General Trend: Medium-term trend is downward, evident from the peak at 1.2850 followed by gradual declines. The previously supportive upward trendline has been broken, indicating weakening bullish momentum. This break suggests a potential shift in market sentiment from bullish to bearish. Key Levels: Nearest resistance: 1.2700 - This level has acted as a ceiling...
Support becomes a resistance at the level of 1.2125. The GBP/USD pair fell with UK inflation elevated and still rising, the cost of living crisis taking hold, growth slowing and ongoing Brexit woes, the outlook for the pound is deteriorating. Meanwhile, the USD is supported by safe-haven flows and hawkish Federal Reserve (Fed) bets. Amid the previous events, the...
based on the price on the chart it can be seen that the price has touched the harmonic price so that a pullback will occur so that the price will chase the next harmonic price.New rate hikes could occur in the coming months, and the ECB is likely to actively use currency intervention to support the euro. But actively using aggressive rhetoric, ECB representatives...
From the price movement on the current chart, it seems to be developing a Bearish Secondary pattern Reaction, which is supported by rejection in the resistance area, therefore the price has the potential to weaken to the harmonic support area, so we can place orders for Sell entries during the breakout.
A Bullish Flag pattern indicating the continuation of a trend has been formed on the AUDJPY M15 chart. Forecast: if the price breaks above the high pattern the trader will be able to go long.
Double Bottom pattern has been formed on XAUUSD. If the resistance level is broken, a trend change can be predicted with the first target point located at a distance of 620 points.
EURUSD is forming a Bullish pattern, which indicates the trend will continue. so the price has formed a rejection and has the potential to strengthen. The price may move up from the closing level of yesterday's daily candle to the 38.8% retracement target level. When testing this level, downward price movement is possible with the target level 50.0% retracement....
the price has reversed from the $1,785 level aggressively and is down towards the $1,552 level. In this situation, the $1,689 and $1,722 levels will now act as technical resistance for the bulls. The next bearish targets are seen at $1,242 and $884 Ethereum had previously dropped from highs of $2,031 through lows of $1,423, carving out meaningful losses as seen on...
From the chart we know that price already hit the price harmonic cluster that it will be continuation to down to run the harmonic price into 161.8 or next harmonic price
From the current price movement on the H4 Chart, it seems to be developing the ABC Correction pattern, which is supported by the rejection in the support area therefore the price has the potential to strengthen again up to the harmonic resistance area,then we can place an order for entry Buy.
The last week of the formation of price movements tends to decrease, the stability of the weakening trend will be disturbed and the possibility of reversing direction due to the influence of this Mercury Retrograde. Mercury Retrograde is when the planet Mercury goes backwards. In 2022, this one phenomenon will occur 4 times a year, namely on January 13-February...
From the price movement on the current chart, it seems to be developing a Double Bottom pattern, which is supported by the rejection in the support area and rejection in the lower band of the indicator Bollinger bands, therefore the price has the potential to strengthen up to the harmonic resistance area, so we can place an order for a Buy entry during the breakout.
From the current price movement Chart, it looks like the Head and Shoulders pattern is developing, which is supported by the rejection in the resistance area and rejection in the upper band of the indicator Bollinger Bands, therefore the price has the potential to weaken again to the harmonic support area, then we can place an order for a sell entry when a breakout occurs.
all the description are already on the chart thankyou my analysis based on Price action , Fibonacci , and Dow Theory
this can be a short and go up for touch the gap it will go up after touch the gap because has a dow theory pattern
from the chart we know that price gonna make megaphone pattern it makes price surely short
From the chart we know that price are on golden are (50,61.8) that from fibo theory can go into next area into 161.8 and its stronger short because had head n shoulder pattern. . . . . . .
from the chart we know that the price gonna make bounce around 1.26 level from that it will make a wave that we can see from weekly chart that make a pattern from dow theory .