Hey traders , behold! the new update on EURAUD! Let’s see what happens next week when the market opens!
Hey traders, AUD/JPY technical analysis: bearish trend in play. Awaiting the third touch of the trend line for a high-probability sell entry. Also keeping an eye out for the “M” pattern also known as double top to confirm the trade.
Hey Traders, XAU/USD (gold) has broken through resistance and is currently retesting the level. We will wait for confirmation when it aligns with our trend line
Hey traders, I've got my eyes on XAU/USD. Gold is clearly in an uptrend. Let's see if it can bounce off the trend line, potentially setting up a buying opportunity.
The Australian Dollar to US Dollar (AUD/USD) exchange rate is currently facing downward pressure, with a bearish outlook prevailing as long as the 0.6329 resistance holds ! The pair has been declining since reaching a high of 0.6941 in 2024, with a medium-term target of 0.5806, representing a 61.8% projection of the decline from 0.8006! Recent market analysis...
The Australian Dollar to US Dollar (AUD/USD) exchange rate is currently facing downward pressure, with a bearish outlook prevailing as long as the 0.6329 resistance holds ! The pair has been declining since reaching a high of 0.6941 in 2024, with a medium-term target of 0.5806, representing a 61.8% projection of the decline from 0.8006! Recent market analysis...
USOIL is technically on a downtrend. It has been making a series of highs and lows around the intermediate zone . It has created a nice high at 75.000 which I have considered as the second touch of the trend line because it is a psychological level . Let’s patiently wait and see how price reacts on the third touch of the trendline . If it gives a nice price...
Hey traders, two scenarios are possible on XAUUSD (GOLD) . Gold is reacting on the highest resistance level, it seems to has broken the resistance level but we are not sure . A beak of resistance and retest seems to have occurred but can only be considered if price can come back to the area of retest to give a double bottom (“W” pattern ) with a bullish reversal...
Hey Traders AUDUSD has broken the bear trend ,it is coming back to retest the trend ,Am expecting price to bounce on the support again to form double bottom, on the trend line area. Key support and liquidity area;0.61387
NZDUSD is ranging after the break of daily trend line , expecting price to touch the the new bullish trend line to see the reaction
USDJPY bounced on the 4hr trend line the third time ,it seems respected the trend to continue up trend to the major resistance level .it formed a bullish wedge on the trend .lets watch and see
WEDGE broken to down side , GBPJPY is clearly on down trend as up trend was broken on daily time frame with a series of range in a wedge which has broken to down side, showing a continuation of bear move
XAUUSD broke a bull triangle .Lets see the price reaction when it gets to retest area
GBPNZD is on down trend on 4hr time frame . it has bounced on the third touch of the trend line and has given a bearish engulfing candle on both 4hr and 1hr time frame .it broke support and retested it and is about to continue the bearish move. Also made the retest on 0.6 fibonacci retracement level. Confluences :1 support turned to resistance .2 third touch of...
USDCAD is reacting on a strong resistance and its all time high .lets wait for the break of the trend line and retest to figure out our sell entry.
GBPCHF is on its all time low on monthly time frame .it is flying up with style making a series of highs and lows on smaller time frames .It has made the second touch of bullish trend on weekly time frame. It is bearish on daily time frame, approaching the third touch of the weekly time frame bull trend. Sitting on a daily support to make a retest of a previous...
Price has broken the trend on 4hr time fame with a series of highs and lows on EJ .Hence we have gotten the first and second touch of the new down trend .we are patiently waiting for the third touch and a clear rejection candle to join the sells.
There was confusion between bulls and bears on EURAUD the previous week ,making the pair to be choppy throughout the week. Hence, the confusion seems to be caused by the brake and retest of structure (resistance level) on weekly time frame ,meanwhile price rejected on a major /supply/liquidity zone but the previous monthly candle closed bullish leaving us to...