Gold continues to reach new All-Time Highs by breaking through important daily and intraday resistance levels. The previously broken structure now acts as a strong support. It is expected that the pair will continue its upward momentum and reach 2840 in the near future.
It appears that the EURAUD pair could continue to decrease in value. I have observed a downward breakout of a bearish flag pattern on the hourly chart following a retest of a support level that was recently broken. My targets for this potential decline are 1.6591 and 1.6559.
Gold is trading in a long-term bullish trend within a parallel rising channel. The market successfully broke and closed above an important daily horizontal resistance level that was previously set at an all-time high on Friday. After the market opened, there was a retest of this broken structure, which was met with a bullish response. As a result, it is...
The GBPJPY is showing a bearish trend on the 4-hour chart after testing a significant daily resistance level. The price broke below the neckline of a descending triangle pattern and closed below it, indicating a potential further decline. The next target level to watch for is at 190.62.
Many questions regarding Ethereum have been circulating, and I have provided a detailed technical analysis. About a month ago, the market hit a significant daily resistance level and experienced a negative rebound. Currently, the price is testing a strong support level horizontally. By closely examining the chart and observing the price action, a falling...
Silver has been consolidating significantly since mid-January, remaining within a large horizontal range on a 4-hour chart. Despite this, the market sentiment is bullish for Silver, with signs pointing towards a strong bullish trend. Breaking out of the resistance line within the range suggests a bullish accumulation is complete, paving the way for potential...
Gold appears to be creating an ascending triangle pattern on the 4-hour chart, indicating bullish accumulation. To confirm a continuation of the bullish trend, keep an eye on the pattern's neckline. A break and close above 2772 would confirm the dominance of bulls, with a potential target of 2788.
The Dollar Index has shown a strong bullish pattern on the 4-hour chart. There is a small trading range indicating an exhausted market, with the resistance being broken. The contracting demand zone is made up of a trend line and a broken horizontal structure. It is likely that the bulls will continue to drive prices upwards.
Update for 📉EURUSD. As I had anticipated, the market was able to break below the highlighted blue support, causing the price to decrease significantly. Upon examining the 4-hour time frame, I noticed another indication of a bearish trend - the breaking of a support line in a rising parallel channel and a support level within a small range. I anticipate that...
The EURUSD is currently trading in a rising parallel channel on a 4-hour chart and is testing its support. To enter a buy position with confirmation, look for an ascending triangle pattern on the 1-hour timeframe. A bullish breakout above the resistance and a close of a 1-hour candle above it will provide a strong bullish signal. There is a high likelihood...
📈EURCAD has broken through a key daily/intraday resistance level and the previously marked blue area is now acting as a support. There is a strong possibility that the upward trend will continue in the near future. The next targets to watch for are 1.5092 and 1.5140.
Yesterday, 📈EURAUD experienced a sudden increase and broke through a resistance line within a horizontal consolidation range on a 4-hour timeframe. This development suggests the possibility of continued growth, with the next resistance level being at 1.678.
The EURUSD is starting to bounce back after a long period of downward trend. There is a clear indication of a bullish breakout above an important daily/intraday resistance level, showing the dominance of buyers in the market. Following the trend, I anticipate a potential bullish movement from the highlighted blue zone. ⚠️I suggest considering buying EURUSD...
The Dollar Index experienced a significant decline on Friday, with the market violating a key support level. The previously intact range of 107.99 - 107.75 is now acting as a resistance zone. I anticipate a downward trend towards the 107.23 level.
AUDUSD successfully broke through a key supply area with a strong bullish candle on a 4-hour chart. The pair is expected to continue its upward movement, with the next obstacle at 0.6350.
Let's examine the price movement of 📈GBPAUD. Initially, there was a significant downward movement on the daily chart. Subsequently, the market lost momentum and the price began to trade within a tight horizontal range. Following a period of consolidation, the upper boundary of the range was violated. This indicates a show of strength from buyers and suggests a...
It appears that GOLD is poised to retest its all-Time high. Gold broke through a significant intraday resistance and closed above it on a 4-hour timeframe. There is a strong likelihood that the price will continue to rise towards the resistance level set by the current All-Time High.
Silver is currently trading within a tight horizontal range on a 4-hour chart. To confirm a bullish trend, it is recommended to wait for a break above the upper boundary of the range. A 4-hour candle closing above 31.00 would confirm a the violation, with a potential continuation to at least 31.43. On the other hand, a break below the support of the range...