AnalytixEdgeByQasim

AnalytixEdgeByQasim Updated  Apr 4

The GBP/USD currency pair is exhibiting strong bullish momentum within an ascending channel. Recently, the pair established a consolidation range within this channel, with the upper boundary at 1.30149 and the lower boundary at 1.28710. Following the formation of a new high, no significant divergence has been observed, indicating the potential for a continuation...

AnalytixEdgeByQasim Mar 12

Crude oil has been in a bearish trend but has reached a key weekly support level. A bullish divergence, coupled with a double-bottom pattern, indicates potential for a reversal. A confirmed breakout above the neckline and bearish trendline could signal bullish momentum, presenting a strong buying opportunity.

AnalytixEdgeByQasim Updated  Feb 18

Wheat prices are in a bullish trend, consistently forming higher highs with no signs of divergence. A potential retracement after the latest high may present a strong buying opportunity. As the uptrend is expected to continue, it is advisable to safeguard the previous higher low.

AnalytixEdgeByQasim Updated  Feb 13

Copper (XCU) remains bullish, with a retracement offering a buy opportunity at the 0.5 or 0.618 Fibonacci levels—if no divergence forms. Watch for bullish confirmation signals and set stop-losses below 0.618 or recent lows. If divergence appears, exit or avoid new positions. Upside targets: previous highs and Fibonacci extensions (1.272 or 1.618).

AnalytixEdgeByQasim Updated  Feb 13

The GBPAUD pair is in a **strong bearish trend**, with price retracing to a **key Fibonacci resistance level**. The absence of bullish divergence reinforces the bearish bias. A confirmed **lower high formation** would signal continuation of the downtrend, offering a high-probability **short opportunity**. Monitor price action for confirmation of trend persistence.

AnalytixEdgeByQasim Updated  Feb 10

The GBPNZD pair, previously entrenched in a bearish trend, has exhibited signs of weakening downward momentum, marked by the emergence of bullish divergence. A decisive break above the prior lower high (LH) could signal a potential trend reversal, shifting the bias toward bullish territory. This view is further reinforced by the formation of a double-bottom...

AnalytixEdgeByQasim Updated  Jan 25

EURUSD is maintaining its bullish momentum within an ascending channel. A potential buying opportunity may arise if the price retraces to the 0.618 Fibonacci level, provided no divergence is observed. The setup appears favorable for a long position.

AnalytixEdgeByQasim Updated  Jan 22

AUDCAD is trending bullish on the 1-hour timeframe, moving steadily within an ascending channel. No significant bearish divergence is observed, indicating potential for further upward momentum. A buy opportunity may emerge at the 0.618 Fibonacci retracement level.

AnalytixEdgeByQasim Updated  Jan 21

NZDCAD shows potential for bullish continuation after a bearish rally, with a bullish divergence double bottom pattern and a break of its neckline. The price has broken a long-term trendline and formed a higher high without divergence, now moving in an ascending channel. A buy opportunity may arise at the lower boundary of the channel, around the 0.618 Fibonacci...

AnalytixEdgeByQasim Updated  Jan 20

NZDCHF is trading within an ascending channel, indicating a bullish structure with no signs of bearish divergence. The current price is retracing to establish a higher low, which aligns with the trend's continuation toward a new higher high. This presents a favorable buying opportunity, with risk management focused on protecting the prior higher low.

AnalytixEdgeByQasim Updated  Jan 20

The NASDAQ, after enduring bearish pressure, is beginning to exhibit signs of bullish momentum at a significant daily support level. A combination of technical signals, including a bullish divergence, the completion of an ABCD pattern, and the formation of a bullish inverted head-and-shoulders pattern, points toward a potential reversal. A confirmed breakout above...

AnalytixEdgeByQasim Updated  Jan 15

The Hang Seng Index has demonstrated strong bullish momentum, adhering closely to its trendline throughout its rally. Following this upward trajectory, the price has undergone a significant retracement, finding support near the critical 0.618 Fibonacci level—a key zone for potential reversals in technical analysis. This pullback has established a higher low at...

AnalytixEdgeByQasim Jan 14

The GBP/USD pair is exhibiting strong bearish momentum, having recently broken significantly below its descending channel, indicating heightened selling pressure. As of now, no bullish divergence is observed, suggesting that the price may retrace to form a lower high. Key levels to watch for potential short entries are the 50% and 61.8% Fibonacci retracement...

AnalytixEdgeByQasim Updated  Jan 13

GBPCAD has been in a sustained bearish trend and recently completed its AB=CD harmonic pattern, signaling a potential turning point. Additionally, the formation of bullish divergence further supports the possibility of a reversal. A break above the previous lower high at 1.77741 could indicate the emergence of a bullish trend, suggesting a shift in market sentiment.

AnalytixEdgeByQasim Updated  Jan 13

USDCHF exhibits strong bullish momentum, having decisively broken its previous resistance level. With no signs of bearish divergence, the trend is likely to continue. A potential retracement to retest the recently broken resistance, now serving as support, could present a favorable opportunity to enter long positions.

AnalytixEdgeByQasim Updated  Jan 11

The NASDAQ (US100) continues to display strong bullish momentum, having recently broken above its previous higher high. The price has since retraced to test this level as support, aligning with the structure of a proposed ascending channel. With no bearish signals currently evident, the index shows potential to establish a new high. *Trade responsibly and...

AnalytixEdgeByQasim Updated  Jan 8

GBPAUD has completed its downward retracement amid strong bullish momentum. A well-defined Gartley pattern with bullish divergence at point D on the 1H timeframe, combined with daily support and the pivot point, signals a favorable buy opportunity.

AnalytixEdgeByQasim Updated  Jan 7

The DAX40 has tested its daily support level and subsequently formed an accumulation range. Following a breakout to the upside, the price is now retesting its newly established support, presenting a promising buying opportunity.