AndeWave

AndeWave

USDJPY continues to go to its target. The market is interested in the mark of 151.95. Against the background of a strong trend, we should look for either support levels and buy on the bounce, or resistance levels and buy on the breakout. TA on the high timeframe: 1) Strong pattern on d1. V-turn pattern. Price is breaking through the base, which is a strong medium...

AndeWave

Gold is forming a strong decline. The price is breaking support levels without any particular reaction from the buyers. The decline is likely to continue until gold finds strong support TA on the high timeframe: 1) The market is breaking the 0.5 fibo area and forming further momentum. One of the key support levels may be tested soon 2) An area of liquidity that...

AndeWave

CADJPY breaks uptrend support and after another correction forms a signal that suggests that the market is preparing for further decline TA on the high timeframe: 1) After breaking the 109.268 support, a correction is formed. In the medium term, the price may test this line before further growth 2) The market is interested in the liquidity area below 109.336 and...

AndeWave

EURGBP made an unsuccessful attempt to break through resistance on the background of weakening pound sterling. A false breakout in the double top format is forming. TA on the high timeframe: 1) False breakout of range resistance may bring the price back to support 2) The liquidity target area is around 0.85600. TA on the low timeframe: 1) A move back inside the...

AndeWave

Gold is reaching an important goal for us. We've been waiting for this. A test of the level of 1885.100 is being formed. On the background of distributive fall and strong sell-offs, a rebound may occur. TA on the high timeframe: 1) A huge pool of liquidity is formed below the level of 1885, most likely, a false breakout should occur before the rebound TA on the...

AndeWave

CADJPY is forming an uptrend. On the background of this movement, the market forms a support retest, it seems to be predictable, but the situation may get out of control, as a decrease in volatility is formed. TA on the high timeframe: 1) The market is at its maximum values. A small correction may form before further gains are made 2) The liquidity area that MM...

AndeWave

Gold falls from 1928.5 and reaches support in my scenario. We have taken the target. At this point, while the market is forming a sideways range, price may form a bounce from 1908 before falling further. TA on the high timeframe: 1) Important target is 1907.6. The market is looking to test this area 2) Price passes one of the key liquidity areas, the next leg is...

AndeWave

USDCAD does not tend to fall after breaking the support at 1.3497. On the background of high timeframe the price retests the key level 1.33724 and forms a correction. Patterns for further growth appear within the correction TA on the high timeframe: 1) Price returns to 1.3502 2) A pre-breakout consolidation is forming near the level. 3) There is an important...

AndeWave Updated 

Gold is forming a resistance retest. Against the background of the global descending channel, the price may form a false breakout, but against the background of consolidation near resistance, the chances of a breakout increase. TA on high timeframe: 1) We have the formation of the 1934-1907 range. There is a false breakout and pin-bar formed against...

AndeWave Updated 

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...

AndeWave

Gold bounces off the local support at 1915 and the price returns to retest the key resistance. Price is in a range and we are now interested in flat resistance. TA on the high timeframe: 1) Pin bar resistance 1934. 2) Price does not reach one of the key resistances 1949 for a few pips, indicating strong pressure from the resistance 3) At the same time, active...

AndeWave

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...

AndeWave

Gold is losing almost 1.5% amid sell-offs. Yesterday, before the FED speech, the market maker strengthened the price to 1947.3. The news was strong for the dollar and weak for gold, thus we see a strong sell-off and at the moment the price is at 1919.5. Ta on the high timeframe: 1) False break of resistance at 1934 2) A strong candlestick pattern is formed for...

AndeWave

EURUSD will weaken further. The reason for this is further strengthening of the dollar. News from the FOMC suggests further decline in the currency pair TA on the high timeframe: 1) The market is testing the support at 1.0635 2) The third retest is formed after 4 days - high chance of further support breakout TA on the low timeframe: 1) The descending price...

AndeWave

Gold broke the strong resistance area of 1928.5 earlier, now the price is aiming for the next resistance ahead of the release of important news. TA on the high timeframe: 1) FOMC is not going to raise rates this time. I think the data release could have a big impact on metal pricing 2) In the long term, there is a chance that the price will start its decline, as...

AndeWave

GBPJPY is in the correction phase amid the global uptrend. The Central Bank may stop raising rates, which will predictably affect the pricing of the pound. A wedge is forming within the correction, which is an interesting set-up against the backdrop of the GBPJPY currency pair TA on the high timeframe: 1) The Japanese Yen may continue its weakening. In this case,...

AndeWave

GOLD when breaking through the trend resistance on the D1 and W1 chart enters the phase of realization of the accumulated potential. The liquidity area interesting for the market is around 1930 and around 1950. The lower area is tested and the upper area gets the "liquid" accolade TA on the high timeframe: 1) Bearish trend resistance breakout 2) The market forms...

AndeWave

EURUSD is still within a downtrend. On D1 we see the beginning of a reaction to a strong support line. There is a chance that on H1 price could break resistance TA on the high timeframe: 1) if we pay attention to XAUUSD, gold is rising on the background of DXY growth stop. If the latter starts an active decline (news this week), eurusd will give a bullish impulse...