🔺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.
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.
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...
📉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.
⚠️NZDCAD has been in a bearish trend since February but is currently in a consolidation phase. The pair is trading within a horizontal range on a 4-hour chart, with two potential scenarios depending on price reaction. A bullish scenario could see a move towards 0.823 if price breaks above 0.818, while a bearish scenario could lead to a continuation of the...
Gold reached a significant horizontal support level last week before rebounding and creating a rising triangle pattern on the 4-hour time frame. The triangle's upper boundary is defined by a horizontal resistance level that was broken today, indicating the strength of buyers and potentially signaling a return to an overall bullish trend in the market. The next...
📉GBPCAD has shown two significant bearish patterns on the 4-hour chart. These include a bearish flag formation and a double top pattern. The neckline of the double top has been breached. To confirm a sell signal, look for a breakout below the lower boundary of the bearish flag with a 4-hour candle closing below the support line. If this occurs, a bearish...
EURGBP had been trading within a large horizontal range on a daily basis for over a month. However, last week, the price successfully broke above its resistance level, indicating strength from the bulls. The price is now testing the previously broken structure and is expected to continue rising. Potential targets are at 0.8602 and 0.8619.
The EURUSD pair has broken and closed below an important daily support level, which has now become a significant resistance level. The market is currently testing this level, and I anticipate a bearish movement towards 1.0800.
↪️DXY has developed a well-defined head and shoulders pattern. With the breakout of its neckline indicating a significant bearish trend. It is likely that we will see a retracement to at least 104.05/103.91.
The GBPUSD price created a strong bearish candle with high momentum and broke through both a horizontal support level and a significant upward trend line, closing below them. There is a possibility of a retest of these broken levels followed by further bearish movement. The next support level to watch for is at 1.2543.
↪️EURCAD was consolidating within a horizontal range for nearly two weeks before breaking below the support last week. The former support level has now become a significant resistance level, and I expect the currency pair to move lower towards 1.4680 / 1.4656.
Gold created a descending wedge shape following a breakthrough of an important horizontal resistance. After testing a previously broken level, the price surged, breaking through the wedge resistance. It is likely that the pair will continue to rise, with targets set at 2184 and 2209.
The ⚠️EURUSD is nearing a level of demand and forming an expanding wedge pattern on the 4-hour chart. The intersection of horizontal support and wedge support will determine the next move. If the price holds above this intersection, a bullish correction could occur. However, if the price breaks below this level, the current trend is likely to continue.
↪️Gold recently broke out of a triangular consolidation pattern and surpassed its previous all-time high. This led to a new peak, closing above an important horizontal resistance level, now support. This suggests a robust trend and the possibility of continued growth, with the next goal set at 2224 following a retest of the shattered formation.
The GBPUSD recently test an important level of support before breaking through and closing above a resistance line in a bullish flag pattern on the 4-hour chart. This suggests that the pair may continue to rise, with a target of 1.2820.
The EURAUD pair has surpassed and closed above a resistance line within a horizontal range on a 4-hour time frame. This indicates a strong bullish signal following a breakout of an important horizontal resistance level. It is anticipated that there will be growth, with a target price of at least 1.6677 to 1.6730.
The Dollar Index surged significantly, breaking through a key support level made up of a vertical trend line and a horizontal range. The previously broken structure at 103.61 / 103.81 is now acting as a demand zone. I anticipate a bullish move from this zone, with a target of at least 104.24.