EURNZD 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 1.7725 region and a bullish divergence also indicating the buyers are getting ready for some serious move to upside.
Will the bulls take...
Understanding the Falling Wedge Pattern:
The falling wedge pattern is a bullish reversal pattern that occurs after a downtrend.
It's characterized by converging trendlines, with the upper trendline (resistance) sloping downward at a steeper angle than the lower trendline (support).
This pattern often suggests that selling pressure is weakening, potentially paving...
Welcome back to another exciting episode of our weekly XAUUSD technical analysis! 📈 In the ever-evolving world of forex trading, gold seems to be holding its ground around the crucial $1,900 mark. 🔒 The recent surge in the U.S. Consumer Price Index (CPI) has sparked inflation concerns, making investors wonder about the Fed's next move. 📊
This week, we'll explore...
GBPUSD
Analyze
If a price can stable above 1.2281 the direction will be uptrend again to reach 1.2336 , 1.2372, 1.2403
For any reason if the price backs off and stable under 1.2281 , the price will try to reach 1.2247 If can break it then will reach 1.2202and 1.2164
Support line:1.2247 ,1.2202,1.2164
resistance line: 1.2336 ,1.2372,1.2403
BINANCE:AAVEUSDT is forming a breakout of the descending triangle resistance. Buyers are confidently holding the bottom, keeping the price below 55.00, but at the same time testing a trend change attempt
AAVE follows BINANCE:BTCUSD . A momentum and a small pullback is forming. This is partly a bad thing. Until bitcoin gets momentum and a breakout of local...
We have some PPO Confirmation at the PCZ of a Bullish Butterfly near a Support Level, along with some Pending MACD Bullish Divergence inside of a Falling Wedge Pattern. I think we are setting up to eventually Breakout of the wedge and get a 10-20% move out of it.
GBPJPY is in the correction phase amid the global uptrend. The Central Bank may stop raising rates, which will predictably affect the pricing of the pound. A wedge is forming within the correction, which is an interesting set-up against the backdrop of the GBPJPY currency pair
TA on the high timeframe:
1) The Japanese Yen may continue its weakening. In this case,...
Another falling wedge? Looks jumpy. I just opened a long position, yen pairs are getting stronger across the board, I like this one right now because it hasn't pooped yet. SL when daily candle closes, don't trigger it until it closes due volatility.
GBPUSD 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 1.2400 region and a bullish divergence also indicating the buyers are getting ready for some serious move to upside.
Will the bulls take...
OANDA:XAUUSD reverses. The price overcomes several resistances and updates the local high, when retesting the liquidity area, to 1935
If we pay attention to the high timeframe, we can see that the price overcomes the resistance of the downtrend (wedge). The daily candle on Monday closed almost at the daily high, which is a strong signal that with another...
BINANCE:STXUSDT breaks resistance amid bitcoin consolidation. Earlier, a false breakout of consolidation support was formed, which influenced the trendline breakout
We see a prolonged consolidation formation in the format of a descending wedge. Yesterday, when BINANCE:BTCUSD began to strengthen on the background of weak positive news, Stack/TetherUS broke...
NZDUSD ↗️
HITTED THE LOWEEST LOW PRICE WITH A BREAKOUT FOR THE CHART
🔴 SL 0.58870
🟢 TP 0.62780
💖Good luck and thank you 💖
💖Please like, comment and follow 💖
1. Market Trend - Bullish
2. Stock Trend - Reversal
3. Reversal Pattern - Falling Wedge
4. Potential - 1:10+ RR
Two Price entries are available from current levels to the pull back levels, both can be a good buy levels as per chart.
Falling Wedge Pattern for PSNY chart, Polestar
In this chart analysis, it's evident that there's a potential buying opportunity if we manage to reclaim the indicated level (previous gap after Earnings). This could take 30 to 45 days, as institutional investors are not very interested in buying this stock.
However, it's crucial to exercise caution and patience,...
BINANCE:RUNEUSDT gives us new prerequisites for further strengthening of the price. Another resistance retest is forming, which can break this zone on the background of local BINANCE:BTCUSD growth
Several key elements are marked on the chart. The descending wedge, resistance retest, pre-breakout consolidation - all this can be regarded as a complex signal...
On the chart we can see a falling wedge.
We expect the price to break the downsloping resistance line,so when it's happen we could entry for long position.
After the breakout of the wedge we expect short consolidation in the green zone and after that an impulsive move to the upside.
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?
