The market is following its trend line from the top and testing lower high every time. I believe that the market will fall more from the current level.
I analyze it as it is rejected its Fibonacci level and also rejected its major resistance, which is strongly indicating of sell pressure.
The EURUSD market made a pin bar on Friday and now making sell candles. If today's candle closed strongly in bearish mode then we will see more selling pressure.
As we can see that market is rejecting its reistance which is also called double top. Now Gold is moving downward to 1792.
As DXY taking support on trend line plus takig support on 200EMA which is giving strong indication of further upside.
The market made bullish engulf candle on the Friday with the support of 200EMA. A strong indication of further upside.
The market is full of the control of Bull traders. The market takes support by the last price and it is ready to make a new swing high.
The market is full of the control of sellers. I believe that the market will badly from the current price and will touch the swing low on the D1 chart. Do not miss this opportunity,
In the chart, we can see the continued falling of the market from the last two days. I believe that the market will do the same on the next day candle till to its support.
The last two candles continue to make lower low this is the pressure of the seller.
The market last Friday made the same candle of the Previous day (Thursday) by this meaning the market is ready to go more upside from the current price.
First, the market took support from the previous low and now acting as a fake breakout which is clearly given the bullish scenario.
The market formed Bearish Engulf candle strongly to make more falling pressure.
On Friday the market made a bearish engulf candle which is indicating further downside.
Last week Gold made its low to the major support and it is up from that level. I believe that Gold has the potential to go more up to $1800.
As on Friday, the market made Bullish Engulf candle after 2 Doji candles which were indecisions were to lead the market, and finally, Bullish Engulf candle has been formed for the confirmation of the Bull market.
In the picture, GBPCHF is strong and will breakout its trend line. If Monday candle forming bullish then we can look for buy opportunity.
On Friday, the market has formed Bearish Engulf candle on the top, which is strongly indicating for the bears power.