EURJPY just hit a resistance and failed to create a higher structure above it. It looks like price is resuming its original trend wich was to the downside...
NZDUSD has been in an uptrend for a while now since inflation numbrers came out lower than expected. The pair is currently going to test 2 pivot points that are my main targets...
WTI crude oil is currently on an uptrend. We have broken the last pivot point and price is creating higher market structure.
Starting with the price structure, EUR/ZAR has been forming a series of higher highs and higher lows, indicating an uptrend in progress. This pattern suggests that buyers have been gaining strength, consistently pushing the price higher after each pullback. This type of price action often reflects a shift in market sentiment towards bullishness. Adding to the...
CADCHF has found a strong support at the 0.6750 area. A triangle pattern just formed on this level that could signal that buyers are about to take control...
This TradingView idea focuses on the USD/JPY currency pair, which is currently exhibiting a channel pattern. The price action within this channel has consistently created higher highs, indicating a bullish trend. Now, the price is approaching a critical point where it has the potential to break the last resistance level.
XAUEUR, the gold-to-euro currency pair, has recently shown signs of a potential bullish breakout. After testing a significant support level at 1740, the pair has started to form a pattern of higher highs and higher lows, indicating a shift in momentum. Currently, XAUEUR is consolidating within the confines of a rising wedge formation. This technical pattern is...
The LTCUSD pair has been displaying a consistent upward momentum, marked by higher highs and higher lows, suggesting a bullish bias. Concurrently, a triangle pattern has emerged on the price chart, signaling a period of consolidation before an expected breakout. Such formations often precede significant price movements, making them an area of interest for traders...
Hello Traders, I am back after a few days not publishing. In this video, I am giving you an update of the bullish setup I identified last week on USDJPY. More in the video...
In this trading idea for the USD/JPY currency pair, we analyze the current price action within a rising wedge pattern, signaling a potential breakout to the upside. As of the latest market observations, the pair has been exhibiting an overall uptrend, with higher highs and higher lows forming a converging wedge formation. Key levels to watch: Resistance:...
Introduction: NZDCAD has been exhibiting a consistent pattern of lower lows and lower highs within a descending channel. The recent retest of resistance at 0.8275 presents an opportunity for us to capitalize on the potential continuation of the bearish trend. The descending channel on the NZDCAD chart indicates a bearish bias in the market. As the price action...
NZDCHF has been trading in a well-defined downtrend, characterized by lower highs and lower lows. Currently, it is consolidating within a triangle pattern, indicating a potential continuation of the bearish trend. Target Levels: Target 1: 0.5517 Target2 : 0.5481
EURNZD appears to be on the verge of creating a new high and initiating a breakout towards the 1.79 level. A comprehensive analysis of the 1-hour timeframe suggests the potential for an upward surge in price. Let's keep a close eye on this pair as it exhibits bullish momentum and a favorable technical pattern.
The JPN225 has been steadily advancing within the confines of an ascending chanel. This pattern suggests a series of higher highs and higher lows, reflecting consistent buying pressure and an overall bullish bias. Within this ascending channel, a symmetrical triangle has formed. The triangle is characterized by a converging range of price action, as both the...
AUD/JPY appears to be at an interesting juncture, as it tests a significant support level at 95.90 within the context of an established uptrend. We should closely monitor this price level, as a potential bounce from support could signal a continuation of the pair's upward trajectory. Since the start of the uptrend, AUD/JPY has displayed a series of higher highs...
After testing a critical support level at 0.6770, AUDUSD is showing signs of strength and is poised to resume its overall bullish trend. This technical analysis suggests that the pair's recent bounce off the support level indicates a potential upward move in the near future. Furthermore, when examining the broader trend, AUDUSD has been gradually climbing higher,...
EURUSD has been trading within an ascending channel, indicating a consistent upward trend. However, recent price action has revealed a concerning development, suggesting a potential shift in momentum. A bearish divergence has emerged, reflecting a weakening uptrend and raising caution among traders. Bearish divergences occur when the price reaches higher highs...
On the 30-minute timeframe, a bearish breakout has occurred as both the triangle pattern and key support level have been broken. This development aligns with the prevailing bearish sentiment on higher timeframes, indicating potential further downside movement. The breakout from the triangle pattern suggests a continuation of the bearish trend. Triangles are...