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Consolidation

EURUSD → Retest of resistance leads to new sales FX:EURUSD is forming a retest of resistance of the descending price channel. On the senior timeframe (D1) the preconditions for further sell-offs are forming The market is in the bear market phase. The resistance retest forms a consolidation of the price below the level, which forms a bearish potential before the further fall. At the moment, the fundamental background of the TVC:DXY is quite strong and thus, the Euro will weaken against it, which is what we see. On the monthly chart the price is testing an important support level. On the background of a strong fall, a false breakdown may be formed, which may be followed by a correction. The market cannot fall all the time and at some time EURUSD may go into the phase of consolidation (correction or flat formation). Moving averages act as resistance. Support levels: 1.05000, 1.0557 Resistance levels: 1.0610, 1.0635 I expect the continuation of the fall to the mentioned support area with the subsequent breakout and further fall to 1.0350 Regards R. Linda!
Short
by RLinda
27
GOLD →The market doesn't feel supported. Further ↘︎OANDA:XAUUSD is in a strong distributive phase, the price is not even stopped by the 1885 level (liquids area). The price is updating the low amid negative fundamentals, as evidenced by strong weakness from buyers On Wednesday, the market forms a paranormal candle, the closing of which suggests the continuation of the fall, the local level of 1875 and 1872.58 is formed. If this zone is overcome and the price consolidates below this area, a bearish potential will be formed. But before the further fall, the market-maker may make a rebound to increase the liquidity. In the correction phase the price may reach such zones as: 1880, 1885 !!, 1890. But, it is worth paying attention to the D1 chart, the price is breaking the support of the symmetrical triangle, now the market has entered the phase of realization of the accumulated potential. On the background of bullish news for the TVC:DXY , the XAU price entry into the empty range can only accelerate its fall to 1800. This level is the nearest significant one. At the moment it is difficult to talk about buying, the medium-term market is ready to fall. We continue to follow the price Support levels: 1875, 1872,5 Resistance levels: 1880, 1885, 1890 Market is red, DXY is being pushed up on the back of unstable inflation. Gold is not feeling strong support levels, suggesting weak buying power OANDA:XAUUSD COMEX:GC1! COMEX_MINI:MGC1! OANDA:XAGUSD COMEX:SI1! TVC:DXY Regards R. Linda!
OANDA:XAUUSDShort
by RLinda
24
PEOPLEUSDT → A break of resistance opens up the new range BINANCE:PEOPLEUSDT forms a local bottom, breaks the resistance of the descending wedge and one of the key levels within the realization of consolidation. A new corridor is opened As BINANCE:BTCUSD tests a local high near 26800, an altcoin reaction is forming. Even though the SEC has postponed the adoption of BTC-ETF indefinitely, the market is getting a small influx of assets. Our attention is drawn to PEOPLE. The price breaks the wedge resistance and continues to form a consolidation in a weak market. Finally, the coin breaks through the key, for now, level of 0.01022. Consolidation of the price above the level will form a bullish potential, which my move into the phase of realization and within the medium-term perspective PEOPLE / TetherUS can reach 0.01433 and 0.0185. Altcoins have been strongly consolidating their energy lately, something may happen soon. Support levels: 0.01022, 0.00846 Resistance levels: 0.01433 I expect the price growth to continue after consolidation above 0.01022 level. Regards R. Linda!
Long
by RLinda
17
💱EURUSD - Consolidation is being formed for support breakout EURUSD on the background of a quick retest breaks the key support and forms consolidation. A potential is formed, within the framework of the realization of which the price can quickly reach 1.0536 TA on the high timeframe: 1) Strong bearish trend continues 2) A retest of the support at 1.0635 breaks the level 3) Price opens a corridor to fall to 1.0536 TA on low timeframe: 1) Pre-breakdown consolidation is formed 2) The market enters the phase of realization of accumulation after breaking the support at 1.0635. 3) Consolidation of the price below the level will form a sell entry point 4) After the FED news, the currency pair may fall to 1.0536 after breaking 1.06350. Key support📉: 1.06350, 1.0617 Key resistance📈: 1.0642, 1.0664
Short
by AndeWave
6
💱 EURAUD - The market is preparing for further decline EURAUD is forming a local flat after breaking through 1.6658. The market is forming a retest of support, but there will be a chance of a breakout if the price comes back again after a small rebound TA on the high timeframe: 1) We have a bearish trend 2) A pre-breakout consolidation is forming near 1.64975 3) Another support retest may break the level and form an impulse to 1.61900 TA on the low timeframe: 1) Price is descending in steps within the bearish channel, which indicates a strong trend 2) Support at 1.64885 and multiple retests of it are forming. 3) The market is preparing to break this line and further fall. 4) The sell signal will be a retest and consolidation below the support level Key resistance📈: 1.66122 Key support📉: 1.64885
Short
by AndeWave
4
USDJPY → Ascending triangle will provide bullish momentum FX:USDJPY is strengthening on the background of the dollar indices growth. The currency pair continues to form a bullish price channel and in addition forms a pattern, which may form a bullish impulse in the near future. On the chart I have marked an ascending price channel, its structure plays a key role in the current pricing of the forex currency pair. An ascending triangle was formed relative to the level of 147.800. The set-up of this triangle can be explained as a provocation of buyers relative to the limit resistance level put up by the market maker or big sellers. The market continues to pressure this area. The very figure of ascending triangle was formed in the moment of local correction of dollar index. In the near term, I expect another retest of 147.816 followed by a breakout of resistance. Support levels: 147.00, 146.150 Resistance levels: 147.816 I expect a breakout of this resistance with the subsequent formation of a medium-term upward movement to 150.00. Regards R. Linda!
