Farid_alfredo

Farid_alfredo

Prices are soaring amid a spike in the price of oil, which is refined into gas for cars. The national average price of gas has been at a seven-year high in recent days. Technically price is breaking the next key zone and going up. Price has touched this key zone multiple times since 2011: 04-Oct-2011, 23-Nov-2011, 19-Dec-2011, 29-Jun-2012, 07-Nov-2013,...

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Gold began its descending movement since Aug 2020 when it was $2074. Falling US Treasury bond yields seem to be fueling gold's rally in the second half of the week. After bond markets returned to action on Tuesday, the benchmark 10-year US Treasury bond yield lost nearly 6% and was last seen falling 0.9% on the day at 1.525% . Gold has entered into 1830-1845...

Farid_alfredo

As oil and gasoline prices spike in the world, Canadian dollar is getting stronger again. Right now, as you can see on CAD/JPY chart , price has entered the critical zone again. This is the forth time since 2017 that price reaches to this zone. Price behavior is very important here. Will gas, oil and commodities help Canadian Dollar to get stronger , break the...

Farid_alfredo

Dow Jones broke the first main support line on 34600 and reached to the second one on (33600-33700) zone. Touched it two times but didn't break it. 35600 was the highest point then it started its correction. It almost completed its 5% correction when touched 33600. A strong bullish movement based on inflation rate, and monetary policies is most likely possible.

Farid_alfredo

Dows Jones seems to be at the end of its correction. A strong support zone doesn't let the price go lower than 34,400. Upside trend is about to start soon. Our long term goal should be 37000.

Farid_alfredo

The uptrend experienced a big and sudden crash on Monday while BTC owners decided to sell their BTC and make them liquidated ! 330,243 traders were liquidated !!!! And thousands of people lost their money completely !

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This is the last update of current harmonic patterns on Daily USD/CHF charts. As we can see, two patterns are identifiable on the chart: 1. Ascending Wedge: Possible Bearish pattern 2. Symmetrical Triangle : Possible Bearish pattern RSI is below 50 which confirms possible breakout and downtrend. ...

Farid_alfredo

So on weekly chart we can see that price is going up within an ascending channel. The downtrend movement on daily chart shows us a reversal H&S pattern is going to be formed which indicates that price is most likely keep moving up in weekly channel.

Farid_alfredo

Price was moving inside a parallel channel and today it broke the bottom trend line or resistance line of the channel. We'll be expecting to see a downtrend movement to the determined resistance levels.

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As you can see, price is being consolidated inside a symmetrical triangle which can shows a possible bearish pattern. We're having a support line on RSI chart as well. If the support line on RSI chart is broken, then we can expect to see a downtrend.

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As you can see, three bearish pattern have been emerged on 1 hour framework which is emphasis on continuation of downward price movement.

Farid_alfredo

Two bearish patterns have been emerged which show that price might get back to its lower level again.

Farid_alfredo

Price is still going down and symmetrical triangle will soon be broken down .

Farid_alfredo

Descending movement within the ascending wedge is so possible. RSI movement can confirm it that price movement is going to be descended.

Farid_alfredo

Price is moving gradually down in a descending trend and based on the following two emerged patterns, more bearish movements are possible: 1) Symmetrical Triangle 2) Inverse Cup and Handle Suggested future price movement framework could be among 1.098 to 1.092

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As you can see on the chart, a nice head and shoulders pattern along with a symmetrical triangle have been formed which indicate the price might go down to even less than 1.10 level.

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RSI divergence indicates that price is going to upper levels within the descending wedge.

Farid_alfredo

Price movement within a Symmetrical Triangle is going to be a bearish pattern and break out the resistance level. RSI divergence is another reason that can confirm bearish pattern.