BINANCE:DOGEUSDT reached the demand zone at 0.120. The market bounced off the support level and made a new high in March. The price has returned to this area. If the price stays above the key support at 0.12, most likely there is buying pressure. From the high price, the market made a -47% correction, which might be a good zone to consider buying. If it breaks...
Yesterday, the market responded news reports by rebounding from the support level. It formed a fake breakout of the previous week low. I think the OANDA:XAUUSD might pullback toward the round numeber at 2300 then move upward. Since we have another upcoming news today, there is a chance that the price may roll back. Basically, I expect the price to continue...
The market is updating the swing highs and higher lows. On the 4H timeframe, it's approaching the two resistance zones. The market usually tests the level, which is higher or lower. FX:AUDCAD broke and closed above the swap zone, and it broke the key level at 0.89500 because the price respected the level multiple times before. The market is ranging after an...
As I mentioned yesterday, following the substantial decline observed on the last day of April, OANDA:XAUUSD could potentially rise and test the resistance zone around 2315. Indeed, Gold rose even further to the 2330 zone before beginning to decline once more. In my view, the medium-term trend for Gold has shifted to bearish, and I anticipate a new decline...
In the daily time, it is moving in an upward channel, which faced selling pressure after reacting to the supply zone and not being able to break the zone. 💎 Currently, according to the momentum and downward guard, after an attempt to the midline of the channel, it is continuing to correct to the bottom of the channel. 💎 According to the trading node and the...
BINANCE:BNBUSDT has been consolidating over the month now. It is heading toward the bottom of the consolidationg zone. As you can see, the market made impulse leg. I think the market might move down to retest lower prices down to 500. We can expect the market to retest the previous month low from the trendline and swap zone. If the price rejects the resostance...
In the weekly time after a three-wave correction in the range of the green supported box. Currently, it has a three-wave upward movement that has completed a complex combination correction in the form of wave 2 and is currently in wave 3 of 3, wave C or 3 big. Therefore, I expect it to touch the specified targets on the chart after the supply zone is broken...
The price perfectly fulfilled my last idea. It played out nicely and hit the target. OANDA:XAUUSD is pulling back towards the resistance zone after breaking the strong level at 2300. The market is forming a bearish flag formation, as I mentioned in my weekly forecast. Today we have high-impact news, so I think it might continue moving downward if DXY moves up....
The price perfectly fulfills my last idea. The market fell from the resistance zone and hit the target level. FX:EURAUD fell from the range zone and pulled back to it. The price updated its lower lows and closed below the key level at 1.65000. The market rejected this resistance zone multiple times before, as you can see. I expect it to fall from the resistance...
The price perfectly fulfilled my last idea. It played out nicely; it fell from resistance and hit the targeted level. On the 4H timeframe, FX:EURUSD bounced off the resistance by forming an impulse movement. On the daily timeframe, it broke the strong level at 1.07000. I think the market might pull back to the resistance zone and then move downward before the...
The price perfectly fulfilled my previous idea. The market literally went down and hit the target level. FX:EURUSD is heading toward the strong resistance zone between 1.07300 and 1.07600. If the price rejects the resistance, then we can expect the price to move to a to a lower level. However, if the market breaks through the resistance zone, we expect the price...
Following a very choppy price action that finalized a flag pattern, OANDA:XAUUSD experienced a significant decline yesterday, amounting to a drop of 500 pips, breaching crucial horizontal support levels at 2315 and the 2300 mark, nearly reaching the support zone at 2270. After such a substantial decline, a rebound is possible, though the medium-term trend...
In the monthly time, as mentioned in the previous post, after the correction in the form of a smaller valley that formed the cup pattern, it completed the correction wave 4 and is currently in the ascending microwaves of wave 3 of 5, which as In the daily time frame chart, it can be seen that it is moving in an ascending channel, which is currently broken from the...
In the analysis of the previous post, the alternative scenario occurred and it exited the ascending channel at the 12H time. 💎 But now a multiple compound correction has occurred as seen in the chart. 💎 In the last correction, a 5-wave downward correction was made, which led to channel failure. After that, it faced a demand that is currently suffering in the PRZ...
On the 1H tiemframe, BINANCE:MATICUSDT broke and closed below the support level that became the resistance zone. The price is rolling back from the border of the channel. On a broader view, the market is a consolidation zone, and the market did not test the bottom of it. I think the market might continue moving downward since the overall trend is bearish on the...
OANDA:XAUUSD market made a notable decline over the week, but it has now rebounded from the key support level at 2300. It's probable that we might see further consolidation because any market cannot move straight up for a long time; it moves in ebbs and flows. This consolidation will likely involve the typical sideways movement and market noise of the gold...
BINANCE:ETHUSDT made a false breakout of the resistance at 3300. It failed to set new higher highs. Overall, the market is bearish on the 4H timeframe. I think the market will break through the upward channel, then move downward to the key level at 3000. The price action created an equal low, and it potentially might retest the lows or even go lower. I expect the...
The price perfectly fulfilled my last idea. It hit the target. The market made a pullback into the range zone after resistance level rejection. OANDA:XAUUSD failed to move higher and pushed back. I think the market may retest the resistance and channel border, then go down to recent support levels, breaking through the key level at 2300. The market formed two...