GBPAUD broke and closed above a key horizontal resistance yesterday. The price is retesting a broken structure at the moment. To buy the pair with a confirmation, watch a bullish flag pattern on an hourly time frame. Bullish breakout of the resistance of the flag will give you a strong buy signal. A bullish continuation will be anticipated then at least to...
In the EURAUD 4-hour chart, prices made a retest, also known as pullback, to the broken resistance zone. This zone also corresponds to the Fibonacci 0.382 level. The uptrend may continue from where it left off. This is not an investment advice!
CHFJPY nicely respected a key horizontal resistance. We see multiple doji candles and a formation of a bearish engulfing candle. The pair may drop from the underlined blue area. Goal - 169.56 ❤️Please, support my work with like, thank you!❤️
NZDCAD leaves multiple bullish clues after a test of a strong intraday horizontal support. I see a confirmed bullish violation of a resistance line of a falling channel and a breakout of a neckline of a double bottom. We can expect growth now. Goal - 0.8285 ❤️Please, support my work with like, thank you!❤️
NZDCAD is currently approaching a peculiar zone based on a key horizontal support and a solid rising trend line on a daily. Your confirmation to buy will on an hourly time frame. 0.8285 is the neckline of a double bottom formation. We will need an hourly candle close above that to confirm the strength of bulls. We can buy the pair then anticipating a bullish...
GBPAUD violated a solid horizontal supply zone. After its retest, the price formed a cup & handle formation on an hourly time frame. Bullish violation of its neckline confirms the significance of the broken structure. We can anticipate a growth on the pair at least to 1.9464 ❤️Please, support my work with like, thank you!❤️
AUDJPY is trading in a bullish trend. After setting a new higher high, the price formed a symmetrical triangle formation on an hourly time frame. Its bullish violation is a strong trend-following signal. I expect a growth to 98.24 / 98.4 ❤️Please, support my work with like, thank you!❤️
Hi Traders! AUDUSD looks bullish as it targets the double top resistance on the 4H chart. Here are the details: Since breaking and closing above the 20 EMA, the price action has been aggressively bullish, and the market is now in an ascending price channel and is near the double top resistance at 0.65430. The plan here is to buy market dips at retracement...
GBPAUD may retrace from a key horizontal resistance. After an impulsive yesterday's movement, the pair became overbought and formed a double top pattern on an hourly time frame. I expect a bearish move to 1.946 ❤️Please, support my work with like, thank you!❤️
Hi Traders! USDJPY is near the psychological 150.000 level, and it looks to possibly re-test its 3-month high at 151.911. Here are the details: Looking at the price action, it looks bullish; the bull flag, along with the previous yearly high, has broken. The next big test is as the market approaches the 150 handle. There may be some strong resistance here, as...
GBPNZD formed a cute inverted h&s pattern on a key horizontal support. We see a formation of a bullish imbalance now. The pair will most likely keep growing. Next resistance - 2.075 ❤️Please, support my work with like, thank you!❤️
CADJPY may drop from a key daily horizontal resistance. The price formed a double top on that and violated its neckline. Goals: 109.86 / 109.6 ❤️Please, support my work with like, thank you!❤️
Hi Traders! There is a bear flag pattern developing on the AUDUSD 3H chart. Here are the details: The price action looks bearish, and the market is currently in a consolidation phase in the flag's channel as the flag pattern is in its early phase. The market is still below the 20 EMA, which is a bearish signal. As long as the market remains below the EMA and...
Hi Traders! USDJPY looks to be targeting the 150.000 psychological level long-term, as the US dollar currently looks unstoppable. The market is also about to break its bull flag formation. Here are the details: After consolidation in the bull flag pattern, we have now had huge bullish momentum, and the next target is the current yearly high at 148.808. The...
EURAUD has recently approached a key horizontal support. After its test, the price broke and closed above a resistance line of a bullish flag pattern on a 4H time frame. We can anticipate a further growth on the pair. Goals: 1.6565 / 1.6607 ❤️Please, support my work with like, thank you!❤️
Hi Traders! An ascending triangle is forming on the NZDUSD 4H chart, and we could have a breakout soon. Here are the details: The market has found support and resistance at both the trendline support and trendline resistance of the triangle, as the market is looking for a direction. Looking at the price action, it looks bullish due to the market swings; the...
EURCHF is currently consolidation within a strong horizontal support. To buy the pair with a confirmation, wait for a bullish breakout of a resistance of the range on a 4H time frame. 4H candle close above 0.9362 will confirm a violation. A bullish continuation will be expected at least to 0.9385 then. If the price sets a new lower low, the setup will become...
Hi Traders! A falling wedge is forming on the EURUSD 4H chart, and we could have a breakout soon. Here are the details: The market has found support and resistance at both the trendline support and trendline resistance of the wedge, as the market is looking for a direction. Looking at the price action, it looks bullish; we have had multiple tests at the...