EURUSD is trading in more like of falling wedge pattern and recently it seems like the sellers are bit exhausted now and the pair is started to get support within the wedge.
Currently the price is forming a local support around 1.0640 region and there are chances that a bullish divergence may form here.
Will the bulls take charge again continue for leg higher?
EURNZD is trading in descending channel and printing consistent LLs LHs. Recently the price is broken the important support zone and now retesting the broken level, which is also the 50% Fib retracement level.
If the sell momentum continues the next target could be 1.7945 region.
What you guys think of this idea.
Is AUDCHF exhausting at highs?
As the price is been on high bull run but now it seems like price is lacking bullish momentum after printing double top pattern at resistance level, suggesting the sell pressure is about to start.
If the bears took control , the 1st target could be 0.5738.
What you guys think of it ?
Is XAUUSD getting ready for some serious pain?
It seems like the gold is in the formation of ABCD pattern.
If the CD leg plays perfectly it will be red bath for gold bulls.
LTCUSDT has given the breakout from long term declining trendline and started new bullish trend.
As the market is consistently printing new HHs and HLs.
A retest of previous broken structure is due, if the market successfully sustain the retest it could be a nice buying option .
what you people think of this idea ?
KASUSDT 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 38% fib retracement level and the previous broken resistance might be turning as a support. if the market successfully sustain this bullish confluence the next leg high could be 0.05200.
FLMUSDT was trading under declining trendline and recently it seems like bulls are starting to take the charge and has given the breakout from declining trendline with significant bullish candles .
Currently the price is retesting the broken channel's trendline , if the retest level holds it could be a nice buying option.
What you guys think of this idea?
ARBUSDT is in strong bearish trend and also form bearish flag pattern. Recently the instrument has break through important support zone.
Now the price is trading within the bearish flag and seems like it getting ready to break it.
Will the sellers took benefits from these bearish confluences?
CHRUSDT is in strong bullish trend and recently has given the breakout from symmetrical triangle. The price was reacting well the support and resistance of triangle.
Currently the price has break through the resistance of triangle where the buyers are showing good strength .
If the breakout sustain to upside ,the optimum target could be 0.1090 followed by...
API3USDT has started new 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 38% fib retracement level and the previous broken resistance might be turning as a support. if the market successfully sustain this bullish confluence the next leg high could be 1.12
GBPAUD is trading in more like of falling wedge pattern and recently it seems like bulls are starting to take the charge and are about to breakout from wedge with significant bullish divergence as well. Currently the price is forming a local support around 1.9400 region.
Will the bulls take charge again continue for leg higher?
EURCAD is trading in descending channel and printing consistent LLs LHs. Currently the price is broken the important support zone then any retest of broken level will be another sell option.
If the sell momentum continues the next target could be 1.4500 region.
What you guys think of this idea
Is USDCHF exhausting at highs?
As the price is been on high bull run but now it seems like price is lacking bullish momentum after printing double top pattern at resistance level and bearish divergence suggesting the sell pressure is about to start.
If the bears took control , the 1st target could be 0.88600.
What you guys think of it
EURJPY has formed expanding triangle or we can say a megaphone pattern.
Usually price react extremely well to the support and and resistance of the pattern as we can witness in the pattern.
Currently the price is at the resistance of the pattern , if the price start to continue dropping the next target could be 157.715 followed by 157.192.
IDUSDT is trading in descending channel and printing consistent LLs LHs. Currently the price is trading at important resistance zone which is 50% fib retracement level as well. the red candles at resistance zone Will indicate the sell pressure.
If the sell momentum continues the next target could be 0.2000 region.
What you guys think of this idea
AUDUSD has selling for the past 8 consecutive weeks since 12th Jul 2023 to date.
Price is currently making upward corrections and i expect it to fulfill the fibo retracement conditions and then short further to the next significant level at 0.62780.
The DXY is on the front foot of strengthening more and that could even ignite more shorts on AUDUSD.
There is...
XAUUSD is trading in range and perfectly testing the lows and highs of the range.
Ranges are best in a sense just buy the support and sell the resistance.
Currently the price is hovering near the support level and seems like a fine buying opportunity.
If buyers attacks the support zone , it will be the easy ride of $15.
