FX:GBPJPY is forming a false breakdown of the support at 181.96. On the background of strengthening of the main currency we see active growth of the pair. A false breakout is formed on the chart with the subsequent price growth towards the key resistance, which is the lower boundary of the ascending price channel. If the price after the next retest can return...
OANDA:XAUUSD is in a strong distributive phase, the price is not even stopped by the 1885 level (liquids area). The price is updating the low amid negative fundamentals, as evidenced by strong weakness from buyers On Wednesday, the market forms a paranormal candle, the closing of which suggests the continuation of the fall, the local level of 1875 and 1872.58...
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...
Gold is reaching an important goal for us. We've been waiting for this. A test of the level of 1885.100 is being formed. On the background of distributive fall and strong sell-offs, a rebound may occur. TA on the high timeframe: 1) A huge pool of liquidity is formed below the level of 1885, most likely, a false breakout should occur before the rebound TA on the...
Gold started a recent descending channel from 1947.555 since the FOMC press conference on 20th September 2023. Price could be expected to retest the Daily EMA 200 and 4hr EMA-20 before possibly swinging down to challenge the low since 21st August at 1885. The DXY could also further grow to 109 and ultimately to 113 as i mentioned in my last DXY idea publication....
OANDA:XAUUSD is following a clear script. I recommend studying the latest ideas on XAU to understand the reasons for further decline. At the moment this stage could go to 1885 before a further bounce. At this point I am only expecting a fall to 1885. This area is clearly of interest to MM and the market, on the background of a strengthening dollar, the price...
CADJPY is forming an uptrend. On the background of this movement, the market forms a support retest, it seems to be predictable, but the situation may get out of control, as a decrease in volatility is formed. TA on the high timeframe: 1) The market is at its maximum values. A small correction may form before further gains are made 2) The liquidity area that MM...
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:USDCAD is forming a support retest amid the strengthening of the dollar index. A break of the local resistance, against the background of the uptrend, will give us an excellent bullish potential. The market is preparing to rise further. We have an uptrend and support from the strengthening of the dollar index. On the back of positive fundamental data, the ...
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...
Gold falls from 1928.5 and reaches support in my scenario. We have taken the target. At this point, while the market is forming a sideways range, price may form a bounce from 1908 before falling further. TA on the high timeframe: 1) Important target is 1907.6. The market is looking to test this area 2) Price passes one of the key liquidity areas, the next leg is...
USDCAD does not tend to fall after breaking the support at 1.3497. On the background of high timeframe the price retests the key level 1.33724 and forms a correction. Patterns for further growth appear within the correction TA on the high timeframe: 1) Price returns to 1.3502 2) A pre-breakout consolidation is forming near the level. 3) There is an important...
Gold is forming a resistance retest. Against the background of the global descending channel, the price may form a false breakout, but against the background of consolidation near resistance, the chances of a breakout increase. TA on high timeframe: 1) We have the formation of the 1934-1907 range. There is a false breakout and pin-bar formed against...
EURUSD on the background of a quick retest breaks the key support and forms consolidation. A potential is formed, within the framework of the realization of which the price can quickly reach 1.0536 TA on the high timeframe: 1) Strong bearish trend continues 2) A retest of the support at 1.0635 breaks the level 3) Price opens a corridor to fall to 1.0536 TA on...
Gold has been declining since the opening of the trading session. The market continues to form a sideways flat. Purchases after strong sell-offs bring the price only to the retest of the strong resistance area, after which the metal weakens again On the chart we see the current set-up - flat. The price is declining after the resistance retest and breaks through...
DXY has just broken resistance trendline spanning back from September 2022. The DXY broke trendline coinciding with a key level at 106. If this break does not end up been a false break, DXY could swing to 109 within weeks and ultimately further grow to 114 in 2024.
The SPX 500USD is breaking unto a yearly trendline support from 20th April 2020. The market is ready to retest the weekly EMA-50 and Daily EMA 200 on that same support at 4257 which coincides with the yearly upside trendline support. My bias is that the trend will be upside from the liquidity zone and yearly trendline support. I am also expecting a bearish wave...