AndeWave

AndeWave

GBPJPY forms potentially different signals on different timeframes. But there are localized preconditions that increase the chances for a fall. TA on the high timeframe: 1) Price failed to form an impulse after breaking through the resistance at 183.76. A consolidation with locally declining highs is forming. We see pressure from the sellers. 2) On H4, a kind...

AndeWave

Gold is testing key resistance with a false breakout and this could be a signal for further declines, while the dollar is closing near a strong resistance level and is likely ready to continue to strengthen further TA on the high timeframe: 1) DXY closes near 104.3. Regarding the candlestick analysis, we can assume that the price close indicates further...

AndeWave

Gold on the global chart is testing the resistance of the key descending channel. There is little chance of a breakout of this area as gold's growth has been distributive. A pullback after a false breakdown may follow TA on the high timeframe: 1) A retest of the descending channel resistance is formed 2) The retest is formed after a month, that's a lot of time...

AndeWave

CADJPY is gaining a strong resistance area of 108.000. Price continues to test the resistance in an ascending triangle format over the month. TA on the high timeframe: 1) We see an interesting pattern: a limit resistance level in the 108.000 area and a gradual pushing of the price towards this area 2) Minimums that are not updated, but growing. 3) Buyers have...

AndeWave

Gold continues to strengthen.On Monday, the price is strengthening and testing the nearest key resistance. On the D1 chart we see a bearish trend, and on the local chart a gradation of resistances from 1922 to 1916 is forming, forming a tightness TA on the high timeframe: 1) Gradually declining highs points form a bearish trend 2) Price forms a rebound after...

AndeWave

GBPJPY is forming an ascending price channel, but at the same time we see a reversal pattern forming and a retest of trend support. TA on the high timeframe: 1) Price breaks the resistance at 184.76 and forms a local high of 186.764 2) The liquidity area forms a density from which the price bounces and tests the key resistance TA on the low timeframe: 1) An...

AndeWave

XAUUSD surprises by forming a rather strong movement on the background of weak news. This movement is based on technical factors, namely the realization of consolidation within the framework of correction on the background of bearish trend TA on the high timeframe: 1) Price is correcting and aiming for resistance at 1937.5 2) Globally we have a bearish trend,...

AndeWave

CADCHF is in a strong bearish trend, as the D1 chart tells us. Price is forming a retest of strong support, which prepares the market for further decline TA on the high timeframe: 1) Support at 0.64863 plays an important role for us 2) The liquidity area is under intense attack from buyers. A break of 0.64888 - 0.6475 area will form a strong downside momentum...

AndeWave

Gold stops falling and forms a range of 1902 - 1885. A resistance retest and false breakout is forming TA on the high timeframe: 1) False breakout and fall to 1884, after which the price forms a retest of previously broken support 1902 2) From this level the price may continue its decline TA on the low timeframe: 1) With the probability of 70-80% the price will...

AndeWave

GBPUSD forms a rebound from 1.26525 support and forms a local counter-trend correction TA on the high timeframe: 1) Price in the range of 1.28484 - 1.26525 2) After a false breakdown of support there is a potential for strengthening to resistance TA on the low timeframe 1) A local bullish channel is formed 2) Price consolidates at support and forms a retest of...

AndeWave

Gold breaks the resistance and forms numerous retests of the line, most likely this indicates that the market does not have a clear phase and there is a chance of price transition from a directional trend state to a flat state TA on a high timeframe: 1) One of the key supports is broken, the direction has a downward vector 2) A retest to the 1900 area is being...

AndeWave

EURUSD is forming a descending price channel for quite a long time. For the last week, a consolidation in the format of a wedge is forming on the chart, which breaks the boundaries of the range TA on the high timeframe: 1) A bounce from 1.08441 support is forming and price is limiting itself to the range 2) The liquidity area where the currency pair may be...

AndeWave

Gold forms a false breakdown of 1937.58 and forms the strongest impulse in the last few weeks (chart on the left). At the same time, local and global trends coincide and the price retests the support. The prerequisites are obvious TA on the high timeframe: 1) False breakout forms a downward impulse. Price falls to 1885, having previously broken support at 1909 2)...

AndeWave

EURCAD stops near strong resistance and on the background of bullish trend the chart is forming a pattern that can form both upward and downward momentum TA on the high timeframe: 1) Globally, a bullish trend is visible, but before strong resistances the price stops and forms consolidation 2 Consolidation is forming between key liquidity areas TA on the low...

AndeWave

Gold breaks through support and makes a momentum move and updates the global low to 1889. It is likely that the market may continue to fall TA on the high timeframe: 1) The nearest point from which we can expect to buy is 1902.87, a false breakout can be formed but it will take a lot of time TA on the low timeframe: 1) Price breaks the support of the wedge,...

AndeWave

EURUSD made an unsuccessful attempt to change the trend. Price breaks consolidation support and moves into the realization phase or distribution phase. TA on a high timeframe: 1) The outlines of the global reversal pattern "head and shoulders" appear on the chart 2) If the support at 1.0844 is broken, the price may fall to 1.0700. TA on the low timeframe: 1)...

AndeWave

Gold breaks the resistance of the key figure and prepares for further growth. What is likely to happen? Will there be a rise or a fall? TA on the high timeframe: 1) A false breakout is forming on D1. Quite a complicated setup that stretched for two days 2) After the false breakdown the price may be interested in the area of 1912-1920. TA on the low timeframe: 1)...

AndeWave

EURCAD continues its bullish trend. The price is testing the resistance on the background of upward movement. There is a chance for a quick breakout TA on the high timeframe: 1) Accumulation is formed near the level of 1.47728. At the next retest, the price may break the resistance 2) The liquidity area of interest for the price is above 1.48560. TA on the low...