As you see in the 1h time frame, there is a downside breakout on 181.3 level which was a strong support level for price and currently, it has turned into a resistance level.
Price had a significant drop and made a lower low. Currently, it has started some retrace and upside correction move.
If price makes a lower high in its current upside move and then comes...
As you see in the 4H timeframe, GBPUSD has a clean strong bullish structure. Price has made higher highs and lows.
Moreover, it has broken the yellow zone and fixed above it which was a resistance before and now it has turned into a support zone.
If price makes a higher high and breaks the red resistance level at 1.2582, I expect a continuation on the rise to...
It is very clear on the 4H time frame that the US dollar index is facing bearish pressure and has started a downtrend.
We can see that the bearish candles are very strong and powerful.
Price is in the correction phase right now and is retracing the previous bearish move with weak bullish candles.
I expect a downside move and drop on DXY to the support level at...
After a significant drop, XAUUSD has been moving sideways in the higher time frames between 1940-1990.
Currently, price has approached to the support zone and is pushed back by this yellow area which is around 1950.
If we take a deeper look at the candles, we can see that the bearish candles are not very strong and the previous bullish candles are much...
Hello everyone! I’m back after a long time! Let’s start with the most popular asset, XAUUSD!
As you see in the 4H time frame, after a sharp drop, price has started a slow upside move with weak candles.
There is a supply zone ahead of the price which is around 2040 and we expect a downside push from this level on price.
There is also a daily resistance level at...
XAUUSD had a significant drop in the last few weeks and as you see in the 4H time frame, price is still in the downtrend but with a slower pace and lower momentum.
Currently, we see the price approaching to the support zone which has pushed the price to the upside once before and is between 1832-1818.
On the other hand, a strong 4H bullish candle has been closed...
As I expected in my previous analysis, XAUUSD could not break the last resistance at 1958 and we saw a significant drop on XAUUSD.
Price broke the long-term ascending trend line sharply and dropped more than expectations. It could fix below the trend line.
Currently, in the 4H time frame, we see a bearish flag pattern which is broken to the downside. Price is...
XAUUSD had a significant growth in the past few weeks and is moving in an uptrend.
As you see in the 4H time frame, price has broken the yellow resistance zone between 1945-1949 and closed bullish candles above this area.
There is another resistance barrier around 1958 and price is struggling to break it. We might see a throwback to the broken yellow zone and...
XAUUSD had a great growth in the last few days. As you see in the 4H time frame, price is in the uptrend and is moving on the ascending trend line.
In the higher time frame (Daily), the yesterday’s candle has been closed as a doji, and today’s candle has been opened below the yesterday’s candle close. This means we are probably facing a bearish...
As you see in the 4H time frame, GJ failed to make a higher high and break the last major high.
Currently, price is facing a strong downside pressure. After making a bearish reversal double top pattern and breaking the neckline to the downside, we saw a sharp drop on GJ.
There is a support level at 158.650 and price is approaching to it, which might push the...
As you see in the 4H time frame, price is in the uptrend and is moving on the ascending trend line.
As I expected in my previous analysis, price had a fall and retraced the upside move.
Currently, price has broken the resistance at 1860 and grew to the next resistance at 1880 but got rejected and was pushed to the downside.
The broken level at 1860 has been...
As you see in the 4H time frame, price has made a strong breakout on the yellow resistance zone and turned it into the support zone.
After a sharp rise, price closed a long candle above the yellow resistance area. Currently, price is throwing back to the yellow broken area which is around 159.00 - 158.500
However, we should wait for the breakout on the last high...
Hello everyone and happy new year!
XAUUSD started the new year with a good growth but price could not keep the bullish momentum and was pushed back to the downside.
Currently, in the 4H time frame, we can see the bearish candles with lower highs. Price is facing downside pressure and is going down towards the daily support level at 1844.
If price breaks 1844...
As you see in the 1H time frame, price is struggling to break the red resistance zone but it has been rejected twice in the past.
Currently, price is between the resistance and support area. It seems like it is making a bearish reversal triple top pattern.
We can see bears are getting stronger and bullish candles are getting weak with long upped rejections.
GJ has been bearish recently and has dropped significantly and sharply. Price has broken the first support level at 165.00 and currently it has reached to the second support level at 159.800.
We can see that there was a descending triangle which has been broken to the downside.
Currently, price has reached to the second support level (S2) which has pushed the...
As we expected in the previous analysis, price had a good rise towards 1800 and then pushed back to the downside to retest the broken support zone.
Currently, price is facing an upside pressure and is moving towards the red resistance level at 1807.
We should wait to see if price breaks this resistance level strongly or will be rejected by it:
If price breaks...
As I expected in my previous analysis of XAUUSD, price had a grow to 1782 which was the last major high and resistance barrier.
Currently, price is at the resistance level and is trying to break it. We can see the bullish pressure on price.
There is a support area (yellow colour) between 1760 - 1768 which can be a throwback zone for price before more...
As you see in the 4H time frame, price is in an uptrend and is moving on an ascending trend line.
On the other hand, price failed to make a higher high in its last upside move and made a lower high and a higher low which created a triangle formation.
Currently, price is testing the ascending trend line and has been pushed to the upside after retesting it.