The EURUSD short-term downtrend continued yesterday. The price tested the Gold Zone 1.0667 – 1.0657. The zone hasn’t been broken out and the price went down below the zone at the end of the American trading session, Therefore, if the price retests the GZ and the zone is not broken out, one could enter buy trades …
Euro/Dollar forecast for today: EURUSD analysis 06.01.2023 Read More »
Yesterday, the gold price tested resistance (А) 1978 – 1974. This zone has been held down, and one could enter shorts around this resistance zone with a target at the low of May 30. If this low is broken through, the next downside target will be the Gold Zone 1916 – 1912. In an alternative scenario, the …
Gold forecast for today: XAUUSD analysis 06.01.2023 Read More »
Oil is trading in the short-term downtrend. The sell target is the lower Target Zone 65.99 – 65.12. The price is being corrected up. Following the correction, the price could test resistance (А) 70.29 – 70.00. Once this zone is tested, I suggest entering short tardes with a target at the low of May 31. If resistance …
Oil price forecast for today: USCrude analysis 06.01.2023 Read More »
No matter how many FOMC officials favor raising the federal funds rate, the final decision is made collectively. If top Fed officials insist on a pause, it is likely to happen. Let’s discuss this topic and make up a trading plan for EURUSD. Weekly US dollar fundamental forecast After numerous comments from FOMC officials about additional …
USD: quantity will not turn into quality. Forecast as of 01.06.2023 Read More »
Ethereum continues to develop a downward corrective wave [B]. The internal structure of this wave is similar to the triple zigzag (W)-(X)-(Y)-(XX)-(Z). The linking wave (XX) has been completed within the specified corrective pattern. It has a horizontal shape of the A-B-C zigzag. Shortly expect the development of the bearish actionary wave (Z) to the …
The Ripple market is building a global linking wave X as a triple zigzag [W]-[X]-[Y]-[X]-[Z]. Recently the second linking wave [X] has been completed. Soon expect a decline in the bearish actionary wave [Z]. It will end around the previous low of 0.409. In the current situation, consider opening short trades. Trading plan for XRPUSD today: Sell 0.505, …
Bitcoin has completed the linking wave [X] as a standard zigzag (A)-(B)-(C). The most recent BTCUSD chart section displays the formation of an actionary wave [Z] as a bearish triple zigzag (W)-(X)-(Y)-(XX)-(Z). Shortly expect a small upward movement in the sub-wave (XX). After that, the price will decrease in sub-wave (Z) to the level of …
The EURUSD short-term downtrend continues. The price approaching the Gold Zone 1.0667 – 1.0657. After the GZ test, the price could be corrected up. If the GZ is broken out and the price consolidates below, the next upside target is the Target Zone 1.0551 — 1.0529. One could enter new sell trades on the correction to …
Euro/Dollar forecast for today: EURUSD analysis 30.05.2023 Read More »
The gold price continues declining in the short-term downtrend. The price is due to break out the Target Zone 1956 – 1943. If the price consolidates below the TZ, the downside target will be the Gold Zone 1916 — 1912. It is relevant to enter new shorts on the correction to resistance (A) 1978 – …
Gold forecast for today: XAUUSD analysis 30.05.2023 Read More »
The oil price is going down to support (А) 71.79 – 71.50. Once this zone is tested, one could enter purchases up to the high of May 24. If the high of May 24 is broken through, the next upside target is the Gold Zone 75.85 — 75.56. If the price goes below the low …
Oil price forecast for today: USCrude analysis 30.05.2023 Read More »
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