OANDA:XAUUSD continues to decline. Since the end of the last session the price forms a limit support level and forms a pre-breakdown consolidation. The realization of a false breakout of global resistance begins The price is forging a local support level, but still has not updated the previous one, formed in late August. Consequently, the market has a target...
OANDA:XAUUSD is breaking support, MA50 & MA200 and is building momentum, making local lows along the way. Back in Sunday and the first two days of the new week, I talked about an impending fall from 1950. What happened? We see a 250 pip drop. After the retest of 1926, a new bearish impulse is forming. The local resistance level is doing its job. It is not...
GBPCAD in the format of a global ascending price channel forms a setup that may resume upward movement after a small stagnation in the flat format TA on the high timeframe: 1) The market is in a bullish trend. Consolidation is forming above 1.71000. 2) The liquidity area on the support side may not let the price down, but on the contrary, push it up and make the...
The next crash is coming for the price of Bitcoin, but first we need to correct the recent downtrend! This correction can be pretty significant up to the 0.618 FIB retracement, which is at 27,609. You probably want to set your limit orders to short BTC at this level! After a bullish correction, I expect another huge crash, kindly to 20k. But of course we are...
GBPJPY forms potentially different signals on different timeframes. But there are localized preconditions that increase the chances for a fall. TA on the high timeframe: 1) Price failed to form an impulse after breaking through the resistance at 183.76. A consolidation with locally declining highs is forming. We see pressure from the sellers. 2) On H4, a kind...
OANDA:XAUUSD is testing the 1947 resistance again but after updating the low. The market is in place and is forming flat consolidation. Let me remind - globally the price is testing the resistance of the key descending channel Locally we have a bullish price channel. Globally, a bearish trend is forming on D1, the price is testing the resistance after a month...
OANDA:XAUUSD on D1 is forming the preconditions for further growth, but there is no such thing on H1. NFP played no role for gold while the dollar is strengthening strongly There are not many key news this week, but they all come out on Wednesday and are all worth paying attention to as the data indicator will give us a medium-term view on pricing: 1) SP...
BITSTAMP:ETHUSD breaks the global trend support. The breakout is not false. Local support at 1631 is forming on the chart. After a small correction there are prerequisites for further decline. A wedge is formed on the global timeframe, the price bounces off the resistance and in the format of correction is heading towards the range support. Before the global...
USDCAD was trading in bullish ascending channel and then buying pressure seems limited. Now the pair is seems to be under strong sell pressure and break through important support zone with enormous sell pressure. If the bears pressure is still on then bear's next target will be 1.3400. What you guys think of it ?
Gold on the global chart is testing the resistance of the key descending channel. There is little chance of a breakout of this area as gold's growth has been distributive. A pullback after a false breakdown may follow TA on the high timeframe: 1) A retest of the descending channel resistance is formed 2) The retest is formed after a month, that's a lot of time...
OANDA:XAUUSD makes another jump and updates the high of almost 4 weeks ago. All this is happening after breaking the resistance of the ascending channel. Locally, a symmetrical triangle is formed, which can form an impulse both up and down, the main idea here is that consolidation is formed, which indicates that the market is preparing for further...
OANDA:XAUUSD forms a false break of 1919 support and forms a rally. Yesterday I talked about consolidation on D1, relative to resistance, where we should expect a breakout. It happened, but the momentum was bigger than expected As part of the bullish momentum and breakout of the consolidation, the price also breaks the resistance of the ascending channel,...
AUDCHF is trading in ascending channel but it seems like the buying stream is being limited. As the pair has started to form bearish candles from resistance zone. Currently the pair is hovering at local resistance zone but looks like sellers will take charge and continue to downside. Don't forget to share your reviews as well.
OANDA:XAUUSD updates the local high, forms a retest, but cannot pass the area. The price is forming a correction that may reach the trend support area Within the medium-term perspective on D1, the price is forming a setup for medium-term sales, but there is no confirmation yet. On the local chart the price is in an uptrend and is preparing to continue rising....
An ascending channel pattern formed on the daily chart of the XPT/USD pair (Platinum CFD) after a downtrend that lasted for about one month. It can now be used for a bearish breakout trade setup. The pattern's borders are marked with the yellow lines. The potential entry level is at the cyan line. The potential take-profit level is at the green line. The position...
Gold continues to strengthen.On Monday, the price is strengthening and testing the nearest key resistance. On the D1 chart we see a bearish trend, and on the local chart a gradation of resistances from 1922 to 1916 is forming, forming a tightness TA on the high timeframe: 1) Gradually declining highs points form a bearish trend 2) Price forms a rebound after...
GBPJPY is forming an ascending price channel, but at the same time we see a reversal pattern forming and a retest of trend support. TA on the high timeframe: 1) Price breaks the resistance at 184.76 and forms a local high of 186.764 2) The liquidity area forms a density from which the price bounces and tests the key resistance TA on the low timeframe: 1) An...
OANDA:XAUUSD continues to form counter-trend correction within the upward price channel. On the global timeframe the resistance area 1920-1935 plays an important role, the price is testing it Globally, the market has a bearish trend, an upward correction is forming on the 1H while the DXY continues its strengthening. The forex market, where the dollar is in a...