BluetonaFX

BluetonaFX

Hi Traders! AUDUSD looks bullish as it targets the double top resistance on the 4H chart. Here are the details: Since breaking and closing above the 20 EMA, the price action has been aggressively bullish, and the market is now in an ascending price channel and is near the double top resistance at 0.65430. The plan here is to buy market dips at retracement...

BluetonaFX

Hi Traders! There is a potential breakout on SILVER as it tries again to break the long-term support level.   Here are the details: Looking at the price action, it looks bearish; the market swings are lower with lower highs and lower lows. The market has broken and closed under the 20 EMA, and this is the third time around the 21.885 support level. The plan is...

BluetonaFX Updated 

Hi Traders! There is a bull flag pattern developed on the DXY 4H chart. Here are the details: The price action looks bullish, and the market looks like it is about to complete the consolidation phase in the flag's channel as the flag pattern is in its late stages. The market is still above the 20 EMA, which is a bullish signal. As long as the market remains...

BluetonaFX

Hi Traders! USDJPY is near the psychological 150.000 level, and it looks to possibly re-test its 3-month high at 151.911.  Here are the details: Looking at the price action, it looks bullish; the bull flag, along with the previous yearly high, has broken. The next big test is as the market approaches the 150 handle. There may be some strong resistance here, as...

BluetonaFX

Hi Traders! GBPUSD has a bearish outlook on the 4H chart, and we could have a breakout soon as further pressure is quickly mounting on the pound. Here are the details: Looking at the price action, it looks bearish due to the market swings; the market has tested the support trendline multiple times and has had a recent price rejection at 1.26548. Additionally,...

BluetonaFX

Hi Traders! There may be a break soon as USDCAD looks to test the 1.35440 resistance area for a third time. Here are the details: The price action looks bullish; the market swings are getting higher, and the 20 EMA support re-test has held. Our idea here is to buy market dips leading up to 1.35440 for a possible break above if the bullish momentum continues....

BluetonaFX

Hi Traders! USOIL is in an ascending price channel as it looks to break back above the 75.00 level. Here are the details: The price action looks currently bullish; the market swings are getting higher, and the price is about to break back above the 20 EMA. Our idea here is to buy market dips leading up to the 20 EMA break. Short-term targets are levels around...

BluetonaFX

Hi Traders! EURUSD is in a descending triangle, and there is a possibility of a break below the trendline support. Here are the details: The market is trending down with swings of lower highs and lower lows following the break and close below the 20 EMA. Our idea is to sell rallies, looking for a break below the support trendline at 1.07237. Preferred...

BluetonaFX

Hi Traders! There is a bear flag pattern developing on the AUDUSD 3H chart. Here are the details: The price action looks bearish, and the market is currently in a consolidation phase in the flag's channel as the flag pattern is in its early phase. The market is still below the 20 EMA, which is a bearish signal. As long as the market remains below the EMA and...

BluetonaFX Updated 

Hi Traders! A head-and-shoulders pattern is forming on the AUDUSD 1D chart. Here are the details: The market has found strong support at the 0.65255 level, which is the neckline. The right shoulder is currently forming, and we expect some consolidation around this level before a possible break and close below the neckline. The plan here is to monitor both the...

BluetonaFX

Hi Traders! USDJPY looks to be targeting the 150.000 psychological level long-term, as the US dollar currently looks unstoppable. The market is also about to break its bull flag formation. Here are the details: After consolidation in the bull flag pattern, we have now had huge bullish momentum, and the next target is the current yearly high at 148.808. The...

BluetonaFX

Hi Traders! A symmetrical triangle has formed on the GBPUSD 1D chart, and we could have a breakout soon as pressure is quickly mounting on the pound. Here are the details: The market has found support and resistance at both the trendline support and trendline resistance of the triangle, as the market is looking for a direction. Looking at the price action, it...

BluetonaFX Updated 

Hi Traders! An ascending triangle is forming on the NZDUSD 4H chart, and we could have a breakout soon. Here are the details: The market has found support and resistance at both the trendline support and trendline resistance of the triangle, as the market is looking for a direction. Looking at the price action, it looks bullish due to the market swings; the...

BluetonaFX

Hi Traders! A falling wedge is forming on the EURUSD 4H chart, and we could have a breakout soon. Here are the details: The market has found support and resistance at both the trendline support and trendline resistance of the wedge, as the market is looking for a direction. Looking at the price action, it looks bullish; we have had multiple tests at the...

BluetonaFX

Hi Traders! A symmetrical triangle is forming on the GBPUSD 4H chart, and we could have a breakout soon. Here are the details: The market has found support and resistance at both the trendline support and trendline resistance of the triangle, as the market is looking for a direction. Looking at the price action, it looks bearish; we have had multiple tests at...

BluetonaFX

Hi Traders! SILVER has broken its trendline resistance on the 1D chart. Here are the details: The market has found support around the 21.874 level, which is a previous swing low. Today's candle has opened above the trendline resistance and is currently on the 20 EMA. We are looking for a close above the trendline resistance and a momentum push above the 20...

BluetonaFX Updated 

Hi Traders! A symmetrical triangle is forming on the USOIL 1D chart, and we could have a breakout soon. Here are the details: The market has found support and resistance at both the trendline support and trendline resistance of the triangle, as the market is looking for a direction. Looking at the price action, it looks bullish due to the market swings; the...

BluetonaFX

Hi Traders! There is a bull flag pattern developing on the USDJPY 1D chart. Here are the details: The price action looks bullish, and the market is currently in a consolidation phase in the flag's channel as the flag pattern is in its early phase. The market is still above the 20 EMA, which is a bullish signal. As long as the market remains above the EMA and...