Structure has clearly shifted from distribution to accumulation. The earlier decline swept liquidity below 3,964, and from there price began printing a disciplined sequence of higher lows. That shift was confirmed by a break of structure near 4,060, followed by a strong impulsive leg that pushed price into the 4,170 region. The speed of that…
Kiwi (NZD/USD) could fall towards the pivot, which is a pullback support, and could bounce towards the 1st resistance. Pivot: 0.5707 1st Support: 0.5688 1st Resistance: 0.5728 Disclaimer:The opinions given above constitute general market commentary and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any…
After losing a third of its value in the first half of 2026, Bitcoin (BTCUSD) has rallied 5% to kick off July, boosted by dovish remarks from Federal Reserve officials. The pioneer cryptocurrency’s push back above the closely-watched $60K level also likely accelerated short-term momentum, with over $500 million in short positions liquidated in recent…
In our April update, we found, using the Elliott Wave Principle (EWP), that Ethereum () would ideally rally to $2626 before another decline. Meanwhile, we found it had to hold above $1938 to keep the bullish uptrend intact. ETH reached only $2423 on May 6, breached $1938 on June 8, which opened the door to…
Over 30 years ago, I watched the early stages of the Internet revolution unfold. The technology itself wasnāt new. Semiconductor chips had been around for years, but reality had finally caught up with innovation. Personal computers were finding their way into homes and businesses, and investors quickly recognized that computing power was about to change…
Less than 3 months ago, Snowflake was left for dead. The stock was one of the biggest names in software, and then software fell apart. Traders called it the SaaSpocalypse, the stretch where cloud-software stocks got torched on fears that AI would make them obsolete. Snowflake got hit as hard as any of them. At…
LUNCUSDT on the 12H timeframe is still trading within a Descending Channel (Falling Channel) that has contained price action since the early May peak. š The current structure indicates that the medium-term trend is still dominated by sellers, but price is approaching the end of the channel, increasing the probability of higher volatility and a…
Gold is trading inside a symmetrical triangle as markets await tonight’s key U.S. labor market releases, including Initial Jobless Claims, Employment Data, and the final positioning ahead of Friday’s Non-Farm Payrolls (NFP). These events are expected to inject significant volatility into both the U.S. Dollar and Gold. Price remains trapped between a rising trendline and…
1H Ā· US Nas 100 I started the week bearish, but NAS has shown real strength and I’ve flipped with it. Monday came in with an impulsive move up ā that’s my first tell for a bullish week. Since then price has been retracing down into the Daily FVG, which I read as accumulation, not…
EURJPY: BOJ Intervention Remains the Key Risk EURJPY broke out of an āAscending Channelā. This usually indicates an increase in downward momentum. Given that EURJPY is very overvalued, the chances of a decline are also higher. The only problem that makes this setup very dangerous is that it is related to the BOJ Forex Intervention….
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