Gold is forming a strong decline. The price is breaking support levels without any particular reaction from the buyers. The decline is likely to continue until gold finds strong support TA on the high timeframe: 1) The market is breaking the 0.5 fibo area and forming further momentum. One of the key support levels may be tested soon 2) An area of liquidity that...
GBPJPY was trading in descending parallel channel and recently it seems like the sellers are bit exhausted now and bulls took the charge and now has given the breakout from descending channel. Currently the price is forming a local support around 181.80 region. Will the bulls take charge again continue for leg higher? What you guys think of this idea?
OANDA:XAUUSD has been making a new downward jump since the opening of the session on Monday. The strong distributive move continues. The price is approaching an important area The chart shows an important liquidity area, but not the final one (1800). At the moment I am interested in the 1828-1812 area. The nearest support line may be tested soon, followed by a...
FX:EURUSD is forming a retest of resistance of the descending price channel. On the senior timeframe (D1) the preconditions for further sell-offs are forming The market is in the bear market phase. The resistance retest forms a consolidation of the price below the level, which forms a bearish potential before the further fall. At the moment, the fundamental...
OANDA:XAUUSD shocked a lot of people in the last week, but we were ready for it and I have been setting medium term targets like 1875, 1850 and even 1800 for quite some time. On Friday the market closes below 1850 and within the candlestick analysis there are preconditions for further fall. In the coming week there will be important news that will help to...
OANDA:XAUUSD stops its fall after reaching our yesterday's target. After a false breakout of 1860, a counter-trend correction to resistance is forming. But why!? The price cannot fall all the time, after a strong movement to one side or another a correction is formed to increase liquidity - complex mechanisms of market management by big players. The price is...
XRPUSDT was trading in descending parallel channel and recently it seems like the sellers are bit exhausted now and bulls took the charge and now has given the breakout from descending channel. Currently the price is forming a local support around 0.5070 region. Will the bulls take charge again continue for leg higher? What you guys think of this idea?
EURCAD is trading under the declining trendline and break through Support and closed below this zone. now the price perfectly retest of broken level at 50% fib retracement level. Will the sellers attack again and send the price to 1.4160 level? What you guys think of this idea ?
BINANCE:PEOPLEUSDT forms a local bottom, breaks the resistance of the descending wedge and one of the key levels within the realization of consolidation. A new corridor is opened As BINANCE:BTCUSD tests a local high near 26800, an altcoin reaction is forming. Even though the SEC has postponed the adoption of BTC-ETF indefinitely, the market is getting a...
FX:NZDUSD forms a breakout of the descending channel resistance and forms a symmetrical triangle. Breaking the resistance of the pattern could give a strong impulse, but amid the strengthening of the TVC:DXY there is little chance for that. The dollar continues to strengthen towards 107.5, as I mentioned earlier in my ideas. Against this background, the...
OANDA:XAUUSD is breaking another support line again. Bearish prerequisites, which I previously wrote about, putting the market in the phase of realization of accumulation, a high chance of continuation of the fall On the chart we see the formation of a global consolidation range. The price breaks the support at 1915.3. The correction after the breakout is...
BINANCE:KNCUSDT stops its decline in late 2022 at 0.495-0.500, thus forming a bottom. The market holds this area quite confidently. And at some point, on the background of weak BINANCE:BTCUSD , KNC forms a resistance breakout, which could be the first bell On the chart we can compare the behavior of the last few days of BTC and KNC. The second one feels...
FX:EURUSD continues to form a downtrend. At the moment we see a rebound from resistance and a retest of support at 1.06350, which ends with a slight strengthening of the currency pair EURUSD is waiting for a reaction from the US market, namely we are all watching the dollar index. It forms a retest of the strong resistance at 105.00 and forms a rather strong...
USOIL 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 88 region. What you guys think of this idea.
AUDCAD is trading in more like of descending channel pattern and recently it seems like the sellers are bit exhausted now and the pair is started to get support within the channel. Currently the price is forming a local support around 0.86400 region and there are chances that a bullish divergence may form here. Will the bulls take charge again continue for leg higher?
FX:GBPUSD enters a new range amid a global reversal pattern, as evidenced by the breakout of a strong liquidity area and the 200-day moving average At this stage it is difficult to talk about the strengthening of the price. The currency pair overcomes the mark of 1.24500-1.24000 and enters a new medium-term range, within which the pound can reach 1.20000. This...
Hello everyone, I invite you to review the ATOM chart in pair with USDT. First, we will use the blue lines to mark the downward trend channel in which the price moves in the upper range. Going further, we can move on to marking support areas when we start a larger correction. And here you can see that the price remains at the support zone from $7.08 to $6.09, but...
CHFJPY Break it's Support and closed below this zone. Where after a correction a big down fall is expected. Pair hold a support for the long time now moving below this zone. If price hit the mentioned zone I am expecting support zone will act as a resistance and push the price more bearish.