In the daily chart, we have an uptrend and price has made a higher high and the yesterday's candle has been closed above the daily resistance level. In the 4H chart, price is in the ascending channel and after a sharp rise (two long bullish candles), price has started a sideway move between 133.60 - 134.10 Based on the daily chart and the strong bullish candles...
In the daily chart, price is in a symmetrical triangle pattern and has been tested each side of it twice. As you see, price is approaching to the resistance level at 1.2267 If there was any downside push at that level, we can expect a fall and a downside retrace to 1.2050 and even more around 1.19 in the future. Otherwise, if price grows further than 1.2265 ,...
In the Daily chart, we have an uptrend and price has made a higher high. In the 4H chart, as you see, there are strong bullish candles and a bullish flag pattern has been created and is broken out to the upside. Price has pulled back to the flag. On the other hand, there is a resistance level at 156.00 and if price could close a bullish candle above this level...
In the last analysis of XAUUSD which was in the daily chart, the descending parallel channel was broken to the upside and price was entered to the new channel and got paused after approaching to the channel’s middle line. As you see in the 4H chart, price is at the middle of the ascending channel and has a sideway move. On the other hand it seems like a double...
The descending channel has been broken out to the upside. We saw a grow in price to 90.4 which is a resistance level and then a rejection from that level. Price has entered to the new parallel channel and also pulled back to the previous channel. It seems like that price is ready for more rise. IF price rises again and can close a bullish candle above the...
Apparently, I was wrong about NZDUSD in my last analysis. In the daily chart, there is a strong uptrend and price has made a higher high. Moreover, there was an ascending triangle pattern which has been broken out to the upside and price is pulling back to it. IF price pulled back and came down to the triangle (Check the entry levels and pull backs in lower...
As you see in the daily chart, the ascending trend line and also a double top pattern were broken out to the downside. On the other hand, there is a strong support level from 2018 around (0.6 - 0.8) Moreover, a bullish reversal broadening wedge has been created with the both descending sides which means there will be more probability of the pattern’s upside...
As you see in the 4H chart, we have a strong uptrend but price has been rejected after approaching to the resistance level. I expect a downside retrace for price to the marked yellow box (demand zone) around 13400. IF price came down to that level and there was any upside pressure by the bulls (check in the 30min time frame), we can enter a long position and...
The daily descending channel has been broken out to the upside and price has entered the new parallel channel. Price stopped growing after approaching to the new channel’s middle line which acts like a resistance level sometimes. CCI is in the overbought area and shows a negative regular divergence: although price has risen, CCI is making lower highs. I expect...
As you see, there is a downtrend in 4H chart and price is in the descending parallel channel. CCI shows a negative hidden divergence: although price has made a lower high, CCI has made a higher high. Price has reached the channel’s upper band and got rejected. IF price comes down and a bearish 30min candle closed below 0.7759, I would expect a fall towards the...
As you see in the daily chart, we had a sharp downtrend which is in the long correction phase. The ascending trend line has been broken out to the downside and price is pulling back to it. IF price rises around 0.7238 - 0.7250 and then got rejected by this level, I expect a fall in price with two targets: First at 0.71 and the Second one at 0.7015 What is...
After a good rise in price to 1890, a triangle pattern has been created and price is also in the ascending parallel channel. Since the triangle patterns can be broken out to the any side, we should wait for the pattern’s breakout first (in 15min chart). Bearish Scenario: IF the channel’s lower band broken out to the downside which means there would be a downside...
As you see in the daily chart, there is a sharp downtrend and the daily ascending trend line has been broken out to the downside and bearish candles have been closed and fixed below it. Price has been pushed to the upside after approaching to the demand level at 1715 and is moving up towards the trend line. There is also a supply zone there between $2450 -...
As you see in the daily time frame, the daily ascending trend line has been broken out to the downside. Price is moving between the support and resistance levels and it seems like it might be in the consolidation form for now. The sideway zone can be broken out to the any direction: IF the sideway zone will be broken out to the upside, we can consider it as a...
The daily ascending channel has been broken out to the downside and the yesterday’s candle has been closed below it. As you see, there was a sharp downtrend which was in the correction phase in the form of an ascending parallel channel. After the downside breakout, it seems the correction phase has been ended and price is ready to fall more. I expect a downside...
Price got rejected and was pushed to the upside after approaching to the support level at 89.6 Although we have a downtrend and price is in the descending channel, in the last downside move, price could not reach the channel’s lower band and got paused by the support level. CCI shows a positive regular divergence: Although price has made a lower low, CCI has...
As you see in the 4H chart, we have an uptrend. Yesterday price had a good grow to 1890 and it is in the ascending channel now. On the other hand, the commodity channel index (CCI) shows a negative regular divergence: Although price has made a higher high, CCI has made a lower high which means we might see a downside move soon. Price has been rejected by the...
As you see in the 4H chart, there is an uptrend and price has made a higher high but the upside pressure has been decreased and price was moving in a tiny ascending channel which has been broken out to the downside. I expect the price first to fall to the support level, then gets rejected by it and pulls back to the channel's lower band, then IF there was any...