AndeWave

AndeWave

Gold breaks through the 1963 resistance, but as it turns out this maneuver is false. The descending price channel is contributing to the price action, while at the same time price is retesting the support area and retracing back to that area to test the breakout attempt. TA on the high timeframe: 1) Price is approaching range support. NFP related news may...

AndeWave

USDJPY is strengthening, making a false breakdown of local trend resistance. A correction towards the key support area is being formed, a rebound is likely to follow TA on the high timeframe: 1) False break of 142.25 may form a rebound to 140.7 2) The price is updating the local maximum, we should not expect a strong fall, as the market has a key target of...

AndeWave

Gold is forming a bearish channel, the area of density on the side of resistance, which the price failed to pass, begins to pressure the market and thus makes the price of the asset weaken. TA on the high timeframe: 1) Price is still in a range 2) The bearish trend is valid 3) The liquidity area where the price can go is below 1943. TA on the low timeframe: 1)...

AndeWave

EURCHF is forming a reversal set-up. Against the backdrop of the global downtrend, this doesn't tell us much, but if the price overcomes the resistance, a quick trend reversal could be in order TA on a high timeframe: 1) Strong bearish trend 2) Price continues to fall and test the bottom 3) Liquidity area that may be of interest to the market is above 0.96500 TA...

AndeWave

GOLD after retesting the support area of the uptrend forms a false break of 0.5 fibo and declines, updating the local minimum at the beginning of the trading session. The market is forming consolidation below the previously broken support TA on the high timeframe: 1) Price in range, resistance was tested earlier 2) Price failed to make a new high on a retest of...

AndeWave

USDCAD breaks the resistance of the bullish pattern and moves to realize the accumulated potential. The price can overcome the way to the nearest resistance quite quickly if the bulls hold their positions TA on the high timeframe: 1) Price still has upside potential towards 1.333 2) Breakout of the liquidity area forms a consolidation above 1.32300 TA on the low...

AndeWave

Gold on Friday is buying back some of the fall that happened on Thursday. A correction is forming and price is testing a previously broken line and a key fibonacci area TA on the high timeframe: 1) In the coming trading week, we should pay attention to the consolidation forming in the 1984 - 1938 range boundaries 2) A breakout of the lower boundary will break...

AndeWave

Gold breaks local trend support and updates the low to 1942.5. A reversal pattern is forming on the global timeframe, but the fundamentals are giving the opposite signal. TA on the high timeframe: 1) On the secondary movement on Wednesday and Thursday, the price failed to update the local high and is declining to the shoulder base area 2) A false breakdown of...

AndeWave

NZDCHF continues to observe a multi-month bearish trend. This time price finds limit support at 0.53362 and continues to make an onslaught on this zone. TA on the high timeframe: 1) The strong bearish trend continues. Price is unable to update the local highs 2) Flat (consolidation) is being formed. Within the consolidation, the price is approaching the support...

AndeWave

Gold is forming a quiet growth. Surprisingly, there is no violent reaction to the news, but at the same time the situation is still unstable. Today will be known data on employment and gdp. Keep an eye on the news! TA on the high timeframe: 1) Price forms a flat resistance retest. 2) This quick retest implies that the market is ready to continue rising. 3) Price...

AndeWave

CADJPY is forming a narrowing range. The outline of a triangle is being formed. The global trend is bullish and prioritizing price may break resistance TA on the high timeframe: 1) 109-104 range is forming. False break of 104 sends price to 109 2) The liquidity area that the market is interested in is above 107.8, most likely price can reach this area TA on the...

AndeWave

Gold tends to rise as high as possible. But! Data will be published soon, most likely the market may be preparing for a rate hike. TA on a high timeframe: 1) A surge in volumes may force the price to test the resistance of 1984. A false breakdown is possible even when bad news is published 2) The area of liquidity that the market is primarily interested in is...

AndeWave

USDCAD makes a false breakout of the 1.3138 support and forms a pattern that is able to turn the market around and give us an upward momentum TA on a high timeframe: 1) A false breakdown of support 1.3138 is formed, followed by price consolidation above the level 2) The liquidity area of interest to the market is above 1.32300, which is where the price is...

AndeWave

Gold is forming a correction, a new range is formed, which has its downward resistance. Earlier, the price formed a retest of the line and updated the local minimum. TA on the high timeframe: 1) False breakout of resistance 1984 2) Bearish momentum is forming 3) Medium-term target is the liquidity area below 1943 TA on high timeframe: 1) False breakout sends...

AndeWave

GBPJPY is forming a symmetrical triangle. The price is testing the resistance and falling (rebound). Another retest may not yield results and the price within the triangle may head towards 179.77 TA on the high timeframe: 1) The trend has stopped and the price is forming a sideways flat pattern 2) False breakout and consolidation below the liquidity area gives a...

AndeWave

Gold is breaking support of the rising wedge and is getting sell signals. On D1, price bounces off range resistance and likely gets downside potential TA on the high timeframe: 1) False breakout of 0.5 fibo gives a sell signal. The price continues to fall 2) During the European session, the price tries to buy back some of the decline, but the resistance area may...

AndeWave

NZDJPY is forming a symmetrical triangle on the background that D1 is in the phase of forming a head and shoulders reversal set-up. TA on the high timeframe: 1) A head and shoulders is forming against support at 87.140 and resistance at 88.56. A strong enough pattern for a market reversal. 2) But! Consolidation is forming, which may send the price to 89.00 TA...

AndeWave

Gold tests the resistance of the global range and makes a false breakdown of 0.5 fibo, which forces the market to form a correction, which in turn breaks 0.236 fibo and forms a consolidation below the level, preparing the market for further decline TA on the high timeframe: 1) False break of resistance sends the price to 1960 2) The area of interest and liquidity...