The market is testing the swap zone on a 4H timeframe. FX:NZDUSD lost momentum near the resistance zone. The resistance zone was tested multiple times before, when the market was pushed lower several times. I expect a pullback from this zone because the market is near strong resistance. Furthermore, we have a divergence, which suggests that the market might pull...
The price almost reached the target zone in the previous post. However, FX:EURUSD rejected the upward channel border. It formed a long-tailed candle on the daily timeframe, which means resistance rejection. It took liquidity above the previous resistance, then pushed back. The market failed to make new highs at the resistance zone 1.08600-1.08700 after testing...
OANDA:XAUUSD is testing the resistance zone. However, it hit the resistance at 2370 like a wall. Basically, it formed a double top at resistance. The price action created a divergence near the channel border. On the daily timeframe, we have lost some of the bullish momentum, meaning we have a doji candle followed by a small candle. It seems like bulls are out of...
The price perfectly fulfilled my last idea. It hit the target level. In my educational post , I explained what a fakey pattern is. It is basically a fake breakout of the triangle formation. As you can see, trending markets are prolific with continuation patterns. After forming the triangle formation, the market spikes down to collect orders, then moves higher,...
The price of BINANCE:XRPUSDT is basically consolidating on the daily timeframe as well as on the 4H timeframe. The market has reached the top of the consolidation zone. As you can see, it is testing the top of the downward channel and resistance at 0.65000. I think the market might continue consolidating back and forth until the real breakout occurs. I expect...
Given the current global situation, there is a significant bullish trend in the OANDA:XAUUSD market. Therefore, I believe that gold will remain a highly demanded asset. Another week closed with a powerful candle. The market has been moving up without major pullbacks for several weeks now. The next target for gold could be the round level of 2400 and then...
The market is testing the resistance zone that was high the previous day. Obviously, all XZY/JPY pairs are extremely bullish. I think the FX:GBPJPY will continue moving upward, retesting the resistance zone on the monthly timeframe. The price is moving the resistance zone between 194.000 and 195.000, which was formed in 2015. If the market makes a pullback and...
The price perfectly fulfilled my previous idea. It hit the target level. FX:EURUSD rebounded from the demand zone. It formed a long tail from the suppot level, indicating a level of rejection. It took out the previous week's lows and moved upside. The market, as you can see, broke above the key level at 1.08000. I think the market might move sideways because the...
BINANCE:FILUSDT bounced off the support level and the upward channel border. It seems like the 8.80 is an important level since the market was moving sideways below it. It broke through the accumulation zone. I think the market may slowly move upside following the whole crypto market. This market, as well as other markets, is also forming a trend continuation...
The price perfectly fulfilled my previous idea. It hit the target level. FX:AUDUSD broke through the range zone and made a new extension upwards. The market is trading above the swap zone. If price makes a fake break at support level and trendline, I think price may go up because price is gaining bullish momentum by updating swing highs and higher lows. On...
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The market overall is in an uptrend on the higher timeframes. However, on the 1H timeframe, the market is moving sideways. BINANCE:ETHUSDT formed a ractangle pattern, which it broke through later. The price reached the support level that was tested twice. It created another range zone. I expect an upward short-term move and a retest of the resistance zone/top of...
So, yesterday we saw strong growth - the price soared from the level of 2275. And overcame a new maximum of 2305. Today we also expect important news. Therefore, correction is possible. Gold rarely lends itself to technical analysis - it is now near the upper line of the channel. However, we know that Gold is a metal that is constantly being invested in and bought...
FX:EURUSD is moving toward the resistance zone following the rejection. The price formed a long-tailed bar on the daily timeframe by grabbing liquidity above the previous week high. Basically, it created a fake breakout of the PWH. CAPITALCOM:DXY also bounced off the support level. I expect the price to move upward, make a fake breakout, and then form a...
The market has a bearish order flow. On the 4H timeframe, it created lower lows. Recently, FX:GBPCAD has broken through the downward trendline and made a higher close on the 1H timeframe. The market is near the resistance zone, where price dropped before. I think the market may retest that level and make a downward move. It seems like the price might form a...
The price of BINANCE:BTCUSDT is consolidating after rebounding from the support level. Usually, the market forms a range zone after an impulse move. I think the market will break the range zone, not upside but downside, to collect the orders to move higher. In the crypto market, it is classic price action when the market moves sideways, building liquidity above...
The price made a strong jerk and left our channel. But it was stopped by the level of 1.085. I think that he has enough strength to “cool” the Euro a little. And drop this currency pair to the support level of 1.080. In the future, however, I see Growth. 1.080 is a good psychological level for buying. Therefore, the prospects for growth here are good. My final...
The price has been moving in the Descending channel for more than a month. March 27 - the price reached the lower level of the channel, which gave the mood to BUY. However, on the way we have a strong level - 167.280. This zone will slow down the price. But yesterday the price still consolidated at this level. This means that now she has enough strength to take...