linofx1

linofx1

Gold is currently trading in a strong bullish uptrend. Following a new high, the market has started to consolidate within a narrow parallel channel on a 4-hour timeframe. Breaking through the resistance the range indicates a continuation of the upward movement. I anticipate growth up to 0.8693.

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USOIL was trading in a tight horizontal range on the 4-hour chart for a significant period of time. The resistance of this range was violated yesterday, followed by a retest and a strong bullish response. This could signal a potential upward trend continuation towards the 73.32 mark.

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The Dollar Index is likely to continue its downward trend following a significant bearish rally. This is supported by the breakout of a support line of a bearish flag pattern after testing a critical resistance level. It is anticipated that the price will soon reach a level around 106.63.

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USDCAD is likely to continue its downward trend following a retest of a previously broken support level. Additionally, a bearish flag pattern was formed with a breakout below a support line, further indicating a potential decrease in price. It is anticipated that the price will soon reach the 1.4161 to 1.4139 level.

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Take a look at ⚠️GBPCAD This week, the pair broke an important structure resistance and closed above it. Currently, the price is consolidating within a tight horizontal range and retesting the broken structure on the 4-hour chart. To confirm a bullish trend for intraday buying, look for a breakout above the resistance of the range. A 4-hour candle closing...

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Gold is currently trading in a strong bullish trend. After setting a new higher high higher close on a 4H time frame, the pair started to consolidate within a horizontal trading range. I am anticipating a bullish breakout above the resistance level of the range. A 4-hour candle closing above 2943 will indicate the buyers' strength, confirming a bullish...

linofx1 Updated 

Quick update for 📉Gold. The market is currently trading in a wide horizontal range on a 4-hour time frame. After testing the support of the range, there was a significant bullish reaction as the price formed a double bottom pattern and broke below its neckline on the hourly time frame. I believe that the price may continue to rise towards the resistance of the...

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Here is the wave analysis for ⚠️BITCOIN The market is currently in a consolidation phase, trading within a wide horizontal range on a daily, following a strong bullish move. The resistance of the range is between 109,582 and 106,027, while the support is between 92,797 and 89,378. The upper boundary of the range aligns with the All-Time High...

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Gold formed nice trend-following bullish setup, with the price retesting a previous horizontal resistance before bouncing back and breaking through a resistance line of a bullish flag pattern on the 4-hour chart. There is a high likelihood that the market will continue to rise, with the next target for buyers being the resistance level based on the current All Time High.

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I have observed a confirmed Change of Character on 📈AUDJPY on a 4-hour chart. Despite the overall bearish trend in the market, the price has managed to break through a minor bearish trend and a key horizontal resistance level. This suggests that the market is likely to continue moving upwards. The next resistance level to watch for is at 97.77.

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USDCAD has the potential to keep falling as it has been consolidating in a horizontal range on a 4-hour time frame after a significant downward movement. The support of the range was recently broken, showing the strength of sellers and suggesting a likely continuation of the bearish trend. I believe the pair could soon reach the 1.4215 level.

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It is likely that 📉NZDCAD will continue falling after a retest of a previously broken horizontal support level, now resistance. I anticipate a move downwards towards the 0.8020 level.

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It appears that the price of Silver is starting to move in a downward direction again. After consolidating within a parallel rising channel, the price broke through both its support level and the channel's support line. This has created an expanding supply zone made up of the horizontal support and the channel's support line. It is likely that the price will...

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Gold has reached a significant daily resistance rising trend line. Following a strong bullish movement, the market appears to be overbought, and the formation of a cup and handle pattern on the 1-hour chart indicates a weakening in buyer interest in the near future. I predict a pullback to 2880.

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📈GOLD updated the all-time high, violating the previous intraday horizontal resistance. After the breakout, the market tested the new level and began to consolidate on the hourly chart. Breaking above the upper boundary of this range is a strong sign of continued bullish momentum, suggesting that the price is likely to increase further. The next target is 2940.

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📈Gold updated the All-Time High violating a significant intraday resistance level. This level is now acting as a potentially strong support. It is expected that the pair will continue to rise and reach the psychological level of 2900 in the near future.

linofx1 Updated 

I have seen a promising bullish pattern on hourly time frame on 📈Gold. Following a new higher high, the market started a correctional movement within the expanding channel, known as a bullish flag pattern. Bullish breakout of the resistance of the flag is a strong bullish trend-following signal that indicates the strength of the buyers. It is highly likely...

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The dollar index has reached a significant upward trend line. Following a sharp decline, the market appears to be overbought, with the formation of a cup and handle pattern indicating weakness in seller's activity. I anticipate a retracement to 108.79.