linofx1

linofx1

The GBPUSD experienced a significant decline yesterday following the release of CPI data. After reaching a new intraday low, a corrective movement began. The market was showing steady growth within a bearish flag pattern. To anticipate a bearish trend continuation, look for a bearish breakout below the flag's support level. If the price breaks and closes below...

linofx1

USDCAD is currently testing a strong horizontal daily resistance level. Once it reached this level, the price began to consolidate in a tight horizontal range on the 1-hour timeframe. To consider a short position with confirmation, it is recommended to wait for a breakout below the support of the range. A close below this level on an hourly candle will confirm...

linofx1

The GBPNZD broke through and closed below a short-term horizontal support level, which has now become a resistance level. Given that the pair is currently in a downward trend, it is likely that we will see further bearish movement towards lower levels of support. Selling targets are set at 2.0799 and 2.0706.

linofx1

The GBPCAD is experiencing significant bullish momentum. Initially, the market broke through a strong downward trend line on a 4-hour chart. Additionally, it surpassed a broad supply zone. These broken barriers have created a larger demand zone. I anticipate a bullish trend towards 1.724 - 1.728 levels.

linofx1

Last week, the EURUSD hit a significant level of support and formed an inverted head and shoulders pattern, which led to a bounce and a break of the neckline. This indicates strong buying pressure and suggests that the market may continue to rise after retesting the broken structure.

linofx1

On the GBPUSD chart, an inverted head and shoulders pattern has emerged within the 4-hour timeframe. The critical range for the neckline is between 1.2684 and 1.2660. A break and close above this range could be a strong signal to initiate a buy position, either immediately or upon a pullback to the neckline. Anticipation is set for a bullish trajectory aiming for...

linofx1

⚠️Gold is currently on an upward trend globally. It’s adhering well to the expanding rising wedge pattern seen on the 4-hour chart. After hitting the resistance, gold began a corrective phase. This uptrend has been ongoing for over a month. There’s a support cluster at the base of the wedge and a flat support level. The market’s response here could lead to one...

linofx1

Gold appears to be overvalued in my opinion. On the 4-hour time frame, the market has shown a rising wedge pattern and a double top pattern within that. Both the neckline of the double top and the support line of the wedge have been breached. This indicates to me that a corrective movement may be on the horizon for the pair. My targets are set at 2263 / 2240

linofx1

The Dollar Index has fallen below a strong daily support level and an important upward trend line. This has created a widening supply zone. I predict that we will see a downward trend starting from the highlighted area in blue, with a target of 103.17.

linofx1

📈EURUSD broke through an important horizontal resistance and closed above it. Given the current market rally, this breakout could lead to another wave of bullish movement. I expect the bullish trend to continue towards the targets above.

linofx1

The USDJPY is currently consolidating in a tight range on the 4-hour chart. Depending on how the price reacts, there are two possible scenarios. In a bearish scenario, traders should wait for a bearish breakout on the 4-hour timeframe and a close below the support level at which point a continuation to 150.24 is expected. On the other hand, in a bullish...

linofx1

DXY is currently at a point where a horizontal intraday support and a rising trend line intersect, forming a confluence zone. To enter a long position with confirmation, look for a double bottom pattern on a lower time frame. If the price breaks above the neckline and closes, a bullish trend towards 104.72 can be anticipated. On the other hand, if the market...

linofx1

The GBPNZD experienced a sudden decrease in value today, breaking and closing below the neckline of a descending triangle formation on the 4-hour time frame with a strong bearish candle. The next support level appears to be at 2.1000, which is likely the target for sellers. To enter the market, it may be worth considering a retest of the broken triangle neckline.

linofx1

The GBPAUD recently broke and closed below a support line in a bearish flag pattern on an intraday chart. This could potentially lead to a trend-following movement. The next targets to watch for are around 1.929 and 1.925.

linofx1

🔺AUDJPY is currently experiencing a slight downward trend. After hitting a horizontal support level last week, the market began a corrective movement in a bearish flag pattern. Today, the price has broken below its support and is expected to close below it. I predict that the pair may continue to decline towards the targets below.

linofx1

I am observing the NZDJPYJPY pair and believe there are clear indications of a bearish trend continuing on the 4-hour time frame. A significant head and shoulders pattern has formed, with both the neckline of the pattern and a rising support trend line being breached. I predict a downward movement in the near future with target levels at 90.19 and 89.92.

linofx1

Gold is currently experiencing a positive trend worldwide, with the price following the support of an expanding rising wedge pattern on a 4-hour chart. The next obstacles for the price are the horizontal resistance(All Time High) and the wedge's resistance. Depending on how the price reacts to these levels, there may be a new bearish correction or a...

linofx1

📉GBPJPY has recently shown a dynamic head and shoulders pattern on the 4-hour chart. The neckline of this pattern was broken today, leading to a close below it. This breakout suggests a potential correctional movement as buyers may be losing momentum. I anticipate a bearish movement towards 190.35 or lower.