AndeWave

AndeWave

EURAUD is forming a strong consolidation near support 1.59000. The market is most likely preparing for a breakout of this area. TA on the high timeframe: 1) The lower chart shows us multiple retests of support. Buyers continue to hold this area 2) The market is dominated by a bearish trend TA on the low timeframe: 1) Price continues to move within a...

AndeWave

Gold makes a retest of 1964 (red resistance line). If the price manages to break through the limit zone of the bears' bids, we will see an active strengthening towards 1976 or even 1981. TA on the high timeframe: 1) Price freezes and we see a sideways movement forming within a range 2) The price is trying to break through the liquidity area. Numerous retests...

AndeWave

The USDJPY is stalling after a strong rally. We should pay attention to the fact that the price is not forming a strong pullback. There is a possibility of a break through the resistance for further strengthening towards 140 and 141 TA on the high timeframe: 1) We see a pullback from 140.918 to 0.236 Fibo, where a triangle-like consolidation begins to form 2)...

AndeWave

EURCAD is trading in a formed bearish price channel. An accumulation is forming on the chart which might try to break the trend, but on D1 MarketMaker is forming a trap TA on a high timeframe: 1) Price does not reach the 1.4247 level and starts to reverse, there is a possibility that with increasing buyer activity, MarketMaker may reverse the market in the...

AndeWave

Gold is strengthening on the weak dollar. The 1964 level is tested and a wedge is formed. This pattern can be interpreted as price preparation for further growth. TA on a high timeframe: 1) Price in consolidation. Most likely, the price is likely to end Friday in the consolidation from 1981 to 1935 and stay there. 2) After the rally, the price is in the...

AndeWave

The NZDUSD is breaking through the D1 resistance at 0.60840 and feels quite confident. Consolidation is forming, which could send the price to 0.61600 TA on the high timeframe: 1) Support at 0.60841 has been broken and price has entered a new range. The medium-term target is 0.63000 2) Breakout of the nearest liquidity area will form a strong momentum TA on the...

AndeWave Updated 

Gold makes a false break of the ascending price channel and thus confirms the presence of upward support. There is a consolidation near the support, the price can break the support in case of a retest, but based on the situation, buying should be considered as a priority. TA on the high timeframe: 1) Price in 1935-1981 range. Gold rises from support and falls...

AndeWave Updated 

USDJPY is forming a correction. A downward price channel is forming. At the moment, the price is held back by support 139.657. A pattern is forming around this level, which might give us a bearish impulse TA on the high timeframe: 1) Price forms a range of 140.7 - 137.5 2) The retest of the resistance does not allow the price to renew the maximums and the pair...

AndeWave

Gold is in a range between 1981-1935. After a strong drop, the price stops. The level of 1935 can hold the price for quite a long time, as bulls continue to resist. Exit from the local 1964-1954 consolidation will determine further direction. TA on the high timeframe: 1) Price is in a sideways range. Flat may be playing the role of consolidation for the...

AndeWave

USDCHF forms an ascending triangle. After the retest of the uptrend channel support, the price acquires local resistance, which forms a "Triangle" pattern TA on a high timeframe: 1) False breakout of resistance 0.91200 is formed, if bears increase their pressure, in this case the price will break the local support 0.90370 and will start its fall 2) The global...

AndeWave

Gold is strengthening after forming a local low of 1938.5. The lower boundary allows us to make a local uptrend channel within the boundaries of the 1981 - 1935 sideways range where gold is still in. TA on the high timeframe: 1) Price is not ready to fall at this point. A rebound from global range support is forming. On D1 it looks like a consolidation 2) This...

AndeWave

NZDUSD forms a local bullish channel and after the retest of the support the price forms a momentum. The bulls are trying to control the local support at 0.6067 and if the buyers hold this level in the medium term, the currency pair could strengthen to 0.61100 and 0.61600 TA on the high timeframe: 1) There is an important level of 0.60841 on the chart to the...

AndeWave

Gold on the background of a strong fall is testing the resistance of the bearish channel. On the chart, a false breakout is formed, which could mean the beginning of the pullback. The local growth might reach 1954. TA on the high timeframe: 1) The price after the false breakout of 1981 falls to 1935. The classic intra-band trading strategy is a move from the edge...

AndeWave

GBPUSD is forming a reversal set-up on the high timeframe, and on the low timeframe the price makes a retest of the key support. Sellers are quite confident to break the support as their target may be around 1.2340 - 1.2300 TA on the high timeframe: 1) Price enters a new range of 1.24500-1.23570. And in our case seeks to test support 2) A reversal set-up of the...

AndeWave

Gold is flying down. The dollar is strengthening after the NFP on Friday. I think we should prepare for what could be a slight buyout on Monday to the 1954 area followed by a drop to 1932. TA on the high timeframe: 1) Price failed to break out of the 1981-1935 range and in a flat trading strategy, price moves down from resistance to support. 2) False breakout...

AndeWave

Gold is strengthening. NFP is ahead and the price is forming a consolidation waiting for the press release. The market is clearly nervous. TA on the high timeframe: 1) Price in a sideways range between 1981 and 1935 2) Thursday's daily candle closes near the 1981 level. The market maker is most likely set to continue rising 3) A consolidation forms above the...

AndeWave

The EURUSD is forming a reversal set-up which may change direction. Everyone involved expects NFP today, analysts expect the dollar to weaken, hence the currency pair may rise in price TA on the high timeframe: 1) A false breakout of 1.07129 is forming. The price reacts by rebounding. 2) The currency pair overcomes the key liquidity area. The market has the...

AndeWave

Gold breaks the downtrend and we get confirmation that after the retest of the bearish channel resistance, the price forms a good momentum. TA on the high timeframe: 1) The market is in a news waiting phase, but at the same time the dollar is declining 2) Gold is in a flat between 1981 and 1935. A resistance retest is forming. The price can break it on the news....