The price has reached the resistance zone and then fallen from it. FX:GBPUSD has broken through the resistance levels and range zone by making impulse movement. It is moving towards resistance, but it's important how it is approaching that level. The market is losing momentum near the resistance zone. I expect to form a fake breakout of the level and roll back...
The price perfectly fulfilled my last idea. It hit the target. FX:EURUSD rejected the upward channel border, then made the impulse leg. It formed a huge, long-tailed candle on the daily timeframe. It suggests that the market will make lower lows. I think the price may test the upward trendline, then roll back towards support from the resistance zone. Grab...
The price perfectly fulfilled my last idea. It hit the TP level. On the 1H timeframe, OANDA:XAUUSD formed a range zone and broke above it. The market broke and fixed above the pattern and the 2030 key level. The market formed a doji candle on the daily timeframe. I think the market will try to move above the doji candle to retest the daily resistance zone. The...
The price perfectly fulfilled my previous idea. FX:USDCAD is approaching the support level on the daily timeframe. The market made higher, higher, and higher lows. Another thing worth mentioning is that price action is ranging on the daily timeframe, and therefore, price action will probably stay in the range zone, bouncing off the support and resistance levels....
The price perfectly fulfilled my previous idea. It reached the target zone. FX:EURUSD moved higher after breaking a previous high. It is heading towards key resistance, where we had an impulse movement before. The price will most likely bounce off the resistance if we get a rejection candle. Another sign to sell the market is going to be a loss of momentum near...
The price perfectly fulfilled my last idea. It hit the target. OANDA:XAUUSD has reached the relatively strong resistance zone at 2030-2035. The market has pulled back from this level before. It created a massive impulse leg. The price formed a potential bearish divergence at the resistance and border of the channel. I think the market might pull back from the...
The market is overall in a bullish trend, and the price is heading towards resistance and a downward trendline. FX:CHFJPY updated swing highs and fixed above the key level at 170.000. I think the price may rise from the support and reach the resistance by taking trendline liquidity. I expect the market to make an extension upwards because on the 4H timeframe,...
The price perfectly fulfilled my previous idea. It reached the target zone. FX:EURUSD broke and fixed above the previous resistance on breaking through the range. The market made a new extension upward. If the price makes a pullback toward the previous level of support, most likely it will bounce off it because the market made a higher close on the 4H...
The gold market appears to have experienced a period of decline, as I wrote in my last weekly market outlook, reaching the 1980 level before rebounding to the 2000 key level and closing above. This indicates that OANDA:XAUUSD is trying to establish support at the 2000 level. We can see that it rejected the level and bounced off on Friday. Going forward, the...
The price perfectly fulfilled my last idea, and it went down to support and hit the target. FX:AUDUSD broke through the range zone and made new extension up. It bounced off the key support level at 0.65000. I think if the market pulls back to the support zone and makes a fake break at support, then price may go up because price is gaining bullish momentum by...
The price perfectly fulfilled my previous idea. It reached the target level. The market bounced off the demand zone. FX:EURUSD made a weak lower low, which suggested that bulls took control. Price action formed double-long-tailed bars on the weekly timeframe. We can see that it took liquidity below 1.07000 and then rebounded. The price is also forming a...
The market broke through the range zone, which is the accumulation zone. FX:GBPUSD has broken through the resistance that became a key support level at 1.26000. The price is heading toward the 4H resistance zone. On the daily timeframe, the price broke the inside bar. If the market rolls back to the support level and rejects it, we can look for a buy signal. I...
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The market is updating the swing highs and higher lows. FX:USDCAD broke and fixed above the range zone and made impulse move. The price pullback after impulse move upward to retest the support level. The market bounced off support at 1.34500. It most likely will go up toward the resistance from the support level and downward trendline. My target is the...
The price obviously moved higher, breaking through the resistance levels. FX:EURUSD is pulling back to resistance after a massively impulsive leg. I think that if the price fails to break the resistance and the upward trendline, the market can potentially go lower, forming a double top. I expect the price to roll back to the support level from the resistance...
The price perfectly fulfilled my last idea. It played out nicely and hit the target. OANDA:XAUUSD is pulling back towards the resistance zone after breaking the level at 2000. The market is making a correction against the current bearish trend. Today we have high-impact news, so I think it might continue moving downward if DXY moves up. If the market rejects the...
The price perfectly fulfills my last idea. It hit the target zone. The market went up and closed above the resistance zone. Currently, FX:AUDJPY is pulling back to support after breaking the level. The price broke and fixed above the key level at 98.000. On the daily timeframe, the trend is bullish. I expect a pullback to support the level and then a bullish...
The price perfectly fulfilled my last idea. OANDA:XAUUSD fell after breaking through key levels. I believe that we may see a pullback from the channel border. On the daily timeframe, we have a demand zone as well, which pushed the price higher; it formed an impulse leg. The market has reacted to this zone a couple of times before. What should we see to go long?...