FX:USDCAD is in the phase of trend change. The price begins to form the boundaries of the descending channel, at the same time, against the background of local strengthening of DXY, the currency pair is forming a correction to the resistance area.
On d1 we see a global bearish trend in both TVC:DXY and USDCAD currency pair
The price is testing the key...
In the dynamic world of cryptocurrencies, PancakeSwap's token, CAKE, is displaying promising signs of a trend reversal. Trapped within a descending channel, CAKE is gearing up for a potential shift in momentum. Let's delve into the chart dynamics and explore the key levels that might mark the beginning of a bullish journey.
Chart Analysis: CAKE's Descent Channel...
Hi Traders !
The USDCHF Price Failed To Create a New Higher High !
The Price Formed a Descending Triangle Pattern.
The Support Level is Broken
So, I Expect a Bearish Move📉
i'm waiting for retest...
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TARGET: 0.87870🎯
Here I have EUR/USD on the 1Hr Chart which seems to be outlining what looks to be a Descending Triangle pattern!!
We had price test the Falling Resistance TWICE with price showing the Support Zone down below.
If this Descending Triangle should stand true I would like to see a THIRD test of the Falling Resistance before price falls back down to the support area...
Hi Traders !
The USOIL Price Failed To Create a New Higher High !
The Price Formed a Descending Triangle Pattern.
The Support Level is Broken
So, I Expect a Bearish Move📉
i'm waiting for retest...
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TARGET: 78.70🎯
The price of gold trades in descending triangle. the support is in the 1990-1992 range. Due to the war gold is in a bullish trend and this is some retracement level and target mentioned in the chart.
The stock markets are looking extremely weak at the moment and after what turned out to be a "sucker's" rally that lasted about a week from early October, things appear to be heading south quickly again.
SPX has broken out of its rising channel that had begun since the start of the bull run from 13 Oct 2022 even closed (slightly) below its 200 Day moving average...
🚨 Attention traders, we've got an exciting chart setup on ARB! A 2-day double bottom pattern is forming, with a descending triangle on the horizon. It's time to craft a trading plan for potential breakouts.
Chart Analysis:
Pair: ARB
Timeframe: 2-Day
Key Observations:
Double Bottom: The ARB chart shows a clear double bottom pattern, indicating a potential...
BINANCE:TOMOUSDT in a weak cryptocurrency market gives us hints of chic bullish potential. But this will happen under a number of conditions
The coin is in a range under the resistance at 1.5480 and under the downtrend line marking the direction of the global trend. The coin after a long consolidation and numerous retests breaks this line and begins to move...
FX:EURCAD is in consolidation of the "symmetrical triangle" format. When one or another line (resistance or support) is broken, an impulse may be formed
This pattern, indicated on the chart, does not have a clear further direction, as it is a consolidation and the price breakout of one of the borders of the figure will determine for us the further direction in...
BINANCE:XTZUSDT tried to break the support at 0.708 and let the price go lower, but at some point the market held the area, forming a local bottom. After a false break of support, the price breaks consolidation resistance
At the moment the market is testing the possibility of transition from the consolidation phase to the phase of realization of the...
BINANCE:AAVEUSDT is forming a retest of the wedge resistance amid the cryptocurrency market strengthening. When breaking through the resistance of 72.4, the market may move to realize the accumulated potential
In terms of technical analysis, AAVEUSDT forms a neutral correlation following BINANCE:BTCUSD . The market reacts to all the movements of the...
JINDAL STEEL & PWR
Key highlights: 💡⚡
✅On 1Hour Time Frame Stock Showing Breakdown of Descending Triangle Pattern .
✅ Strong bearish Candlestick Form on this timeframe.
✅It can give movement up to the Breakdown target of 645-.
✅Can Go short in this stock by placing a stop loss above 690+.
Bitcoin is bullish and is ready to reach 29167 in the next few days or at the start of October. Of course, 30k will follow, but 29k is a strong resistance, and we should see a pullback from it!
Watch this yellow trendline, which is a gateway to the ultra-huge bull market. Once it breaks, I expect a massive uptrend, but be aware of a possible retest first. Your...
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...
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...
