"3-Minute Mini Class" Sharing basic financial knowledge every day, guiding you from beginner to expert. Follow me and improve a little bit every day! Financial freedom is getting closer to you!
? USDCAD Price Forecast ? The USDCAD market is currently consolidating within a range, positioned at a supply zone. The direction will depend on whether buyers or sellers take control at this critical level. ? Bullish Scenario: Buyers are gaining momentum, as indicated by the break above the 50 EMA and increased buying volume. If buyers dominate, a breakout above the supply zone is expected. ? Bearish Scenario: If sellers take charge at the supply zone, the price will likely break down below the 50 EMA, heading toward the demand zone. A bounce from the demand zone could lead to a renewed bullish move. ? Technical Target Levels: - 1.4460 - 1.4520 - 1.4580 ? Key Highlights: - Consolidation phase with potential for breakout or breakdown. - Watch for price action around the supply zone and 50 EMA for clear direction. - Volume indicates current buyer strength, but sellers could still influence the market. ✅ Stay Informed and Ready! Like, comment, and follow for precise updates and forecasts. Don’t miss the next big move—be prepared with actionable insights! ? ? Join the trading community for expert analysis and consistent success! #USDCAD #ForexTrading #TechnicalAnalysis #TradingSignals
Harmonic Pattern Trading Strategy: 1. Combine patterns with 2-3 confirmations (e.g., MA, BB, RSI, Stoch) for increased accuracy. 2. Implement proper risk management. 3. Limit exposure to 3% of capital per trade. 4. Exercise caution: Not every Harmonic Pattern presents a good trading opportunity. 5. Conduct thorough diligence and analysis before trading. Disciplined approach = Enhanced edge.
On Friday afternoon, gold came within two dollars of breaking back above $2,700. But it was unable to make the final heave, and it has drifted lower overnight and this morning. Despite this, gold has made impressive upside progress since the New Year, even as the US dollar has pushed higher. The Dollar Index is trading at fresh 26-month highs, just below 110.00. This comes as the US economy is outpacing all other majors. Its robust labour market, along with an uptick in inflation, is making it less likely that the Federal Reserve will be able to reduce interest rates much further this year, if at all. This increases the dollar’s appeal, particularly when the outlook across Europe, the UK and China appears so dire. While a strong dollar will often keep a lid on dollar-denominated commodities, including precious metals and, to a lesser extent, oil, this time around there are compelling reasons for gold, silver and crude oil to head higher. As far as gold is concerned, it has been under owned for many years. Yet, certain central banks, such as China’s, Russia’s and others across the Middle East, have been steadily building their reserves. While this may not be a precursor to replacing the US dollar as the world’s reserve currency, it is certainly an important diversification, and one that should be watched closely.
The GBPCAD pair is approaching a significant demand zone, highlighted by prior price reactions and a strong historical support area. The market structure suggests the potential for a reversal at this level. The overall context indicates that buyers may take control, pushing the price higher. I anticipate that if the price shows a clear rejection from the demand zone, the market may move upward toward the 1.77372 level. This setup aligns with the idea of trend exhaustion near support. If you have any additional insights or agree with this analysis, feel free to share your thoughts!
Descending channel is formed with no bullish divergence. Entry will be at retracement at 0.618 Fib value (1.03394). SL is above last LH.
prom/usdt new day trade movements This coin shows new volume patterns, which can be confirmed in the coming time as a day trade coin. We are going to follow this coin to see if it can be confirmed. This times with BTC breakdown it's hard to find confirmed day trend coins. The goal is to have a system that even if you have it wrong with 4 trades, that 1 trade will still be profitable over the 4 1/4
In the picture we can see clearly that the week before last week and last week were Staircase trends which are going to be Re-created in the 1h chart at the moment and could lead to a newer high touching the Resistance at 2725 and if that is broke 2800 looks free to reach again if we hold that trend but i could also be mistaken tho i dont think so since the 2 big uptrends are each 6000 ticks big and only one 3000 tick correction happened which could be made right now
The EURGBP pair is approaching a significant supply zone, marked by historical price reactions and strong resistance levels. The current market structure suggests the potential for a reversal from this area if sellers regain control. I anticipate that if the price confirms a rejection from this supply zone, the market is likely to move downward toward the 0.83611 level. This setup aligns with the idea of trend exhaustion near resistance. If you have additional insights or an alternative perspective, feel free to share your thoughts!
Some time ago, the price fell to resistance level 1, coinciding with the support area, and then immediately rebounded and began to rise. BTC rose to the second resistance level in a short period of time, coinciding with the resistance area, and then immediately made a small correction. After this, BTC turned up and quickly broke through the 97300 level, even slightly above the resistance area. The price traded near this area and then hit the trend line upward. When it reached this line, BTC turned around and began to fall within the pennant pattern. In this pattern, Bitcoin quickly broke through the 97300 resistance level, retested it, and continued to fall to resistance level 1. After the price reached the 93200 level, it broke through this level and fell to the low of the pennant (91185), after which it turned up and quickly rebounded, breaking through the first resistance level again. Next, the price traded near this level for a while, then reached the trend line, and then fell back. Recently, the price broke through the 93200 level again, thus exiting the pennant, and now I expect BTCUSDT to rise slightly and then continue to fall. In this case, I set a target of 90,000 points.