We can see here that intensity of a bullish pressure is slowing down and price failed to break our resistance 0.57300. Price is currently testing this zone gain and expect to see bearish reaction. However, if price breaks this resistance, then next potential resistance could be at 0.57500.
Price started to form lower highs and lower lows and we can see signs of weakening. Currently, moves are slow but it is likely to see bearish continuation. Important zones: Potential Bullish zone: 1.09900 and Potential Bearish zone: 1.11600
We can see that bullish pressure slowed down and price started to consolidate. It failed to break our resistance zone and I spotted lower high and lower low formation. These are the signs of a weakening and stoch. RSI is giving us "sell" signal.
We can see strong uptrend here, but it seems like bulls are losing control. Price formed distribution area and now we can see potential retest. It is possible to see bearish move.
On D1 chart we can see downtrend and here on H2 we can see bullish moves, but it seems to me like bulls are losing the control and I expect to see bearish moves soon.
Here I wrote a little "story" behind USD/CAD "sell" trade that we took today. Correct order: 1, 2, 3, 4, 5, 6, 7, 8 and 9.
S&P500 Daily Chart We can see strong uptrend here and price keeps forming new higher lows. It is currently testing bullish trendline with a bullish engulfing, so it is reasonable to expect bullish move. We can also see stoch. RSI "buy" signal ✅
These are two potential options that I see. Confirmation of 1.29100 or break and retest. I think there is a higher chance to see bullish pullback at the beginning of the week.
Price broke and retested our zone as I marked here in my previous analysis. We can see bullish pressure now and price is testing previous major high. I expect to see break and continuation.
Gold makes gains for the third day in a row. It is back above 2,400 for the first time since late May, and there is little resistance left on the daily charts until the recent major high at 2,450 comes into play. However, I noticed a potential bearish zone around 2,420 and I expect to see pullback now. Currently we can see bullish trend. *Gold has been considered...
We can see here bearish and bullish trendline. Price is currently testing our bearish trendline and retesting previously broken bullish trendline. We can also see reaction to 85 zone and I expect to see move down.
We can see strong bullish move today and new support formation 2320. Price is testing previous high and it is possible to see bearish move. New potential bullish zone: 2328.
Price is still consolidating between our significant zones 0.61450 and 0.60950. At this moment I think it is the best move to wait for a breakout.
Price continued to go down and we can see here lower highs, lower lows structure. Price even reacted to our bearish zone 1.37150 with wick rejection and I expect to see bearish continuation.
Strong bullish move occurred that broke our bearish trendline, but now we can see tat price is testing our "potential bearish zone". We also have stoch. RSI "sell" indication and I expect to see bearish reaction and move down.
Price formed pullback and reacted to our "bullish zone" as expected in my previous analysis. We can see higher lows formation and price just broke 2335 resistance. It is possible to see bullish continuation.
Price reacted to our D1 support and we can see bullish reaction. I expect to see bullish move, but with a potential pullback first. Potential bullish zone: 2315
Condition is not very good to trade this pair, but I noticed that price failed to break 1.37600 zone and it is possible to see bearish move.