ChampsMoneyConcepts

ChampsMoneyConcepts Feb 20, 2024

The EURUSD has established a robust bearish channel, but recent price action suggests a potential reversal as it shows signs of respecting a significant support/demand zone at the lower end. Should the price embrace a bullish sentiment and manage to breach the current structure, it may pave the way for a complete reversal to the upside, targeting recent swing highs.

ChampsMoneyConcepts Feb 13, 2024

DOGEUSDT has formed an accumulation zone at the lower end, suggesting a potential bullish breakout at the resistance level, which could spark a significant rally. Additionally, there's confirmation of a trend breakout from the preceding bearish trend, further supporting the notion of an upward movement.

ChampsMoneyConcepts Feb 12, 2024

GBPUSD has recently experienced a bearish breakout below a key support level, followed by a reversal that is currently retesting the broken support on the hourly timeframe. Anticipations lean towards another downward shift, potentially igniting another bearish trend to the downside.

ChampsMoneyConcepts Feb 12, 2024

EURCHF has formed a well-defined bearish channel, prompting us to await confirmation of a bullish breakout to signal a potential reversal. Given the recent identification of bullish sentiment, there is a belief that the price may initiate this breakout imminently, paving the way for a reversal pattern to follow suit.

ChampsMoneyConcepts Feb 12, 2024

CHFJPY currently finds itself in a distribution zone, characterized by a sideways market condition. Notably, there was a recent false bearish breakout below support, signaling a strong upward move. Despite this, there remains an expectation for a bearish breakout on subsequent structure, as we anticipate a corrective leg following the recent bullish trend.

ChampsMoneyConcepts Feb 12, 2024

CADJPY is currently situated within a significant supply zone, raising the possibility of a potential reversal. Notably, the price has formed a robust rising wedge pattern, further bolstering the potential for a bearish breakout along the lower boundary. Confirmation of a breakout on the structure could pave the way for a substantial bearish trend on this currency pair.

ChampsMoneyConcepts Feb 12, 2024

AUDNZD is currently positioned within a significant demand zone, where a burgeoning bullish sentiment indicates the potential for a bullish reversal, with the highlighted zone being regarded as a buy zone, particularly under the daily timeframe. Should the bullish sentiment persist and strengthen, it is conceivable that a robust bullish trend will emerge, driving...

ChampsMoneyConcepts Feb 12, 2024

AUDCHF has retraced to the upper boundary of the channel, coinciding with a significant key level established on the daily timeframe. Our anticipation revolves around a potential reversal towards the lower demand zone identified previously, prior to any potential rally. Should the bullish momentum persist, a breakout above may materialize. However, it's crucial to...

ChampsMoneyConcepts Feb 12, 2024

AUDCAD has formed a prominent bearish channel, and the current market price is stabilizing at a crucial level within a demand zone pinpointed on both the hourly and daily timeframes. I am patiently anticipating a bullish breakout accompanied by a convincing reversal pattern at the lower end of the channel.f

ChampsMoneyConcepts Updated  Feb 9, 2024

AAVEUSDT has experienced a notable bullish breakout, forming a falling wedge pattern under the 4-hour timeframe. This breakout was accompanied by the significant breach of a long-standing trend line, reinforcing the bullish sentiment. Additionally, within lower timeframes, an inverted head and shoulders pattern has emerged, further bolstering the case for a...

ChampsMoneyConcepts Updated  Jan 29, 2024

GOLD has once more adhered to the upper boundary, showing resilience against the hourly resistance near the 2040 mark. Anticipating a downward movement, we foresee a retreat in prices towards the established bottom support at the 1980 level. Despite the ongoing bearish expectations, it's noteworthy that the breakout on the major trend and bullish channel persists,...

ChampsMoneyConcepts Jan 23, 2024

The GBPUSD has exhibited a bearish breakout from a rising wedge pattern formed on the hourly timeframe. We anticipate a downward momentum for this pair, supported by the confirmation derived from recent price action.

ChampsMoneyConcepts Jan 23, 2024

The EURUSD has recently experienced a bearish breakout from a bear flag formation observed on the hourly timeframe. I anticipate a continued decline in this currency pair towards the identified bottom support. The presence of a robust hourly bearish trend line further supports this idea, reinforced by recent confirmations in the market.

ChampsMoneyConcepts Jan 22, 2024

DXY has recently initiated a bullish breakout, departing from the previously formed bearish channel. Following a robust reversal subsequent to the confirmation of bullish signals, the price is exhibiting continued strength. There is a prospect of further upside momentum, with the next targeted objective being the attainment of new swing highs.

ChampsMoneyConcepts Updated  Jan 22, 2024

Gold recently deceived with a false bullish breakout in the weekly/daily supply zone, leading to a bearish reversal. Additionally, the 4-hour timeframe revealed a recent bearish breakout along the trend line, supported by identified confirmations. Anticipating a downside momentum, we also foresee a potential approach to lower levels, possibly nearing the weekly...

ChampsMoneyConcepts Jan 22, 2024

Bitcoin has formed an expanding channel, indicating a potential bearish breakout. Despite this, the current price of Bitcoin remains above the crucial level identified. Should Bitcoin experience a bearish breakout at the highlighted key level in the coming days, it may signal a continuation of the bearish trend, confirming the breakout.

ChampsMoneyConcepts Jan 18, 2024

SOLUSDT has initiated a bullish breakout from a previously bearish channel, indicating the possibility of upward momentum. The current price trend and traders' sentiment suggest a potential for a revisit to the recent highs, reaching approximately $125.

ChampsMoneyConcepts Jan 17, 2024

The EURCHF has recently verified a breakout from an ABC pattern, indicating the potential for an upward rally. This is supported by the formation of lower highs in the recent swing, and the breakout at a key level further reinforces this bullish outlook.