As you see, price is in the descending channel and couldn’t reach to the channel’s lower band in the last downside move which means there is more upside pressure. Now it is struggling to break the channel’s upper band which is a strong resistance level at 1790. IF the channel’s upper band and the resistance level at 1790 broken out to the upside and candle...
As you see in the 4H chart, a triple top pattern has been created and the neckline which is also an ascending trend line has been broken out to the downside and we saw a fall in price. We can also see a fall on dollar currency index which broke out the first parallel channel’s upper band and has entered the second channel but after approaching to the second...
In the previous analysis of Dollar Index, price got rejected and was pushed to the upside after touching the demand level. In the 4H chart, price is in the descending channel and is approaching to the upper band: If the channel’s upper band broken out to the upside, we can expect the price to enter the new channel and more rise around 91.4 which is the new...
As you see in the daily chart, price is in the huge ascending channel and has tested the lower and upper bands of it several times. Price is approaching to the lower band now. IF price got rejected by the channel’s lower band and got rejected by that level, we might see a rise around the channel’s middle line and in the case of that level’s breakout, we will see...
As you see in the 4H chart, we have an uptrend and the descending trend line has been broken out to the upside. Price is on the ascending trend line which has been tested for several times and price has pulled back to it. Moreover, price has retraced more than 50%, on the other hand, it seems like a bearish flag pattern is creating which might broken out to the...
In the weekly and daily charts we have an uptrend and price is approaching to the strong support level at 1759. In lower time frames like H4 price has been held by the ascending trend line but the bearish candles seem to be more powerful than bullish ones. In H1, price is in the ascending channel and is ranging and paused between support and resistance levels at...
After a good rise, price is approaching to the resistance level at 1.21 CCI is in the overbought area and there is a divergence between the indicator’s peaks and the price peaks: although price has made higher highs, CCI has made lower highs. IF price got rejected by the resistance level and supply exceeds demand, I expect a fall in price to the support level...
The ascending trend line in the Daily chart and the wedge pattern in 4H have been broken out to the downside and we saw a strong bearish market in the last week. Price could break the last low at 51K and made a lower low. Now, a bearish pennant pattern (flag pattern) has been created. IF the pattern broken out to the downside we can expect a fall around 42K -...
In the previous analysis of XAUUSD, I expected a rise to 1814 but price couldn’t break the 1800 and got rejected by the resistance level. As you see in the 4H chart, we have a uptrend which has been tested the outer ascending trend line three times. There is also an inner ascending trend line which has been broken out to the downside. IF the bearish candle...
In the Daily chart, there is an uptrend which is in the correction phase and has retraced 50% of the bullish move. In 4H chart we have a downtrend which has made a lower low but has reached to a demand zone (support level) and got rejected by this level twice. Bullish Scenario: IF candle closes above the resistance level, I expect a bullish move around...
As you see, there is an uptrend in the 4H chart. After a sharp rise and approaching to the resistance level at 1790, price pulled back and retraced the bullish move. Now, a bullish flag pattern has been created but there is a resistance level at 1777 IF the flag pattern broken out to the upside, we can expect the price to rise as the same length as the flagpole...
Price got rejected by the ascending channel’s lower band and pushed to the upside. Now it is facing a supply level and also approaching to the resistance level at 152, CCI is in the overbought area. Here are the two different scenarios: Bullish Scenario: IF price breaks the resistance level at 152 to the upside and candle closed above this level, we can expect...
Dollar has been weakened in the last weeks after price got rejected by the pattern’s upper side. I expect the bearish move continues and price falls to the dynamic support level. IF price drops to this level which is near a demand zone between 90.63 - 91.00 as well, Then IF there was a strong push by bulls on the support level and at the demand zone, we can...
In the Daily chart, broadening wedge pattern has been created and price is approaching to the upper band of it which has been tested twice by price before. CCI shows that price has been entered to the over bought area. There are two different scenarios: Bearish Scenario: IF price rise and approaches to the upper side of the wedge pattern and got rejected by...
There is an uptrend and price is in an ascending parallel channel. On the other hand, price is approaching to the channel’s upper band and also reaching the resistance levels at 1796-1805 which I consider it as a supply zone either. I expect the price to touch 1790 and even higher to revisit the supply level (1796-1800), then IF there was any strong push to the...
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As you see, price is in an ascending channel and has approached to the lower band of it, then has been pushed to the up. On the other hand, price has reached to the descending trend line (dynamic resistance level) which has been tested for several times by price. Bullish Scenario: IF price breaks out the descending trend line to the upside, we can expect a rise...
As you see in the 4H chart, there is a downtrend which has approached to the support level. Price couldn’t make a higher low in the last downside move and was pushed to the upside after testing the support level for the second time. IF price can break the 1.38 level to the upside and candle closes above this level, we might see a reversal in trend and a rise in...