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Rlinda

ADAUSDT → Change of character, are the bulls coming back? ↑ 0.77BINANCE:ADAUSDT forms a change of market character, and also breaks the resistance of the wedge. Regarding the reversal zone on W1 a false breakout is formed. The coin may move into the realization phase. The token is lagging behind the overall capitalization and market movement, still in the consolidation phase, the boundaries of which are 0.2392 (0.4) - 0.777. In the distribution phase, ADA has chances to recover. At the moment we should consider trading inside the range and after confirmation of the formation of an intermediate bottom above 0.4 (consolidation above this zone) the market will define a new range for itself. 0.4 - 0.77. The potential in this case will be the corridor with the width of 93%. Technically, if the bulls hold the price above 0.4, it will be a good signal for the price distribution to 0.52, further to 0.678. Support levels: 3775, 0.400 Resistance levels: 0.42, 0.522 The bearish wedge is a strong technical pattern, capable of turning the market, but in order to start the realization, the bulls need to take the defense above the key zone, in our case it is 0.400. With Respect R. Linda!
Long
by RLinda
8
USDJPY buyUS dollar vs Japanese Yen as we can in our chart the is pair is moving in a channel and we are seeing a potential buy side move keeping in view this situation we uphold that the pair can reach to the 162.450 level and then may be rejected from this level because of its historical significance and also the level is formed over weekly time frame and market has been rejected historically two times from this significant level if market is not rejected from this resistance level and breaks this level then it could reach Monthly Resistance level so keep watching the market
Long
by Wakeel_Saab
XRPUSDT → The coin shows strength and bullish activityBINANCE:XRPUSDT is strengthening. The coin is setting up for a possible renewal of the global high, but at the same time, there are no prerequisites for a price exit from the channel right now. The price is testing the moving averages. After a false breakout or touch, there is a strong bullish reaction. BINANCE:XRPUSDT continues to recover. A "Flag" pattern is forming on H1. There is a possibility of further growth The price obtains a local uptrend line support, which is contiguous with the SMA-200, which only strengthens the line. Consolidation between the levels 0.5078-0.5590 is forming. In the near future the price may test the resistance. Strong support: 0.5078, moving averages Strong resistance: 0.5590, channel resistance. Weekly timeframe shows that the price overcame the strong resistance and the realization of the accumulated liquidity is expected in the nearest future. I stick to the opinion, that we will go up to 0.5590 and to the channel resistance. Regards R. Linda!
Long
by RLinda
17
GOLD → False break of resistance could lead to a fall to 1939OANDA:XAUUSD is still under bearish pressure. A false break-down of the triangle resistance makes the price prepared for a further decline to 1939. What to expect from the price today? The U.S. is having a day off today, so there will probably not be much volatility. The dollar index has been slowly strengthening since the opening session, which could cause the gold price to fall to 1939. On Sunday, I did a review on the global gold situation and at this point, there is a lot of suggestion that gold could break 1939 support. Locally, the technical analysis shows the same situation. Until the bulls are able to break the resistance of the triangle, the situation will not change, but if the buyers can break through this area, the price will reach the resistance of the 1984, very quickly due to liquidity. Resistance levels: the upper boundary of the triangle, 1963, 1984 Support levels: 1953, 1939 I expect price to decline to the support of the figure for another retest. But if the price tries to break the resistance (as there might be a strong consolidation as a reason for that), then the situation will change and it will be necessary to consider long positions to hold for 1984. Regards R. Linda!
OANDA:XAUUSDShort
by RLinda
30
CADCHF → Price is squeezing to 0.68000FX:CADCHF is forming a trend change. On the chart, we see an upward price channel, within which the price rests against the key resistance at 0.68000. What can we expect from the price in the nearest future? Resistance at 0.6800 has been forming since the end of March and has numerous confirmations. We can interpret the price squeeze to the level as consolidation of the buyers and gradual readiness of the market to break through this area in order to strengthen the price. Earlier there was a false breakdown of the trend support, after which the price forms an active bullish impulse. Support levels: lower trendline, MA-50, 0.67630, 0.67194. Resistance levels: 0.68030, 0.69312 I expect that gradual rise in price to the resistance level after the next retest will break this area and the bulls will be able to continue the growth with the aim to reach the level of 0.69312. Regards R.Linda!
