As it can clearly be inferred from the DAILY timeframe graph of GBP/USD, the price is approaching a major level of resistance that it can possibly reject. We will keep monitoring the price development around that zone and enter short positions upon confirmations.
As it can be inferred from the DAILY timeframe graph of EUR/GBP, initially, the price has heavily bounced off the 0.872 area of support and made its way to the upside. Afterwards, we witnessed the ability of the price to break above the 0.877 - 0.878 key region and massively impulse to the upside. Then, we witnessed a correctional phase as the price pulled back...
Both technically and fundamentally, the sentiment of USD/CHF is leaning towards bears. As it can be inferred from the recent price action, a crucial area of resistance lining up with the 50% Fibonacci retracement level has been rejected, which implies that a new bearish wave might be around the corner. Thus, we are closely monitoring the price action and looking...
Looking at the Daily timeframe graph on the left-hand side of the screen, we may observe how the price has nicely rejected a crucial area of support highlighted on the chart by printing a huge wick candle the tail of which has bounced off the 61.8% Fibonacci retracement level drawn from the beginning of the recent impulse. Zooming in and observing H16, H8, and H4...
As it can be inferred from the graph, the price has formed a nice descending channel pattern and is on the verge of breaking the lower boundary of it. If a breakout happens, we will see an impulsive drop. However, we are expecting for a one more re-touch of the descending trendline of the triangle before a full-scale “jump off the cliff” mission can be commenced.
Last week, when the price was sitting around the 1.202 - 1.204 zone, we executed long positions and aimed for the current level of crucial resistance. Now that a decent double top pattern has been formed, we are expecting for a deep bearish leg and liquidity grab before the uptrend may resume. We are aiming towards entering short positions upon further price...
As it can be illustrated on higher-timeframe graphs, the price has successfully broken out of the wedge plotted on the chart and is now on the verge of re-testing the penetrated structure before POTENTIALLY continuing its bullish movements. We are awaiting for a possible dip below the current support before going long and aiming for the target pictured on the graphic.
Firstly, let's take a look at the Weekly timeframe graph as illustrated on the left-hand side of the screen. We may observe that the price has been consecutively printing massive bullish candles after having rejected a crucial level of support (1802 - 1810) highlighted on the graphic. Zooming into the Daily timeframe chart, it can be inferred that the price has...
The price has successfully rejected the ascending trendline plotted on the graph that lines up with a key area of support and is now impulsive to the upside. Due to the fact that a valid bottom pattern has not been fully formed yet, we would expect for the price to re-touch the entry zone highlighted on the chart once again before initiating a full-scale bullish launch.
Looking at the 2D timeframe chart of USD/CAD, we may observe that a descending triangle pattern has been formed and that the price has successfully broken the upper boundary (the descending trendline) of it. Using the Fibonacci retracement tool, we might identify that the 38.2% key Fibonacci level nicely lines up with a crucial area of previous resistance that now...
As it can be identified from the higher-timeframe graphs, the price has formed some sort of a triple top, which is a sign of incapability of a bullish break. From here, we are expecting for the price to perform a solid, potentially a 100-pip drop and reach the level identified on the graph (area of the previous Higher High that lines up with the 50% Fibonacci...
Taking a look at the Monthly candle closure, we might observe that the price has printed a massive wick candle to the upside, implying that bears are in control. A massive impulsive push from the 0.876 area of support into the 0.888 level of the upper boundary of the descending channel plotted on the graph, might bring some buyers into the game, as they would...
Now that the price has rejected the declining trend-line illustrated on the graph that nicely aligns with a key resistance level and the 50% Fibonacci retracement level identified on the DAILY timeframe, we are pretty positive about the fact that the bearish moves will continue. Have a great Tuesday. Investroy
After breaking and re-testing the lower barrier of the descending channel plotted on the graph, we might conclude that the current sentiment for this pair is clearly bearish. Recently, the price has been ranging within the boundaries of the mini-descending channel identified on the chart, and at the exact moment, the lower barrier of the same channel (that...
The massive bearish reversal at the 1960 - 1950 region has led to a dramatic drop in the price of Gold. Luckily, the price action has been absolutely fantastic and ideal for entering both short and long term trades and riding the bearish waves. We may observe how the price has been actively following the impulse + correction pattern. At the moment, we are sitting...
First and foremost, taking a look at higher-timeframe graphs, we may observe that the sentiment of EURGBP remains bearish for the time being. Failure to break the 0.88970 area of resistance has brought to a dramatic price drop and a seriously bearish set of DAILY TF candle closures. As we know, the market moves in "impulse + correction" phases. We have...
After failing to continue growing above the 0.93 area of crucial resistance, the price has managed to initiate a decent drop and close below the 0.926 zone of previous support that now acts as resistance. Looking at the higher-timeframe graphs, we may observe that the price has been able to print long and nice wick candles and reject this local area of resistance....
First of all, taking a look at the DAILY timeframe chart of EUR/USD, we may notice the inability of the price to break below the 1.065 - 1.068 area of support and a formation of a huge wick candle. What is more, an ascending channel can be identified and we can observe that the price is stuck in a consolidation box at the lower barrier of it. It's a "break or...