As long as AUDCAD is inside the recent parallel channel, AUDCAD market is bullish.
The prospect of the Federal Reserve moderating the pace of its policy tightening appear to weigh in on the U.S. currency as price action broke out of the $1.0000 mark a couple of weeks ago. However, sellers appear to be stalling all buying attempts as the $1.04500 level became a strong resistance area for sellers in the last two weeks hereby limiting all bullish...
Red price channel = 7month decline (delayed quantitative tightening monetary policy due to Russia invading in February 2022, March 2022 FED implemented rate hikes 25bps then 75bps to tackle high inflation) Blue price channel = potentially the new bull trend (FED more dovish, “inflation may have peaked”, lowering from 75bps to 50bps for December’s upcoming FOMC...
Analysis is on my chart. Best of luck traders! Keep your risk in check.
HEY GUYS i just identified and drawn a channel pattern in BNBUSD, So we wait for the direction of the price break out and retest.
INJ has recently entered a bearishn trading channel. price managed to bounce from the lower bound but it is showing weakness in its rebound. If the lower bound gets broken down, there is room from further downside. if the price manages to bounce back, it will have to fend off the upper bound of the channel before confirming the upward trend. Upper bound...
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Here we have a closer look at the Bitcoin price and how it is moving Bitcoin price has broken the midline of the rising channel, then now has a test for the broken line We expect it to act as a strong support in the future, and the price will launch from these areas strongly to higher targets Please support the idea by clicking on the Like button and expressing...
The Euro is headed into winter under bearish conditions. Price is well under the 200 EMA, price is also trading downwards inside of price channel.
technical analysis 1- resistance area 2- breakthrough 3_ Re-test 4- price channel
Best Traders , channel price potential to break it down or trap to go up inside again , what good to know the price breaked out down out of channel price and bounced to retested , but untel yet is not enough for me te confirm the break out , i wait for price action say to me yes i will go down , its good for you to follow this study and keep looking for price...
Hi friends. Despite a bad news for inflation and us CPI comes 9.1 but we can see a short term grow in market i think. in that case yesterday Binance burns about 450 milion $ worth of BNB. and we are in a good support level. in weekly timeframe we have 2 Resistance ahead: one at 250$ and one at 315$. if we surpass first level , we reach second simply. 315$ is also...
After a huge down trend, ETHUSDT is accumulating for 25 days in a channel. As we know, trading in channel is quite simple: sell from the top, buy from the bottom. And don't think about future of the pair, unless you see the signlas shows that the pair is going to break borders. (the blue arrow and the red one). To make Breakthrough scenarios active, local...
Pair: FX:AUDUSD Timeframe: H4 Direction: Short Technical Confluences for Trade: - Price action went below mid of Parallel Channel - Stochastic Overbought momentum - Wide EMA gap - Resistance ceiling can be seen at the previous high levels Fundamental Confluences for Trade: - Growth outlook is slowly weakening across the globe due to high prices -...
This chart shows the weekly USD index chart vs the daily ETH/BTC chart The Descending channel results in a bullish outcome The Ascending channel a bearish outcome
NYSE:BABA Today the overall market had a green day, many big names like TSLA and FB rallied more than 4% today. But the question I am going to ask is: “Do you think this is the end of the enormous channel BABA has been trading in? BABA started trading in this channel since 2020! But BABA sort of broke out today. But this could also be a bull trap. Today’s volume...
Price action on US30 on a daily timeframe shows the index trades inside a descending price channel and is expected to continue trading within. The technical bias is to go short on the DowJones from levels of resistance 33450 (in case bearish price action takes place) or the following resistance 34000 points which coincides with the upper limit of the price channel
BINANCE:BTCUSDT In order to be able to see the chart rise or fall, we have to wait for the future price channel to be broken and confirmed.