AndeWave

AndeWave

Gold on Friday forms a false breakdown of flat resistance (indicated on the chart). On Monday, the market forms a retest of the upper boundary and forms a false breakout again. TA on the high timeframe: 1) The market is still continuing to form a bearish trend 2) A retest of the liquidity area forms a false breakout, indicating buyer weakness at the moment. TA...

AndeWave

USDCAD is forming a retest of the key support area. The correction phase is quite deep and amounts to almost 1.5% of the price. Most likely, as long as the market is standing still, including the dollar, the currency pair can form a false breakdown of the liquidity area TA on the drawdown timeframe: 1) support retest, we have 5 confirmations. The level was...

AndeWave

Gold is forming volume density on the resistance side which is pushing the price down. We are seeing a strong bearish trend that continues to conquer the lows TA on the oblique timeframe: 1) Price is in a bearish channel and is aiming for the nearest strong support area in the medium term - 1809 2) Within the near term target, price may reach 1885 within a few...

AndeWave

USDJPY after correction and retest of trend support fully redeems the fall and almost closes Monday's gap. A retest and pre-breakdown consolidation of 147.37 level is formed TA on the high timeframe: 1) The bullish trend continues 2) No decline against 147.800 3) Price forms a retest for a breakout TA on the low timeframe: 1) A bullish price channel is formed 2)...

AndeWave

Gold breaks down and updates the local minimum within the descending price channel. The global trend after the correction continues. TA on the high timeframe: 1) Breakout of local support at 1916 confirms our action and market sentiment 2) The market is in a global downtrend. We should pay attention to strong resistance levels for further sales TA on the low...

AndeWave

GBPUSD continues to move within a strong downtrend. The price has already lost 5.3% from the high and is ready to lose more. A pattern is forming which could send the price to 1.23680 TA on the high timeframe: 1) Failure of the support at 1.25479 will form a new impulse and a new level 2) A stop at 1.24450 forms a support and 3 days later the price comes back to...

AndeWave

Gold is forming global and local trends in one direction - downward. After rebounding from the current resistance, the price forms a retest of the support. TA on the high timeframe: 1) Moving averages in a fairly wide range indicate to us the formation of a downward movement 2) A bearish trend is forming within the descending channel 3) The liquidity area on...

AndeWave

EURUSD is preparing for further decline. After the resistance retest, the price declines again and performs a pre-breakdown retest of the support at 1.0707 TA on the high timeframe: 1) Strong downtrend 2) The liquidity area on the support side will not withstand another retest. Buyers are weak 3) Medium-term target is 1.06350 TA on low timeframe: 1) A resistance...

AndeWave

Gold continues to trade within the bearish channel. A retest of the resistance area is being formed, against the background of the bearish trend there is a high chance of further decline TA on the high timeframe 1) Downward price channel 2) false breakout 3) Current trend is bearish 4) no update of highs, the price tends downward TA on the low timeframe: 1)...

AndeWave

EURGBP is forming consolidation. Two scenarios can develop in relation to the symmetrical triangle: breakout of resistance or support TA on the high timeframe: 1) A bearish trend is formed. The price forms a pre-breakout consolidation around 0.85200 2) False breakout of liquidity area, price may reach 0.85300 area in the nearest future. TA on the low...

AndeWave

Gold makes an unsuccessful attempt to break the resistance of the bearish channel. it is at the moment of the retest that the dollar starts to strengthen, which makes gold fall after the retest of the resistance. The FED is still sticking to continue to be hawkish on the dollar, which can have a bad effect on gold TA on the high timeframe: 1) DXY breaks...

AndeWave

Gold is forming a local downtrend. Which is relevant after the break of the ascending channel in early September. The realization of a strong sell signal is forming on D1 TA on the high timeframe: 1) Everything is stable. False break of resistance sends the price down 2) Potential: falling to 1900 after correction. TA on the low timeframe: 1) Price in bearish...

AndeWave

USDJPY on the senior timeframes aims to test the global resistance level of 2022. The Japanese yen is weakening strongly against the backdrop of a strengthening dollar. TA on the high timeframe: 1) A break of 144.897 sends the price to 148.86 2) A small rebound from this level is possible with further growth to 152.0 in the medium term. TA on the low...

AndeWave

Gold is breaking the support of the new price channel. The market is dominated by sellers due to buyer weakness amid dollar strength. TA on the high timeframe: 1) False break of the resistance of the global descending channel 2) There is a potential for price decline to 1886. TA on low timeframe: 1) Price tested the key descending channel support for a long...

AndeWave

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...

AndeWave

Gold does form a false breakout of a strong resistance area. Pay attention to the D1 chart on the left. There is a chance that gold could go down to 1885 or even 1840 TA on the high timeframe: 1) Bearish trend and global price channel keep the price above 1950 2) False resistance breakout forms a sell signal TA on the low timeframe: 1) Price forms an attempt to...

AndeWave

GBPCAD in the format of a global ascending price channel forms a setup that may resume upward movement after a small stagnation in the flat format TA on the high timeframe: 1) The market is in a bullish trend. Consolidation is forming above 1.71000. 2) The liquidity area on the support side may not let the price down, but on the contrary, push it up and make the...

AndeWave

Gold in the global perspective is within the boundaries of the bearish price channel. There are several reasons both for the price fall and for further growth. But in priority we consider the realization of a false breakout. TA on the high timeframe: 1) A bearish price channel dominates the market for several months. The price retests the resistance after 1...