OANDA:XAUUSD continues to execute active movements in the direction of price strengthening. This time the price is testing the resistance 1987.5, which indicates a high bullish potential and a strong trend The price is forming a correction after the impulse. In the zone of interest we have the level of 1981. The price is testing the support and if the market...
Gold is testing a strong resistance area that could push the price back quite a bit. If the price shows strength against the bears and signals further upside, we will take advantage of it TA on the high timeframe: 1) Price is testing the global flat resistance. A rebound from the resistance is possible 2) The bullish trend is resuming 3) At the same time...
EURJPY is forming a flat. The wide range allows to accumulate enough liquidity before a further surge in the impulse format. TA on the high timeframe: 1) False break of support 154 forms a strong momentum that breaks several local resistances 2) Price passes the key liquidity area of 155-156 and aims for 158 TA on the low timeframe: 1) A break of 156.789 gives...
OANDA:XAUUSD continues to form a bullish trend, indicating strong interest in the market. The strong rally is moving into a narrow consolidation, which may hint at certain implications Yesterday we saw a breakout of the local consolidation and a gorgeous 200 pips momentum. The price is testing the resistance at 1981.7 and forming a 110 pips wide fljt. Gold...
FX:EURAUD in the format of local uptrend forms an interesting set-up of two false breakouts and pre-breakout consolidation after market clearing. Growth may continue. The shakeout in May and mid-June cleared the market of a lot of crowds with their bids and increases the market maker's liquidity. A third approach to resistance and a third premise for price to...
We have had a lot of bullish news in recent days, and that's why Bitcoin is going to reach up to 39k this summer, but do not be too excited because I am expecting a huge crash to 21k later this year! 39K is an extremely strong resistance for the bulls, mainly because of the 0.618 FIB retracement and point of control of the previous market structure. Also during...
OANDA:XAUUSD is forming a shake-out of consolidation support. Thus, after the retest of the previously broken boundary (as I talked about yesterday) there is a consolidation and resistance retest that could lead to a breakout and rise to 2000. Gold is testing the support area, forming a liquidity grab and thereby increasing the potential for the upside to...
FX:NZDCHF is forming a multi-month descending triangle. Globally, the currency pair is under downtrend pressure. What's going on? Buyers are forming the limit zone at 0.5444, sellers continue to press this area since the end of April, thus a descending triangle is formed on the chart, which speaks for itself. False breakdown of the support does not give the...
BINANCE:GALAUSDT goes beyond the resistance of the global descending channel that has been forming for a year. Now the price is forming a wedge. What to expect next? A break of the channel resistance forms a new channel, but at the same time the price is squeezed by the current range boundaries in the wedge format. In the near future, we should expect a...
OANDA:XAUUSD since the opening of the session is forming a correction that may lead the price to the previously broken channel boundary, but on the high timeframe the instrument shows the prerequisites for bullish dynamics While the dollar index is strongly losing its positions the market feels it. Gold after consolidation at resistance is forming a correction...
Another 83% pump to 1.3244 from the current price in the next few days or weeks is more than likely! Why 1.3244? It is the next strong resistance because we have there the 0.618 Fibonacci retracement from the previous major wave. Also, there is a trendline from 2018 -> 2021, which is dynamic resistance, but it's near the specified FIB level! XRP looks very...
Gold stops after an active rally. The price is testing 1963 and forming a double top. Consolidation after resistance breakout may lead to correction. TA on the high timeframe: 1) Gold is still unable to pass through the resistance of 1963, a bearish candle and a stop is formed on D1. The candle closes below the opening of the previous candle. 2) Price stops...
OANDA:XAUUSD has been strengthening during the last two weeks. The signal for this was a false break of support 1907, formed back in March 2022. The price is approaching strong resistance and its growth is starting to slow down. What's next? Gold is strengthening towards the 1963-1965 area, with a key resistance line close by, which is the previously broken...
BITSTAMP:BTCUSD continues to forge an uptrend and also gives us preconditions that the growth will continue. The price is forming consolidation before the breakout and is confidently forming another bullish wave On the chart we see an ascending triangle, the key resistance area that holds the price is the area of 31500. The price continues to ford retests...
BINANCE:DOGEUSDT is forming a consolidation in the format of a wedge. Within the consolidation, the price makes a false breakdown of support and thus feels the bottom of the market. The price is forming a rather long descending wedge. The pattern is a bullish possibility to turn the market. After a false breakdown of the support, consolidation is formed above...
Gold breaks the global bearish trend and forms momentum, but price fails to reach key zones and starts to form a reversal set-up. TA on the high timeframe: 1) The key liquidity area that is of interest to many is in the 1970-1980 area 2) A correction is being formed and most likely the growth to liquidity will continue after it TA on the low timeframe: 1) A...
USDCAD formed a head and shoulders after a false breakdown of key resistance. It was at this point that the dollar began to weaken and led the currency pair to test the local bottom at 1.30900 TA on the high timeframe: 1) A false break of resistance sends the price to support at 1.3138 2) Since the forex market is flat more than 70% of the time, the price is...
OANDA:XAUUSD is breaking uptrend resistance, which confirms a definitive trend change amid a weakening dollar. But what happens at the level of 1960? The mentioned level forms a prolonged consolidation. The market is trying to make up its mind after the rally, but it is necessary for the market to form a correction or consolidation in a more neutral zone, for...