Hi Traders! USDJPY has finally broken its psychological level at 150 with momentum and is now approaching the record high Apex Level at 151.946, and we could possibly reach a new record high this week. Price Action 📊 After weeks of trying to break above the psychological 150 level, the bears' resistance was finally broken, and now the market is trading with...
Hey Traders, Xheck this analysis on USDCHF out. The market has been ranging for a while now, i am anticipating for a clear break above or below the Mid-range flag pattern t, then i will plan accordingly for the continuation of the upside and then look for a buy trade entry. Watch this out.
GBPCAD formed a falling wedge pattern after a breakout of a key horizontal resistance. The price bounced sharply after a retest of a broken structure, violating a resistance of the wedge. Probabilities are high that the pair will keep growing now. Goal - 1.6985 ❤️Please, support my work with like, thank you!❤️
Hi Traders! Silver continues to trade in the range zone as it cannot break above the 23.765 resistance area. Price Action 📊 The current price action looks bearish. Market highs and lows have started to become lower due to numerous price rejections around the 23.765 level. The market also recently broke and closed below the 20 EMA, and there are opportunities to...
Hi Traders! There is a potential double top pattern formed on the 1D S&P500 chart, and there is potential for further moves to the downside depending on whether we get another price rejection at the important 4393.57 level, which is the 4-week high. Price Action 📊 The market has had a big price rejection around the 4393.57 level and has now reached that level...
Hi Traders! USOIL is slowly pulling back to its three-month low at 77.68. Price Action 📊 The market's price action is currently bearish due to a few signs. The market recently had a trendline support momentum break after a very strong uptrend period, which has led to lower highs and lower lows. Finally, the market broke under the 20 EMA and has failed to go...
USDCAD is trading in a falling parallel channel on an hourly time frame. I also spotted a descending triangle formation within. The violation of a horizontal neckline of a triangle is a strong intraday bearish confirmation. The price will most likely keep falling. Goals: 1.3630 / 1.3615 ❤️Please, support my work with like, thank you!❤️
AUDCAD nicely respected a 4h confluence zone based on a horizontal intraday support and 0.5 retracement of the last bullish impulse. The price formed a double bottom formation on an hourly time frame and broke its neckline to the upside. We can expect a bullish continuation now. Goals: 0.888 / 0.890 ❤️Please, support my work with like, thank you!❤️
Hi Traders! GBPUSD is in a bear pennant pattern and is heading for the 4-week low at 1.20372 in anticipation of the FOMC press conference later today. Price Action 📊 The market is currently in the bear pennant pattern and is showing bearish signals with lower highs and lower lows; additionally, there has been a break and a close under the 20 EMA. We are now...
Take a look at AUDUSD. The pair is trading in a bearish trend. The price sets new lower highs, respecting a falling trend line on a daily. After its last test, the price formed a double top formation on that on an hourly time frame. Its neckline breakout leaves a strong bearish intraday clue. I expect a bearish movement to 0.6345 / 0.6335 ❤️Please, support...
EURUSD formed an ascending triangle formation after a test of a strong intraday horizontal structure support. Its neckline violation is a sign of strength of the buyers. The pair will most likely keep growing, at least to 1.0678 ❤️Please, support my work with like, thank you!❤️
Hi Traders! USDCHF is currently on a pullback and may possibly target October's high at 0.92448 for a price retest. Price Action 📊 The market previously broke its long-term support trendline and is now on a pullback towards the trendline. There was also a recent falling price wedge break above the wedge resistance, which is also bullish. We are now looking for...
On Thursday, Fed Chair Jerome Powell joined his teammates in endorsing a stable interest rate policy, providing further support for the XAUUSD. Amidst increasing geopolitical risks, with the conflict between Israel and Hamas spreading to more countries in the region, Gold extended its weekly rally and reached the $1,990 area for the first time in five months on...
GBPCAD broke a support line of a tiny rising wedge pattern on an hourly time frame, after a test of a solid falling trend line on a daily. Taking into consideration that the pair is trading in a bearish trend on a daily, probabilities will be high to see a bearish reaction. I expect a movement to 1.671 ❤️Please, support my work with like, thank you!❤️
I have perfectly predicted an intraday bearish movement after a breakout yesterday. Analyzing a 4H time frame, we can spot an intraday consolidation now and a formation of a horizontal range. The next bearish wave will be confirmed after a breakout of the support of the range. 4H candle close below 0.5808 will confirm a violation. A bearish continuation will...
EURJPY broke a solid horizontal resistance. Retesting the broken structure, the price formed a tiny horizontal range on a 4h time frame. Its resistance breakout is an important sign of strength of the buyers. A bullish movement is expected to 159.4 / 159.7 levels now. ❤️Please, support my work with like, thank you!❤️
I spotted one more confirmed breakout. EURCAD violated a key daily resistance. On a retest of a broken structure, the price formed an ascending triangle formation with a confirmed neckline violation. I expect a further bullish continuation on the pair at least to 1.458 ❤️Please, support my work with like, thank you!❤️
CADCHF is taking off from a solid horizontal daily support. The price formed a double bottom formation on that on an hourly time frame. Feels like the market is oversold and it is the moment for correction. Bullish continuation is expected to 0.6535 / 0.6550 ❤️Please, support my work with like, thank you!❤️