GBPUSD is currently testing an important level of support on a short-term chart. To consider shorting the pair, look for an ascending triangle pattern on a 4-hour timeframe. A confirmation signal would be a breakout above the horizontal neckline, specifically a 4-hour candle closing above 1.2616. If this occurs, consider aggressively shorting the market or...
The price of SILVER appears to be bearish following a test of significant resistance levels, based on a horizontal and vertical trend line. Initially, the pair traded within a range before dropping sharply after testing a downward trend line. This move broke through the support of the trading range with a strong bearish candle. It is likely that the price will...
The Dollar Index is currently trading in a strong bullish trend on a daily, moving steadily within a rising parallel channel. There has been a significant breakout above a key resistance level, following a test of the lower channel boundary. Given the long-term bullish trend, it is likely that the market will continue to rise. The next targets to watch for are...
DogeCoin has been experiencing a significant bullish trend in its daily chart. Over the past week, the coin had been trading in a sideways pattern on a 4-hour chart. However, with a strong bullish movement today, the price broke above the resistance level the range, demonstrating the dominance of buyers and suggesting a likely continuation of the bullish trend....
I previously predicted a rise in the XRP market, and I am seeing further confirmation of a bullish trend. The price has broken through a strong horizontal resistance level on a 4-hour chart, indicating potential for further gains. Buyers may now be targeting levels of $1.6000 and $1.7000 as their next goals. If the price remains strong at these levels, it...
The NZDUSD pair recently broke and closed below a key intraday support level. After breaking the support, the market retested it and entered a consolidation phase. A bearish breakout from this consolidation range confirms a strong bearish trend, increasing the likelihood of further declines. The target for this downward movement is set at 0.5802.
The EURAUD has formed a significant head and shoulders pattern on the daily chart. There has been a clear violation of the neckline with a daily candle closing below it. This suggests that the pair is likely to decline further, with the next target being 1.6045.
XRP is currently experiencing a strong bullish trend, with the coin surpassing and closing above a horizontal resistance level on a daily. After retesting this broken level, the price has formed a symmetric triangle pattern on a 4-hour time frame. The breakout of this pattern's resistance line seen as a significant bullish signal for intraday trading. I...
I see multiple bearish clues on 📉EURGBP. The price has formed a double top and a rising wedge pattern on the 4-hour chart, and has broken below the neckline and trend line of both patterns. These signals suggest that the market may be heading towards a bearish trend. I anticipate a continuation of this bearish movement towards 0.8306.
Update on Gold 📈 The setup we posted earlier is no longer valid as the Gold price failed to break the neckline of the double top. Now it appears that Gold may be getting ready for a bullish trend. Analyzing the 4-hour time frame, we spotted a descending resistance trend line and a confirmed break above it. The key level for buyers to overcome is the support...
Look at the expanding supply zone on SILVER. The highlighted yellow area is formed by a recently breached neckline of a head and shoulders pattern and an upward channel trend line. I anticipate that the next downward movement could start from this zone. Target price next - 30.60
GOLD is currently trading in a unique area where a horizontal supply area has been recently broken and there is also a falling trend line. I anticipate a bearish accumulation in this specific area. To confirm a short position, look for a double top formation on the 1-hour time frame with a neckline between 2626 and 2620. Wait for a bearish breakout with an hourly...
Bitcoin successfully broke out of the symmetric triangle pattern and surpassed the dynamic resistance line. The crucial level to monitor now is the all-time high. Sustaining this level could lead to a significant bullish rally akin to previous trends, but failure to do so could result in a decline. If a pullback occurs, the $90k minor support area may offer...
We spotted a clear bearish breakout on EURJPY. The price has dropped below a significant daily support cluster after breaking out of a bearish wedge pattern. Upon retesting the broken structure, there has been a strong bearish response. I anticipate that the downward trend will persist. The next support level to watch for is at 162.19.
Last week, the hamster price broke through and closed above an important horizontal resistance. Currently, the price is testing the broken structure. There are indications that suggest a potential significant move from the critical support level at $0.0038. The bullish flag pattern that has been monitored is nearing a breakout above the descending resistance...
There is a possibility that GBPCHF will keep falling after testing a significant daily resistance level. A break below the support line of a bearish flag indicates a strong confirmation of a bearish trend. It is likely that the price will decline to the 1.1217 level.
X Empire, after a robust bullish rally, is now undergoing a bearish correction and moving within the bearish channel of a bullish flag pattern formed on the 4-hour time frame. The price is nearing the upper boundary of the channel. If there is a successful breakout, we can anticipate an upward movement of at least 100%. To confirm bullish momentum, the coin must...
Silver is currently trading in a downward trend. The price is consistently falling within a parallel falling channel on a 4-hour chart. After testing the upper boundary of the channel, the price dropped and broke a strong support level. Currently, there is a retest of this broken level. It is likely that the price will continue to decline, with targets set at...