FX:USDJPY continues to form an ascending price channel. After breaking one of the resistance lines, the price is forming a pattern that could weaken the price during the DXY stop. On the chart, I have marked two levels that are quite close to each other. Pay attention to the levels 145.06 and 144.9. The price forms a correction after the formation of a double...
OANDA:XAUUSD confirms flat resistance and forms a retracement of 1890 support, but the price does not reach flat support, while XAU forms a double retest of MA-200, but does not update the high. Strange situation in the market Statistically, another retest of resistance can lead to a breakout of resistance, but as long as the price is in consolidation we will...
FX:USDCHF continues to strengthen within the ascending triangle. The price is retesting the trend resistance. What can happen? As we can see on the chart on the bottom left, the currency pair is forming a consolidation relative to a strong resistance area. The mentioned accumulation, when moving to the phase of implementation is able to change the direction...
CADJPY has break the inclining trendline and important support zone heading toward the lower targets of 160.50 area. As the price has also break the local descending channel to downside which is also signaling the sell side is much favorable. What you guys think of this idea. ?
This pair has been a downtrend since June. The pair has reached its maximum momentum for a downtrend since it broke the trendline in the H1 timeframe. I predict it will go to the nearest H4 resistance to test that price to either continue as new trend or just retracement.
Bounced twice from this rising TL but this broke it. After a break like this price will try to regain TL, then reject. Short the rally within next day or two. Won't last long. The real bear move is coming next week imo. Get ready for a big red wave.
#Blz pumps and hits the target in our last analysis. Now coming down after hitting the target. Soon it is expected to break the red trendline and going down to the black line support.
#Eth is sideways meaning it will stay in red and green lines. If it breaks greenline then it will pump and If it breaks redline then it will dump. Currently waiting for breakout or breakdown.
GOLD is still within the range of 1888 - 1897. The price, which was continuously pressured by the MA8, has finally reversed and crossed both the MA8 and MA20. Only the resistance at 1897 is holding back Loco's efforts for a temporary reversal. It's likely that GOLD will remain sideways until the Flash Manufacturing PMI tomorrow night. However, given the...
Gold breaks the resistance and forms numerous retests of the line, most likely this indicates that the market does not have a clear phase and there is a chance of price transition from a directional trend state to a flat state TA on a high timeframe: 1) One of the key supports is broken, the direction has a downward vector 2) A retest to the 1900 area is being...
EURUSD is forming a descending price channel for quite a long time. For the last week, a consolidation in the format of a wedge is forming on the chart, which breaks the boundaries of the range TA on the high timeframe: 1) A bounce from 1.08441 support is forming and price is limiting itself to the range 2) The liquidity area where the currency pair may be...
OANDA:XAUUSD is stopping. Yesterday I said that we should expect a flat formation in the near future. We are seeing confirmation. A break of trend resistance sends the price to retest 1900, after which a range of 1900 - 1885 is formed Note the dollar chart below. Gold is highly dependent on the DXY price. USD breaks the 103 level but does not form a proper...
10k in April 2024? This is not sci-fi, but a real scenario that is probably going to happen! Make sure you are ready for what is coming. In this analysis, I will tell you all of the reasons. Bitcoin is extremely weak compared to the stock market or gold. While gold almost hit an all-time high, Bitcoin is near its low from November 2022, which is 16K. The...
Regarding our observations, currently there are absolutely more buyers in the market. After breaking 0.8850 there is good place to long the pair. Breaking ascending the trend-line down and retrace to top of the bearish channel make good chance for a short trade. breaking down 0.8742 could be anoother opportunity for shorting the pair.
OANDA:XAUUSD is declining amid the strengthening of the dollar index. The latter in its turn broke a strong resistance, and XAU continues to update the lows There is a possibility that the decline in gold may stop, but only if the trend resistance is broken. The price will go into a sideways flat condition, which will force the price to trade in the 1900 -...
After Bitcoin reached the support level in the Jan square bottom region and broke the trendline on the daily timeframe, the situation becomes clear as follows 🧐📊: Our expectations point towards price oscillation in the upcoming period, where the price will range between the zone of 26500 and 24770. This movement might coincide with the entry of a new time cycle...
BITSTAMP:BTCUSD is breaking the 26700 support and MA-200 forming a strong bearish momentum, but at the same time the price is not breaking the bullish channel. In terms of global outlook, the price is still in an uptrend Pay attention to the weekly chart on the left. Price is forming momentum and a strong distributive move towards the strong support at 25000....
The major uptrend from 15500 to 32000 is over, and the bears are stepping in! I expect 20330 to be hit in the next few weeks, so make sure you are prepared for it! We can clearly see that the major trendline / parallel channel is breaking down! The price is below the trendline, and what's more, if we take a look at altcoins such as ETH, it confirms this...