AUDJPY has formed a bullish wedge pattern within a robust uptrend. The latest price action indicates a bullish breakout confirmation, suggesting that the upward climb is likely to continue. It is anticipated that the price will retest the previous high near the 97.500 level.
TSLA has formed an expanding channel on the weekly timeframe, indicating potential bullish momentum. Currently, there is a bullish rally approaching the daily resistance and the upper boundary of the channel. Once the price reaches these levels, it's crucial to monitor closely for signs of either a breakout or a reversal in the price action at these key...
The XAUUSD pair has shown a notable adherence to the trend line that has been formed. Following a sell-off last week, there was a rebound at the trend line, indicating a potential upward movement. If the price action continues to support this trend line, there is a possibility of gold reclaiming a value above $1950. It is worth noting that the recent peak in price...
Ethereum experienced a significant upward move after a bearish phase, but it is currently consolidating below the daily resistance level. If Ethereum fails to surpass this level, it may retest a lower support around $1750. However, considering the recent momentum, there is an increased possibility of a bullish sentiment resurfacing, which could result in a...
Under the hourly timeframe, Bitcoin has recently formed a bull flag pattern, resulting in a neutral price action. The price is notably adhering to the daily resistance level, which serves as a significant sell signal for Bitcoin until a bullish breakout confirmation occurs. If the price successfully confirms a bullish breakout above the highlighted resistance, it...
On the hourly timeframe, Pepe is displaying a consolidation pattern. To determine the potential next direction, it is crucial to wait for confirmation of either a bullish or bearish breakout.
The GBPAUD currency pair has encountered resistance once more as it continues its upward trajectory within an expanding channel pattern. If a bearish breakout occurs at the lower boundary of the channel, we anticipate a retracement towards the vicinity of 1.88 levels.
The AUDUSD currency pair recently found support at a significant level and subsequently experienced a breakout from a downward trend, forming a bearish leg. The confirmation of a bullish move is now awaited to assess whether the price will continue its upward momentum.
Trufi has experienced a breakout in both the H1 and H4 timeframes, indicating a potential continuation in the retracement towards the highlighted key level. This level is in close proximity to the 61% Fibonacci retracement, which further strengthens its significance. The breakout has been confirmed by a subsequent pullback, adding to the validity of the...
On the daily timeframe, CADJPY has returned to a significant zone that is anticipated to be a compelling selling area. A distinct harmonic pattern has formed on the daily chart, indicating a promising bearish setup at the highlighted resistance level. The expected downward movement is likely to result in a retracement or impulse that reaches, or falls below, the...
The NZDCAD pair experienced a notable trend breakout, with a significant upward movement occurring at the highlighted support level. As a result, there is an anticipation of a bullish reversal in the near future. It is likely that the price may retrace back to approximately 50% to 61.8% on the Fibonacci retracement levels before continuing its upward trajectory.
Ethereum has exhibited a significant bullish breakout in its recent upward movement, and we observe the formation of a bull flag on the hourly timeframe. This pattern suggests the potential for a continuation of the bullish rally, aiming for a retest of the $2.1k level.
Recently, Bitcoin has displayed a downward trend following its return to the daily resistance level. The ongoing bullish trend has completed four upward movements and is currently in its fifth wave. Should the price confirm a bullish breakout above this resistance, we can anticipate a continuation of the bullish rally towards the $35k mark. In order for this...
SUI has formed a rising wedge pattern, indicating a potential bearish breakout. Traders and investors should be on the lookout for a downward swing in price, which could lead to a retracement of approximately 50% to 61% on the Fibonacci retracement levels. This retracement is expected to occur around the price level of $0.71.
NZDCAD has exhibited a falling wedge pattern, which has been followed by a bullish breakout on the upper boundary. This pattern has emerged following a notable rally and subsequent retracement. As a result, there is an anticipation of a price rebound and the continuation of the bullish momentum to the upside, particularly when observing the hourly timeframe.
AUDCAD has recently signaled a bearish breakout within its previously bullish trend. This breakout suggests that there might be a retracement towards a specific zone, which is located near the 38% to 50% levels on the Fibonacci retracements. A potentially profitable short trade opportunity could arise, offering a potential gain of 50-100 pips.
Bitcoin has experienced a bullish recovery following a sell-off that occurred below the highlighted support level. On the hourly timeframe, an ABC pattern has emerged, accompanied by a bullish breakout on the trendline. As a result, there is an expectation for the bullish trend to continue towards the recent highs at $27,250 and $28,100. However, it is worth...
BABA has recently confirmed a bullish breakout on the daily trend, indicating a potential continuation of the upward momentum. The formation of a triple bottom pattern further reinforces the bullish outlook. As long as the support level holds, we can expect the price to rally towards the recent highs around $105. Traders should monitor the price action for further...