The USD/JPY pair on the M30 timeframe displays a bearish signal due to a well-defined downward channel pattern, suggesting a potential selling opportunity in the coming minutes or hours. Key Points: Bearish Channel: The price has been confined within a descending channel characterized by two falling lines, one for resistance and one for support. This pattern...
The GBP/JPY pair on the M30 timeframe exhibits a bearish channel pattern, suggesting a potential selling opportunity in the coming minutes or hours. Key Points: Bearish Channel: The price has been confined within a descending channel, characterized by two falling lines, one for resistance and one for support. This indicates ongoing selling pressure and...
USOIL is trading under descending trendline. The price was reacting well the support and resistance of trendline. Currently the price is about to give breakout from falling wedge and after successful retest of the level will be bullish signal and seems like the price may go for another leg higher. If the breakout sustain to upside the optimum target could be 74.50...
FX:GBPUSD is in a flat range condition. The whole market has been standing still lately, which complicates trading due to the lack of safe zones to open trades. Yesterday was an interesting trading day in terms of outlook. The news from FED & FOMC defined a rough medium term outlook for the dollar, so we can use this information. There is just as much...
BINANCE:DOTUSDT (4H CHART) Technical Analysis Update TOKEN is currently trading at $6.99 and It got rejected from the bearish channel resistance 4 times (two times in 1 week ). Overrall rend is showing bearish and we can expect the price to reach its next support around 6.6 and major support around 5.9 NOTE: This is a high risk trade, enter with smaller...
The XAU/USD pair on the H4 chart currently showcases a bearish channel pattern, hinting at potential selling opportunities in the coming days. However, a breakout above the channel could present potential buy opportunities. Sell Opportunity: 1.A potential sell entry could be considered around the current price as it sits closer to the channel resistance. This...
FX:EURUSD is forming a trend change amid the strengthening of the TVC:DXY . Important news is expected today, which can affect the market in different ways. On D1 we see the formation of a strong accumulation at the dollar index. Earlier and still the dollar index is supported by rather strong comments from the US regulators, which negatively affects the...
FX:GBPJPY is forming a false break of the resistance at 188.3 and is forming a consolidation, within which it can be seen that the market is under pressure from sellers. On D1 we see the formation of the global range 188.3 - 179.9. The price is forging a retest of the resistance of the range in the format of a false breakdown. After that consolidation will be...
NZDCHF 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 reasonable retracement level. If the sell momentum continues the next target could be 0.5240 What you guys think of this idea?
GBPNZD was trading in descending parallel channel. The price was reacting well the support and resistance of channel. Currently the price has given the breakout of triangle and now retesting the broken level where it is also forming a local support zone and seems like the price may go for another leg higher. If the breakout sustain to upside the optimum target...
Bitcoin is almost ready for an 18% crash. One more small pump is possible because we have an unfilled FVGAP above the current price. Usually, the market moves in waves as per Elliott Wave theory. My Elliott Wave count suggests that we are still missing another wave to the downside market as WXY. Currently, the price of Bitcoin is inside this parallel descending...
FOREXCOM:XAUUSD has been testing trend resistance since the opening of the session. At the same time, the dollar index continues to consolidate, but within the upward trend. Regarding the trend resistance XAU we observe a retest, if we pay attention to the volumes, they are absent. What is the probability of a short-squeeze in such a case? The market may go...
AVAXUSDT 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 25 What you guys think of this idea?
It's confirmed that the ETF event was a huge bull trap. Everyone who bought the news is at a massive loss. Bitcoin crashed by 21% this month (from 49k to 38k). Whales want to buy cheap Bitcoin and need a lot of liquidity for it. It's not easy for whales to buy BTC with a large amount of money; they need liquidity and stop losses of others to do it. That's why they...
BINANCE:IOTXUSDT is showing bullish momentum amid a correcting cryptocurrency market along with the flagship. The price is trying to break trend resistance. What can come out of it? On the high timeframe, the price forms a false breakout and a small correction relative to 0.04400. A retest is formed and the price returns to the resistance. On the background of...
FX:USDCAD is forming a trend change. The completed correction, recovery and formation of a pre-breakout set-up hint at the continuation of growth. But, how will the price behave during the news? A global trend is forming on D1, which indicates neutrality in the market. The price is moving mainly from the borders of the global range. A reversal pattern is...
FX:EURUSD is forming an attempt to change the uptrend amid the strengthening of the TVC:DXY . The price is testing the resistance at 1.0888 in the correction phase. Pic: Dollar index consolidation between MA-200 and MA-50 If we pay attention to the dollar index, we can see that it has been standing still during the week. Most likely, tomorrow's news: ...
OANDA:NZDUSD is testing strong support at 0.6086, but the market is not forming a logical bounce or reversal. The price continues to test the support, which reminds us of the "Flag" pattern, the essence of which is the continuation of the movement. On the daily timeframe I marked the key level 0.61038. A false breakout is formed and there is no logical...