AUDCHF TRIPLE BOTTOM PATTERN The AUDCHF has formed a triple bottom pattern, suggesting a potential bullish breakout pending confirmation on the highlighted neckline/key level. Additionally, there has been a recent breakout of the trend, indicating the possibility of a bullish rally towards the $0.61500 region.
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🔥BTC MAY FOLLOW A LIQUIDITY SWEEP & A CORRECTION BEFORE NEW ATHBitcoin has approached a significant resistance point near $68,000, where previous selling pressure has been observed. There is a possibility of a false breakout at this level, potentially followed by a liquidity sweep and a subsequent correction phase before the next upward surge towards a new all-time high. A retracement towards the $60,000 to $50,000 range may be necessary to solidify the current bullish trend.
GOLD SHOULD FILL THESE IMBALANCE BEFORE THE RALLYOn the hourly timeframe, gold has formed a rising wedge pattern, suggesting a possible downward movement from its recent peak near $2160. Additionally, there's a distinct gap below $2120 indicating an imbalance that necessitates a retracement to fill it. This retracement is likely to target levels around 50% to 61% on the Fibonacci retracement scale.
GOLD MAY RETEST $2080 NEXT WITH NFP AND UNEMPLOYEMENTGold has experienced remarkable growth lately following a breakout in the supply zone. The impulses have completed the 5th wave, signaling a potential downward shift, especially with the anticipation of positive NFP data. We foresee a retracement towards the highlighted supply zone, notably around the $2080 mark, a significant price level. Testing both the upper boundary of the channel and the 1.68% Fibonacci retracement, we have reasonable expectations for a forthcoming bearish movement.
CADJPY RISING WEDGE BREAKOUTThe CADJPY has recently confirmed a bearish breakout from a rising wedge pattern. This breakout follows a prolonged period of strong bullish momentum. With this bearish setup confirmed, we anticipate a retracement in price. Furthermore, a significant supply level has formed at the peak, suggesting increased selling pressure may ensue.
AUDCHF MAJOR TREND BREAKOUTThe AUDCHF pair has validated a trend breakout on the daily timeframe, indicating a potential shift towards bullish momentum. This is further supported by the identification of a triple bottom formation within the daily demand zone. Anticipated is a bullish rally targeting the highlighted key level.
US100 MARKET STRUCTURES SINCE MARCH '20Since March 2020, the US100 index has shown a robust market structure. However, there's now the emergence of a rising wedge pattern under the daily timeframe, indicating a potential short to mid-term bearish trend. If a breakout occurs below the lower boundary of this rising wedge pattern, there's a possibility of a retracement or revisiting of the previous resistance level near $16500.
JPYX WILL REVERSE ON THE DEMAND ZONEJPYX has returned to the earlier demand zone highlighted across both hourly and daily timeframes. Additionally, we've observed the fulfillment of a five-wave count within the current bearish trend, suggesting the potential for a reversal at this established demand zone.
GOLD TRICKING BUYERS!Most traders seen on gold chat have purchased yesterday's lows and promised to hold till end of week, after seeing such a "large drop" in a single day, they believe this is the best course of action.
From my perspective price will trade below yesterday's low and then up to the projected target.
#XAUUSD
EURUSD BEARISH CHANNEL The EURUSD has established a robust bearish channel, but recent price action suggests a potential reversal as it shows signs of respecting a significant support/demand zone at the lower end. Should the price embrace a bullish sentiment and manage to breach the current structure, it may pave the way for a complete reversal to the upside, targeting recent swing highs.
⚡️DOGEUSDT CMC TRADING ⚡️ ACCUMULATION ZONEDOGEUSDT has formed an accumulation zone at the lower end, suggesting a potential bullish breakout at the resistance level, which could spark a significant rally. Additionally, there's confirmation of a trend breakout from the preceding bearish trend, further supporting the notion of an upward movement.
⚡️GBPUSD CMC TRADING ⚡️ BREAKOUT AND REVERSAL ON SUPPORTGBPUSD has recently experienced a bearish breakout below a key support level, followed by a reversal that is currently retesting the broken support on the hourly timeframe. Anticipations lean towards another downward shift, potentially igniting another bearish trend to the downside.
⚡️EURCHF CMC TRADING ⚡️ BEARISH CHANNELEURCHF has formed a well-defined bearish channel, prompting us to await confirmation of a bullish breakout to signal a potential reversal. Given the recent identification of bullish sentiment, there is a belief that the price may initiate this breakout imminently, paving the way for a reversal pattern to follow suit.
⚡️CHFJPY CMC TRADING ⚡️ DISTRIBUTION ZONECHFJPY currently finds itself in a distribution zone, characterized by a sideways market condition. Notably, there was a recent false bearish breakout below support, signaling a strong upward move. Despite this, there remains an expectation for a bearish breakout on subsequent structure, as we anticipate a corrective leg following the recent bullish trend.
⚡️AUDNZD CMC TRADING ⚡️MAJOR DEMAND ZONEAUDNZD is currently positioned within a significant demand zone, where a burgeoning bullish sentiment indicates the potential for a bullish reversal, with the highlighted zone being regarded as a buy zone, particularly under the daily timeframe. Should the bullish sentiment persist and strengthen, it is conceivable that a robust bullish trend will emerge, driving prices upward and possibly retesting the upper boundary delineated by the channel.
⚡️AUDCHF CMC TRADING ⚡️ FALLING WEDGEAUDCHF has retraced to the upper boundary of the channel, coinciding with a significant key level established on the daily timeframe. Our anticipation revolves around a potential reversal towards the lower demand zone identified previously, prior to any potential rally. Should the bullish momentum persist, a breakout above may materialize. However, it's crucial to await confirmation of a breakout on both the channel and the key level before expecting an upward rally.
⚡️AAVEUSDT CMC TRADING ⚡️ FALLING WEDGEAAVEUSDT has experienced a notable bullish breakout, forming a falling wedge pattern under the 4-hour timeframe. This breakout was accompanied by the significant breach of a long-standing trend line, reinforcing the bullish sentiment. Additionally, within lower timeframes, an inverted head and shoulders pattern has emerged, further bolstering the case for a bullish outlook on this pair.
SAVE - Technical AnalysisNYSE:SAVE
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🇱🇰 ASI NEXT PROJECTION WITH MARKET REACTIONASI has indeed shown a breakout and subsequent pullback within the bullish structure identified on the hourly timeframe. We are currently in a phase of anticipation, expecting the price to acknowledge the breached trend line as a support given the recent pullback formation. However, if the price fails to respond positively to the trend line as a support, we could witness a further decline. This decline has the potential to push the price of ASI back inside the established structure and even prompt a revisit towards the support level.
EURUSD in on the way finding breakoutAs my analysis for EURUSD, The price stuck on the weekly support which highlighted based on the chart. The Weekly trend still in bullish position but still find out the direction either down or more higher for long term position.
As the US want to keep their monetary policy, keep going fight the inflation, probably, USD will take an advantage to keep them strong. Whatever it is, i will looking for any breakout happen at the current price based on its support and resistance, accompany by the trendline waiting for break or not.
⚡️ AUDUSD SMC TRADING SETUP ⚡️ | 4 HourAUD/USD has acquired liquidity above the preceding Order Block and subsequently descended below this liquidity level following a Change of Character (ChoCh). In this context, we have pinpointed a point of interest marked by an exceptional level of Order Block (OB) and Fair Value Gap (FVG) alignment. The expectation is for the price to retest this OB, providing another favorable opportunity for a short entry.