BINANCE:BTCUSDT market continues to consolidate. A glance at the weekly candle reveals multiple doji patterns that shows low momentum and sideways move. The price formed a triangle formation and broke above it. Additionally, it moved above the downward trendline that has served as dynamic resistance since the beginning of this month. I expect that the market may...
OANDA:XAUUSD market pulled back below the previous week's high and has also dipped below the lows of the last two days, bouncing off these levels by taking liquidity. There seems to be indecision in the market as price is forming either a head-and-shoulders pattern, which indicates a potential reversal, or an expanding triangle pattern, which also reflects...
OKX:TONUSDT market continues to consolidate, reflecting the overall crypto market's current phase of consolidation. Last week's candle was a doji with a small range. The price dipped below the previous week's low and is currently trading around that level. Given that the price is forming a potential inverse head and shoulders pattern, it seems the market may be...
FX:GBPJPY market made an impulsive leg followed by a pullback. The price broke and closed below the 191,000 level before pulling back to retest it. Subsequently, the price broke above the previous day's high but formed a double top in this area. On the 4H timeframe, we can observe a long-tailed bar, indicating rejection at this level. I anticipate that the price...
BINANCE:XLMUSDT market is forming a triangle pattern, indicating a consolidation phase. However, the price dipped below the December and January lows, testing the psychological level at 0.3000 before bouncing back. Since the price has been trading above the upward trendline for the past three weeks, I think it may continue to bounce off this line. I expect the...
Following the news release, OANDA:XAUUSD market surged higher, reaching the resistance zone/equal highs level. Currently, the price is testing the previous week high, and it may close above it. Historically, the market often breaks and closes above a key level on the third or fourth attempt. Considering the current bullish momentum, we could see the price surge...
FX:AUDUSD market continues to make higher highs, indicating that bulls are in control. The price has formed a range zone near last week's high, and there is a chance it may break above and reach higher levels. The market formed a small pause before continuing, as the price closed above the psychological level of 0.63000. On the daily timeframe, the price took...
The price perfectly fulfilled my previous idea. It hit the target. BINANCE:BNBUSDT market recently tested the area above the 700 level then pulled back by taking liquidity. Currently, the market appears calm and is moving sideways. However, on the 1h timeframe, the price is forming an ABC pattern from the resistance zone. Recently, it broke and closed below...
FX:NZDUSD market continues to establish higher highs and higher lows, showing bullish momentum. It broke and closed above the key level of 0.570000. Overall, the market is forming an ABCD move. The price pulled back towards the support level, then bounced off it, taking out the liquidity below. Furthermore, on the daily timeframe, the price made a fake breakout...
The price perfectly fulfilled my previous idea. The market has reached the January low, as I predicted in my previous post. It has also almost touched the November low. I believe the market might bounce off the support level around the 150 level, a significant psychological level, and then move higher. Before the recent drop, the price formed a triangle pattern,...
OANDA:XAUUSD pulled back to the 2915-2920 resistance zone, as suggested in yesterday's analysis, forming an ABCD move. Looking at the previous price action, we can see that the current bearish momentum is stronger than the previous one, while the current bullish rebound is comparatively weaker. This suggests that we may be entering a consolidation phase or...
The price has perfectly followed my previous analysis. OANDA:GBPCAD market is approaching a significant resistance zone. This area is defined by the previous day's high and a level where the price has previously reversed downwards. I expect the market may retest this resistance level and subsequently fall, potentially forming a false breakout. If the price...
BINANCE:ETHUSDT market continues to consolidate following the spike at the beginning of this month. Price is moving sideways above the key zone around 2500. Looking left at previous price action, we can see that this zone has served as a bounce point before, triggering bullish momentum. On the monthly timeframe, price has swept the liquidity below September,...
OANDA:XAUUSD market dropped from the resistance zone, forming a double top. The PCE inflation data triggered a pullback, leading to a 2% decline from the highs—similar to the decline we saw around two months ago. On the weekly timeframe, the price formed a long-tailed bar, signaling a rejection candle, and ultimately closed below the previous weekly...
FX:EURUSD market has gained bullish momentum. It formed a large bullish candle on the weekly chart that closed above the previous week's high. The price appears to have completed an ABCD pattern, which often precedes a pullback. Consequently, a price dip below Friday's low and potential retest of the previous week high is anticipated. If the price finds support...
BINANCE:BTCUSDT market is currently consolidating, with a sideways trend. Interest in Bitcoin appears to have waned. Looking at the broader picture, a large triangle pattern is forming, where we have lower highs and higher lows. This is particularly evident on the weekly timeframe, where an inside bar pattern formed which means a price squeezed. A potential fake...
The price perfectly fulfilled my last idea. The market exhibited a false breakout below the prior support level of 0.2170, essentially breaching the December low before subsequently rebounding. Price then surpassed the 0.2300 level, a previously respected resistance. On the weekly chart, a long-tailed candlestick formed, suggesting a potential price movement...
The price has perfectly fulfilled my previous forecast . OANDA:XAUUSD market went below the 2900 level but swiftly recovered, closing above it and creating a false break. On the daily timeframe, the market shows a liquidity grab below the previous day's low, followed by a bounce. The formation of a pinbar suggests a potential upward movement, possibly reaching...