Initially, looking at the Weekly timeframe chart, it could be noted that the price has been unable to continue pushing in the upside destination for more than 2 weeks now. Leaving huge wick candles in the upward direction, the market structure is making it relatively evident that bearish waves could kick in and drive the price towards the target region mapped on...
Just like the textbook states, an impulse is followed by a correction. Examining the recent build-up, we might infer that the price has been soaring in the upside direction after having broken out of the descending trend-line mapped on the graph. At the moment, however, we are witnessing obvious signs of a potential bearish reversal and, if bearish moves kick in,...
Initially, taking a look at the Monthly-timeframe development, it could be noted that the price is printing huge wick candles, which emphasises the inability to continue pushing in the upside destination. Identifying all crucial key zones and levels of decision, we may point out the importance of the 2.07 key region, the borders of which could be visited in the...
Observing the Monthly-timeframe movement on USD/CAD, it could be inferred that the price has rejected the upper barrier of the rectangular range as mapped on the graph and formulated a new top. From here, in the upcoming long run, we are anticipating for the price to keep declining and, eventually, reach the lower boundary of the channel as indicated on the graph.
Observing the ongoing build-up on the Daily-timeframe graph, it could be inferred that the price has been developing for potentially upcoming bullish moves. Having spiked below the local key level and grabbed liquidity, we might imply that a bullish wave is ready to commence. Thus, having set buy positions with the stop-out order below the recent liquidity wick,...
Initially, looking at the Weekly-timeframe chart on the left-hand side of the screen, it could be inferred that the price has been unable to break below the major key zone of 1.072 and, ever since, it has been impulsing in the upside destination. Judging by the ongoing build-up, the bullish wave does not show any signs of stoppage and is continuing to move in the...
Judging by the Daily-timeframe build-up, we might imply that the price has nicely tapped into the liquidity region laying above the right shoulder of the recently formulated Head&Shoulders pattern, and now we are observing bearish moves in the destination of two zones - the pattern neckline and the 0.888 key level. Upon reaching the pattern neckline (0.9 region),...
After breaking out of the ascending channel that we have identified on the graph, the price has been impulsing towards the upside ever since. At the moment, we might infer how a crucial area of resistance has been reached and we are expecting for some correctional moves | pullbacks to kick in from here and drive the price towards the downside in the middle...
As it can be inferred from the Weekly-timeframe graph, the price has broken out of the descending trendline that is plotted on the chart that lines up with the previous Lower Low region. From here, we are expecting for the price to continue moving in the upward destination and, potentially, reaching the upcoming resistance level indicated on the graphic.
Looking at the Weekly-timeframe development on USDCHF, it can be examined that the current Weekly candle has broken above the previous Lower Low region lining up with the descending trend-line connecting three Lower High tops. If the Weekly candle manages to close above the penetrated resistance level, we will look into going long and aiming for the upside. On...
Investing in aerospace-related stocks can be a lucrative endeavor due to the industry's potential for growth and innovation. You may find a lot of long-term investors holding major airline stocks (especially, positions added during COVID lows) and relatively new aerospace startups. However, it is essential to closely monitor and consider the impact of Federal...
As it can be inferred from the Monthly timeframe graph, the price of Bitcoin has rejected the area of resistance located at the $30-31K price region that lines up with the 50% Fibonacci retracement level of the 04/2022 - 12/2022 bearish run. Hence, judging by the formation, we remain positive about the fact that the price might experience further drop and reach...
As it can be inferred from the 2D-timeframe development on USD/CHF, the price has been trading within the borders of the descending parallel channel that is illustrated on the graph. Hence, our sentiment is bearish. After witnessing some price development (printing wick candles and showing signs of a bearish reversal), the market tricked sellers into making...
As it can be observed from the DAILY timeframe chart on EURGBP, the sentiment of the market is bearish. After printing a Head&Shoulders pattern and grabbing liquidity above the right shoulder of it, the price experienced a massive drop and is now sitting on a key zone of support. From here, we are expecting for some correctional moves to happen before the...
From the Daily-timeframe perspective, it might be observed that the price is bouncing off the ascending trend-line that has been portrayed on the graph; and looking at the historical price action, it can be noticed that upon reaching this specific up-trending zone, the price has been able to bounce off and impulse towards the upside. Hence, we remain positive that...
Conducting a thorough examination on the H16-timeframe graph, the following points could be observed: - The price action is looking wonderful - The sentiment of the market is bearish - The chances of getting further downside moves upon a pullback are high And hence, we are interested in catching entries and riding the potentially upcoming bearish wave. As it...
New week, new outlook on EUR/USD. Without further ado, let's line up the technicals with the fundamentals and see what kind of picture is being painted. Looking at the Weekly timeframe graph, it can be clearly observed that a not-very-symmetric ascending channel that confirms the overall bullish sentiment of the market has been formed. At the moment, the price...
As it can be inferred from the WEEKLY-timeframe graph, the price is ranging within the boundaries of the descending channel that has been highlighted on the chart. Observing the ongoing price development, it can be noted that the price is approaching a crucial zone where three key confluences collaborate: upper barrier of the descending parallel channel,...