Under the 4-hour time frame, we can see that BTC is not yet ready to take a lift-off. We see the price rejection happened over the trend line resistance with solid selling pressure indicating that the price is under control. Here we expect to see another downside momentum to create a bearish impulse in the channel. This picked-up channel is playing a significant...
#XAUUSD has just created a bearish breakout on the bear flag formed. Here we may see a further downside momentum towards the bottom support highlighted. Where we also following up on a hourly bearish trend at the moment.
#AMZN is growing up inside a bullish channel where we are now about to see a possible reversal based on the daily resistance formed. A minor pullback/retracement might be seen in the next few days.
#TSLA 's expanding channel formed is playing a major role. We see a reversal followed by the strong resistance formed and this retracement can be extended towards the bottom bullish impulsive trend line formed.
#NVDA has confirmed a hourly bullish channel breakout and the recent price is on a pullback to retest the lower boundary formed. Here we can expect a further downside momentum ahead which is expected to retrace back close to the key level highlighted.
#GBPUSD is on a rising wedge pattern where we see a bounce on the lower boundary recently looking for a bullish trend ahead towards the recent swing high formed. And also the impulses confirmed the completion of 4th wave while its accumulating the 5th now
#GBJPY is consolidating inside a distribution zone and we have seen a strong selloff that happened recently on the support breakout formed but it got faked out with a quick market recovery. We should pay attention to determine the future direction of this pair with a perfect breakout confirmation.
#GBPCHF is on a sideways price action playing inside a triangle with a strong support zone. Here we should keep a close watch on the price to determine the future direction based on the breakout this pair might take.
#EURUSD has created an expanding channel where we should keep a close watch on the trend line and also on the highlighted resistance as if the price will do a reversal or a breakout above the level.
#EURJPY is on a distribution zone which is now triple tops formed. We can clearly identify a head and shoulder pattern under the lower timeframe as well. With this price formation we can expect another revisit back towards the support.
#EURGBP on the daily timeframe we can see a possible inverse head and shoulder pattern which can show up a bullish breakout on the neckline area in the future. If the breakout happens as expected we can expect the price to ladder up and continue the rally towards the next swing high formed.
#EURCHF shows a breakout and pullback formation on the key level highlighted which is likely to continue the bearish trend and revisit the major support formed on the bottom area.
#EURAUD continue to grow on a bullish trend and here we see that the price has revisited an important daily resistance level, Here we may see a possible reversal or a breakout to the upside. On a bullish breakout the price may rally towards the upper boundary formed.
#CHFJPY is holding the price inside a very strong bullish channel and here we see a reversal formed close to the upper boundary and which is likely to retrace back close to the highlighted key zone.
#CADCHF is following back the support for another dip down below likely to form a triple bottoms pattern which can create another rally to the upside in the future.
#AUDUSD confirmed a bearish breakout on the support and here we see a strong rejection and a bullish candle closing happened in respect to the trend line formed. Here if the price continues to hold a bullish momentum to the upside we may see a move back above the broken support. And if the price fails this reversal and forms a bearish breakout on the trend line we...
#AUDNZD is just holding a daily support where we strongly believe that the price may retest a deeper level of support to accumulate more liquidity and buying pressure before a retracement. By any chance if the daily support holds stronger, we may not see a downside momentum in the future.
#AUDCAD Even though the price did a fake breakout on support, price got managed to move back above the support and which shows this level of support created is remaining very strong for this pair. The recent price trend followed has been taken inside a bearish channel to identify the next move with breakout confirmation in the future.