The AUD/USD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a bearish channel pattern. This pattern suggests ongoing selling pressure and a higher likelihood of further declines in the coming minutes or hours. Key Points: Bearish Channel Breakout: The price has been trading within a descending channel...
Breakout for Canalaska CVV Backed by big volume too Next resistance 0.86 and then 1.52 Wait and see if it can break to new all time highs in the coming years. All depends on Uranium futures and the company's performance.
HUT is a volatile small cap in the crypto sector. It has earnings in five weeks and so has plenty of time for a run to the report. On the daily chart, it finds itself in a descending falling more or less parallel channel and testing the lower support trendline of that channel. The last trend down took about six weeks. A Fibonacci 50% retracement would take...
The GBP/CAD pair on the M30 timeframe presents a potential buying opportunity due to a recent upward breakout from a bullish channel pattern. This pattern suggests ongoing buying pressure and a higher likelihood of further advances in the coming minutes or hours. Key Points: Bullish Channel: The price has been trading within an upward-sloping channel defined by...
XAUUSD was trading in descending parallel channel. The price was reacting well the support and resistance of channel. Currently the price has given the breakout of triangle and now retesting the broken level where it is also forming a local support zone and seems like the price may go for another leg higher. If the breakout sustain to upside the optimum target...
EUR/USD Poised for Potential Downtrend as Bullish Channel Breaches Lower Boundary. The EUR/USD pair might be heading south, exhibiting a bearish signal on its H4 chart. A recent breakdown through the lower border of a bullish channel pattern suggests waning upward momentum and a potential shift in trend. Key Points: Bullish Channel Breakout: The price...
There is a beautiful price action in Reliance from past 1100 days and We see beautiful support at the bottom and we can see rejections at the top. The breakout is good and after retrace , the volumes are strong and it moved good. It moved 7.7% after retracing for 2 weeks.
I've been tracking the steady downward channel along with the similar pattern in the RSI, today the RSI broke up and out of the channel (see the green arrow), perhaps signaling a reversal in the downward price channel.
GBP/JPY M30 Channel Breakout Hints at Potential Upside: Buy Opportunity Emerges The GBP/JPY pair on the M30 timeframe presents a potential buying opportunity due to a recent upward breakout from a channel pattern. This pattern suggests a shift in momentum towards the upside, potentially offering entry points for short-term long positions. Key Points: Upward...
CVNA is looking to breakout of this downward channel it's been caught in since mid December. It has reclaimed both the 50 and 20 EMAs and is pushing the top end of the channel. With 35% short interest, a bullish Fed decision could send this flying.
The USD/CHF pair on the H1 chart exhibits a bearish signal suggesting a potential decline in the coming hours. A recent downside breakout from a descending channel pattern could offer a shorting opportunity. Key Points: Descending Channel Breakout: The price has been trending downwards within a channel defined by two falling lines, one for resistance and one...
Is this a breakout for Canalaska? No retest of the channel yet and over head resistance at 0.67 and 0.84. In support: over 4x average volume on week commencing 25th September and a higher pivot high compared to Jul 22. WARNING: This is not a recommendation to trade. Do your own research and decide your own trades.
1) On 2023 Dec 4, Nifty had a gap up opening. 2) This gap is 216 points between low and previous day’s high (20507.75-20291.55). 3) And it is 334 points between open and previous day’s close levels. (20601.95-20808.90). 4) Thereafter till 2024 January 16th, Nifty was travelling in an upward channel. 5) On 17th January this channel has been broken, and...
GBP/USD has formed a bearish channel pattern on the H1 timeframe, indicating a potential for further downside. Pattern: The price has been making lower highs and lower lows within the channel, creating a downward sloping trend. Sell Entry: A break below the channel support at 1.2665 could be an opportunity to enter a short trade. Targets: Potential bearish...
Hello Traders, welcome to today's analysis of Amazon. -------- Explanation of my video analysis: With the quite obvious and expected channel breakout in 2016, we saw a rally of more than 500% towards the upside on Amazon. This pump was followed by a retracement back to a previous support level before we saw another bullish reversal. If Amazon breaks back...
Weaker inflation, higher unemployment and gloom from policymakers. The fall in inflation is not the only issue holding the BoE back from hikes. BoE’s decision to pause and the probable end to policy tightening represents a loss of interest rate support Price breaks the channel now, its Good chance to sell now. Thank you
BoJ not changing policy, intensified interest rate differential game: Comments from the country's monetary authorities suggest a new wave of pressure on the yen after three months of easing or ‘recharging’. With the Bank of Japan not changing policy, the yen is potentially under pressure from an intensified interest rate differential game. And this game promises...
We expect further downside on this pair, signalled by the ascending channel pattern breakout. We can also see the breakout of a key level which further supports our directional basis.