by RLinda
18
GOLD → Bears continue to press the marketOANDA:XAUUSD had a nice bullish momentum last week, but after the false break-up of the triangle resistance, you might take a different view. What should we expect from the price in the next trading week? The FED is not in a hurry to cut the rate, and some officials say that inflation is still high and it is worth expecting for the interest rate increase. From the technical analysis point of view we see the formation of the global triangle, which is put on the base of the ascending price channel. At the moment the market is under the pressure of the bears, a false break-down of the pattern support gives a strengthening of the price, but the resistance is not broken. Buyers are still weak. Another retest of pattern support could cause price to break not only triangle support but also price channel support. The bullish outlook is weak within the boundaries of the triangle. Only if price breaks triangle resistance can we see a change in the local trend and a rise to 1984 or to 2000, but only if the dollar weakens further. In the coming week, such fundamental data is published as: Monday, June 19, 2023 Monday is a "Juneteenth" day off in the U.S. Tuesday, June 20, 2023 Building Permits measures the change in the number of new building permits issued by the government. Building permits are a key indicator of demand in the housing market - analysts expect a bullish reading Wednesday, June 21, 2023 Federal Reserve Chair Jerome Powell (Feb. 2018 - Feb. 2022) is to testify on the economic outlook and recent monetary policy actions before the Joint Economic Committee, in Washington DC Thursday, June 22, 2023 Initial Jobless Claims measures the number of individuals who filed for unemployment insurance for the first time during the past week. This is the earliest U.S. economic data, but the market impact varies from week to week. Existing Home Sales measures the change in the annualized number of existing residential buildings that were sold during the previous month. This report helps to gauge the strength of the U.S. housing market and is a key indicator of overall economic strength - analysts expect declining Federal Reserve Chair Jerome Powell (Feb. 2018 - Feb. 2022) is to testify on the economic outlook and recent monetary policy actions before the Joint Economic Committee, in Washington DC The Energy Information Administration's (EIA) Crude Oil Inventories measures the weekly change in the number of barrels of commercial crude oil held by US firms. The level of inventories influences the price of petroleum products, which can have an impact on inflation. Friday, June 23, 2023 The Service PMI release is published monthly by Markit Economics. The data are based on surveys of over 400 executives in private sector service companies. Fundamentally, last week was bearish for the dollar and bullish for gold. The coming week is expected to be a volatile one. If last week's momentum continues, gold might well break the resistance and start the strengthening phase. But at the moment there is a clear bearish outlook on the chart. If this is confirmed by a break of the trend base, the price might head towards 1907-1895 Regards R. Linda!
OANDA:XAUUSD
by RLinda
20
GOLD → What can the resistance retest lead to?OANDA:XAUUSD makes a predictable false breakout. After a liquidity grab and a surge in volume, the price makes a return to the range and rallies to resistance. What could happen in the 1965 area? A weak dollar could be an advantage for gold and allow it to overcome strong resistance A false breakout is forming. The bulls hold the price above the 1939 level. After the liquidity absorption, a rally is formed, which could continue if the price breaks through triangle resistance. A consolidation above the line would be a signal. But again, the said resistance line is a strong zone and could quite easily push the price down to 1939. We need to watch the price reaction to the resistance MA50 is support and MA200 is resistance Support levels: 1939, 1952 Resistance levels: 1965, triangle resistance I expect gold may try to break the resistances. From this attempt one of two scenarios can develop - growth after breakout or false breakout and fall to 1939. Regards to R. Linda!
OANDA:XAUUSDLong
by RLinda
17
GBPCAD → Breaking a strong trend. The bulls are active FX:GBPCAD is exiting the downtrend and heading to test the strong resistance area of 1.69178. In the market is expected an increase in volumes and struggle between the buyers and sellers. The currency pair is trading in the liquidity area of 1.69178. There is a chance that the price won't be able to break it at the first time and may form a pullback to the nearest support 1.68500, but in the medium term after the pullback it is worth waiting for growth. The bulls will try to gain control over the area of 1.69178, if the attempt is successful, we might see a strong counter-trend growth towards 1.70436. A consolidation of prices above the level will be a signal for buying. SMA - act as a strong support Support levels: 1.68500, earlier broken channel boundary Resistance levels: 1.69178, 1.70436 Up to resistance 1.70436 is a free zone. If the bulls take control of 1.69178, the rise could be quite fast. We expect strengthening of the currency pair Regards R.Linda!
