As it can be illustrated from the 3H timeframe graph of USD/CHF, the price is currently testing a local zone of resistance that lines up with the upper barrier of the formed ascending channel. Taking a closer look into it, we can observe that the price has been successful in rejecting that zone. Thus, we are aiming for opening SELL positions and targeting the...
Frank Sinatra, what a singer. Looking at the higher timeframe graphs of EUR/USD, it can be illustrated that the price is actively consolidating around the zone of the lower boundary of the downtrending channel. Moreover, a mini-range has been formed on the lower timeframe charts, and the price has nicely bounced off the lower barrier of it. We are now expecting...
Looking at the higher timeframe charts, it can be identified that the price is breaking the local zone of support/previous HH and is probably headed towards the 0.846 zone of support that collides with 61.8% Fibonacci retracement level. We are patiently waiting for the price to re-test the local zone of support that is about to become an area of resistance...
As it can be clearly inferred from the graphical illustration, a nice Head and Shoulders pattern has been formed around the area of a crucial resistance. We are now expecting for the price to keep dropping and reach the zone of support plotted on the chart. NFP report will be published today, so we have to keep a close eye on fundamentals as well. With all that...
As it can be clearly observed from the 8H timeframe chart of EUR/USD, a sideways ranging rectangular box has been formed and the price is currently trading within the borders of it while trying to bounce off the lower barrier of the formed descending channel. The liquidity is low and the price action is slow. Thus, we are expecting for the Fed Interest Rate...
Taking a look at the higher timeframe charts of USD/JPY, it can be illustrated that the price is nicely moving within the borders of an ascending channel. Monitoring the price action, it can be inferred that the price will most likely visit the area portrayed on the graph (129.2) before pumping to the upside and reaching the zone of the current Higher High. There...
Let's take a look at the chart of GOLD on different timeframes and make a detailed chart analysis of it! As it can be noticed from the WEEKLY timeframe perspective, the price has nicely rejected the zone of previous resistance later turned support that lines up with the ascending trend-line illustrated on the chart. This means that the price has successfully...
As it can be clearly inferred form the graphical illustration, the price has formed an Inverse Head&Shoulders pattern. We are expecting for the price to hit the 50% Fibonacci retracement level once again before launching to the upside full-scale. Our initial target is the one identified on the chart. Happy trading!
As it can be clearly inferred from the graphical illustration, a massive downtrending channel has been formed and the price is currently trading at the lower barrier of it. From the looks of it, the price is on its way to touch the 1.048 area of demand once again, form a double bottom, then start its bullish movements. We will be closely monitoring the price...
As it can be noticed from the graph, the price is forming a top at the area of local resistance that lines up with 50% Fibonacci retracement level. From here, we are expecting for the price to keep dropping down till the 159.5 zone of support that is illustrated on the chart.
Taking a look at the 8H timeframe chart of USD/CAD, we can clearly observe that the price is currently trading at a crucial level of resistance. We will closely monitor the price action around this level and wait for the price to give us some confirmations before we potentially go short and aim for the zone of support aligning with 50% Fibonacci retracement level...
The USD has been strong for the past few weeks and it is not showing any signs of mercy. As it can be noticed from higher timeframe charts, a huge descending channel has been formed and the price is rejecting the lower boundary of it. After some confirmations have been provided, we can expect for the price to keep rising till the zone of previous support now...
Taking a look at higher timeframe charts, it can be inferred that an ascending channel has been formed and that the price is currently trading at the lower boundary of it. Zooming into lower timeframe charts, we can notice a descending channel and a double bottom formed on the lower barrier of it. We will be closely monitoring the price action and waiting for more...
Taking a look at higher timeframe charts, we can observe that a descending triangle pattern is being formed. Further to that, the price is currently showing some bearish confirmations around the zone of local resistance. We can expect for the price to keep dropping and reach the zone of previous resistance later turned support that lines up with 50% Fibonacci...
At the moment, the price is sitting on a crucial zone of support and we can identify some sort of bullish price action. Although our bias for GOLD is bearish, we believe that some correctional moves should happen before the price charges up for further bearish moves. Thus, we are monitoring the price action and looking forward to opening BUY positions and aiming...
As we can clearly observe, the price of The Cable has been dropping for quite some time. After an impulsive move, a correctional move is always needed. Thus, we will be closely monitoring the current price action and waiting for a nice reversal pattern to be formed before we go long and aim at least for the 0.618 Fibonacci retracement level.
As it can be inferred from the graphical illustration, the price has been able to break the previous Higher High, and from the looks of it it has potential to plummet even deeper. We will be expecting for the price to re-test the broken structure and complete the formation of the right shoulder before looking forward to opening short positions and aiming for the...
As it can be inferred from the BTC/USD chart, the up-trending channel is still holding. The price has managed to drop below the lower boundary of the channel, but now it is once again trading within the borders of it. We are pretty positive that the price will keep rising from now on and we are waiting for more confirmations before launching BUY positions and...