The NZDCHF pair is trading within a well-defined descending channel, reflecting a bearish market structure. The price is approaching a key resistance zone which aligns with the channel's upper boundary. If the price confirms rejection at this supply zone, I anticipate a bearish move targeting the 0.50441 level, which represents a logical target for this setup. This setup suggests a continuation of the bearish trend within the current channel. Traders should watch for confirmation, such as bearish engulfing candles or long upper wicks, before considering short positions.
OCS arbitrage between icelandic and US market. This is a risk free trade given a couple of things.
Based on the chart of the U.S. Dollar Index: 1. **Trend Analysis**: The index is currently within an upward channel, indicating a bullish trend. The price is oscillating between the upper and lower boundaries of this channel. 2. **Recent Movements**: There’s a noticeable price peak around the upper boundary, suggesting potential exhaustion. The recent downward movement indicates the possibility of a reversal. 3. **Bearish Confirmation**: The note emphasizes waiting for bearish confirmation before executing any trades. This suggests that it's prudent to look for signs of trend reversal or weakening momentum before making a bearish move. 4. **Strategy**: The advice is clear: without confirmation of a bearish trend, no trading should occur, highlighting a cautious approach. 5. **Key Levels**: Watch for key support around the mid-channel and resistance near the upper boundary, which could signal entry or exit points. Overall, the chart indicates a cautious approach is necessary, focusing on confirmations before taking any trading actions.
Hi guys, we would be taking a look into the USD/CHF pair , and visualize how is it situated on 4H time frame, 1st the RSI indicator is showcasing very overbought area, 2nd we are formulating an inverse head and shoulders pattern with a very good visualized Descending pattern. Currently we are showcasing immense strenght in the USD , but things must correct, the DXY is sitting at immense high levels, so it is due a correction, we are seeing very good stability with the CHF and the correct approach to their monetary policy , if we go to a point which we dont see Interest Rate cuts in the U.S. this should cooldown the US Dollar and open quite a few good plays. Entry: 91.600 1st target 89.880 2nd target 88.500 3rd target 86.250 4th target 84.860 Do tell me below what do you think about this trade, what is your opinion and if you would add something to the analysis! As always my friends happy trading! P.S. If you have questions or inquiries about one of my existing set-ups or personal questions / 1 on 1 sessions consider joining my community so you can follow up with me in private!
There is quite a few factors in play here that helps me in confirming that price is actually going to fall further which are.. 1) The grab of the liquidity at the support turn resistance zone.. 2) price is ranging in a downtrend.. 3) if you understand the concept of BTMM you would be able to further confirm that price is in for the third impulse before a change in direction.... Apply good risk management as usual ? #PIPSPAYTHEBILLS #FOREXPAID #FXSTORM
Hi trader's. What do you think about bitcoinusd Current price: 96800 Bitcoinusd yesterday closing in low breakout now rest in resistance area possible to bitcoinusd test resistance 97700 then bitcoinusd fall down support zone 94000 . resistance zone: 97700.98000 First demand zone 94000 Target in demand 89500 Please like coming and thank you for support
In the short term we expect the EUR/GBP course to remain around £ 0.8398. This means that the euro remains relatively stable compared to the pound. - ** most important influences **: - ** interest differences **: If the European Central Bank (ECB) increases its interest rates, this can strengthen the euro. At the same time, the interest rate policy of the Bank of England (BOE) remains a crucial factor. - ** Inflation **: The recent developments in inflation figures in both the UK and the EU affect purchasing power and therefore on the exchange rate. - ** Economic growth **: If the UK shows economic growth that is stronger than in the EU, this can support the pound. In the long term (2025 and further) we provide a further weakening of the pound, with a EUR/GBP course that can rise to £ 0.848 in January 2025. - ** most important influences **: - ** Trade and Brexit effects **: The long-term consequences of the Brexit continue to play a role in the UK. Uncertainty in trade agreements can have a pressing effect on the pound. - ** Political stability **: Possible political instability, such as elections or policy changes in the UK, can increase volatility. - ** Sustainable growth and investments **: If the EU becomes more economically attractive for investors than the UK, the euro will perform stronger. Risks for GBP: - Any recession or slower economic growth in the UK can further weaken the pound. - Persistent inflation above the intended purpose of the Boe could put pressure on the British economy. We have inlaid a small buy with a buy series attached to it. The buy starts at 0.842.
EUR/USD is trading at 1.0257, showing signs of bullish momentum with a target price of 1.0800. The price action is based on the support and resistance pattern, with the pair currently bouncing off a strong support level. This bounce indicates a potential reversal and the start of an upward trend. The support level serves as a foundation for buyers to regain control, pushing the price higher. A steady climb toward the resistance level at 1.0800 is expected if the support holds firm. Traders should monitor this bounce closely for confirmation of bullish momentum. The setup presents a favorable opportunity for long positions, supported by technical analysis. However, risk management remains crucial to navigate market volatility. This move emphasizes the role of key levels in predicting price movements. Patience and strategy are essential to capitalize on this trade setup.
A look back of where we have been and where we might be going with GME liquidity. This short video takes you through the current and recent period of GME underlying stock liquidity
Market Analysis: NVIDIA Over the past three to four months, NVIDIA Corporation ( NASDAQ:NVDA NVDA) has demonstrated solid performance, with its stock price increasing by approximately 4.96%. This steady growth reflects the company’s strong position in the technology sector, driven by its dominance in GPU production, AI advancements, and cloud computing. The release of its latest financial results and continued demand for AI-related technologies have kept investor confidence high. However, market volatility and broader concerns in the tech sector may have tempered the pace of its gains. Overall, NVDA remains a key player to watch, especially as AI adoption accelerates globally. Why has the title been stuck in the same range for over 90 days? Let's always keep in mind that NVDA, from the low it reached in 2022, has now experienced an increase of about 1200%, so a sideways phase is completely normal, if not expected! Let’s take a look at the chart since May 25, 2023 (599 days // 317%) https://www.tradingview.com/x/VJlz59IM/ We can observe how the uptrend has always been accompanied by a very important trendline, which has now been retested and invalidated, all marked by a particularly unfavorable signal: a candle that opens higher, setting a new all-time high, and closes in the negative. https://www.tradingview.com/x/qjJjw4AY/ Nonetheless, NVDA has consistently exhibited a similar pattern – large uptrends, leaving gaps open almost everywhere, and long sideways phases, which usually lead to a breakout driven by earnings announcements. Let’s look at the examples the market provides us: https://www.tradingview.com/x/YhXCQ7dd/ We have the first upward move (1st), driven by earnings results that cause a gap up of about 20%, followed by a wide trading range in which the price remains trapped. Later (2nd), a strong bullish phase, and finally another sideways phase (3rd), all with very wide ranges! Now, the current zone is a difficult one to analyze because initially it seemed to be a bullish zone, but now appears to be more of a consolidation… https://www.tradingview.com/x/CngDazhW/ So, the situation we find ourselves in now is another moment for a buy or a trend change? Let us know your thoughts in the comments!