linofx1

linofx1

Despite the fact that Gold is currently in a long-term bullish trend, there are some bearish signs to consider. Firstly, the pair broke a support trend and closed below it on an hourly time frame. Secondly, the price has formed a descending triangle pattern and is close to breaking below its neckline, indicating a potential sell signal. These two bearish...

linofx1

USDCAD successfully broke through the neckline of an ascending triangle pattern on a 4-hour chart and closed above it. This signals the strength of buyers and suggests a potential return to an overall bullish trend in the market. The next target for buyers is 1.3686.

linofx1

Update for 📈GBPUSD. The GBPUSD price has effectively surpassed and closed above the neckline of an ascending triangle pattern on the hourly chart. This is a significant indication of a bullish signal. Given that the market is currently in a long-term uptrend, it is likely that the pair will continue to rise in the near future. The next target levels to...

linofx1

Update for 📈GBPAUD. The GBPAUD price has successfully surpassed and closed above the resistance level of a narrow horizontal range and a declining trend line on a 4-hour chart, signaling a strong bullish trend. The broken resistance is now turned to support Taking into consideration that the market has been consolidating for the past two weeks, it is expected...

linofx1

Gold surpassed and ended above its all-time high level today. The previously broken structure has now become a zone of demand, and the pair is currently testing that broken structure again. I anticipate an increase in buying volumes in that area, leading to a bullish trend continuing towards 2460.

linofx1

The GBPUSD ended the previous week by testing a resistance cluster formed by a horizontal structure. Due to the strong bullish trend, there is a high likelihood that the market will break through this resistance. I will be looking for a confirmation of a bullish continuation with a 4-hour candle closing above the marked blue area. If this happens, the market...

linofx1

Following a breakout of an important daily horizontal level, GBPAUD is currently consolidating within a horizontal range on a 4-hour timeframe. Traders seeking a short-term selling opportunity should watch for a bearish break of the range's support, with a 4-hour candle closing below 1.890 providing a strong confirmation for a bearish trend. In this scenario,...

linofx1

The USDCAD formed a rising wedge pattern following a breakout of a significant horizontal support level. After a retest of the broken structure, the price rebounded strongly, breaking through the support of the wedge. It is likely that the pair will continue to decline, with potential targets at 1.3586 and 1.3559.

linofx1

AUDUSD is currently in a long-term uptrend. After reaching a level of 0.664, the market pulled back to a trend line that is moving upwards. The pair was able to break through an important daily resistance area. The broken structure, along with the major rising trend line, now form a contracting demand zone, which is where the next upward movement is expected to...

linofx1

I see a strong bullish trend in GBPCAD, with a large inverted head and shoulders pattern formed on the 4-hour chart. After breaking and closing below the neckline, it has now turned into a strong resistance, confirming the continuation of the bullish trend. The next target is the immediate resistance level at 1.7330.

linofx1

Gold surpassed a strong horizontal resistance cluster and a significant downward trend line. The broken structures now form a larger demand zone. I anticipate a bullish movement from this area soon, with targets set at 2394 and 2420.

linofx1

The Dollar Index is experiencing a slight downward trend, with the price consolidating in a descending triangle pattern. The neckline of this pattern is between 105.09 and 104.88, which has been a major horizontal structure. If the price breaks below this level and closes on a 4-hour chart, it is likely that the market will continue to decline. The first target...

linofx1

Gold created an ascending triangle pattern following a test of a horizontal support level on a 4-hour chart last week. The pattern had a strong horizontal key level as its neckline, which was successfully broken and closed above last week. I anticipate that the market will experience upward movement in the near future, with potential targets at 2360 and 2380.

linofx1

The EURUSD is experiencing a slight upward trend on a 4-hour chart, with lower highs consistently following a declining trend line. Following the last test of this trend line, the market has begun to consolidate within a horizontal range on the 4-hour time frame. The price has already broken the vertical trend line, indicating potential for a bullish breakout...

linofx1

↪️The Dollar Index broke through a significant daily demand zone last week, which has now become a supply area. The price is currently testing this broken structure and I have identified a bearish flag pattern in the intraday price action. The price has broken below a support line of the bearish flag pattern and closed below it, leading me to anticipate a...

linofx1

The GBPCAD is about to retest a broken horizontal support level, which is now likely acting as resistance following a breakout. To confirm a bearish trend, I have observed a horizontal range on the 4-hour chart and a bearish breach of its support level. I anticipate that the price will decrease to around 1.7043 or 1.7000 in the near future.

linofx1

Bitcoin reached its all time high of $73,800 before experiencing a decline to the support range of $57,739-$56,132. However, it later increased by over 15%. The price is currently following a downward channel with no breakout yet. If it can break out and close above the channel resistance, it may reach the resistance level of $74,000 again. If the trend...

linofx1

The GBPUSD shows another sign of bullishness as it retests a strong demand area and creates a double bottom pattern. Breaking through the neckline of the double bottom pattern. I anticipate a rise towards 1.2550 / 1.2600.