As I predicted, NZDUSD dropped heavily after the release of Retail Sales data on Monday. Analysing a price action today, I see that the pair became heavily oversold. The price formed a falling wedge pattern and a narrow horizontal range within. Bullish violation of the resistances of the wedge and the range indicate a highly probable coming...
After quite a long consolidation within a wide horizontal range on a daily, US100 index violated its support. That violation is an important sign of strength of the sellers. It may trigger a correction lower, at least to 17500. ❤️Please, support my work with like, thank you!❤️
Dollar Index may continue growing. The market reacts positively to a recently broken resistance and we see a strong bullish reaction. I believe that the index may easily reach 106.4 level today and potentially go higher. ❤️Please, support my work with like, thank you!❤️
CRUDE OIL formed a nice double bottom pattern after a test of a key intraday support. The breakout of the neckline of the pattern is an important bullish confirmation. We can expect a bullish movement at least to 86.0 level. ❤️Please, support my work with like, thank you!❤️
CHFJPY formed an ascending triangle formation last week. Yesterday, the price bounced and formed a high momentum bullish candle. It managed to break and close above the neckline of the pattern. The pair may continue growing. Next goal for buyers will be a falling trend line. ❤️Please, support my work with like, thank you!❤️
With the Iranian attack on Israel this night, Gold may open with a gap up. Before the market closed, the price already reached a significant intraday demand zone based on a support line of an expanding wedge pattern and a horizontal support. The closest resistance can be 2400. ❤️Please, support my work with like, thank you!❤️
Price action analysis for Gold. Important key levels. Directional bias. Trading plan. ❤️Please, support my work with like, thank you!❤️
One more pair that looks very bearish to me after news is NZDUSD. I see a confirmed bearish breakout of a support line of a horizontal trading range on an hourly time frame. I think that a bearish trend on the pair will continue. Initial target 0.59 ❤️Please, support my work with like, thank you!❤️
Looks like the Retail Sales data may strengthen US Dollar today. As a confirmation, I see a very bearish price action pattern on EURUSD: bearish breakout of a rising wedge pattern in a bearish trend. I will expect a bearish movement at least to 1.063 ❤️Please, support my work with like, thank you!❤️
USDCAD looks quite overbought after a strong bullish rally that we saw last week. The price stopped growing after it reached a key daily resistance. We see a formation of a double top on that on an hourly time frame with a confirmed neckline violation. We may see a retracement from the underlined structure at least to 1.3729 ❤️Please, support my work with...
EURUSD broke and closed below a solid daily horizontal support with a high momentum bearish candle. This violation opens a potential for a bearish continuation lower. Next support will be 1.054 ❤️Please, support my work with like, thank you!❤️
Hey traders, In this post, we will discuss a common fallacy among struggling traders: overestimation of a one single trade . 💡The fact is that quite often, watching the performance of an active trading position, traders quite painfully react to the price being closer and closer to a stop loss or, alternatively, coiling close to a take profit but not...
Crude Oil is consolidating after a strong bullish wave. The price formed a horizontal range on a daily. Next week, wait for a breakout of one of the boundaries of the range for a confirmation. Bearish violation - a daily candle close below a support of the range, will give you a strong bearish signal. A bearish continuation will be expected to 83.0...
NZDUSD broke and closed below a key daily horizontal structure support, setting a new lower low lower close. It is an important bearish signal that opens a potential for a further bearish continuation. Next support - 0.588 ❤️Please, support my work with like, thank you!❤️
Update for Gold after a sudden drop from a random price level. Thoughts, technical analysis, predictions, trading recommendations. ❤️Please, support this video with like and comment!❤️
152.0 key horizontal resistance kept absorbing bullish pressure for almost 2 years. This week, with the release of CPI data, that structure was broken and the market set a new very important higher high. The next historical structure that we can find is based on the price action in 1990th. 159.0 - 160.0 resistance cluster is the next, closest key...
Silver keeps rallying and breaking the historical resistances. The next goal for the buyers can be the structure that is based on the highs of 2020 and 2021. The area that unites these highs also has a psychological level within - 30.0. The underlined blue will most likely reached soon. ❤️Please, support my work with like, thank you!❤️
USDCHF broke and closed above a key daily structure resistance. We see a positive bullish reaction after a retest of a broken structure. Because the market is trading in a long-term bullish trend, probabilities will be high that growth will continue. Next resistance - 0.92 ❤️Please, support my work with like, thank you!❤️