FOREXCOM:XAUUSD is testing local levels in the correction phase and heading towards descending triangle resistance. There are several strong levels crossing in the area of 2035-2037. What to expect from the price? The price is in the correction phase testing the symmetrical triangle resistance as well as the previously broken ascending support line....
FX:USDJPY is technically poised to hit a multi-month high. Against the backdrop of a strong dollar, the JPY is losing ground as the Central Bank of Japan is failing or is not going to do its job. On D1 we see a global setup, where the fact that the market wants to break through 150.286 - 151.944 becomes quite obvious. Regarding the lower boundary - 150.286, a...
Hello guys, As we all know there can't be only one directional move in any healthy financial asset. It seems the digital gold is somehow in an exhausted state since we have been watching the Bulls strong accumulation since the first day of the ETF approval. As we predicted earlier this week about its possible bearish momentum formation this bearish behavior...
Hi guys, this is my overview for XRPUSDT, feel free to check it and write your feedback in comments👊 Recently price entered to triangle, where it first made upward impulse from support line to resistance line of triangle. Then price turned around and declined to support line back, breaking $0.5790 level, which coincided with resistance area. Also soon, Ripple...
GBPUSD may lose ground amid the weakness of the British market against the dollar. The dollar index is strengthening amid more positive news this week than analysts expected, moreover, another indicator of tight policy is the high interest rate in the US, which continues to be kept at the same level. Reasons for a possible fall 1) Downtrend 2) Weak fundamental...
📊Analysis of silver in the medium and long term Analysis style based on Elliott waves The market is in the range of the triangle abcde and we are close to the end of the triangle, the support is the range of 22,000 and again by maintaining this number and maintaining the upward trend line in the triangle, it can continue to climb and by breaking the ceiling of the...
Analysis of silver in the medium and long term The market is in the range of the triangle abcde and we are close to the end of the triangle, the support is the range of 22,000 and again by maintaining this number and maintaining the upward trend line in the triangle, it can continue to climb and by breaking the ceiling of the triangle towards the number 30 .000...
As I predicted earlier, USDJPY nicely respected a broken key horizontal structure on a daily and bounce from that. Analysing a 4H time frame, I spotted one more bullish confirmation: this time, the price violated a resistance line of a symmetrical triangle formation. We may expect a retest of a current high now, with a consequent continuation to 151.3...
This is a very good selling opportunity for GBPUSD... you can see a rising wedge triangle pattern attached to the chart with very low risk and a high reward ...
Filecoin just closed within the weekly cloud which signals an E2E trade entry. The conservative cloud target is $36, but could also hit the $63 area this year if it goes up fast. Price is currently consolidating within a multi-year symmetrical triangle, which I anticpate will soon come to an end. Upon breakout the measured move, based upon the fibonacci...
Asian paints in weekly pattern formed a good pattern of triable price action. A good support and resistance and price is at bottom.
Adani Power Limited is a holding company engaged in providing electric power generation by coal-based thermal power plants and coal trading. So, after the BO of this pattern to the upside, we can expect a move of around 30% and can keep a stop-loss below the swing low. NSE:ADANIPOWER
Price has formed on this asset a triangle which it is currently trying to break to the upside. If we manage to break it to the upside and we continue to create higher market structure combined with current macro economic conditions, my targets will be 91.48 and 93.00 .
Grindwell Norton invites attention as it positions itself for a potential breakout. This exploration delves into the compelling factors shaping a promising swing trading opportunity. Reasons are listed below : Grindwell Norton has undergone rigorous testing at the 2320 levels, displaying resilience and now gearing up for a potential breakthrough. A bullish...
A symmetrical triangle formed on JSE:CPI from mid Jan and with yesterday's upward move it broke out of the top of the triangle. Generally, we see a nice continuation once the price breaks out of a triangle. Hopefully we will reach our target at the 2315 level.
DOGEUSDT was trading in symmetrical triangle pattern. The price was reacting well the support and resistance of triangle. 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...
As shown on the 15 minute chart XNGUSD is in an ascending wedge pattern which is generally considered bearish. In the past day, price has fallen slightly below the support trendline. Is this a fake-out or a breakdown? The RSI had turned decidedly weak while the MACD lines crossed above the histogram and are now under the horizontal zero line. These both...
30-min chart, ISMQ is trading in a triangle, where the price is in the midway and the direction is downwards to the support line S.30 We should have a direction confirmation before a new buy entry. Crossing above R.30, will push the price to 5.25 Stop loss below 4.60