Here is my analysis for CADJPY for the coming weeks. Price is approaching correctively towards the Lower time frame 0.618-0.500 area or Golden ratio, price is currently forming a Running Flat pattern and may react from that Buy zone area. Another scenario, price may be forming an Expanding Flat pattern or may go lower between 0.786-0.618 area before price reacts...
Here is my Analysis for the EURCAD Outlook for the coming weeks. Price is approaching correctively to the Lower time frame 0.618-0.500 level or Golden ratio, expecting the price would react on that Sell Zone as illustrates in the chart. Expecting price to drop from the Sell Zone area towards the Higher time frame 0.618-0.500 level or Golden ratio where we would...
Here is my Analysis for the EURGBP Outlook for the coming weeks. Price is already reacted from the Buy Zone or the 0.618-0.500 area or Golden Zone, we may need to see a lower time frame corrective structure before safely Buy to the upside. Once the price reach a significant level or around 0.844 area, we may need to wait and see how will price reacts to...
Here is my Analysis for the GBPCAD Outlook for the coming weeks. Price is approaching correctively to the Lower time frame 0.618-0.500 level or Golden ratio, expecting the price would react on that Sell Zone as illustrates in the chart. Expecting price to drop from the Sell Zone area towards the Higher time frame 0.618-0.500 level or Golden ratio or Buy Zone...
Here is my analysis for EURNZD for the coming weeks. Price is approaching correctively towards the Lower time frame 0.618-0.500 area or Golden ratio, price is currently forming a Regular Flat pattern and may react from that Sell zone area. Once the price reacts on the Sell zone, it will be expected to impulsively move towards the Buy zone area or Higher time...
Here is my analysis for EURAUD for the coming weeks. Price is approaching correctively towards the Lower time frame 0.618-0.500 area or Golden ratio, price is currently forming a Running Flat pattern and may react from that Sell zone area. Once the price reacts on the Sell zone, it will be expected to impulsively move towards the Buy zone area or Higher time...
Here is my analysis for USDJPY for the coming weeks. Price is approaching correctively towards the Lower time frame 0.618-0.500 area or Golden ratio, price is currently forming a Running Flat pattern and may react from that Buy zone area. Another scenario, price may be forming an Expanding Flat pattern or may go lower between 0.786-0.618 area before price reacts...
Here is my Analysis for the EURUSD Outlook for the coming weeks. Price is approaching correctively to the Lower time frame 0.618-0.500 level or Golden ratio, expecting the price would react on that Sell Zone as illustrates in the chart. Expecting price to drop from the Sell Zone area towards the Higher time frame 0.618-0.500 level or Golden ratio where we would...
- RSI Bearish Divergence - Price broke-out from Rising Wedge pattern - Price broke-out from Pennant - Price broke-out from Trendline - Expect Price to go down GBP/CAD 4-hour chart with RSI Bearish Divergence, Rising Wedge Break-out, Trendline Break and Pennant Break-out
- Falling Wedge Pattern - Potential break-out from the Trendline, could be bounce correctively but suggest to wait for break-out - RSI Bullish Divergence - Wait for the price to retest after potential break from the Trendline for entering Longs USD/CHF 4-hour chart with Falling Wedge and RSI Bullish Divergence
- Rising Wedge Pattern - Potential end of Wave 5 or could probably extended even higher for Uptrend continuation, Wave A for potential correction to the downside - RSI Bearish Divergence - Wait for the price to retest after potential break from the Trendline for entering Shorts - May take Longs for possible Uptrend continuation Short-term EUR/USD 4-hour chart...
- Break-out from Bullish Channel - RSI Bearish Divergence detected - Confirmed Downtrend for Wave A GBP/USDS 4-hour chart with Break of Bullish Channel, Trendline break-out and RSI Bearish Divergence
- Bearish Flag - Break of Bullish Channel - Downtrend Continuation - Rejection from Resistance Level or Retest EUR/CAD 4-hour chart with Break of Bullish Channel, Trendline break-out and Bearish Flag
- Falling Wedge Pattern - RSI Bullish Divergence - Looks like Price has bounced from Resistance level and broke from the Rising Wedge Pattern AUD/CHF 4-hour chart with Falling Wedge and RSI Bullish Divergence
- Rising Wedge Pattern on 4H Time frame - Potential end of Wave 5 or could probably extended even higher than the current price, Wave A for potential correction to the downside - RSI Bearish Divergence - Wait for the price to retest after potential break from the Trendline GOLD or XAU/USD 4-hour chart with Rising Wedge, Potential Wave A and RSI Bearish Divergence
The GBP/AUD pair has been in an uptrend since the beginning of February 2023, but recently it has formed a rising wedge pattern on the 4-hour chart. This pattern is a bearish reversal pattern. The rising wedge pattern consists of two upward-sloping and converging trend lines that connect the higher highs and higher lows of the price action. The pattern shows that...
Sell idea on GBPUSD as it seems it respected a retest at resistance level after a break-out from a small rising Wedge, US Dollar seems starting to pick up some momentum at the start of Asian Session ahead of NFP.
Hello Traders, Welcome to our weekly trade setup. We are now focusing on AUD/USD which has potentially formed a Bearish Structure. We have detected a potential Bearish Structure in AUD/USD at the Daily chart. Right now, the price has currently forming a Bearish continuation pattern "Rising Wedge" whose price is now moving towards a yearly resistance level at...