Long
by RLinda
8
GOLD → Broken strong support. Bears are gaining strength OANDA:XAUUSD continues to give up positions. Negative fundamental background gives itself and the price breaks the support of the pattern. Yesterday we prepared for it. What to expect from the price next? The fundamental data for today: Core Retail Sales - weak data Initial Jobless Claims -no data Philadelphia Fed MI - weak data expected Retail Sales - weak data expected In the backdrop of these nuances, there is a chance that the dollar could get weaker and gold could go back above 1939. But we have to understand the unpredictability of the news. From the TA point of view, the bears are breaking the bullish support of 1939 and going down to 1930. At the moment a retest of the previously broken support is forming and if the bears hold that area, the fall will continue. The price might head towards 1914 and towards 1885. Also worth looking at the W1 time frame. It is breaking the strong support and If gold takes hold below 1936.8, it might start a new bearish phase. SMA- strong resistance. Strong support: 1914, 1885. Strong resistance: 1939, 1960 The technical analysis says that the price might continue falling after the retest to 1939, but if the fundamental data is bullish, the gold might rally to 1960. Regards R.Linda!
OANDA:XAUUSDShort
by RLinda
16
GBPUSD → False breakdown. Low chance for a trend change OANDA:GBPUSD is retesting resistance at 1.26800. A false breakout is formed, which starts a technical pullback in the form of a correction to the previously broken border of the uptrend channel. Yesterday's FOMC data has strengthened the dollar and the currency pair OANDA:GBPUSD is weakening to 1.26300. Interest rate was left unchanged. Important fundamental data is also released today: Core Retail Sales - weak data. Initial Jobless Claims - no data Philadelphia Fed MI - weak data expected Retail Sales - weak data expected If the data proves to be correct or if it is released worse than expected, the dollar may weaken and we will see OANDA:GBPUSD rising TA: The price might test the 1.26100 area and start the next strengthening, but if it slides under and breaks the support at 1.25966, the correction will continue to 1.24868. SMA is a strong support. Strong resistance: 1.26800 Strong support: 1.26100, 1.25966 I expect correction to the earlier broken border of the channel, but I will expect continuation of growth from the support area. Regards R. Linda!
Long
by RLinda
9
GOLD → The triangle puts pressure on support 1939Gold continues to decline, but the bulls are still holding the 1939 support area. A global triangle is forming, which shows us the pressure from the bears. The price continues to test 1939, but it cannot overcome the resistance, even when the fundamental data is released. Today's releases are: PPI (MoM) (May). FOMC Economic Projections FOMC Statement Fed Interest Rate Decision FOMC Press Conferenc The overall numbers may be weak for the gold, as the rate is likely to stay the same, or may increase (the interest rate for that is low). From the technical analysis point of view, we see a descending triangle, which might lead the price to break the support. The moving averages act as resistance. Strong support: 1939. Strong resistance: 1965, 1984 I expect the gold to continue in the range for some time, but in the mid-term, the price is expected to decline after breaking the support of 1939. Also, the fundamental data can have a drastic influence on the situation, and a break-down of the triangle resistance will send the price to 1984. Regards to R.Linda!
