AndeWave

AndeWave Updated 

GOLD tested the descending resistance, formed on the background of changing fundamental situation since last year. False break of the resistance confirms the weakness of the buyer at the moment and it can become the reason of a small correction. There is no key trend and based on this we can say that the market is neutral. Scenario: False break of resistance...

AndeWave

EURUSD shows no signs of being ready to go up. The Euro is under pressure from the economic environment and a strong dollar. Thus, we can say that the fundamental background is negative. Technical analysis confirms this with a downward trend and retesting of the key support, which may lead to a breakdown and continued decline. Scenario: The currency pair ends...

AndeWave

NZDUSD is consolidating for further decline. Buyers may not hold the level of 0.5588. The strong dollar, which continues to grow, has a negative impact. The fundamental background for the currency pair is also negative. Scenario: The price is consolidating near the key support at 0.5588. But there are no signs of trend reversal, therefore, the only possible...

AndeWave Updated 

Bitcoin is consolidating, but within the framework of correction. This phase may last for quite a long time, as the market is waiting for Trump's inauguration and politicians' actions. Disappointment may lead to a deeper correction, for example to 70K, and positive preconditions will become a bullish driver. Scenario: price has no direction, market is neutral,...

AndeWave

GOLD is in a neutral trend and continues to consolidate due to the complex geopolitical and political environment. The metal is supported by Asia and the conflict in the Middle East, while the pressure is created by the USA: Trump and the hawkish stance of the Fed Scenario: the price may make a false breakdown of the zone of interest after which the balance in...

AndeWave Updated 

GBPUSD is forming a small correction due to the weakness of the dollar. A lot of economic data is published this week. Based on the Fed's stance and Trump's policy, we can assume that the dollar growth will continue, GBP will then fall. Scenario: Price is testing the previously broken support at 1.24887, which now acts as resistance. If the market does not let...

AndeWave Updated 

ACTUSDT is testing trend resistance with a sudden impulse. The downtrend may stop such a strong growth on the background of calm bitcoin which draws a small correction Consolidation of the price below the downtrend line after a false breakout will be a good signal for further decline.

AndeWave

USDCAD is at risk of a trend reversal due to the dollar forming a reversal phase after yesterday's news and rumors when someone came up with the idea that Trump had decided to change his hardline policies. After the rumors were refuted, the dollar headed down, pulling the forex with it. Scenario: Consolidation of the price below a key level may influence further...

AndeWave

Gold is growing due to geopolitical and economic risks associated with virtually the entire world. We won't get into the complexities. Buyers are coming back. The price is growing and testing the resistance, but the symmetrical triangle dulls the situation. Scenario: There is no global trend, the price is in a symmetrical triangle. There are no reasons for a...

AndeWave Updated 

GOLD is testing support ahead of important news. But given the fact that the price broke a strong uptrend line earlier, we can assume that the market is expecting to hear a negative tone in the Fed Chair's words at the US interest rate meeting later today. Scenario: the price broke the ascending support and essentially entered the sell-off zone. A local support...

AndeWave

MOVEUSDT is not feeling so good after listing. While bitcoin can't break through strong resistance, MOVE is facing manipulation and position accumulation by a large player before strong selling. The growth attempts marked on the chart are false attempts, the essence of which is to deceive speculators and at their expense to accumulate a large position before...

AndeWave Updated 

Gold has no clear trend. Globally, the price is in a sideways flat. It cannot be called an accumulation, but just a range. There is news ahead, which can generally set some tone for the market. Recently, the price has been growing exclusively on geopolitical nuances: the Middle East, problems in Europe, China started buying metal again. The negative background...

AndeWave Updated 

Bitcoin maintains an upward market structure even after the shakeout. Buyers are aggressively protecting all risk areas that could panic the market. On the daily timeframe, the price is holding steady above the local lows, forming a cascade indicating an uptrend Scenario: Since bitcoin is trading inside the consolidation, we can take it as a fact that the most...

AndeWave Updated 

GBPJPY is in an interesting situation. The trend is upward, but at the same time, judging by the traces (candles) on the chart, a major player is accumulating potential. Everything is building up to the fact that the resistance at 200.5 will be broken, as the Japanese Yen is not ready to fight currencies like the Pound, Euro or Dollar. On d1, the pattern is...

AndeWave

ETHEREUM is in the correction phase. A major player continues to collect a position in the expectation that after the formation of an intermediate bottom, around the area of 3250 - 3200, the price will start to recover. As there are several reasons for this: On July 2, the ETH-ETF is expected to be admitted to trading. The situation may repeat itself like in...

AndeWave

GOLD is falling from the shakeout zone of 2332. There is no strong buyer in the market and the negative fundamental background makes traders change their strategy Technically, the price is moving from levels to levels, but the 2315-2320 area is the engine for the price (the place of highest volume) Strategy: from 2305 may be followed by correction to OB area,...

AndeWave Updated 

GBPUSD closes the week and Friday afternoon session below the key level of 1.2686. Accordingly, the market is in the hands of sellers and bears. From the opening of the session, the fight for space may continue. A pullback to the liquidity area of 1.2715 - 1.2345 may be formed, further it is worth paying attention to the support retest, which will increase the...

AndeWave Updated 

GOLD is forming a false breakdown of resistance. This is happening against the background of correction after the breakout of the strong line. The news determines a negative FUNdamental background for gold. Ahead of PPI. There is a probability that the general background will remain. In this case it is worth considering the continuation of the fall, because the...