USDCHF IS BACK ON SUPPORTUSDCHF is back on the support. Found a bullish activity on the lower timeframe on the highlighted zone where we can expect a bullish reversal which can push the price back above the levels it breached earlier.
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AUDNZD BULLISH TREND BREAKOUT The following bullish trend on the AUDNZD pair confirms a bearish breakout and is expected to form a correction leg close to 1.073.
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BTC CAN GO FOR A SELL OFF FOLLOWING THE RESISTANCE ZONE!📉Bitcoin has revisited the resistance/sell zone. Here we have a higher chance of seeing a reversal with an effective sell-off as seen earlier in the following highlighted zone. By any chance, if the price fails to hold the buying pressure, then we may see a bullish breakout on the highlighted zone and the bullish trend will be continuing to the upside and towards $24500.
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ETH CAN REVISITED THE HIGHLIGHTED RESISTANCE ONCE AGAIN!🚀ETH did a trend breakout with the recent bullish activity. Here I am expecting this bullish trend to continue the rally towards the highlighted resistance one more time. There after the visit we have to confirm if the price is willing to go for a reversal or a breakout on the resistance highlighted.
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AMAZON WITH ITS EXPANDING CHANNEL AND BULLISH BREAKOUT📈The following expending channel confirms a bullish breakout and here we can expect the price to do a bullish reversal with the confirmation spotted where we may revisit the levels close to 120 one more time.
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NASDAQ: TRADE RESULTS | 3000 POINTS PROFIT FLOATING 💸Trade Results: Went up a decent 3000 Points worth of profits during the bullish run as expected with our analysis.
Analysis: Breakout and pullback on the key level highlighted. Expecting a bullish reversal here to revisit the pinned price levels on the chart.
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GOLD BULLISH FLAG BREAKOUT MAY BE HEADING TOWARDS $1900Breakout identified on the bullish flag formed on 4-hour timeframe where we have higher chances of revisiting $1900 on the chart.
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NASDAQ BULLISH SETUP WITH BREAKOUT ON KEY LEVEL HIGHLIGHTEDBreakout and pullback on the key level highlighted. Expecting a bullish reversal here to revisit the pinned price levels on the chart.
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CADCHF WITH A DOUBLE BOTTOMS FORMATION FOR A BULL RUN AHEAD!Spotted an interesting neckline breakout on the following double bottoms formed where we can expect the bull run to happen after this nice breakout and pullback formed on the 4-hour to daily timeframe.
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ZEC SHORT TERM SETUP ZEC is back on the resistance and waiting for a reversal or breakout to happen.
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BITCOIN DID A BEARISH BREAKOUT ON $16750 SUPPORTBitcoin has breached the support or key level formed close to $16750 and here we can clearly identify a pullback formation. The price of Bitcoin is expected to revisit the bottom support at $16,000 where the bearish trend will be continued.
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GOLD IS UNDER 1802 RESISTANCE
The recent price created this week managed to respect the resistance formed in 1802 and here now we are required to identify the next possible direction in terms of the structure formed.
The 4-hour timeframe formed a rising wedge pattern where it came off with a bearish breakout. But the price managed to show a reversal back to revisit the price level it breached very quickly.
This minor resistance is acting as a key player here where it supported the price of gold one more time to lift off before a sell-off.
Gold even continue the rally to the upside if sellers' pressure gets weakened forming a fake breakout off the lower boundary formed for this rising wedge pattern. By any chance, if the price of gold still manages to respect the structure, then we will see a nice sell-off which can revisit close or below $1760
NASDAQ SHORT TERM UPDATENasdaq consolidation spotted for some time. Neutral play within this highlighted zone. Waiting for a breakout to happen on this consolidation over the support and resistance formed.
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GOLD SHORT TERM TECHNICAL OVERVIEWOn the hourly timeframe, Gold is trying to recover from its losses after the trend breakout happened recently. Here on the chart, we can identify a minor bearish trend breakout with a nice bearish harmonic pattern. The expanding triangle and the key level require a confirmation of a reversal or continuation in the bearish or bullish price action.
CRUDE OIL DIPS AFTER CHINESE DEMAND WORRIESUSOIL has made another drop of 18% after a high visit closed to $93 on the daily timeframe. This drop confirms that the price has revisited the following daily highlighted support close to the current market price of $76. We have seen a minor buying pressure close to this level which can be supportive of a bullish reversal.
