This currency has formed a bear flag pattern on the daily time frame. Now, we are expecting a completion of the ascending channel right on the 78.60% Fibonacci retracement level.
Price is currently forming a bear pennant pattern. Expecting a gain in bearish momentum after it completes the wave E of the triangle pattern, which is also the 78.60% fibonacci retracement level.
Price has formed a bull flag pattern here on the 4H time frame. Now, we are just waiting for the completion of wave C at 61.8% fibonacci retracement level.
Here on the 8H time frame, we can see a breakout from the ascending channel. Now, as price made a bearish impulsive move it is now making a pullback at the channel. We expect a completion of wave E and also a rejection at 50% fibonacci retracement level before entering short.
Gold has made a bearish push during the New York Session last Friday. For next week, we expect price to have a corrective phase and might reverse bearishly again, after hitting the 50.0% Fib retracement level.
We have entered a short on this pair last week and still running. We saw the bearish opportunity after it reached the daily resistance level with a rising wedge pattern plus a pin bar candlestick on the 1H time frame. If it reach the support level we expect a rejection and a continuation to the upside.
After price made a bullish move last week, it closed with a bullish daily candle having a long wick from the upside. We might expect a pullback to the 50% level before price move continue to the upside again. Also, there's a possibility of a double bottom before moving up. What's your idea on this pair? Share it with us on the comments below!
Gold has surged bullishly last week. Also, price has broke out of its descending channel pattern. We still might continue to see bullish price action for next week. However, price is on its way to making a pullback before continuing to the upside.
Price is within a ranging channel and currently at the top of the channel. It approached the the resistance level with an ascending channel and we are expecting a rejection on this level. A lower time frame reversal setup on the resistance level would confirm a short entry on this pair.
With the current gain in strength of US Dollar we might see a bearish price action for XXXUSD pairs. Just like this AUDUSD pair, it made a bearish push last week however, it is now making a correction and pullback on the 4h resistance level. A possible short on 0.65548 level could be considered.
Price is currently within an ascending channel pattern. After price made an impulsive bullish move from May 11 to May 16, price pulled back with a descending channel at the bottom. We are expecting an end of the pullback right at the 61.8% fib level of the bullish move and a possible reversal.
Price has broke out of the descending channel, however, due to the corrective breakout it formed a rising wedge pattern. We expect this break of the channel as a fake-out and price would return to the channel to have another bearish leg. Also, price had pullback to the 50.0% fib level of the bearish leg. We expect the reversal to occur on this level.
Gold has formed a bull flag pattern with an abcde triangle pattern. After it broke out last week, it formed a doji candle here on 8H time frame we are expecting a pullback before a continuation to the upside. Possibly to the 1800 level, which is the weekly resistance as well.
Price is currently forming a falling wedge pattern. After a bearish move last week, we are expecting a pullback here on the 4H time frame and a possible short setup might form. We will be targeting the recent support level around 0.63800.
The US dollar has been within this descending channel since April. The dollar opened up with a gap last Monday then surged to the upside and closed with a pinbar on top of the channel. We can also see an ascending channel on the 1hr time frame as it approached the top of the channel. We expect a continuous bearish price action for this pair during this week.
This pair has been within an ascending channel as well, like the NZDUSD pair. Now, we expect price to move up and complete the channel for the third touch before moving back down and breaking the channel with a continuous bearish trend.
Price has been correcting within this ascending channel. Now, price is looking to complete the correction with another bullish move. We expect a bearish reversal on the 61.80% Fib level and a possible break of the ascending channel to the downside.
Price is currently forming a rising wedge pattern at the right shoulder of a possible Head and shoulders pattern. We expect a reversal to downside for this pair after price breaks out of the rising wedge .