By the looks of it, gold couldn’t break the resistance area of 1827. With the resistance holding, price has broken the support area of 1815. I’m expecting a break & retest of the broken support before a continuation to the next support area.
Possible head & shoulder pattern on the 4H timeframe. By the looks of it, price has broken through the support area of 1.57400. Now waiting to see if a retest happens before a continuation to the downside.
From what I can see on the daily timeframe, this pair has broken and is in the process of retesting the descending trend line. On 3 separate occasions, this pair has had impulsive moves to the upside, with the most recent one being at the support area price is at now. With that, I've decided to go long.
By the looks of it, this pair previously made a head & shoulder pattern. Broke through the neckline and has now come and retested the neckline before continuing its bearish momentum.
Possible triple bottom rejection added with what looks like a break & retest of the descending trend line on the 4H timeframe.
From what I can see, price has rejected and created a double top pattern at the resistance area of 1.06300 on the 30M timeframe. It’s been making lower higher ever since. I’m expecting the bearish momentum to continue.
On the 1H timeframe, this pair still looks to have strong bearish momentum. Recently, price broke through a rising wedge and the intraday support area of 1.72000. I’m expecting price to retest the recently broken support before continuing its bearish momentum.
Possible break and retest on the 4H timeframe. Back on the 4th of January, I posted an idea about this pair becoming bullish after reaching the support area of 1.55800. Since then, this pair did become bullish. More bullish than I expected. I still believe price is aiming to reach the resistance area of 1.61600.
Possible break & retest on the 1H timeframe. At first, this pair looked to be making a head & shoulder pattern. But price dismissed that idea with strong bullish momentum past the resistance. I believe this pair will continue being bullish until it reaches the major resistance area of 93.000.
I recently posted an idea about this pair, which ended up being wrong. It looks like price what’s to retest the recently broken resistance area. Could be a possible break & retest before a continuation of bullish momentum.
On the 1H timeframe, price is in the process of creating what seems to be a head & shoulder pattern. If the pattern does holds, I expect price to retest the support area of 1.26200. I believe when price retests that area again, price will become bullish. I think this because on the daily timeframe, it seems like price is in a pullback phase of a bullish reversal.
Possible head & shoulder pattern on the 4H timeframe. On the daily timeframe, price failed to break through the descending trend line. This could what looks to be a trend reversal.
By the looks of it, this pair isn't stopping its bullish momentum anytime soon. From what I can see, after breaking through the resistance area 115.500, price is currently in the process of making what looks like a bullish pennant. There's a possibility that price breaks the pennant to the upside then suddenly fall to retest the previous resistance area.
On the 4H timeframe, there seems to be a falling wedge pattern. If this pattern holds, I believe the bearish momentum will continue until price reaches its last major support area of 0.70000.
Possible break and retest of the triangle pattern on the 4H timeframe. At first, I thought price would break the triangle to the upside since it was in a bullish momentum. But it looks like CAD is gaining strength again.
From what I can see, price failed to break the resistance area of 0.66700. With that, it also broke through the upwards trend line. For some time, it was consolidating between the resistance area and the support area of 0.66200. Recently, the support was broken, which tells me that that area isn't as strong anymore. Meaning, if price gives a clean break of the...
By the looks of it, price might be getting ready for a trend reversal. At the moment, price is retesting the support area of 1.55800. If the support holds and price breaks the resistance area of 1.57300, we could see price keep pushing higher until it reaches its last major high.
On the 4H timeframe, I can see price has broken through the resistance area of 0.71800 with a strong bullish engulfing candle. Now I’m expecting a rested of the previously broken resistance before price continues it bullish momentum.