RLinda

RLinda P

Gold from the opening session continues to decline and at the moment is testing the upper boundary of the descending channel. Most likely the price is aiming at 1935 for a retest. I expect a pullback from the support level, since the accumulated liquidity may not allow breaking the support at the first time. The downtrend resumes and the signal from MA-200...

RLinda P

GBPAUD made a false break of the upward channel resistance last week. After consolidation under the line in the area of 1.913 the currency pair forms correction to trend support. The local distributive decline is directed to the support at 1.87738 (to the support area), on the background of the uptrend and strong decline we should expect a false breakdown or a...

RLinda P

Gold by the end of Friday, amid the publication of ADP & NFP data sells off all the growth. The strong dollar is bad for the price of the metal. The close of the daily candlestick on Friday gives us a signal that the fall is likely to continue. On the chart we see the formation of a global uptrend channel. A correction to the support area of the trend is...

RLinda P

The BTC had previously formed the H&S reversal pattern, but it does not work and the bulls regain control of the 26700 level, forming a bearish wedge, which might provoke a bullish momentum. The price makes a false break-down of the level of 26700, which is a strong support and forms a consolidation above the line. The market is in a consolidation phase after...

RLinda P

CRVUSDT forms the bottom in the area of 0.500-0.600. After that, a rally is formed, which turns into a strong consolidation in the area of trend resistance. The cryptocurrency pair after another retest forms a resistance breakout, but at the same time, the price is still on the upper boundary of the local pattern. In the near future, if the price successfully...

RLinda P Updated 

Gold forms a smooth transition from the downtrend to the 1984-1954 consolidation. We see an attempt of downtrend change, but will it be confirmed after the NFP? Yesterday the price made the retest of 1984 resistance, but at the same time we did not see the fall after the false break-down of the resistance. There is a consolidation near the resistance between...

RLinda P Updated 

USDCHF is in an upward price channel. Within the up-trend, the price updates the maximum to 0.91475 and forms a technical pullback to the support of the uptrend. Important news are published today . What to expect from the price? The currency pair is approaching the support at 0.90291 and the lower boundary of the uptrend. From the point of view of technical...

RLinda P

Gold is trying to change the trend. The price updates the local maximum to 1974 and rolls back to the previously broken border. In the near future, MA-200 and MA-50 (sentinels) may send a strong signal. Pay attention to the fact that there is a false breakdown of strong support, followed by a breakout of the resistance of the ascending channel and a signal from...

RLinda P

LTCUSDT forms a resistance breakout after a small false breakout. The coin does not fall much after FB, forms a retest and breaks the line. Bulls are trying to take control of the situation and so far everything is working out successfully. A strong support line of 91.23 is being formed. If the bulls can hold this area, then Litecoin will show us an excellent...

RLinda P Updated 

Gold rallies to trend resistance on Tuesday and forms a consolidation near 1962, which might take many traders by surprise. What to expect from the price in the near future? After the false breakdown of the trend resistance, the price forms a retest, on which the further development of the situation depends. The trend resistance is holding the price for a long...

RLinda P Updated 

EURJPY after another resistance retest forms a false-break and on the local timeframe the currency pair draws a pair of H&S. What should we expect from the price? On the 1H timeframe the price forms the pattern "Head & Shoulders", which is a precondition for the possible decline. The price is falling and testing the support of 148.864, which is a strong zone....

RLinda P

Gold forms a surge on Monday based on US government debt information. From the opening session and after the US and UK weekend, the price makes a false break of a strong support area, after which the market began to buy the fall. The price is testing the support of 1939 and 1935 in a false breakdown format. After capturing the liquidity, the market is quite...

RLinda P

ETHUSDT exists within an uptrend bounded by resistance and support. For a long time the cryptocurrency pair was under the pressure of local resistance, which was broken yesterday. The price breaks MA-50 and on another retest of the resistance the pair breaks through the resistance and exits the range, after which it forms a consolidation above the line. If...

RLinda P

Gold from the opening confirms the Triangle pattern on the chart, but most likely because of the low volatility on Monday there will be no paranormal phenomena in the gold market. I do not expect big realizations due to the weak volatility in the market due to the Memorial Day in the US and the bank holiday in the UK. In terms of fundamentals (we dealt with...

RLinda P

The USDCAD last week breaks the global downtrend channel resistance and forms a momentum to 1.3654, after which the price begins a correction to retest the support area. The bulls' task for the near term is to keep the price in the new trading area. If the support area after the retest is not broken and the price does not return to the downward price channel,...

RLinda P

Gold is in an upward bullish channel. The price has been confirming the upward resistance line and the upward support line many times. The futures are approaching the support area of the channel. What to expect from the price? Gold is consolidating between the key Fibonacci levels of 0.382 and 0.5. The price breaks one of the key support levels and tests 0.5...

RLinda P

Bitcoin forms the H&S pattern and for quite a long time the price is in the pattern realization stage, forming a flag, which, theoretically, can continue to fall. After breaking through the support at 26700 and updating the low to 25878, the price starts to reverse and forms a retest of the previously broken level. In this case, the market may test the future...

RLinda P

XRPUSDT forms quite a long correction, which turned into a counter-trend movement after a false breakout 0.5590 was formed and the channel resistance was touched. The Ripple falls and tests the ascending support line, relative to which the "H&S" pattern is formed. A false breakout of the support line is formed and the price forms an impulse to the base of the...