On the hourly timeframe, I have witnessed that the price formed a nice "M" formation or a double tops formation which is another supporting setup for the idea of a bullish reversal. The target expected on the bullish reversal is close to the neckline holding $82.
Oil prices fell 2% on Friday in thin market liquidity, closing a week marked by worries about Chinese demand and haggling over a Western price cap on Russian oil.
Brent crude futures settled down $1.71, or 2%, to trade at $83.63 a barrel, having retraced some earlier gains.
China, the world's top oil importer, on Friday reported a new daily record for COVID-19 infections, as cities across the country continued to enforce mobility measures and other curbs to control outbreaks.
This is starting to hit fuel demand, with traffic drifting down and implied oil demand around 1 million barrels per day lower than average.
Trading is expected to remain cautious ahead of an agreement on the price cap, due to come into effect on Dec. 5 when an EU ban on Russian crude kicks off, and ahead of the next meeting of the Organization of the Petroleum Exporting Countries and allies on Dec. 4.
GBPAUD WITH AN EXPANDING CHANNELCheck out the trade plan for GBPAUD today based on the technical analysis. Hope this analysis is useful, make sure to hit the thumbs and also follow my tradingview profile for future updates. Thank you!
GBPAUD's expanding channel confirms a breakout on the lower boundary and here we may see a correction leg formation to the downside following the breakout happened.
DXY CAN DO A BOUNCE HERE ON THE SUPPORT FORMEDCheck out the trade plan for DXY today based on the technical analysis. Hope this analysis is useful, make sure to hit the thumbs and also follow my tradingview profile for future updates. Thank you!
DXY has revisited the key level as expected and showed through our previous analysis and here we are expecting a possible bounce back on the highlighted area as supported by concerning the recent price action on this current level. By any chance, if DXY fails to hold up the bears on this level then we will see another hard dump breaking the support.
GBPJPY CHANNEL BREAKOUT AND POSSIBLE REVERSALCheck out the trade plan for GBPJPY today based on the technical analysis. Hope this analysis is useful, make sure to hit the thumbs and also follow my tradingview profile for future updates. Thank you!
GBPJPY created multiple structures and now the growing channel has confirmed its bearish breakout on the lower boundary.
GBPJPY SHORT TERM TECHNICAL OVERVIEWCheck out the trade plan for GBPJPY today based on the technical analysis . Hope this analysis is useful, make sure to hit the thumbs and also follow my tradingview profile for future updates. Thank you!
The rising wedge pattern on this hourly timeframe is promising for a correction leg after the breakout confirmation which can happen on the lower boundary.
GOLD SHORT TERM TECHNICAL OVERVIEWCheck out the trade plan for XAUUSD today based on the technical analysis. Hope this analysis is useful, make sure to hit the thumbs and also follow my tradingview profile for future updates. Thank you!
Gold is forming a neutral market zone inside a Support and Resistance after the breakout confirmation on the bullish trend. More chances to the downside or possible breakout on resistance to the upside if bulls remain stronger before a correction is needed.
USDCHF IS ON AN IMPORTANT KEY LEVEL, POSSIBLE BULLISH REVERSAL📈Check out the trade plan for USDCHF today based on the technical analysis. Hope this analysis is useful, make sure to hit the thumbs and also follow my tradingview profile for future updates. Thank you!
This head and shoulder with the neckline breakout and pullback are promising for another leg down to form and complete the structure. Expecting another revisit back on the highlighted support formed.
GBPJPY HEAD AND SHOULDER PATTERN IS HOLDING ONE MORE LEG DOWNCheck out the trade plan for GBPJPY today based on the technical analysis. Hope this analysis is useful, make sure to hit the thumbs and also follow my tradingview profile for future updates. Thank you!
This head and shoulder with the neckline breakout and pullback are promising for another leg down to form and complete the structure. Expecting another revisit back on the highlighted support formed.
1INCH BROKE THE DAILY SUPPORT AND MORE DOWNSIDE RISKS AHEAD!Check out the trade plan for 1INCHUSDT today based on the technical analysis. Hope this analysis is useful, make sure to hit the thumbs and also follow my tradingview profile for future updates. Thank you!
We found a breakout on the daily support and here we see a nice decline ahead with the bearish breakout confirmation on the highlighted support.