In recent US trading sessions, the GBP/USD currency pair has dropped below the 1.2600. This sharp decline has been driven by the strong rise of the USD, indicating robust and stable growth in the US economy. Technical charts illustrate this significant adjustment, with indicators such as the Simple Moving Average (SMA) and the Relative Strength Index (RSI)...
EURUSD may continue its decline amid economic instability. The dollar index is strengthening on market manipulation by the Fed. The regulator is not going to reduce the interest rate early. The euro is declining against this background, showing some weakness. Reasons for the decline: 1) Market structure is changing 2) The previously broken trend plays into the...
Gold is getting stronger amid favorable fundamental background that emerged after the Fed chief's speech. He suggested for the future that they are preparing to cut the interest rate and the high dollar may come down. Speculators took this as a favorable wind and started buying the asset again Reasons for further growth ↑: 1) The market bought back half of the...
GOLD is not giving up. The price continues to observe the boundaries of the uptrend. Another retest of resistance after a test of support is being formed. At this point, a setup is forming, after which a correction to the trend support area may be formed Prerequisites for a pullback and further growth: 1) Price tests resistance three times, each new reversal is...
FX:USDCAD is forming an impulse from the base of the ascending price channel. When breaking through the resistance mentioned earlier, we see active strengthening, which is also supported by the fundamental component The TVC:DXY is in a bullish trend, as evidenced by the weekly chart on the left. The price is chasing a rise towards 107.5, which will make the...
EURGBP made an unsuccessful attempt to break through resistance on the background of weakening pound sterling. A false breakout in the double top format is forming. TA on the high timeframe: 1) False breakout of range resistance may bring the price back to support 2) The liquidity target area is around 0.85600. TA on the low timeframe: 1) A move back inside the...
GBPJPY is in the correction phase amid the global uptrend. The Central Bank may stop raising rates, which will predictably affect the pricing of the pound. A wedge is forming within the correction, which is an interesting set-up against the backdrop of the GBPJPY currency pair TA on the high timeframe: 1) The Japanese Yen may continue its weakening. In this case,...
USDCAD is forming a retest of the key support area. The correction phase is quite deep and amounts to almost 1.5% of the price. Most likely, as long as the market is standing still, including the dollar, the currency pair can form a false breakdown of the liquidity area TA on the drawdown timeframe: 1) support retest, we have 5 confirmations. The level was...
GBPUSD forms a rebound from 1.26525 support and forms a local counter-trend correction TA on the high timeframe: 1) Price in the range of 1.28484 - 1.26525 2) After a false breakdown of support there is a potential for strengthening to resistance TA on the low timeframe 1) A local bullish channel is formed 2) Price consolidates at support and forms a retest of...
BYBIT:BTCUSDT.P Hey guys just a quick update on BTC... it's boring yes. that's why I'm staying patient and just risking 1% here and there so not trading much at all at the moment. So obviously you can see we are hanging at a bearish type of order block and the chart overall does look quite bearish for the time being or 'in consolidation' or as I like to call...
GBPAUD is forming a false breakout and a global reversal pattern that could send the price 400 pips down. TA on the high timeframe: 1) False breakout of the resistance zone: 1.9183 - 1.9035 2) Price breaks the base of the reversal pattern and forms an impulse. TA on the low timeframe: 1) The H&S reversal pattern starts the realization phase 2) As the price is...
EURCAD is breaking the channel resistance, but there is no the reaction that everyone is waiting for. A bottom has formed on d1 and a counter-trend movement is starting to form. TA on the high timeframe: 1) Price breaks the resistance at 1.45120, but there is no impulse, which should happen when breaking the resistance 2) The same flat is formed. The price may...
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. ETH has been stuck inside a range between 1500 support and 1700 resistance. Now ETH is sitting around 1700 - 1730 resistance zone. 🏹 For the bulls to take over, we need a momentum candle close above 1730 Meanwhile, if we break below 1650, a correction till 1500 support...
Saw resistance at that highlighted price point .95571 Also from may and the long wick from Jan 23. Good risk to reward ratio. RSI also high at 72.74
Axis bank has given a breakout from its Resistance zone and volume profile showing high volume traded at a near higher price, it is giving high probability to continue uptrend after a breakout above @965 level. Entry Level:- Above @965 StopLoss:- Below @958 After breaout of level @965 Target:- 1:1 or 1:2
Tata motors showing reversal after 3-day consolidation in a narrow range, after the breakout from resistance zone can give good risk-reward. keep eye on it and be ready to grab it. Entry Level:- above @397 StopLoss:- Below @392 Target: 1:1 or 1:2
Evening Traders, Today's analysis, EURUSD, Technical points to consider, - Price Action Impulse - Monthly S/R Resistance - Weekly S/R Resistance - Local Resistance Price Action needs to reject at local resistance for a fill of the single print, this will give a change of a BOMS, holding support will increase the probability of a rotation towards the...
37.50 the 0.5 fibonacci retracement and a zone of a previous battle field. Strong resistance. Let's see how it holds.