Mahtab_Tradia

Mahtab_Tradia Updated 

In the previous analysis of gold, price got rejected by the channel’s upper band and fell but it couldn’t break the channel’s middle line to the downside and was pushed to the up by it. So we can say that there is more bullish pressure and we need to look for buy signals. The upper band of the descending channel has been broken out to the upside (previous...

Mahtab_Tradia

As you see in the 4H chart, we have an uptrend and price is on the ascending trend line. In the last downside move, price has made a lower low and didn’t touch the trend line. Moreover, a triangle pattern has been created and broken out to the upside. IF price pulls back to the pattern and pushed to the upside, we can expect the price to rise around the dynamic...

Mahtab_Tradia

Yesterday, we saw a sharp rise in price. Now, it is ranging between 1740-1750 and has reached to the upper side of the descending channel. Here are the two different scenarios: Bullish Scenario: IF the resistance level at 1749 which is also around the channel’s upper side, broken out to the upside and candle closed above this level, we might see more rise in...

Mahtab_Tradia

Apparently I think I was wrong in my last analysis about EURUSD to be bullish. The Head & Shoulders pattern has been created in H4 and there is a negative regular divergence between the left shoulder and the head. On the other hand, the histogram bars of MACD are still in the bearish phase. Since the reversal H&S pattern is created, IF the neckline broken out...

Mahtab_Tradia Updated 

Bitcoin is all time high again and finally, price could broke the 60K resistance level and met 63K. As you see in H4 time frame, price is in a huge wedge pattern and has tested the pattern’s upper and lower sides for several times. There was a rally in price between the buyers and sellers around (59K - 61K) and finally, demand exceeded supply. Now we are facing...

Mahtab_Tradia

Price has been ranging from the last week and made a triangle pattern in the H1 time frame. Price is above the weekly pivot (1.1854) and also monthly pivot (1.1849) which means it is more bullish. In H1: As you see, the triangle pattern is broken out to the upside. In H4: There is a positive hidden divergence between price’s and MACD’s low: Although price has...

Mahtab_Tradia

As you see, two ascending trend lines have been broken out to the downside and price dropped. Now it has been rejected by the support level at 1.36700 for the second time and pushed to the up. In H4 we have a downtrend and price is still below the weekly pivot at 1.3763 but in the last downside move couldn’t break the previous low at 1.36700. We have two...

Mahtab_Tradia

As you see, in the 4H time frame, after the upside breakout on the descending channel, price had a big rise. Now, it has approached to the two resistance levels and has been rejected and pushed to the downside by them. The positive phase of MACD is going to be changed and the histogram bars are getting smaller which means the upside pressure is decreasing. On...

Mahtab_Tradia Updated 

After a good rise, price approached to the resistance level at 1760 and dropped. There are two trend lines here: 1. The descending trend line which has been broken to the upside and price started to grow after that breakout. 2. The ascending trend line to which price is approaching right now. On the other hand, since price has made a reversal head & shoulders...

Mahtab_Tradia

Crude oil prices weakened on Thursday as concerns about the continued rapid spread of Covid-19 in India and South America in particular cast a shadow over the global demand outlook. As you see, in the 4H time frame, price has been ranging for a while and made a triangle pattern and the last candles are Doji candle sticks which tell us the market is indecisive and...

Mahtab_Tradia

As you see, in the Daily chart price couldn’t make a higher high and has broken out the ascending trend line to the downside and has been pushed to the downside after pulling back to the trend line. I think it is time for BTCUSD to do some correction and comes down. We have a strong support level at 50K. If that level broken to the downside, I expect the price to...

Mahtab_Tradia

In Daily chart, we have an uptrend with an upside breakout on the triangle pattern’s upper side and also a breakout on the bullish continuation double bottom pattern. Now, it is time to pull back after the breakout. I expect the price to test 1850 level which is around the upper side of the triangle pattern . IF price got rejected by this level, we might see the...

Mahtab_Tradia

As you see, there is an uptrend in the daily chart and after a big rise, it seems like price might have some correction as a downward move towards the dynamic support level (key level) which has been tested several times by price. There are Two different scenarios: 1. Bullish Scenario: IF price gets rejected by the dynamic support level , it can rise more around...

Mahtab_Tradia

Although EURUSD is Bullish in the long-term view and has broken out the monthly descending channel to the upside after many years, price has approached to the strong resistance level. In lower time frames, we have a downtrend but bullish candles closed above the weekly pivot which is 1.17528 but still below the Monthly pivot (1.1849). On the other hand, a bearish...

Mahtab_Tradia

Last week, gold was strengthened by Joe Biden's plan to modernize US infrastructure, which will cost US taxpayers more than 2 trillion USD!! In the previous long-term analysis, price was reached the channel’s lower band and got rejected by the weekly support level at 1675. As you see, in H4 time frame, there is an upside breakout on the descending broadening...

Mahtab_Tradia

In the weekly chart, price is in the bearish correction phase in the form of a descending channel and has retraced more than 50% of the upside move and has been pushed to the upside after touching the strong support level at 1675 and also approaching the descending channel’s lower band. MACD shows a positive regular divergence. As you see, although price has made...

Mahtab_Tradia

In Weekly time frame, there is an uptrend and price is at the lower band of the ascending channel. In H4, price has reached to the upper band of the descending channel and is above 1.28 which is a strong resistance level.A double bottom pattern has been created which is a good reversal pattern at the end of a downtrend. IF the neckline broken out to the upside and...

Mahtab_Tradia

The descending daily channel has been broken out to the upside and price has pulled back to it. There is a strong support zone which has pushed the price to the upside for several times. In H4, there is a positive hidden divergence between MACD and price lows which means there would be upside pressure. On the other hand, there is a resistance level at 1.5444 in H4...