linofx1

linofx1

Yesterday, 📈EURAUD experienced a sudden increase and broke through a resistance line within a horizontal consolidation range on a 4-hour timeframe. This development suggests the possibility of continued growth, with the next resistance level being at 1.678.

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The EURUSD is starting to bounce back after a long period of downward trend. There is a clear indication of a bullish breakout above an important daily/intraday resistance level, showing the dominance of buyers in the market. Following the trend, I anticipate a potential bullish movement from the highlighted blue zone. ⚠️I suggest considering buying EURUSD...

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The Dollar Index experienced a significant decline on Friday, with the market violating a key support level. The previously intact range of 107.99 - 107.75 is now acting as a resistance zone. I anticipate a downward trend towards the 107.23 level.

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AUDUSD successfully broke through a key supply area with a strong bullish candle on a 4-hour chart. The pair is expected to continue its upward movement, with the next obstacle at 0.6350.

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Let's examine the price movement of 📈GBPAUD. Initially, there was a significant downward movement on the daily chart. Subsequently, the market lost momentum and the price began to trade within a tight horizontal range. Following a period of consolidation, the upper boundary of the range was violated. This indicates a show of strength from buyers and suggests a...

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It appears that GOLD is poised to retest its all-Time high. Gold broke through a significant intraday resistance and closed above it on a 4-hour timeframe. There is a strong likelihood that the price will continue to rise towards the resistance level set by the current All-Time High.

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Silver is currently trading within a tight horizontal range on a 4-hour chart. To confirm a bullish trend, it is recommended to wait for a break above the upper boundary of the range. A 4-hour candle closing above 31.00 would confirm a the violation, with a potential continuation to at least 31.43. On the other hand, a break below the support of the range...

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The CADJPY pair has strong potential for upward movement following a breakout above a significant intraday resistance level. The previously broken structure has now become a level of support, indicating a potential bullish trend towards 109.47.

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USDJPY is showing signs of a turnaround after a long period of decline. A clear bullish breakout above an important intraday resistance level indicates strong buying pressure. I anticipate further recovery in the market, with a potential target of 157.10 in the near future.

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Gold broke and closed above a significant resistance level on a 4H timeframe. Taking into consideration that the market is currently rallying, this breakout could lead to another wave of bullish momentum. I predict a further increase in price to 2770.

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We have been keeping an eye on the 📉CHFJPY setup. The price broke through both the neckline of a cup & handle pattern and a resistance line of a falling parallel channel on a 4-hour chart. The broken horizontal support and trend line now form an expanding demand zone. It is highly likely that the price will increase to at least the 173.00 resistance level.

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The NZDCAD pair appears to have been heavily sold off following a significant test of a key resistance level. A descending triangle pattern has now formed after this test, indicating strength in selling pressure with a breach of the horizontal neckline. It is likely that the price could decline to levels between 0.8099 and 0.8088.

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Gold experienced a sudden increase in value yesterday and is now nearing a strong horizontal resistance cluster. To anticipate a further upward trend, keep an eye on the 2716 - 2725 range. If the price broke and closes above this range, it is likely that the market will continue to rise significantly. A bullish trend is expected to reach at least the 1750 level.

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Gold is likely to continue falling from a significant resistance level on a 4-hour chart. After the market opened, a cup and handle pattern formed on a 4-hour time frame, with the neckline being broken during this Asian trading session. The price may soon reach the 2677 support level.

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ETHEREUM has been struggling since mid-December, with the market showing a slight bearish trend and forming a falling contracting wedge pattern. A significant rejection occurred at a confluence zone created by the trend line of the wedge and a horizontal demand zone. Currently, the market is consolidating within the wedge. A potential bullish breakout above...

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USDCAD has been in a long-term bullish trend. Since the middle of December, the pair has been consolidating within a horizontal range. Last week, the price broke above the range's resistance. This violation will most likely trigger a trend-following movement. The next resistance level to watch is at 1.4554.

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Following a strong upward trend in Bitcoin this week, the price reached the resistance line of a rising parallel channel and began to retrace. I see a classic support cluster forming within a horizontal range and the support line of the channel on a 4-hour timeframe. Currently, the market is testing this zone. I predict that there will be a bullish rebound...

linofx1 Updated 

Bitcoin fell to an important daily support level yesterday. After observing how the price reacted, I noticed a double bottom pattern on the 4-hour chart. The price has since broken above the neckline of this pattern and is now undergoing a retest. I anticipate that the market will soon rebound to at least the 102,182 level.