Long
by RLinda
12
GBPUSD - See how looks the BIG PICTURE?! Hello traders, investors and community! Today i am analysing GBPUSD in the short, middle and long term! Looking on the weekly chart for a overall perspective you can see on my chart that GBPUSD made a huge sellout from october 2007 to January 2009. After this it formed a triangle from january 2009 to march 2015 which you can see in blue on my chart, this triangle broke out to the downside and formed the second sellout from march 2015 to october 2016. Now we see an interesting chart formed in the past with a second triangle. Short-term perspective: On the chart you see now that GBPUSD is just at the beginning of the C-line from the triangle (Third triangle move). On the short-term this is definitely a good possible opportunity to trade on the LONG side! Middle-term perspective: The second triangle is just in progress now. And i am expecting that it will form in the next weeks/months. The outcome of a triangle is always unsure, wether it breaks to the upside or to the downside. Normally it moves in the direction formed before, with a probability of 70 to 30. Long-term perspective: In the long run i see that GBPUSD is in an decision phase now, with a consolidation over a psychological level which will happen the next months. After this the triangle will probabily break-out, wether up or down. Normally, it should break down because GBPUSD made wo huge bear-moves before. The probability would be 70 % for this move to the downside, otherwise to the upside with a probability of 30 %. This is a good example for consolidation periods and the outcome will be interesting! The triangle can be traded on own risk, of course this is only educational and should not be used to take action in the markets! Thank you everybody for watching! Peace and love to everybody! Crypto, forex, stocks, give me anything, i will make it clear!
Long
by VincePrince
1
💱GBPJPY - A retest of support could strengthen the price GBPJPY is forming a counter-trend correction on the background of the upward bullish trend. Within the correction and descending price channel, a bullish reaction is possible when support is retested TA on the high timeframe: 1) resistance line at 183.76 was broken earlier 2) Bulls are trying hard to hold this area. A false breakout may follow on the back of weakening GBP, but a surge in liquidity may push the price up TA on the low timeframe: 1) A correction forms after a breakout of the ascending price channel 2) The correction is formed within the descending price channel 3) Price may soon test the support area at 183.09 4) From the support, on the background of the global bullish trend, we can expect growth. Key resistance📈: 185.25 Key support📉: 183.09
Long
by AndeWave
11
GOLD → The scenario is confirmed. XAU turning red OANDA:XAUUSD is breaking support, MA50 & MA200 and is building momentum, making local lows along the way. Back in Sunday and the first two days of the new week, I talked about an impending fall from 1950. What happened? We see a 250 pip drop. After the retest of 1926, a new bearish impulse is forming. The local resistance level is doing its job. It is not certain, but the price may return to 1926 or 1932 for a retest before a further fall. On Sunday, at the global OANDA:XAUUSD review I talked about an impending decline as the price is testing the resistance of the global descending channel. On the local timeframe, this is all confirmed. The market could define the following zones as local and global targets: 1916, 1903, 1885. I expect the continuation of the fall both in short-term and long-term perspectives. Moving averages demonstrate stopping and change of trend. A strong medium-term signal may be formed in the near future. Support levels: 1916, 1914, 1903 Resistance levels: 1926, 1928, 1932 I expect a continuation of the fall based on the assumptions mentioned above and in earlier ideas. COMEX:GC1! OANDA:XAUUSD CAPITALCOM:GOLD TVC:DXY Regards R. Linda!
OANDA:XAUUSDShort
by RLinda
22
BELUSDT → Moving into the realization phase of consolidationBINANCE:BELUSDT feel better than the same BITSTAMP:BTCUSD which is preparing to fall. The weak market and red bitcoin speaks volumes, but at the same time there are coins in the market that can show good potential On the BINANCE:BELUSDT chart, I pointed out the descending triangle and we see the breakdown of the main scenario and purpose of this pattern. The price is breaking the resistance and trying to form an impulse. The market is moving into the phase of realization of the accumulated potential and only 0.6894 area separates us from the distribution. If this resistance is broken, a rather active bullish impulse to 0.9000 or even to 1.2000 may be formed. In the near term, the price may move into local consolidation between the previously broken triangle boundary and 0.6894. Another retest of the resistance may lead to its breakout and impulse. The price is testing MA-200. There may be a retest after the pullback. Support levels: 0.6210, 0.564 Resistance levels: 0.6894, 0.7150. I expect consolidation and retests of 0.6894. One of the next retests may lead to a breakout of this resistance, which will form an impulse to the above targets. Regards R. Linda!
Long
by RLinda
11