OANDA:XAUUSDShort
by RLinda
27
GBPAUD → Breaking of the trend, but a sideways range is forming GBPAUD is forming a sideways range of 1.9000-1.8600. There was an attempt to break through the support at the bottom, but on the retest the price returned in the range boundaries. The price may test 1.86000 area and either make further growth to the nearest resistance or go down. Consolidation is formed above the support level 1.86094, in fact, a signal to open a long position is formed. Since there is no clear trend and the market is in a neutral direction, it is possible to buy from support and sell from resistance in a range trading strategy. Moving averages act as resistance and this is worth paying attention to. Strong support: 1.86094. Strong resistance: 1.87738. The priority is to expect a continuation of the fall, because earlier the uptrend was broken. But the price forms a sideways range and we have the right to buy from the support, the nearest target of such strategy could be the level of 1.87738. Regards R. Linda!
by RLinda
7
GOLD → Breaking through strong resistance. What to prepare for? OANDA:XAUUSD continues to consolidate in the 1984 -1935 range while forming a local flat. The price breaks the resistance of the global pattern and gets a strong bullish signal. On D1 we see the formation of a wedge, a strong enough pattern that is capable of forming awesome impulses. Price breaks the resistance and consolidates above the upper boundary of the pattern for several days. On the 4-hour timeframe, price is in consolidation 1965-1954. A resistance retest is forming and there is a strong possibility that price could break that line. On the H1 MA-200 and MA-50 we got a bullish signal. On H4 the MA-50 acts as support. Strong support: 1954, MA-50, the previously broken wedge resistance Strong resistance: 1965 I expect that after the next retest of the resistance 1965, this level will be broken and we will see the growth towards 1981 and to 2000. Regards R.Linda!
OANDA:XAUUSDLong
by RLinda
21
GOLD → the price is practicing the "Wedge" pattern Gold breaks the wedge resistance, prolonged consolidation above this figure forms a good momentum which can be used to open long positions. The price has consolidated above the descending wedge resistance for quite a long time. Since the session opening on Monday, we see a false break-down of 1954 and bullish momentum towards 1965. The market makes a retest to the resistance. If this boundary is broken down, we might see a good rally to the 1984 global range resistance. The moving averages act as support and form a bullish signal. Strong support: 1960, 1954. Strong resistance: 1965, 1970 I expect bulls to be able to hold the 1965 area, after which we will see an increase to 1984. Regards to R. Linda
OANDA:XAUUSDLong
by RLinda
20
USDCHF → Retest, which can confirm a change of trend The USDCHF breaks the uptrend and forms a retest for a possible short entry point. The currency pair is preparing for a decline The USDCHF is now squeezed between the MA-200, which plays the role of support and MA-50, which is a resistance. The price makes a retest to the level of 0.90291, which is the key level for further moves in either direction. Consolidation of the price below that level will form an entry point for a possible sell-off, in which case the downside will definitely change and wait for a decline. Strong support: 0.8980, MA-200. Strong resistance: 0.90291, MA-50. I expect that bears will do their job. The market will form a consolidation and start a further decline to 0.89400 Regards R. Linda!
Short
by RLinda
13
GOLD → Gold continues to trade within the range At the moment OANDA:XAUUSD is not going to move out of the 1984-1939 sideways range, but at the same time the price is forming a bearish wedge, a pattern that might stop the price decline and start strengthening, but everything depends on the closing of the trading session. There are no significant fundamental factors on Friday There are also no local TA patterns to determine the price's exit from the range We see a strong area of consolidation on the chart, as indicated by the density of volumes. OANDA:XAUUSD trades in the middle of the range and it is quite difficult to find an entrance here, so it is worth applying the basic rules of the strategy that allows trading from the range boundaries. The price might soon test the support of MA-200 and MA-50 and react by rising to 1965 or 1984. Strong support: 1954, 1939. Strong resistance: 1965, 1984 I expect the price will continue to form a sideways range next week, but today it might show some strengthening after the SMA's retest. Regards R.Linda!
OANDA:XAUUSDLong
by RLinda
29
GOLD → Gold is waiting for a reaction from DXY. 1914 or 1965? Gold is testing sideways range support and several scenarios could develop from here. You have to be prepared for each one. At the same time, the dollar has stopped and is forming a triangle. A decline in the dollar will strengthen our gold. What to expect from the price? In that case, the chance of further declines will increase. But we have to understand that the gold is still inside the range. Intra-band trading strategy implies buying from support and selling from resistance. Watch the price reaction to support. The moving averages indicate that a consolidation is forming. If there is not a strong pullback upwards, in the medium term we should expect a fall in price along the trend Strong support: 1939, 1914. Strong resistance: 1954, 1965 If the dollar goes down and forms a correction, gold will strengthen to 1965 and possibly to 1984, but if the dollar continues to rise after exiting the triangle, gold will start another decline to 1914 Regards R. Linda!
