BINANCE:XRPUSDT is strengthening. The coin is setting up for a possible renewal of the global high, but at the same time, there are no prerequisites for a price exit from the channel right now. The price is testing the moving averages. After a false breakout or touch, there is a strong bullish reaction. BINANCE:XRPUSDT continues to recover. A "Flag"...
OANDA:XAUUSD is still under bearish pressure. A false break-down of the triangle resistance makes the price prepared for a further decline to 1939. What to expect from the price today? The U.S. is having a day off today, so there will probably not be much volatility. The dollar index has been slowly strengthening since the opening session, which could cause...
FX:CADCHF is forming a trend change. On the chart, we see an upward price channel, within which the price rests against the key resistance at 0.68000. What can we expect from the price in the nearest future? Resistance at 0.6800 has been forming since the end of March and has numerous confirmations. We can interpret the price squeeze to the level as...
OANDA:XAUUSD had a nice bullish momentum last week, but after the false break-up of the triangle resistance, you might take a different view. What should we expect from the price in the next trading week? The FED is not in a hurry to cut the rate, and some officials say that inflation is still high and it is worth expecting for the interest rate increase....
OANDA:XAUUSD makes a predictable false breakout. After a liquidity grab and a surge in volume, the price makes a return to the range and rallies to resistance. What could happen in the 1965 area? A weak dollar could be an advantage for gold and allow it to overcome strong resistance A false breakout is forming. The bulls hold the price above the 1939 level....
FX:GBPCAD is exiting the downtrend and heading to test the strong resistance area of 1.69178. In the market is expected an increase in volumes and struggle between the buyers and sellers. The currency pair is trading in the liquidity area of 1.69178. There is a chance that the price won't be able to break it at the first time and may form a pullback to the...
OANDA:XAUUSD continues to give up positions. Negative fundamental background gives itself and the price breaks the support of the pattern. Yesterday we prepared for it. What to expect from the price next? The fundamental data for today: Core Retail Sales - weak data Initial Jobless Claims -no data Philadelphia Fed MI - weak data expected Retail Sales -...
OANDA:GBPUSD is retesting resistance at 1.26800. A false breakout is formed, which starts a technical pullback in the form of a correction to the previously broken border of the uptrend channel. Yesterday's FOMC data has strengthened the dollar and the currency pair OANDA:GBPUSD is weakening to 1.26300. Interest rate was left unchanged. Important...
Gold continues to decline, but the bulls are still holding the 1939 support area. A global triangle is forming, which shows us the pressure from the bears. The price continues to test 1939, but it cannot overcome the resistance, even when the fundamental data is released. Today's releases are: PPI (MoM) (May). FOMC Economic Projections FOMC Statement Fed...
GBPAUD is forming a sideways range of 1.9000-1.8600. There was an attempt to break through the support at the bottom, but on the retest the price returned in the range boundaries. The price may test 1.86000 area and either make further growth to the nearest resistance or go down. Consolidation is formed above the support level 1.86094, in fact, a signal to open...
OANDA:XAUUSD continues to consolidate in the 1984 -1935 range while forming a local flat. The price breaks the resistance of the global pattern and gets a strong bullish signal. On D1 we see the formation of a wedge, a strong enough pattern that is capable of forming awesome impulses. Price breaks the resistance and consolidates above the upper boundary of...
Gold breaks the wedge resistance, prolonged consolidation above this figure forms a good momentum which can be used to open long positions. The price has consolidated above the descending wedge resistance for quite a long time. Since the session opening on Monday, we see a false break-down of 1954 and bullish momentum towards 1965. The market makes a retest...
The USDCHF breaks the uptrend and forms a retest for a possible short entry point. The currency pair is preparing for a decline The USDCHF is now squeezed between the MA-200, which plays the role of support and MA-50, which is a resistance. The price makes a retest to the level of 0.90291, which is the key level for further moves in either...
At the moment OANDA:XAUUSD is not going to move out of the 1984-1939 sideways range, but at the same time the price is forming a bearish wedge, a pattern that might stop the price decline and start strengthening, but everything depends on the closing of the trading session. There are no significant fundamental factors on Friday There are also no local TA...
Gold is testing sideways range support and several scenarios could develop from here. You have to be prepared for each one. At the same time, the dollar has stopped and is forming a triangle. A decline in the dollar will strengthen our gold. What to expect from the price? In that case, the chance of further declines will increase. But we have to understand...
USDCAD is under the pressure of the downtrend, but at the same time a sideways consolidation is forming, which can last for quite a long time. The currency pair is falling from the range resistance and yesterday it already tested the key level 1.3317, but now, a few hours later, another retest is forming. There is a chance that the market can break through...
Gold has been in consolidation between 1965 and 1954 for 24 hours. Numerous retests of the resistance line are formed. Most likely, the market is preparing for strengthening. False breakdown of the range support increases liquidity in the market and prepares the price for growth. A strong resistance 1965 is formed on the chart and a pre-breakdown...
QNTUSDT gives us signs that we should expect strengthening in the medium term. After false breakdown of key support, the coin is strengthening by 20%. On the background of falling bitcoin QNT looks very confident. The price returns to the bullish price channel, making a false breakdown of the trend support. If the bulls finally take the market in their hands,...