AndeWave

AndeWave Updated 

GBPUSD forms a retest of the trend support, and on D1 the price is testing a key area. Most likely from the support area the price can form a significant bounce. TA on the high timeframe: 1) False break of support 0.236 Fibo is formed 2) On H4 the price also tests the key liquidity area. TA on the low timeframe: 1) The pound is testing uptrend support....

AndeWave

Gold closes the week with a big minus. the rebound from 0.618 Fibo forms a pullback and retest the previously broken level of 1939.325. TA on the high timeframe: 1) We should probably expect a small pullback after breaking the level 2) The pullback may end up with further falling as the market starts to develop a downtrend. TA on a low timeframe: 1) Price forms...

AndeWave

Gold is testing the local low of 1910 after which a reversal set-up is formed on the local timeframe, implying the beginning of the correction. TA on a high timeframe: 1) The market is falling, it's hard to say when gold will start to recover. Right now several strong resistances and the fundamentals of trading stop the market from that. 2) A false-break-down...

AndeWave

USDCHF forms a double bottom, which plays the role of a reversal pattern relative to the support 0.89000. The price makes a retest of the pattern base. Breakout of the level will start the implementation of the reversal pattern TA reversal pattern on the high timeframe: 1) Buyers begin to buy out the price without waiting for the retest of the range support. 2)...

AndeWave Updated 

Gold is renewing its lows. Price moves out of the bearish range and heads down. Consolidation of the price below 1939 leads us to a strong momentum towards 1918, after a pullback the price returns to retest the support. TA on the high timeframe: 1) Consolidation lasted 3 weeks, most likely in 1-2 days the move after the breakout is not over. 2) The price pulls...

AndeWave Updated 

AUDUSD stops the rally. A false break of the key resistance is formed and the currency pair is going to go down. TA on the high timeframe: 1) There is a break in the uptrend on H1-H4. A bearish price channel is forming. 2) The price makes a false-break through resistance in the range of 0.67900. False breakout can send the price to 0.66252 in the medium term TA...

AndeWave Updated 

The gold breaks through the support and forms a consolidation below the 1939 level. Most likely concerning the level, the price might make a shakeout, in which case gold might test 0.5 Fibo before falling TA on a high timeframe: 1) Consolidation is forming between 0.382 and 0.5 Fibo. After breaking through 0.5, price breaks support 1935 and forms price...

AndeWave Updated 

GBPUSD after the formed reversal set-up is making a pullback down to the local support 1.26989. Ahead of the key level from D1, which is clearly interesting for the market. TA on the high timeframe: 1) We have a strong uptrend. After the high is updated, a correction is formed 2) The target of the correction might be the level of 1.26525 on the B1, near the...

AndeWave

Gold continues to decline under resistance control within the range. The price from 1945 forms a small pullback that could touch resistance, but everyone is waiting for a fall in priority. TA on the high timeframe: 1) The dollar index is in a bullish rebound phase. It is likely that after a small stop, the dollar's rise could continue, in which case the price of...

AndeWave

CADCHF is forming a triangle. Inside the range, I drew a local upward support line to clearly understand the situation. A consolidation is forming that prepares the price for a resistance breakout. TA on the high timeframe: 1) A consolidation in the 0.68000-0.67200 range is forming after a rally to 0.68030. Buying market is quite strong 2) The liquidity area,...

AndeWave Updated 

Gold made a retest of the resistance on Friday and started to form a false H&S pattern. Most likely, the buyers are not able to hold the local uptrend support and the price might head towards 1939. TA on the high timeframe: 1) The market and candlestick patterns show strong selling pressure 2) The fundamental backdrop for gold is neutral to negative. The Fed is...

AndeWave Updated 

NZDCAD is breaking the trend. Consolidation is formed below the trend support. A pattern is forming, which can send the price down and it can also be influenced by a false break-down of the resistance on the D1 TA on the high timeframe: 1) False breakdown of resistance 0.82621. There are three bearish candlesticks, indicating the interest of the market. 2) The...

AndeWave

Gold after a false-break and rising to 1965 forms a false-break of resistance and enters a consolidation phase, which forms the right shoulder of the "Head & Shoulders" reversal pattern 1) The reversal pattern makes a false breakdown of the strong support 1935. If the right shoulder is formed and the price overcomes the pattern base or 1965 level, the active...

AndeWave

Gold is recovering. Regarding the support of the uptrend channel and the strong 1935 level, a reversal pattern is forming, which reminds us of the H&S. Gold is likely to continue rising on Friday TA on the high timeframe: 1) Gold in a hard consolidation between 1981 and 1935. False breakout of support has been made. 2) Potential resistance target (market maker...

AndeWave

EURGBP continues to decline. There are signs on the chart, which tell us that the currency pair is ready for further weakening TA in the high timeframe: 1) A strong bearish trend 2) The price is set at the support at 0.85400. Consolidation is forming and the market is preparing to go down 3) The area of 0.85400, where the key liquidity zone is located, could...

AndeWave

The bears do not allow gold to even pass the local 1960-1970 resistance area. The value of the metal is melting and we see a breakout of the range support, accompanied by a huge surge in volumes. TA on the high timeframe: 1) Price exits the range and is in the red zone. 2) The new range that price enters is wide enough, the bulls will attack the 1935 area trying...

AndeWave

The USDJPY is breaking forward amid a strengthening dollar. The currency pair breaks the resistance at 140.882, after which the price stops and forms a correction from 141.5 TA on the high timeframe: 1) Price breaks through the high again. 140.725 level opens new high - 142.25 2) There is a void ahead and after a local consolidation the price may continue its...

AndeWave

The gold makes a false break-down of the uptrend channel support. The price channel does not carry the key importance, when we are interested in the 1981-1935 sideways range, in which the gold has been staying for several weeks. TA on the high time frame: 1) A surge of energy is forming on the back of fundamental data. The market continues to gather liquidity and...