100 index is showing strong bullish momentum, as evidenced by the formation of a Golden Cross on the chart. This classic buy signal occurs when the short moving average crosses above the long term moving average, suggesting that upward momentum is [...]
The EURAUD currency pair has encountered a significant resistance level, failing to break above the critical 61% Fibonacci retracement level. This suggests that bullish momentum is weakening, reinforcing the case for a potential downward move. Given this technical setup, we favor entering a [...]
The UK100 is experiencing a remarkable rally! Over the past few weeks, the British stock market index has surged nearly 800 points. Each minor dip has attracted more buyers, fueling the bullish momentum. However, since last week, we’ve observed a slight [...]