Currently trading in a Rectangular ChannelGOLD Analysis
CMP 2953.190 (03-08-2025 02:35AM PST)
Still Bullish on Bigger time frames.
Currently trading in a Rectangular Channel
with Immediate Support around 3260- 3270 &
Immediate Resistance around 3455 - 3460.
Weekly candle closing above 3340 - 3345 would
be a positive sign.
If this level is sustained, we may witness 3600 &
then 3800+
In Case of Extreme Selling Pressure, 3260 may break
& then the price may touch 3050 - 3100
Rectangularrange
GBPJPY - New Breakout 📈
Hello Traders !
As We Talked in The Previous Analysis:
The GBPJPY Price Reached a Daily Support Level (180.750 - 180.093) and Broke The Resistance Line
Currently,
The Price Created a Rectangular Range.
The Upper Resistance is Broken.
So, I Expect a Bullish Move📈
i'm waiting for retest...
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TARGET: 185.920🎯
CADCHF - BULLISH MOVE
As We Talked in The Previous Analysis:
On Thursday 19 Oct, The CADCHF Price Reached a Support Level (0.64800 - 0.64950)
The Price Created a Rectangular Range.
The Upper Resistance is Broken.
Currently,
The Price Created a Correction and Touched The Support Level!
and Now it Will Continue its Bullish Movement !
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TARGET: 0.65980🎯
USDPLN Short ScenarioGood afternoon traders!
So far I have found only a short scenario on this pair, perhaps a long scenario may emerge once price breaks out to the upside of the rectangular range; until then, however, I remain relatively quite bearish.
It will be interesting to hear your views. Cheers.
All the best!
EUR/USD breaks support with a high probability to trend lowerAfter forming a rectangle pattern, EUR/USD has seemed to have finally broken down on a fairly good amount of volume and with bulls taking control of the market it's fair to say a downtrend may be just around the corner, as well with the MACD crossover below the center line it's a good confirmation of a new downtrend
AUDCAD : Rectangular range formation - Breakout soon ?AUDCAD is ranging for past 24hours in hourly timeframe, so I expect a breakout out of this rectangle. We can enter the breakout direction once we have valid confirmation. Keep this AUDCAD in your radar and watch closely, enter on the breakout with stops.
Happy Trading !