NZDUSD shows us bullish dynamics. At the moment a false break of resistance is being formed, against which a correction may be formed, as the dollar may strengthen a little bit Prerequisites for further growth: 1) Bullish trend 2) The dollar will weaken further as the US inflation is weakening. 3) NZD price is rising against the dollar, the currency pair is not...
GOLD is recovering at the retest of the support of 1932. The news background favorably influences the price of metal. During the rally, the market breaks the level of 1962 and apparently heads towards 2000 Prerequisites for further growth: 1) Bullish trend 2) Favorable fundamental background 3) Price consolidation above previously broken resistance 4) After...
GBPNZD under market pressure is declining towards the support within the formed range. On the background of the rally, there is a high chance to see a bounce from the support before further decline. Prerequisites for a rebound and for a fall: 1) We have a downtrend forming within a bearish price channel 2) False break of resistance indicates buying weakness, the...
GOLD is under bear market pressure. The sell-offs bring the price down to 1932 and form a consolidation. The market is building up for a further fall, and the correction may be quite protracted. Prerequisites for further fall: 1) there are no deep pullbacks after support retest 2) Consolidation is forming in the zone of local minimum. 3) Strong dollar negatively...
NZDCAD forms a trend change and continues to update local lows showing us the current trend. Prerequisites for further decline: 1) The market is neutral, flat is formed 2) The price bounces from support and heads to resistance to retest the line. 3) Locally - bearish trend. Resistance may push the price back Resistance levels: 0.8134, 0.8144, 0.8155 Support...
EURCAD is forming a pattern that can continue trend formation. On the chart we see an ascending triangle and a rebound from support. I am waiting for a breakout of resistance Prerequisites for further growth: 1) Fundamentally, EUR has a positive background 2) Bullish trend 3) Rising triangle and bounce from support 4) Price forms resistance retest 5) Waiting for...
GOLD is in the phase of realization of the reversal pattern "head and shoulders". Breakthrough of 1962.67 level and subsequent retest with further decline confirms this nuance. Prerequisites for further decline: 1) Weak fundamental background - the dollar is strengthening due to the news 2) Gold tests 1962, but cannot break through the level and the price falls...
GBPCHF is forming an attempt to break through resistance, but the liquidity area and fundamental component does not allow this to happen. A reversal setup is forming. The price breaks the trend support on the background of weakening of the pound sterling. Prerequisites for further decline: 1) The pound sterling is weakening in the market. 2) The price breaks the...
Gold is falling, but as part of a correction against the main global trend. After 3 weeks, the price is heading to the support to test this area. After such a period of time there is little chance to break this support, besides we have no preconditions for it. Prerequisites for a possible rebound: 1) Globally - bullish trend 2) Fundamentally - incomprehensible...
EURUSD is forming a support retest on the background of the correction when trend resistance is tested. The level of 1.0675 has already been formed and is a strong mirror support level. Another retest may confirm the bullish position and direct the price upwards. Prerequisites for further growth: 1) The dollar index is in a stupor and most likely ready to...
GOLD is forming a correction when breaking the local trend support. The panic zone is the support of 1964. The price is testing this area, I do not think that after such a strong movement the market will have the potential to break the level. Prerequisites for a possible bounce from 1964: 1) A strong move wastes potential. The opening session was around 1976,...
EURAUD does not pass through the resistance of the downtrend, consolidation is formed, which prepares the currency pair to fall. Prerequisites for further decline: 1) Euro is in the weak market phase and continues to decline. 2) A descending channel is marked on the chart, the price is bouncing off the trend resistance 3) Consolidation below 1.66166 forms a...
GBPAUD breaks the resistance of the downtrend, which increases the bullish interest. False breakdown is unlikely, correction before further growth is possible Prerequisites for further growth: 1) GBP is fundamentally strengthening on the back of geopolitics 2) The price breaks the descending resistance and forms an impulse 3) Before reaching the local target the...
GOLD is testing bullish trend support and at the same time resistance at 1988.6, which plays an important role in price formation. Prerequisites for further upside: 1) Bounce from support and bullish trend 2) Favorable fundamental background 3) Weak dollar is only positive for gold 4) The situation in the Far East 5) Consolidation in the rising channel between...
EURCAD is forming an uptrend. The euro is actively strengthening against the Canadian. A consolidation in the format of a symmetrical triangle with a false breakout of support is forming on the chart. If the resistance is broken, the price will head towards 1.4710 and further towards 1.4800 Prerequisites for further growth: 1) Consolidation and false support...
GOLD continues to consolidate near the ascending channel support. With news ahead, I expect a retest of the support in the form of a false breakout, which could be followed by a rise towards the 2005-2020 side. Prerequisites for further upside: 1) The news may be weak for the US market, which will be positive for gold 2) Retest of channel support - logical...
EURUSD is still in global consolidation. The market is standing still as the dollar stopped growing and went flat. NFP, Unemployment rate is released today. Prerequisites for further growth: 1) The news can be bad for the dollar and good for the euro. 2) Analysts expect 180K instead of 336K. 3) The price is forming a triangle consolidation 4) If resistance is...
GOLD is testing support amid the news we received on Wednesday. False breakout increases local liquidity in the market, after which the price strengthens. Prerequisites for growth: 1) False break of support against the background of an ascending channel is a strong signal for a possible continuation of the trend 2) Gold is still under the influence of increased...