USDJPY is currently accumulating within a narrow horizontal range on a daily.
It looks like the market participants are waiting for some important fundamental data
next week to decide where to push the prices.
I see 2 potential scenarios.
Bullish
151.70 - 152.00 is a key horizontal resistance.
Its bullish breakout - a daily candle close above, will be a...
I see a confirmed daily structure violation on GBPJPY,
after quite a long accumulation within a horizontal range.
We can expect more growth now.
Next resistance - 193.37
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USDJPY is currently accumulating within a narrow horizontal range on a daily.
It looks like the market participants are waiting for some important fundamental data
to decide where to push the prices.
I see 2 potential scenarios.
Bullish
151.70 - 152.00 is a key horizontal resistance.
Its bullish breakout - a daily candle close above, will be a strong bullish...
Yesterday, we spotted a confirmed violation of a key daily support on NZDCAD.
After a retest of a broken structure, the pair formed a nice intraday bearish confirmation.
I spotted a horizontal range on a 4H time frame with a breakout of its support.
Such a violation increases the probabilities that the market will keep falling.
Goal - 0.805
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Silver nicely respected a recently broken key horizontal resistance.
After its retest, the market started to consolidate on a 4H time frame
and formed a horizontal range.
Its resistance was broken yesterday, signifying the strength of the buyers.
The market may keep growing next week, at least to 25.5 level.
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Technical analysis
GMT is one of the most promising coins to hold for the next few days and weeks. We can see that the price has been stuck in this rectangular trading range for almost 4 months. Now the price is ready for a massive breakout! It's good to buy GMT now, as pullbacks will probably not be available. My Elliott Wave count suggests that we are now...
Reasons for bullish bias:
- Price gave range breakout
Here are the recommended trading levels:
Entry Level(CMP): 174.16
Stop Loss Level: 161.62
Take Profit Level 1: 186.7
Take Profit Level 2: Open
I see a nice bear trap on NZDCAD.
Trading within a wide horizontal range, the price violated its support.
The violation turned out to be false and the market formed a tiny double bottom
on 30 minutes time frame.
We see a strong bullish imbalance now.
The market may keep growing to 0.8175
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Technical analysis
GRT looks extremely good on the weekly chart. We can see that the downtrend ended on a breakout of the red trendline, and since then, the price has been going upward. I believe this coin will 10x in 2024 if you buy it at the current price. We should hit an all-time high in 2024, and in 2025, this coin will continue in the price discovery! Put...
SUN is another gold mine that can make a lot of profit in 2024! We can see that we have had a 622-day long consolidation at the bottom of the chart. It's very important for whales to accumulate their coins so they can pump them and make a lot of money. What we want to do is spot the buying activity and buy before the pump!
I am definitely bullish on this coin,...
As We Talked in The Previous Analysis:
The GBPUSD Formed a Rectangle Pattern.
Currently, The Resistance Level (1.27428 - 1.28280) is Broken.
and Becomes a New Support Level !
So, I Predict a Bullish Move 📈
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TARGET: 1.29380🎯
In this chart we have spotted a Bullish Rectangular Flag Continuation pattern, we placed entry slight above the POLE. we placed TP & SL levels.
No Divergence spotted
GBPJPY is very bullish after the BoJ rate hike.
The price is currently testing a resistance line of a horizontal range on a daily.
Its bullish breakout - a daily candle close above, will be a strong trend-following signal.
A bullish continuation will be anticipated at least to 193.0 level then.
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