The CADCHF chart is currently exhibiting a pattern of higher highs and higher lows, indicating an uptrend. However, it recently broke its previous higher low (HL), resulting in a change of pattern. The chart is now forming lower lows (LL) and lower highs (LH), which suggests a shift towards a downtrend. Additionally, the CADCHF chart faced rejection or...
The NASDAQ is a stock exchange that is home to many technology and growth-oriented companies. When it is said that the NASDAQ is on a "bullish trend" or "uptrend", it means that the overall sentiment in the market is positive, and investors are buying more stocks than they are selling. This can result in a general increase in stock prices. The "DOW theory" is a...
AUDNZD being in an uptrend means that the value of the Australian dollar relative to the New Zealand dollar is currently on the rise. Additionally, there is a notable development occurring in the form of hidden divergence on the Relative Strength Index (RSI). Hidden divergence refers to a situation where the price of an asset and the RSI indicator move in opposite...
USDJPY is a currency pair that indicates the exchange rate between the US dollar and the Japanese yen. When market analysts mention that USDJPY is in an uptrend, it means that the value of the US dollar is rising against the Japanese yen over time. However, the analysts also note that there is a formation of hidden bearish divergence on the Relative Strength Index...
The current price of gold is in a phase of consolidation but attempting to break out of this range. The current price is being supported by a strong level of buying activity and forming a pattern of higher highs and higher lows, which may indicate a potential bullish trend.
In the 4-hour time frame, ETCUSDT has currently broken out of its minor bottom neckline, which is a good indication that it will make a higher high according to Dow theory. Additionally, there is a double bottom pattern, and ETCUSDT has successfully broken out of its neckline. According to that pattern, its projection is at $21.30, which is our final target...
An inverse head and shoulders pattern is a bullish chart pattern that forms after a downtrend. It consists of three lows, with the middle low (the head) being lower than the two other lows (the shoulders). The pattern is completed when the price breaks above the neckline, which is a trendline that connects the high points of the two shoulders. On the other hand,...
A double-top pattern is a technical chart pattern that occurs when a stock or asset reaches a high price twice and then reverses its trend. This pattern is formed when the price of an asset rises to a certain level, falls back, and then rallies back to the same level before falling back again. This creates two peaks on the chart that are approximately the same...
USDCHF refers to the exchange rate between the US dollar (USD) and the Swiss franc (CHF). If the USDCHF pair is making a bullish trend, it means that the value of the US dollar is increasing relative to the Swiss franc. This could be due to various factors, such as stronger economic data from the US, higher demand for the US dollar, or weaker economic data from...
Higher Highs and Higher Lows are technical patterns commonly used in chart analysis to identify potential uptrends in an asset. An uptrend is characterized by a series of Higher Highs and Higher Lows, indicating that the price is making new highs and lows that are successively higher than the previous ones. Higher Highs occur when the price of an asset reaches a...
An uptrend in EUR/USD would typically be identified by a pattern of higher highs and higher lows in the market, indicating that buyers are in control and there is an increasing demand for EUR/USD. This means that the market is generally moving upwards and that the price of EURUSD is likely to continue to rise over time. Follow for more ideas.
Lower Lows and Lower Highs are technical patterns that are commonly used in chart analysis to identify potential downtrends in the DXY US Dollar Index. A Lower Low occurs when the price of the index reaches a new low during a given period that is lower than the previous low. This suggests that the price is continuing to trend downward. A Lower High occurs...
GBPJPY | UPTREND An uptrend in GBP/JPY would typically be identified by a pattern of higher highs and higher lows in the market, indicating that buyers are in control and there is an increasing demand for GBP/JPY. This means that the market is generally moving upwards and that the price of GBP/JPY is likely to continue to rise over time. Follow for more ideas.
TA GRT triangle on the H4 chart. It easy to trade this break-out, so it will hit the bottom support level again before finally starting a new bullish pattern . FA The Graph is taking part in 2021 @ETHGlobal NFTHack!
TA GRT triangle on the H4 chart. It easy to trade this break-out, so it will hit the bottom support level again before finally starting a new bullish pattern. FA The Graph is taking part in 2021 @ETHGlobal NFTHack!