Hello traders! MATICUSDT has made a breakout from a recent triangle pattern and the higher timeframe direction remains bearish. In all logic, I am beting on a continuation to the downside! In addition, an increase in trading volume accompanied the breakout, validating the bearish momentum and suggesting a higher probability of further downside.
The AUDUSD pair has been trading within a well-defined channel, characterized by a series of higher highs and higher lows. However, recent price action has shown signs of weakness as the pair failed to reach a new high within this channel, creating a divergence from the established trend. This failure to establish a higher high suggests that the bullish momentum...
CHRUSDT has exhibited a promising bullish momentum as it successfully retested a key support level at 0.1110, indicating a potential bullish reversal. The recent price action shows a series of higher highs, suggesting increasing buying pressure and a potential continuation of the uptrend. Retest of Support: CHRUSDT recently retraced to the support level at...
Technical Analysis: Trend Reversal: After a prolonged uptrend, GBPAUD has experienced a notable reversal in recent periods. This reversal could be indicative of a shift in market sentiment and a potential change in the overall trend. Lower Highs and Lower Lows: The price structure demonstrates a series of lower highs and lower lows, indicating a downtrend...
Introduction: EUR/CAD has recently demonstrated a significant technical development, as it successfully retested a major support level at 1.43. This retest, coupled with the formation of a higher market structure, suggests the potential for an uptrend in EUR/CAD, offering us a potential opportunity for profitable trades. The retest of the 1.43 support level holds...
The NZD/JPY currency pair recently displayed a promising price action pattern, as it broke out of a triangular consolidation pattern and successfully retested a significant support level at 85.00. This technical development suggests a potential bullish momentum for NZD/JPY, providing us with an opportunity to capture potential gains. The breakout above the upper...
GBPJPY recently broke below a significant trend line support, signaling a potential shift in the market sentiment. Let's pay attention to this development as it could lead to a further downside movement. TARGET 1 : 173.91 TARGET 2 : 172.65 TARGET 3 : 171.21
EURNZD has jumped over 2.30% after the RBNZ decision. Now Price seems to be overbought and ready to test the area close to next resistance. The market structure on the higher timeframe remains bearish so this is technically a great entry price for a SELL. My target is the last low at 1.7120 .
UsdJPY has been on a run for a while now and with clean market structure suggesting a continuation to the upside. We have just broken the last high that turned into a support so the uptrend is still valid. More in the video...
GBPJPY has just created a new high... The trend remains intact and with fundamentals that haven't changed in Japen. Our target is still the same: 176.61 Yens. More in the video...
EURJPY was looking bullish until we tested our resistance at around 150.90. At this point, we started rejecting it to the point where we have broken out of the channel to the downside. However, considering the fundamentals affecting the japanese currency, this pair should soon continue the trend it started and the leg that was formed in the past few days should be...
On the verge of another 25 basis point hike from the FED, the GBPUSD is preparing a new bearish leg inside its channel. A new high point lower than the previous one has just appeared, which therefore suggests that the last low point should be broken soon if the consensus on the FED's decision remains the same...
Currently, the GBP/AUD pair has retraced to the 61.80% Fibonacci level, which is a significant level frequently observed in retracements. This level often attracts buyers who missed the initial move and are seeking favorable entry points. The presence of buyers at this level could provide support and fuel further upward movement. In addition to the Fibonacci...
CHRUSDT active addresses ratio has grown by 555% signaling a clear new interest in this coin. On the technical side, we have made a fakeout followed by a break and re-test of the support. My 2 targets are at 0.1548 and 0.1943 .
GBPAUD has finally broken out of the small consolidation we had from the begining of May. At moment, the pair is creating higher market structure and should break the last high to continue higher. My final target of this swing setup is at 1.9546. More in the video...
GBPAUD has moved exactly as we forecasted. After the break of the last high, the pair is creating a new higher low at the moment. The target remains the same while waiting for the RBA interest rate decision. More in the video...
Good evening guys! GBPJPY has managed to keep creating higher highs and higher lows on the higher timeframes. Price is trending inside of the channel and it just broke above its last high. My target is still the pivot point at 176.61 Yens. More in the video...
The US dollar has been rallying in the past few days since we broke the 103.40 level on the dollar index. Fundamentals also tend to push it higher so I will be bullish on the USD till we reach the 105.30 level.