I guess that it is obvious that USDJPY is bullish. However, analysing the price action, we can spot a slowing momentum: after a sharp bullish impulse, the market started to grow within a rising wedge pattern - a classic reversal pattern. Its support breakout will be a strong bearish signal. Wait for a 4H candle close below its boundary as a...
A test of all time lows for NZD/CHF seems imminent. Looking for a move down to .50 over the next 6 months to test the bottom of this long term descending wedge pattern (see pic below in link). Once it tests .50 it might be prudent to start thinking about a long term bullish breakout of the descending wedge pattern. In the meantime i suspect this move down to .50...
As per my calculations, the price of Bitcoin will be 1 million USD in 2044, which is 21 years ahead. And it's still a pretty optimistic price target, in my opinion. Please do not expect some big parabolic phase to reach 500,000 USD in the next few months or years. This is not going to happen because you are too late for the party. In 2017, the crypto bubble...
↪️XAUUSD has been trading in a downtrend in a falling wedge pattern, the pair reached a monthly low of 1892 this week. And market has nicely respected that and we saw a strong bullish movement on Friday. It turned out that the price managed to break and close above a resistance line of a falling wedge pattern and that of horizontal resistance level on 4H time...
Hello,Traders! AUD-JPY broke out of The bullish wedge While trading in an Uptrend which confirms The bullish bias we had So now a further move up Is to be expected Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!
Hi, Spotting Gold to move within the expanding wedge where we can that the lower band of the pattern is 1884 level. Price can hit that level after breaching 1894-1895 level. However, falling wedge being a bullish reversal (mostly) we should be careful watching levels 1895. DXY bullish continuation and US GDP is a catalyst and confirmation.
Fundamentals: The US #10year #yield is aiming for 4% whilst the US 2 year yield is aiming its previous hight. This is most probably on the back of higher sticky inflation which will require higher rates from the FED. This development is positive for the relative strenth of the #dollar in the #dxy Technicals: On a weekly graph, the DXY (inspite of a short spike)...
OANDA:XAUUSD forms another bearish range of 1912-1985. The price is descending in steps in the channel, which indicates a strong dominance of sellers in the market. What do you want to see next? After the false breakdown of the support 1895, the market tries to buyback the fall and it succeeds. The price makes a retest of the resistance 1912. Another false...
FX:USDCAD on W1 demonstrates exiting a symmetrical triangle downwards. A correction or rebound from downtrend support is forming. What to expect from the price in the near term? The price forms a bearish price channel and after another retest of the trend support the currency pair forms a rebound to the resistance area 1.32697-1.33171. There is a high...
Hello traders! 🌟📊 I want to bring your attention to an interesting technical pattern I've spotted on $LCID. It appears to be forming a wedge pattern, suggesting a potential breakout opportunity. Let's take a closer look at the details! 💡📉📈 🔍 Symbol: NASDAQ:LCID 📅 Timeframe: Weekly 📌 Wedge Formation: NASDAQ:LCID has been consolidating within a narrowing...
BNBUSDT up-to-date. 222 USDT is on the table for this asset. CZ coin is about to drop to fil the most profitable leg downward to draw this beautiful pattern on an increase of confidence by the bear side, aiming the great demand for the bottom zone.
Hi folks today I'm prepared for you Gold analytics. A few moments ago price bounced up from the support level and made a strong upward impulse to resistance 1, which is coincide with first resistance zone and after which the price some time traded near this level and bounced up, continuing to grow to the next level. Reached resistance 2, which coincides with the...
Gold managed to form the Falling Wedge pattern , but this pattern was NOT completed and failed. 4 hours ago gold candle managed to break the Lower line of the Falling Wedge pattern and the Support line . 📚In general, when a reversal pattern fails, this pattern becomes a continuation pattern, so the Failed Falling Wedge pattern can also be a 💡 sign 💡 of...
The Graph Broke Out of the Channel We Are waiting for The Resistance to be Tested AND Take our SELLS UNTIL IT COMPLETES THE 90% RULE.
↪️XAUUSD attracts fresh sellers as the pair broke and close below a horizontal support zone, now resistance which made me more bearish biased. Meanwhile, after the retest of the resistance, Gold price might experience more bearish pressure as bears eye 1880, await US inflation clues and Feds Powell-confluence detector...Trade safe 👍✅
We just broke Resistance 1, but there is another Resistance 2. Even for Resistance 1, it could be a Fakeout. As per the Wedge that has formed, I would be inclined to see three touches on the lower side (only two for the moment), so I would not be surprise to go under previous low, also as a spring of the accumulation. This is still a bearish evaluation, less...
Chart is speaking it self!!! 🌟The Bitcoin is in a Bullish phase by ⤵️⤵️ ➡️the BTCUSD has finished It's first five waves of Elliot wave principle movement (12345 Impulse wave) and also (ABC) wave. The possibility of starting a impulse 5th waves!!! ➡️falling wedge pattern it means that the price would increase and the price has already broken the pattern! ➡️the...
If price manage to break the falling Wedge . the price can easily reach the target after a little correction. 🌟 Bullish signals in the PRZ area are: - Support zone - Pivot yearly - Bullish Channel - falling Wegde - bollinger band - 5th Waves ⭐ and the bullish signals of market momentum are: - Regular divergence in MACD ➡️ Note if the PRZ is broken downwards...