Bitcoin has recently surpassed its previous all-time high and breached the resistance level that had formed. However, there appears to be a minor selling pressure, suggesting a potential pullback to retest the previous resistance level before initiating the next rally. Notably, during the previous sell-off, a target level around $102k was maintained, corresponding...
EURJPY adhered to the supply zone's boundaries and executed a bearish breakout from the rising wedge pattern. Consequently, we anticipate a downward retracement following the confirmation received.
The AUDCHF has formed a triple bottom pattern, suggesting a potential bullish breakout pending confirmation on the highlighted neckline/key level. Additionally, there has been a recent breakout of the trend, indicating the possibility of a bullish rally towards the $0.61500 region.
Bitcoin has approached a significant resistance point near $68,000, where previous selling pressure has been observed. There is a possibility of a false breakout at this level, potentially followed by a liquidity sweep and a subsequent correction phase before the next upward surge towards a new all-time high. A retracement towards the $60,000 to $50,000 range may...
On the hourly timeframe, gold has formed a rising wedge pattern, suggesting a possible downward movement from its recent peak near $2160. Additionally, there's a distinct gap below $2120 indicating an imbalance that necessitates a retracement to fill it. This retracement is likely to target levels around 50% to 61% on the Fibonacci retracement scale.
Gold has experienced remarkable growth lately following a breakout in the supply zone. The impulses have completed the 5th wave, signaling a potential downward shift, especially with the anticipation of positive NFP data. We foresee a retracement towards the highlighted supply zone, notably around the $2080 mark, a significant price level. Testing both the upper...
The CADJPY has recently confirmed a bearish breakout from a rising wedge pattern. This breakout follows a prolonged period of strong bullish momentum. With this bearish setup confirmed, we anticipate a retracement in price. Furthermore, a significant supply level has formed at the peak, suggesting increased selling pressure may ensue.
The AUDCHF pair has validated a trend breakout on the daily timeframe, indicating a potential shift towards bullish momentum. This is further supported by the identification of a triple bottom formation within the daily demand zone. Anticipated is a bullish rally targeting the highlighted key level.
Since March 2020, the US100 index has shown a robust market structure. However, there's now the emergence of a rising wedge pattern under the daily timeframe, indicating a potential short to mid-term bearish trend. If a breakout occurs below the lower boundary of this rising wedge pattern, there's a possibility of a retracement or revisiting of the previous...
The mRNA stock has exhibited a bullish flag breakout, following the identification of a falling wedge pattern. We anticipate a potential retracement towards the prominent key level near $130, which was established at the top.
JPYX has returned to the earlier demand zone highlighted across both hourly and daily timeframes. Additionally, we've observed the fulfillment of a five-wave count within the current bearish trend, suggesting the potential for a reversal at this established demand zone.
AUDNZD is once again testing the key demand zone identified on the hourly timeframe. We anticipate a bullish reversal to occur, potentially leading to a revisit of the upper boundary of the established bearish channel.
The EURUSD has established a robust bearish channel, but recent price action suggests a potential reversal as it shows signs of respecting a significant support/demand zone at the lower end. Should the price embrace a bullish sentiment and manage to breach the current structure, it may pave the way for a complete reversal to the upside, targeting recent swing highs.
DOGEUSDT has formed an accumulation zone at the lower end, suggesting a potential bullish breakout at the resistance level, which could spark a significant rally. Additionally, there's confirmation of a trend breakout from the preceding bearish trend, further supporting the notion of an upward movement.
GBPUSD has recently experienced a bearish breakout below a key support level, followed by a reversal that is currently retesting the broken support on the hourly timeframe. Anticipations lean towards another downward shift, potentially igniting another bearish trend to the downside.
EURCHF has formed a well-defined bearish channel, prompting us to await confirmation of a bullish breakout to signal a potential reversal. Given the recent identification of bullish sentiment, there is a belief that the price may initiate this breakout imminently, paving the way for a reversal pattern to follow suit.
CHFJPY currently finds itself in a distribution zone, characterized by a sideways market condition. Notably, there was a recent false bearish breakout below support, signaling a strong upward move. Despite this, there remains an expectation for a bearish breakout on subsequent structure, as we anticipate a corrective leg following the recent bullish trend.
AUDNZD is currently positioned within a significant demand zone, where a burgeoning bullish sentiment indicates the potential for a bullish reversal, with the highlighted zone being regarded as a buy zone, particularly under the daily timeframe. Should the bullish sentiment persist and strengthen, it is conceivable that a robust bullish trend will emerge, driving...