OANDA:XAUUSD
by RLinda
20
USDCAD → Support retest. The price is in the rangeUSDCAD is under the pressure of the downtrend, but at the same time a sideways consolidation is forming, which can last for quite a long time. The currency pair is falling from the range resistance and yesterday it already tested the key level 1.3317, but now, a few hours later, another retest is forming. There is a chance that the market can break through the support at 1.3317, but only if the volatility declines and the price either forms a consolidation above (pre-breakdown consolidation) or below the level after the breakdown and then heads down. BUT! If the price makes a quick false-break and forms a consolidation above the level, there is a chance to use the "inside range trading" strategy. In this case the price can head upwards! The moving averages are a strong resistance Strong Resistance: 1.3411 and 1.34500. Strong support: 1.3317 As we see the formation of a retest to the support, the chances of a breakout are getting higher. Regards, R.Linda!
by RLinda
9
GOLD → bullish signal to rise from SMA-200 & SMA-50Gold has been in consolidation between 1965 and 1954 for 24 hours. Numerous retests of the resistance line are formed. Most likely, the market is preparing for strengthening. False breakdown of the range support increases liquidity in the market and prepares the price for growth. A strong resistance 1965 is formed on the chart and a pre-breakdown consolidation is formed. A breakout and fixation of the price above 1965 will form a strong momentum towards 1984 Moving averages serve as strong support and form a signal that indicates a possible price strengthening. Strong support: 1954 Strong resistance: 1965, 1970, 1984 I expect price strengthening after breaking through the level of 1965 and consolidation of the price above this line. The bulls are preparing for growth. Regards R.Linda!
OANDA:XAUUSDLong
by RLinda
25
QNTUSDT → back to the up-trend. Resistance breakout QNTUSDT gives us signs that we should expect strengthening in the medium term. After false breakdown of key support, the coin is strengthening by 20%. On the background of falling bitcoin QNT looks very confident. The price returns to the bullish price channel, making a false breakdown of the trend support. If the bulls finally take the market in their hands, then QNT can strengthen to 160.00. The MA-50 is acting as support, and a false-break-down was made. Statistically, strong moves are formed after the FB more often than not. The MA-200 is acting as resistance. Price may test the moving average in the near future. Strong support: MA-50, 112.5, uptrend channel support Strong resistance: 118.0, 129.9 I expect growth from the support area. Within the uptrend the price can show good growth. Regards to R. Linda!
Long
by RLinda
16
GOLD → FalseBreakout support. Waiting for a signal from the SMAGold does not reach the key support of 1935. There is a false break of 1954, the support of the sideways range, followed by the formation of a prerequisite, indicating that the price is ready to rise. The metal strengthens to 1964 on Monday and thereby returns to the consolidation boundaries. The price consolidates above the support level by consolidation and gives us the premise that it is preparing for further upside. How this has happened and will happen I have indicated in the pattern on the left. The moving averages are acting as support and are about to form a signal that can give us growth. Strong support: 1954, MA-200 + MA-50 Strong resistance: 1964, 1984. I expect possible strengthening to the resistance area of the 1984 range after breaking through the local resistance 1964. Regards to R.Linda!
OANDA:XAUUSDLong
by RLinda
24
EURJPY → Head and Shoulders on H4EURJPY initially formed a reversal pattern on the local timeframe. After the price failed to break the 150.2 area, a global "Head & Shoulders" pattern is formed The chart clearly shows an uptrend bounded by resistance and support. Within the uptrend the price makes a false-break and forms a reversal pattern "Head and shoulders". The basis of the pattern is the level of 148.86. If the price breaks this line, the decline will continue. The price is testing the MA-200 support. Most likely, the price may retest it to try to break through and continue falling down. MA-50 acts as a strong resistance Strong support: 148.86, MA-200, 147.807 Strong resistance: 149.79, 150.200 I expect a rebound from the support and the formation of the retest to 148.86 (or MA-200) with a further breakout and downward movement to 147.8, 147. Regards R.Linda!
Short
by RLinda
16