AhoyPolloi

AhoyPolloi

Introduction: Welcome to an advanced dissection of the GBP/AUD pair, where we harness the combined power of Elliott Wave Theory and classic technical patterns to forecast potential market moves. Our current focus lies on an intriguing setup that’s been respectful of its technical territories, presenting a textbook example of an Elliott Wave sequence complemented...

AhoyPolloi

Analyzing the 30-minute chart for Gold Futures (GC), we see a market that’s currently wrestling with bearish sentiment, as indicated by the recent downtrend. **Trendline Pressure:** The chart shows a prominent descending trendline that has been acting as dynamic resistance. The price is consistently making lower highs, which aligns with bearish momentum. For...

AhoyPolloi

The GBP/USD 1-hour chart presents a compelling setup for traders looking to capitalize on Fibonacci retracements and fair value gaps (FVGs). **Retracement Watch:** The currency pair has recently experienced downward momentum, as highlighted by the progression of lower highs and lower lows. The focus is now on a potential retracement back into the FVG denoted by...

AhoyPolloi

As we approach the closing bell of the market this week, all eyes are on the EUR/USD pair, which presents a fascinating technical setup. Traders are gearing up for a dynamic week ahead, with potential scenarios that could unfold within the currency pair’s trading landscape. Here’s what we’re observing: Bullish Retracement Expectations:The pair currently sits just...

AhoyPolloi

In our latest technical assessment, we delve into the one-hour chart of Gold Futures (GC) to discern the short-term trajectory dictated by technical patterns and key levels. Current Positioning and Key Levels:As of the most recent trading session, Gold Futures are hovering around a delicate equilibrium, with the price stabilizing near $2166.5. This pivotal...

AhoyPolloi

After weathering a lengthy bearish season, CADCHF has shown a stellar performance, breaking through a major downtrend line. This key move, coupled with a breakout above a critical correction trendline, has put CADCHF firmly in the spotlight. We’re now on the lookout for a retest of the correction trendline, which could set the stage for lucrative long entries....