


PriceActionMatrix
PremiumOn the **daily chart**, USDJPY continues to show strong bullish momentum, breaking through multiple resistance levels and approaching a key supply zone. ### **Key Technical Highlights:** 1. **Bullish Trend:** Price has been making consistent higher highs and higher lows, confirming a strong uptrend. 2. **Immediate Target:** The next significant resistance lies...
On the **daily chart**, XAGUSD has broken below its long-standing **ascending trendline**, indicating a potential shift from bullish momentum to a corrective phase. ### **Key Technical Highlights:** 1. **Trendline Break:** Price failed to hold above the rising trendline near **\$37.00**, which previously acted as dynamic support. 2. **Resistance Zone:** The...
On the **4H chart**, XAUUSD is currently trading within a well-defined **descending channel**, making lower highs and lower lows. The recent price action shows a short-term pullback from the channel's lower boundary, but momentum remains bearish. ### **Key Technical Highlights:** 1. **Downtrend Structure:** Price has consistently respected the descending...
**Trend Overview:** GBP/USD recently completed a **5-wave bullish cycle**, topping near **1.3788**. Price is now showing signs of exhaustion, breaking key support levels and suggesting a deeper corrective move. --- ### **Key Observations:** 1. **Elliott Wave Completion:** * The chart illustrates a full 5-wave structure (1-5). * Wave (5) failed to...
**📉 XAUUSD (Gold) – Short Setup from Supply Zone to Demand Zone** **Timeframe:** 4H **Instrument:** Gold Spot (XAUUSD) **Date:** July 17, 2025 --- **🔍 Market Structure Overview:** Gold is currently showing signs of weakness after failing to break above a key **supply zone** in the \$3,350–\$3,375 range. Price action has formed a lower high, and bearish...
**📉 EUR/USD – Bearish Channel Break & Short Opportunity** **Timeframe:** 4H **Pair:** EUR/USD **Date:** July 17, 2025 --- **🔍 Technical Overview:** EUR/USD has recently broken below a well-respected **ascending channel**, signaling a potential shift in market structure from bullish to bearish. The price also rejected the key support-turned-resistance zone...
**💥 XAUUSD Bearish Setup – Trendline Break & Liquidity Targeting** Gold (XAUUSD) on the 4H chart is showing signs of a potential bearish breakdown after rejecting key supply zones and violating ascending trendline support. Here's the detailed breakdown: 🔹 **Entry Point 1**: Price rejected the trendline and a key supply zone, signaling early bearish...
**Trend Overview:** The EUR/USD pair has been maintaining a strong bullish structure since the start of 2025, forming consistent higher highs and higher lows. However, recent price action shows signs of exhaustion near the **1.1829** resistance area, suggesting a possible corrective phase. --- ### **Key Observations:** 1. **Elliott Wave Structure:** *...
🟡 XAUUSD Daily Analysis – Range Breakout or Breakdown? Gold is currently trading at a critical decision zone. 📊 Structure Summary: Price is ranging between the 3,270–3,480 levels. A rising trendline support is pushing the price upward. Strong resistance zone at 3,440–3,480, acting as a ceiling multiple times. Support demand zone lies below at ~3,270–3,230,...
Silver (XAG/USD) is showing signs of a potential bearish reversal on the 4-hour timeframe. After a strong bullish rally, price has recently broken below a key ascending trendline and is now retesting the previous structure support turned resistance near the **\$38.95** zone — a potential **entry** point for short positions. ### 🔍 Key Technical Highlights: *...
**Trend Overview:** Silver has been in a strong downtrend after failing to break above the **\$39.52** resistance area. Recent price action shows a sharp decline followed by a weak corrective structure, indicating possible continuation of bearish momentum. --- ### **Key Observations:** 1. **Bearish Flag Formation:** * After the steep drop from **\$39.20**,...
XAUUSD started to recover after a robust correction the price navigates within a double bottom pattern retesting the 3375 resistance level . TRADE IDEA: Consider a long trade on a break above 3375; TARGET POINT: 3445 Watch for clean breakout and retest of mid-support for confirmation ideal setup for intraday traders Smart trading isn't about prediction it's...
**🧠 USD/CHF Bearish Reversal – Channel Breakdown Imminent** The pair has completed a clear **5-wave Elliott structure** within an ascending channel. Price failed to sustain above the upper boundary and has now broken below the lower trendline, indicating a **potential bearish reversal**. 🔍 **Key Technical Insights:** * 🔺 **Rising Channel**: The bullish...
**📉 DXY Bearish Pullback Setup – 61.8% Fibonacci Rejection** The U.S. Dollar Index has broken its **ascending trendline support**, and price has now pulled back to the key **61.8% Fibonacci retracement level** around **98.27**, which also aligns with a previous structure zone. 🧠 **Key Technical Highlights:** * ⚠️ **Trendline Break**: Clear bearish signal as...
**🚀 EUR/USD Bullish Breakout – Falling Wedge Pattern in Play** The Euro has broken out of a well-defined **falling wedge** pattern, signaling a potential bullish continuation. The breakout aligns with strong bullish momentum and a possible retracement toward the higher supply zone. 🔍 **Technical Highlights:** * 📐 **Falling Wedge Breakout**: A classic bullish...
🟡 XAUUSD 4H – Bullish Continuation in Play Price is currently riding strong above a trendline support, pushing into a key resistance zone near 3,400. Recent structure confirms bullish strength with higher highs and consistent demand zones being respected. 🔹 Support Zones: 3,352–3,360 (trendline confluence) 3,320 (previous demand block) 🔹 Current...
🔔 XAUUSD Bullish Reversal Breakout – Eyes on \$3,390 *Chart Pattern: Falling Wedge | Timeframe: 4H Gold has recently broken out of a falling wedge pattern, indicating a potential bullish reversal. Price action shows a clean breakout above the wedge resistance, supported by a retest near the \$3,347–\$3,348 entry zone, making this a high-probability long...
📈 **US30 (Dow Jones) – Bullish Flag Breakout in Play** 📈 The US30 is showing strong bullish momentum after breaking out of a well-formed **Bullish Flag Pattern** on the 4H timeframe. This classic continuation pattern signals the resumption of the prior uptrend, supported by solid price structure and momentum. 🔍 **Technical Highlights:** * ✅ **Bullish Flag...