The bearish trend line we thought the price would touch, did touch. In the daily perspective, I didn't expect a big reaction, but it happened. I believe we might see some sideways movement before the market moves to higher prices. However, if the price breaks the trend line, we could see more downward movement.
Gold is hanging around 2360/2316 in a bearish trend line in 4h time frame. As I mentioned typically we have bullish trend line in monthly, weekly and daily which basically we can see a TR either. By the way 2316 and 2321 is acting as supports zone that we can expect many pending orders which can cause upwards ternd lines. So in general as we are in bullish side...
After getting through the news markets shows some technical movements and also a trend line which you can see! By the way we can't certainly say what is the future long term trend! Based on WEEKLY timeframe we can still be on our M pattern and bearish movements. Also if Gold get above the 2340 I wouldn't be surprised to see bullish trend lines. Waiting for your thoughts!
Gold scenarios! Based on harmonic pattern and also W in weekly time frame I think we may have some bearish trend in Gold! Share your thoughts in the comments.
Hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
USDCAD is on ascending.channel. We have daily resistance on 1.3688. We expect if the price could go above this zone and close we get more bullish moves. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
EURUSD is trading in an ascending channel. It has reached a psychological level of 1.06000. The market is making shallow higher highs with divergence, indicating a sideways move. Considering up trend we might see more bullish moves. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
GOLD is moving on an ascending channel. We have daily resistance about 18**.**. We expect if the market could trade above this zone we get more bullish move. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
GOLD made a false break at the support level + trendline and made a higher high & higher close. The price is very likely to retrace from psychological level 1800. We only consider buying opportunities from local highs because the market is in a bullish trend . ------------------- Share your opinion in the comments and support the idea with Like. Thanks for...
DXY broke its trendline resistance range. It is possible that the pullback was not made correctly to complete the pattern, but there is also the possibility to expect further decline. We expect furthermore bullish move for sure in long term according to the news. ------------------- Share your opinion in the comments and support the idea with like. Thanks for...
An overview of the dollar index ! I decided not to talk about the trend because what is completely clear is that we are in full range in dollar and other currency pairs related to it! But in general, if you look at the price in the past, especially in EUR.USD GBP.USD, you will see that the price has gone through its process in a chaotic manner and also the...
EURUSD is in a descending channel. By following the news, we saw further more bearish move. Also after each RANGE , we have seen further decline in Euro. According to the upcoming support level (1.0000), it is expected: If the price support above this support level with powerful volume, we will see more bullish in the Euro, otherwise the price will fall until...
Following economic news, the EURUSD fell. The market pulled back to the range. We expect bearish moves from recent resistance at 1.0000. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
GOLD is trading in an ascending channel following a bearish move. The market broke and closed below the support, which became resistance. We expect bearish trend. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
USDCHF is gaining momentum after getting out from ascending channel. The market double-topped at the resistance level. We expect further bearish move. ------------------- Share your opinion in the comments and support the idea with like.
USDCAD is gaining momentum after getting out from ascending channel. The market double-topped at the resistance level . We expect further bearish move. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
USD.CHF came out from ascending channel. Now the price has hit the 0.236 Fibonacci level and the support zone . Currently, according to the data of higher time frames, we are waiting to see the price decrease from the specified support level by observing the incoming signals. ------------------- Share your opinion in the comments and support the idea with...
GOLD retested the support level and bounced off. The price completed the pattern with the aim of completing the trend and pulling back to the previous TR level. Now we can predict another descending channel . Wait for more updates. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!