BITCOIN may be possibilities up ward direction present neutral outlook, The cryptocurrency markets inherent volatality necessities, careful consideration ,potential support and resistance levels may be may go for bullish trend
EURGBP is in a descending channel between the trend lines. The price is moving from the lower boundary of the channel and dynamic support. The chart has formed a harmonic pattern and is now holding above the 38.2% retracement level. We expect the growth to the level of 0.84075. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
Broadcom, one of the key favorites in the AI rally, is at a crossroads. AVGO has been in a steady logarithmic uptrend since October 2022, carrying the stock price from 41.51 to 251.88, marking an impressive 506% gain in about two and a half years. The company's EPS has been consistently increasing over the years and is expected to accelerate further this year. Although valuations are high, if Broadcom's performance in 2025 meets or exceeds expectations, the bullish case remains strong. The forward P/E for 2025 end is 28.7x. Currently, the price is stuck between the trendline and the 200 resistance level. The uptrend is supported by the 200-day moving average. The trendline sits around 184, while the SMA is at 182.50. For a more cautious approach, 180 can be considered the key medium-term support level. If 180 holds and AVGO manages to break above the 200 resistance, there is significant upside potential for the bulls. The current analyst consensus for the 12-month price target is 251, which also coincides with the stock's all-time high (ATH).
??? EUR/USD news: ?The EUR/USD exchange rate has fallen sharply as the euro came under pressure after ECB President Christine Lagarde's warning of economic risks to the eurozone from potential US tariffs. ?Lagarde completed before the European Parliament's Economic and Monetary Affairs Committee during European trading hours on Thursday. She said that the 25% tariffs imposed by the United States on European imports, as threatened by US President Donald Trump, could reduce eurozone growth by around 0.3% in the first year, according to ECB analysis. The study also found that retaliatory tariffs from Europe could push that down to around 0.5%. ?Concerns about weak economic growth in the eurozone are dampening the appeal of the euro, as they could force the ECB to make further rate cuts. ?Meanwhile, the US Dollar Index (DXY) rose as the Federal Reserve showed no urgency in adjusting its monetary policy. The central bank keeps its benchmark interest rate in a range of 4.25% - 4.50%, despite uncertainty surrounding President Trump's policies. Personal analysis: ?EUR/USD will continue to sell after these statements. Buying is risky at this time ?DXY has increased for the third consecutive day and shows no signs of stopping, after the daily RSI entered the overbought zone and showed signs of increasing convergence, making EUR/USD more likely to fall. Plan: ? Price Zone Setup: ?Sell EUR/USD 1.0860 – 1.0870 ❌SL: 1.0905 | ✅TP: 1.0810 – 1.0760– 1.0710 FM wishes you a successful trading day ???
The pair is under pressure considering the long period charts. The short-term would have some corrections, but overall it feels we may see trend line support test 159.80 area. Strategy SELL @ 161.40-161.80 and take profit near 160.17 for now.
My reasoning; Wave 2 of the Wave was a Zigzag from the weekly time frame, and as per the rules, Zigzags must be followed by Flats in any correction-- meaning our Wave 4 must be a Flat. Indeed, Wave 4 is a Flat, seen clearly in the daily time frame and it begins after Wave 3(in Black), with a three wave move that is not deep enough to be a correction. This is normal for Wave A in any Flat and is labelled in Dark Blue. After Wave A was completed, we would expect a Wave B and as per the rules, Wave B must go beyond Wave 3's ending. This can be clearly seen in both the daily and weekly time frames. Back to the daily time frame and we can take a closer look at Wave B that is still unfolding. Elliott rules dictate that B must be a three Wave move with two impulses and one corrective wave. The first impulse was formed and the second(corrective) was a Flat which is a corrective structure. Now all that is left is the third wave which will be the second impulse that will complete the Wave B(Dark Blue). Upon completion of this Wave B we could expect a Wave 4 to the downside. All these Waves have been measured by the Fibonacci Retracement tool.
1. Due to inflation and the operating cost in the UK, profit will drop for a while 2. Technically towards a big drop 3. Div. Not attractiv
OANDA:XAUUSD - Price is setting up for a lower-degree fourth-wave pullback towards the 38.2% Fib. retracement of wave ((iii)). Once that is achieved, the uptrend will resume.
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This is just a theory about CRYPTO:BTCUSD I think we’re going to see a lot of global economic problems in the near future. THEY will try to preserve THEIR capital with gold and Bitcoin, as the stock market stagnates. I believe we’re in the BUBBLE RUN, but the key question remains open: “At what stage of the BUBBLE RUN are we?”