Daily Analysis EURUSD range trading opportunity, DXY ABC corrective pattern or WXYXZ, EURGBP update Daily Analysis 09-August-2023 DXY EURUSD EURGBP In this video I explained the possible development of the Dollar Index, EURUSD, and EURGBP. The market is focused on the CPI data from the U.S. and as I explained we are not expecting changes. This may create a...
EURUSD and DXY: Two Possible Scenarios This time I am looking at EURUSD in relation to DXY. If DXY will confirm the bearish movement that will confirm that we may see a price correction on the USD pairs. This will increase the chances for a bullish movement on the EURUSD. However, DXY can also grow from the current price position and it may move EURUSD down...
EURGBP: Price May Bounce Back From 0.8600 During the previous week, the price reached our first target. The bullish volume created during the BOE interest rate decision and the dovish comments pushed the price up but for a short period of time. Actually, the price is back in the zone again and the chances are that it may grow from the support zone near...
Matic: Bullish Above 0.6780 During the last few days, the price broke out from a solid wedge pattern. The chances are very high that Matic grow further. However, we have to be as the price may create any correction up to 0.6780 before it moves up again. Thank you and Good Luck!
SHIBA INU: Time For Another Bullish Wave Since the previous analysis shared on August 3, the price reached our first target as expected. The chances are very high that we may see SHIBA growing again after any small correction. Price completed a bullish channel and it is getting ready to grow even more during the coming months. The big move just began. Thank...
BAC: Dividend Day May Help The Price To Grow Even More After the price broke out of a strong structure around 30.70, we can see that it is already consolidating and preparing for another bullish move. The current price position combined with the EX- Dividend date, which will be August 31st, could raise the possibility that the BAC price could go higher. Let's...
Market Outlook! Fundamental & Technical Analysis! DXY, EURUSD, GBPUSD In this video, I have explained in detail the main economic events for the new week and the possible impact on the market. The focus this time will be on DXY, EURUSD, and GBPUSD You may find more details in the video! Thank you and Good Luck!
BTC: Waiting For The Bearish Wave During the previous month, the price reached a new high at 31800. Since that moment it was only creating a big corrective pattern that lasted for almost 1 month. After the price broke down this big correction we can see also another small correction which added the chances for a bigger correction From the previous analysis,...
EURUSD is Stuck Within an Area of 130 Pips After the price increased during the NFP data on Friday, we can see that the market is still hesitating to move against the USD. As I explained also yesterday the price is stuck within a large zone and it is not showing any clear direction. Only a move above or below the "white zone" will show the next price...
APPL: The time of the bears is coming Apple has been moving within a narrow "Ascending" channel since early March 2023. We expected the price to break out of the channel and this would be a great opportunity for the bears to take control of the price. It seems that the big day is coming. We may soon see APPL go down for correction. In my opinion, the price is...
USDCHF: The NFP Data Confirmed a Bearish Move After the weaker-than-expected NFP data from the U.S front we can see that USD is suffering losses so far. On USDCHF the price just confirmed a bearish H&SH pattern and also a big bearish candle wish is showing for a bearish continuation movement. Be careful as it is very risky again because the market is not...
EURGBP: The price may grow again after BOE Yesterday the BOE didn't bring anything new to the market. Everything shared during the press conference was very old and all the central banks keep repeating the same old comments. It is becoming a very ugly situation. Market expectations were again very high from the BOE and this disappointment could cause the...
GBPUSD: ADP From The U.S and BOE Tomorrow Are Pushing GBP Down After the better-than-expected ADP data from the U.S, the price is moving down slowly and USD is getting stronger. ✅USD ADP Employment Change(Jul) Actual 324K Expected 189K Previous 497K ✅It may add hopes for stronger NFP data on Friday and also it should support the USD on the...
GBPCAD: The Bears May Have The Price Control Today Today we have the BOE interest rate decision. It will be a very interesting and also very difficult day for the British Pound. Lately, it is discussed that even if BOE will support GBP by increasing the Interest Rates the country may face bigger problems with inflation, and also a new topic is now...
Natural Gas May Test 2.3 During This Month After a big corrective pattern where the price spend many days finally we can see NG moving down again. NG had a long time that it was not holding very well the bullish volume and a bearish movement was again on the cards. The price broke below 2.55 today and it is increasing the chances that it can move down further...
EURCHF Top-Down Analysis! Harmonic Pattern Completed Near the "All-Time Low" Area Considering that the price has already completed a bullish harmonic pattern near the "All Time Low" area, chances are that we could see EURCHF rise over the coming weeks. We have to be patient because the value of the CHF is manipulated by the SNB since last year. What we need...
SHIBA INU: Time For Another Bullish Wave On June 10th, all Altocins created a very strange new price low at a time when BTC didn't move at all. The movement was very speculative by nature but as we can see the market recovered again and moved back up where it was before. We can see SHIBA today and it is better than one month ago after the big stop...
USDJPY Ahead of US Employment Data! Eyes back to the 145, BOJ Threshold! What's Next? Forex Fundamental and Technical Analysis! Over the past week, the BOJ took no further action on the future of the Japanese yen. They are not showing the will to change the yield curve as they promise several times. Despite the fact that they were criticized by many, we can see...