There is a strong likelihood that 📈GBPUSD will retrace from an important horizontal level seen on the daily and intraday charts. After testing this level, I spotted solid confirmation through a double bottom formation and a breakout of its neckline. I anticipate a bullish movement targeting at least 1.2664.
INSPECT shows several optimistic bullish clues after testing a significant ascending support trend line on the 4-hour chart. Analyzing the chart, it is evident that the price formed a cup and handle pattern and has violated its neckline, demonstrating a bullish imbalance, along with a confirmed breakout from a descending parallel channel. Additionally, a...
AUDCHF finished a period of consolidation by breaking through a resistance level in a broad horizontal range on the 4-hour chart. This could lead to further upward movement, with the possibility of reaching at least 0.5721.
I spotted two clear signs of a bullish trend continuation on 📈Suipad after it retraced to a key horizontal support level that had been broken recently. The price went up and broke through both the neckline of a cup and handle pattern and a resistance line of a falling wedge pattern. We can expect a bullish movement towards levels 0.14 and 0.18 now.
Following a recent bearish movement, 📈XRP corrected to a significant support level that was previously broken. Look out for a bullish flag pattern on the 4-hour chart for potential buying opportunities based on the current trend. Confirmation of a potential upward movement will be a candle closing above the resistance level of the bullish flag Once this occurs,...
CADJPY was consolidating within a horizontal range for more than a week before a significant news release yesterday caused the pair to become more bullish. The price successfully broke above a resistance level on the range on 4-hour timeframe. It is likely that we will see an bullish movement next, with the next resistance level to watch for at 108.49.
We spotted two strong bearish confirmations on 📉EUR/USD chart. This occurred after a brief pullback to a key horizontal resistance level that was recently broken. The price has since dropped below both the neckline of a cup and handle pattern and a support line of a rising wedge pattern. As a result, we can expect further downward movement towards a new lower low.
Gold had been trading within a range on a 4-hour time frame since the end of November. The recent bullish movement in the market caused the price of Gold to break above the upper boundary of the range, indicating a potential for further bullish momentum. The targets for this bullish continuation are set at 2687 and 2705.
⚠️SILVER is trading in a bullish trend, moving within an ascending parallel channel on a 4-hour timeframe. The price has broke and closed above an important daily resistance level. This breakout serves as a powerful bullish signal, potentially driving the market significantly higher. It is expected that the price will continue to grow within the limits of the...
The 📉USDCHF formed a huge head and shoulders pattern on the 4-hour chart. Following the release of US economic data on Friday, the price declined sharply, breaking through the pattern's neckline. Later that night, the price effectively retested the broken neckline and confirmed resistance at that level. We can now expect a continuation of the bearish...
Check out 📈GBPUSD. There are clear indications of a bullish reversal on the 4-hour chart: the price formed a significant inverted head and shoulders pattern, and both the neckline of this pattern and the resistance line of a descending parallel channel have been violated. I expect the price to rise from here. Target: 1.2833
Here's a brief update on ⚠️DOGS: Since my last analysis on DOGS, the market has formed a clear bullish pattern known as the ascending triangle on the daily chart. This pattern indicates a bullish accumulation phase and suggests a strong possibility of a subsequent upward movement. To confirm our approach, we will wait for a bullish breakout above the...
In our previous analysis on 📉Dollar Index we noted a persistently bearish outlook. The price has broken a rising trend line and the neckline of a double top on the 4-hour chart. Currently, it is testing the confluence zone created by these broken structures. There is a strong likelihood that the pair will experience a decline shortly, with target levels at...
Even though, 📉FAKEAI is trading in a long-term bullish trend, we can not deny the following bearish clues: ↪️First, the pair violated a support line of a rising wedge pattern and closed below that on a 4H chart. ↪️Second, the price formed a descending triangle formation and broke its neckline as well. We have 2 important bearish confirmations now. The market...
Bitcoin has shown a strong bullish pattern on the 7-hour chart, specifically an ascending triangle which indicates bullish accumulation and has broken through its resistance. The current setup includes a trend line and a broken horizontal structure forming a contracting demand zone. It is likely that the bulls will continue to drive prices higher.
I see a clear sign of a bullish trend continuation on 📈Cardano, following a pullback to a key horizontal support level that was recently broken. The price has rise and violated the resistance line of a descending wedge pattern. This suggests that we may see a continued upward movement towards a new high.
Another chance to sell today is on the EURUSD pair, which has recently tested a significant daily resistance level and formed a double top pattern on the 4-hour chart. The broken neckline of the double top has been retested, indicating a potential further decline in price. The pair is expected to reach the 1.0453 level in the near future.
Silver formed a significant inverted head and shoulders pattern on the 4-hour chart. The market saw a strong bullish movement this morning, breaking through both its neckline and a solid downward trend line. These broken structures now make up an expanding demand zone. I plan to enter a long position from this zone, expecting a bullish trend to continue up to...