AndeWave

AndeWave Updated 

Gold is surprisingly bullish and there are reasons for that. The main and important one is the tariff war unleashed by Trump. A classic manipulative game between countries, which is very much reflected in the forex markets and not only. Tomorrow it is worth paying attention to the NFP, which can both support the market and destroy the local structure. Gold...

AndeWave

EURUSD continues to form a downtrend. The price is trading below the key resistance level of 1.0333. Earlier, from Monday's opening, the market formed a gap, which has already managed to close and after a false breakout of resistance, the currency pair is trying to consolidate in the selling zone. Scenario: If the price fails to break the resistance at 1.033 and...

AndeWave Updated 

FILUSDT has a strong downtrend. Against the backdrop of a strong bitcoin rally and an active altcoin season, FIL failed to realize itself. At the moment, the price has tucked into the strong resistance of 4.900 and failed to overcome it. At the same time, bitcoin is forming a locking bearish formation and any small impulse can trigger a bearish impulse in...

AndeWave Updated 

Binance (BNB) is facing fundamental difficulties regarding cryptocurrencies in France. The following became clear today: French investigators have opened a judicial investigation into money laundering, tax fraud, illegal drug trafficking and other charges against the binance exchange - RTRS Overall this is a negative fundamental backdrop, but there is a but....

AndeWave

GBPUSD is testing the downtrend and bears' nerves. The price is trying to break the resistance of the downtrend and based on the overall situation compared to the dollar, the pound sterling has great chances. The fundamental background is gradually changing in favor of GBP Scenario: The price has already broken the trend resistance. Consolidation and...

AndeWave

GOLD is approaching the reversal point, but before that the market may draw the all-time favorite trap - a breakout, but false :) that will allow to collect as much liquidity as possible before further reversal. Scenario: Gold closes Friday on a small correction after reaching 2786. Most likely the price may test the nearest support, supposedly showing traders...

AndeWave

Bitcoin after the false breakout of resistance, which is associated with Trump's inauguration did not fall, but only consolidates near resistance. And this, I believe, is a very good sign that the price may continue its trend after exiting the triangle. Scenario: Since after the strong growth and after the false breakout there is no fall and consolidation is...

AndeWave Updated 

GBPJPY after a false breakdown confirms the strong level of 190.67 and tries to strengthen within the upward price channel from D1. The price is at a rather important resistance that could open the way to 200.00, but the situation is strained by the expectation of Friday's rate news from the central bank of Japan. A rate cut could strengthen the JPY, but...

AndeWave Updated 

GOLD is testing the liquidity zone and sellers are trying to put pressure at the moment. But, it is worth to realize that Trump's policy is a risk for the market. Gold is still a safe-haven asset, which is remembered when risks rise. Scenario: We are waiting for a correction to 2710 - 2690. This is an integral part of the scenario development after the false...

AndeWave Updated 

GBPJPY is testing a strong support line in the correction phase, which was formed inside the uptrend forming on the weekly timeframe. False breakout and price consolidation above the line indicates that buyers are trying to defend their limits. Ahead of the CPI report, if it is weak like yesterday's PPI, the currency pair may rise. Scenario: The price...

AndeWave Updated 

GOLD on the background of high economic risks is rising breaking through the barriers and realizing consolidation in the rally. The price is heading towards a strong liquidity zone, which is quite capable of stopping such a strong growth, which is now forming. Scenario: All eyes are on 2721. A false breakout or consolidation below the level (reasons for a...

AndeWave Updated 

AAVEUSDT is regaining its bullish outlook. The false breakdown of support was an invitation ticket for buyers, who returned to aggressive buying. There is important news ahead that could be a good driver for the coin. Scenario: After liquidation and liquidity capture from support, the market switches to resistance. Taking into account the fact that globally we...

AndeWave Updated 

GOLD tested the descending resistance, formed on the background of changing fundamental situation since last year. False break of the resistance confirms the weakness of the buyer at the moment and it can become the reason of a small correction. There is no key trend and based on this we can say that the market is neutral. Scenario: False break of resistance...

AndeWave

EURUSD shows no signs of being ready to go up. The Euro is under pressure from the economic environment and a strong dollar. Thus, we can say that the fundamental background is negative. Technical analysis confirms this with a downward trend and retesting of the key support, which may lead to a breakdown and continued decline. Scenario: The currency pair ends...

AndeWave

NZDUSD is consolidating for further decline. Buyers may not hold the level of 0.5588. The strong dollar, which continues to grow, has a negative impact. The fundamental background for the currency pair is also negative. Scenario: The price is consolidating near the key support at 0.5588. But there are no signs of trend reversal, therefore, the only possible...

AndeWave Updated 

Bitcoin is consolidating, but within the framework of correction. This phase may last for quite a long time, as the market is waiting for Trump's inauguration and politicians' actions. Disappointment may lead to a deeper correction, for example to 70K, and positive preconditions will become a bullish driver. Scenario: price has no direction, market is neutral,...

AndeWave

GOLD is in a neutral trend and continues to consolidate due to the complex geopolitical and political environment. The metal is supported by Asia and the conflict in the Middle East, while the pressure is created by the USA: Trump and the hawkish stance of the Fed Scenario: the price may make a false breakdown of the zone of interest after which the balance in...

AndeWave Updated 

GBPUSD is forming a small correction due to the weakness of the dollar. A lot of economic data is published this week. Based on the Fed's stance and Trump's policy, we can assume that the dollar growth will continue, GBP will then fall. Scenario: Price is testing the previously broken support at 1.24887, which now acts as resistance. If the market does not let...