UKOIL rebounded from the support level and broke close above the channel. The market descending channel is just a pullback on the 4-hourly chart, so it makes sense to buy the market. We expect a bullish move to potentially break out of higher highs. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
AUDUSD has been sharply bought back again after reaching lower support. Price has returned to the ascending channel and the dynamic resistance has been broken and now acts as support. The downward structure has not been broken yet. We expect a pullback after reaching the nearest resistance level. ------------------- Share your opinion in the comments and...
AUDNZD confirmed the boundaries of dynamic levels again. The chart is moving in an ascending channel within the boundaries of narrowing volatility. The price is growing for a long period without serious pullbacks, especially if we consider the older timeframes. We think that the pullback will occur after the next achievement of the dynamic...
GBPAUD did not hold the psychological level at 1.94000 after reaching it, after which a bearish takeover followed. The price reached the support level, which it repeatedly failed to overcome. As the chart continues to maintain a bearish structure, we expect that the asset will again try to test its psychological level, after which a pullback will...
USDCAD has failed to break the resistance level more than 6 times. The price formed a bearish takeover from the level. We expect a pullback from resistance and a retest of the 50% retracement. ------------------- Share your opinion in the comments and support the idea with a like. Thanks for your support!
CHFJPY failed to renew the recent low and is moving near the psychological level of 167.000. The chart is forming a rounded bottom, which indicates an imminent reversal of the price direction. We expect a correction of the price drop after the chart fixes the nearest level. ------------------- Share your opinion in the comments and support the idea with like....
EURAUD is trading in the descending channel. Price is moving in the range between support and resistance levels, which coincides with the 50% Fibbonacci retracement level. Price action is printing HLs and LLs and is likely to go down. We expect a bearish move to retest the support level. ------------------- Share your opinion in the comments and support the...
GOLD continues attempts to break through resistance. Low volatility is becoming a harbinger of an exit from uncertainty soon. We expect a pullback to the nearest support. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
AUDNZD instantly reacted with a decline upon reaching the dynamic resistance. The volatility of the movement decreased, forming an ascending wedge. We expect a sell-off from the resistance, a retest of the support level, and a 38% retracement level. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
GOLD instantly reacted with a decline on reaching resistance and the upper boundary of the channel. The price made a sharp pullback to the area of the ascending channel. We expect a retest of the upper boundary of the channel and then a pullback to the nearest support. ------------------- Share your opinion in the comments and support the idea with like....
After breaking through the ascending channel, the price unsuccessfully tried to return to its boundaries. AUDUSD is now moving in a narrow range. The asset is likely to try to return to the channel once again and then go down to retest the support. We expect a bearish move. ------------------- Share your opinion in the comments and support the idea with a...
CHFJPY is making higher highs and higher closes, indicating a bullish trend. The market broke and closed above the 169.000 psychological level, which became support. We expect a retracement and bullishness following a retest of the major resistance level. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
GBPAUD created a bearish harmonic pattern in the ascending channel. Price made from this resistance level before, which is psychological level as well. The market is consolidating at the 4-hourly chart. We expect further consolidation and a pullback from the resistance at 1.95000. ------------------- Share your opinion in the comments and support the idea...
Bitcoin is consolidating following a break and closing above $70,000. The market is possibly pulling back the channel border and going up in the first week of April. We expect a pullback to the 38.2% retracement level, then a bullish move. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
Let's start with the fact that Pivot points are quite an old tool and have been used for a long time. The difference is that in the early days traders had to build Pivot points themselves, but today there are indicators that build these points. ✴️ BASIC CONCEPTS Pivot points are key points of price chart reversal, i.e. the place from which the price chart is...
GOLD tested the structure resistance level by completing the AB=CD pattern. Price makes a pullback after creating the AB=CD pattern. The market has made pretty similar moves before; run - pullback - continuation. We expect a pullback from this resistance level and the continuation of the bullish trend. ------------------- Share your opinion in the comments...
USDCAD made a double top at resistance in the ascending channel. It consolidated around the psychological level at 1.36000, then dropped below it. The market is consolidating at the D chart, and it created a bearish, engulfing candle. We expect a pullback from resistance and further moves south. ------------------- Share your opinion in the comments and...
EURAUD is trading in the descending channel. It is creating AB=CD pattern. The market consolidated for a while, and it broke and closed below it. Price action is printing HLs and LLs and is likely to go down. We expect a bearish move to retest the support level. ------------------- Share your opinion in the comments and support the idea with like. Thanks for...