EURCAD is in strong bullish trend. As the market is consistently printing new HHs and HLs. currently the market is retracing a bit after last HH, which is also the 50% fib retracement level and local support as well. if the market successfully sustain this bullish confluence the next leg high could go for new HH What you guys think of this idea ?
FX:USDCHF is entering the correction phase after a prolonged bullish trend. The trigger is the DXY correction (on the local timeframe).The support at 0.89866 may be broken soon. On the chart, we see a breakout of the support of the ascending price channel. The support tandem consists of the ascending line and 200-SMA, which is a rather strong signal,...
EURCAD is in strong bullish trend. As the market is consistently printing new HHs and HLs. currently the market is retracing a bit after last HH, which is also the 50% fib retracement level and local support as well. if the market successfully sustain this bullish confluence the next leg high could be 1.4600. What you guys think of this idea ?
We expect further downside on this pair, signalled by the breakout of the ascending channel pattern. We can also see the formation of a low high and a breakout of a key level which further supports our directional basis.
USDJPY continues to trade within the upward price channel. Following the dollar index, the currency pair continues to strengthen TA on high timeframe: 1) A resistance retest is being formed. If the global zone is broken through, the price will continue its growth 2) The ascending price channel is formed following the DXY. TA on the low timeframe: 1) Important...
USDCAD is in consolidation. A symmetrical triangle with a correction phase to the support area is being formed. The trend is upward, the currency pair follows the dollar index TA on the high timeframe: 1) The dollar index is going to rise, and so is the USDCAD currency pair. 2) A rebound from the support area with further breakout of the triangle resistance is...
OANDA:XAUUSD has been forming a correction since the opening of the session and has reached the area of 1910. The price enters the panic zone relative to 1914. What should we expect from gold next? The correction on the background of a strong surge of energy and distributive movement should have happened. The market should pull back and gather potential before...
GOLD is actively strengthening. At the moment the cost is 1890 and this is not the limit for today's session. We are interested in the mentioned resistance, will gold be able to reach it? TA on the high timeframe: 1) Both gold and the dollar are strengthening, but how long will this tandem be accompanied by an overall direction? 2) There is no important news...
Binance Coin (BNB) has emerged as one of the stalwarts in the cryptocurrency space, showcasing remarkable strength and resilience. Let's delve into the fascinating world of BNB's price action, particularly its impressive ascending channel on the weekly chart, and explore the potential for a bullish breakout. Binance Coin's Ascending Channel: A Powerhouse of...
Hey traders, haven't done my TECHNICAL ANALYSIS on the 30MINS time frame, my idea on USDJPY is a bearish one ..... looking closely at the 30MINS chart on FOREXCOM:USDJPY , one can see the market formed an before we eventually saw a break of structure outside of the lower trend line ...... later on, price came back to retest the lower trend line giving us...
My name is Philip, I am a German swing-trader with 4+ years of trading experience and I only focus on price action and market structure 🖥️ I am trading the higher timeframes because this allows me to massively capitalize on the major market swings and cycles without getting caught up in the short term noise. This is how you build real long term...
USDJPY is forming a pre-breakdown consolidation in the format of a symmetrical triangle. If the resistance of the figure is broken, the price will fly to 149.65 TA on the high timeframe: 1) Strong bullish trend 2) A bullish reaction to the trend support will be formed TA on the low timeframe: 1) Symmetrical triangle - consolidation of potential before its...
FX:USDJPY is forming a correction to trend support amid the corrective movement of DXY (Dollar Index). Logically, on an uptrend, support should push price up, but what could go wrong? On the daily timeframe TVC:DXY is forming a correction to an important support, the reaction could be bullish, thus USDJPY will start to form a rise to resistance. At the...
GBPUSD is forming a breakout of local resistance and a retest of the key resistance. A technical pullback may be formed, but the market is ready for growth. We expect a breakout of 1.2269 and growth to the far frontier TA on the high timeframe: 1) On D1, the market is overcoming the resistance at 1.22246, thus breaking through the base of the reversal set-up...
TRUUSDT is in strong bullish trend. As the market is consistently printing new HHs and HLs. currently the market is retracing a bit after last HH, which is also the 50% fib retracement level and local support as well. if the market successfully sustain this bullish confluence the next leg high could be 0.0440.
AUDJPY was trading in bullish structure till the sellers took control from channel resistance and has given the massive sell rally. That sell rally break the inclining trendline. Now the price is retesting the broken trendline and broken support level. it seems like the sellers can attack again this bearish confluence. If the sellers takes charge again, the next...
USDCHF breaks trend support and below forms another barrier. Consolidation and another retest of the lower line is forming, which may lead to a breakout and price decline to 0.90910 or 0.90225 TA on the high tamframe: 1) A retest of the 0.91202 level is forming after 3 months. There is not much chance that price will break this area on the first try 2) The...
Bitcoin will hit 39k this year in December 2023, according to my technical analysis and calculations. This new analysis is on the 12h chart and shows very important technical data! First, we need to consider the major yellow descending trendline. This trendline has been destroyed by the bulls, and we also had a successful retest of it! This is your chance to...