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USDCAD reached a resistance line of a major channel on a daily. on 1H the price is forming a double top formation on its boundary. to trade with a confirmation, wait for a 1H violation of 1.3216 minor support. then short the pair. target levels: 1.3186 1.315 in case of a new higher high formation, setup will be invalid

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if you are struggling to make predictions on gold atm, you are now alone. I am also stuck with its price action and behavior during the last two weeks. technically the price is now trading in the middle of August's trading range. the support of the range is based on the rejection wick of 12th august candle and two major rising trend lines that expand the...

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CADCHF is approaching a strong daily resistance cluster. the price action contracts within the rising wedge pattern signifying the weakening bullish momentum. taking into consideration that the trend is bearish, the price will most likely continue its fall soon. to catch a bearish continuation, wait for a bearish violation of the support of the wedge (daily...

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EURCHF has reached a support line of a major daily channel. on 4H we see a positive reaction to its support with a bullish engulfing candle formation. now the price will most likely keep growing. target levels: 1.078 1.080

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on Thursday NZDUSD broke below a 4H structure support. the breakout is considered to be confirmed and on Friday the price retested the broken level. Friday's high momentum bearish candle indicates the prevailing bearish sentiment. on Monday the price will most likely keep falling! those who will trade the market opening will have a perfect opportunity to sell...

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if you are struggling to make predictions on gold atm, you are now alone. I am also stuck with its price action and behavior during the last two weeks. technically the price is now trading in the middle of August's trading range. the support of the range is based on the rejection wick of 12th august candle and two major rising trend lines that expand the...

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on Thursday NZDUSD broke below a 4H structure support. the breakout is considered to be confirmed and on Friday the price retested the broken level. Friday's high momentum bearish candle indicates the prevailing bearish sentiment. on Monday the price will most likely keep falling! those who will trade the market opening will have a perfect opportunity to sell...

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CHFJPY has reached a strong 4H structure resistance. on 1H the price formed a head and shoulders pattern on that, confirming the strength of that level. now I am waiting for a neckline breakout (1H candle close below) to short the pair. target levels: 116.12 115.82 if the market goes up and closes above the head, setup will be invalid.

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AUDNZD is unstoppable. the pair keeps growing like crazy, breaking multiple daily levels. big picture helps to identify the goal of buyers: on a weekly, the price is clearly trading within a wide horizontal trading range. 1.2 - 1.3 is its resistance and it looks like buyers will do everything to push the market to that target. only from that area, it would be...

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How to measure inflation? though we normally apply CPI reports for measuring that, it looks like this data is no more relevant. I was a bit surprised by the nature of the sharp growth in different markets from March: cryptocurrencies, stocks, metals, commodities . while many countries are STILL in lockdown and many people just went bankrupt during these hard...

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pending order went active this night on silver. reason: breakout of the support line of the rising wedge pattern and confirmed violation of the major horizontal support. trade was placed on the retest of that horizontal level. now bearish continuation is highly probable. initial target is 26.0

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Confirmed bearish breakout of a rising wedge pattern on chfjpy. taking into consideration that the pair is overheated on a daily, chances are high that the price will keep falling. target levels: 115.6 115.15

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those who missed a short trade from the resistance of the 4H horizontal trading range may now catch a bearish continuation after a confirmed breakout of a neckline of a h&s pattern. high momentum bearish candle signifies the overwhelming dominance of sellers and confirms our predictions. their goal is now 1.637 good luck

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EURUSD broke and closed above the resistance line of the horizontal decision range. now the breakout is considered to be confirmed, and it is a clear bullish sign for us. the expansion to 1.2 level is highly probable. however, note that the last few candles are very weak. it looks like the market is relatively overbought after a breakout. for that reason, look...

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Confirmed violation of a major falling trend line on AUDCHF. on 1H the price has also broken above the horizontal resistance of the ascending triangle. now bullish continuation is highly probable. goals: 0.656 0.657 do not enter aggressively, it is way better to catch this long on a retest.

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it looks like spy is going to set a new higher higher higher close soon. the price has recently broken above the resistance line of the ascending triangle formation. the breakout is considered to be confirmed now. next goal for buyers is 3413 level. it is based on a long wick of 6th August candle. because the market is trading on daily highs, I would suggest...

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Silver broke above a bull flag pattern on 1h. taking into consideration a strong sharp bullish trend, I believe that the market is ready for the next bullish wave. goals: 27.55 28.4

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GBPCAD is trading in a local bearish trend. on friday 4H structure resistance was reached and from that, we expect a bearish continuation. the price formed a double top with a lower high formation on 1h, confirming the strength of 4h structure and now we are looking for a bearish violation (1h close below) of its minor support 1.735. as soon as the above...