Huncho99

Huncho99

The potential for the price of Bitcoin ( BTC /USD) to go down could be due to a channel break and retest technical analysis pattern, as well as unfavorable fundamentals. In technical analysis , a channel break occurs when the price of an asset moves outside of a previously established trading range or channel. If the price fails to hold above the channel and...

Huncho99

The Australian Dollar (AUD) and the US Dollar (USD) exchange rate can be influenced by a variety of factors, including technical analysis , economic data, and market sentiment. Technical Analysis: Trendline Breakout A trendline break-out can indicate a change in the direction of the exchange rate. If the exchange rate has been trending lower and breaks below a...

Huncho99

The potential for the Australian Dollar (AUD) to New Zealand Dollar (NZD) exchange rate (AUD/NZD) to decline could be due to a channel retest technical analysis pattern and unfavorable fundamentals. On the fundamental side, there could be factors such as changes in interest rates, economic growth, and geopolitical events that may contribute to a decline in the...

Huncho99

The potential for the price of the Euro (EUR/JPY) to decline could be due to a trendline acting as resistance and the bears' inability to hold above it, as well as unfavorable fundamentals. In technical analysis, a trendline is a straight line that connects two or more price points and is used to identify a current trend in the market. If the price of an asset...

Huncho99

The GBP/USD currency pair is currently showing signs of a potential downward trend due to multiple technical and fundamental factors. Firstly, the trendline break suggests that the pair has broken below a previously established upward trend, indicating a shift in market sentiment towards a bearish direction. Secondly, the appearance of a double top pattern, where...

Huncho99 Updated 

he AUD/USD currency pair is showing signs of a potential rise, due to a combination of technical and fundamental factors. First, on the technical side, the AUD/USD has recently retested a key upward trendline, which is a bullish sign. This trendline has acted as support in the past and a retest of this level often results in a continuation of the prior...

Huncho99

The potential for the price of Bitcoin (BTC/USD) to go down could be due to a channel break and retest technical analysis pattern, as well as unfavorable fundamentals. In technical analysis, a channel break occurs when the price of an asset moves outside of a previously established trading range or channel. If the price fails to hold above the channel and retests...

Huncho99

The analysis of XAU/USD , also known as the gold market, suggests that the market is in a bearish scenario based on two key technical factors and underlying fundamentals. Firstly, the break of an ascending trendline and subsequent retest indicate that the market is losing its bullish momentum and could continue to decline. The retest confirms that the previous...

Huncho99

The analysis of XAU/USD , also known as the gold market, suggests that the market is in a bearish scenario based on two key technical factors and underlying fundamentals. Firstly, the break of an ascending trendline and subsequent retest indicate that the market is losing its bullish momentum and could continue to decline. The retest confirms that the previous...

Huncho99 Updated 

GBPAUD is a currency pair that is currently in a downtrend channel and traders are anticipating a retest of the bottom of the channel. In addition to the technical analysis, the fundamental factors that are driving the GBPAUD lower include the weakness of the British pound and the strength of the Australian dollar. The pound has been impacted by Brexit...

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AUD/JPY is a currency pair that represents the value of the Australian dollar in Japanese yen. There are several factors that suggest that the AUD/JPY pair is likely to rise in the near future. First, the pair has been retesting a strong trendline of support, indicating that the market is finding buying interest at these levels. A trendline retest often signals...

Huncho99

The EUR/AUD currency pair is currently trading within a downward channel, with the price touching the trendline for the third time. This repeated touch of the trendline, combined with momentum indicators, suggests that the downward trend is likely to continue in the short term. One key factor contributing to the downward trend is the relative strength of the...

Huncho99

The analysis of XAU/USD , also known as the gold market, suggests that the market is in a bearish scenario based on two key technical factors and underlying fundamentals. Firstly, the break of an ascending trendline and subsequent retest indicate that the market is losing its bullish momentum and could continue to decline. The retest confirms that the previous...

Huncho99

The GBP/CAD currency pair represents the value of the British pound sterling (GBP) in Canadian dollars (CAD). There are several technical and fundamental factors that suggest that the GBP/CAD may go down in the near term. One technical factor is the downward channel that has formed on the GBP/CAD chart. In a downward channel, the price of the currency pair moves...

Huncho99

The GBP/USD currency pair is currently showing signs of a potential downward trend due to multiple technical and fundamental factors. Firstly, the trendline break suggests that the pair has broken below a previously established upward trend, indicating a shift in market sentiment towards a bearish direction. Secondly, the appearance of a double top pattern, where...

Huncho99

Bitcoin- A descending channel is a pattern that appears on the price chart when the price forms lower highs and lower lows over time, indicating a downward trend in the market. Bearish momentum, or a downward trend in the speed at which the price is moving, is also a contributing factor to the potential decline. Moreover, negative fundamental developments, such...

Huncho99

The US Dollar Index (DXY) is a measure of the value of the US dollar relative to a basket of other currencies. There are several factors that suggest that the DXY could rise in the near future. First, the US economy is recovering from the impact of the COVID-19 pandemic, with strong job growth and rising consumer confidence. This is likely to support demand for...

Huncho99

In the analysis of XAU/USD, there are several factors that suggest that the price of gold (XAU) is likely to rise. Firstly, the trendline retest is a bullish signal. A trendline retest occurs when the price of a security retests a previously established trendline after breaking above or below it. In this case, the trendline retest is bullish because the price has...