The USDJPY is declining again after retesting resistance at 139.65. The dollar is losing its grip on the news and is pulling the currency pair with it. Earlier the upward price channel was broken. TA on the high timeframe: 1) A correction from 140.725 is forming 2) Price forms a range between resistance 140.7 and support 137.5. There is a possibility that a...
On Tuesday, the market bought out all the fall in the last 5 days. A consolidation is forming near the channel resistance and now the price breaks and makes a retest of the 1960.330 level after another test of the boundary. TA on a high timeframe: 1) Note the tail of the daily candle that closed on Tuesday. Buyers in the market are trying to parry the bears'...
GBPUSD breaks the descending price channel, but during the momentum formation the price does not reach the key resistance and makes a U-turn to retest the previously broken boundary - a classic market maker maneuver (cheating the crowd near the limit boundary) TA on a high timeframe: 1) False break of key support 1.23443 could form a bullish reaction 2) Trend...
Gold is forming an interesting situation. While the U.S. had Monday off, there was suddenly a 270 pip candlestick on the chart, which could take traders who traded on Monday out of the market. TA on a high timeframe: 1) A huge candle on the local timeframe was drawn only at those brokers who opened the gold trading session on Monday. Part of the market was not...
EURUSD is breaking the trend. The dollar is not at its best fundamentals are forcing the index to weaken, thereby strengthening the currency pair. TA on high timeframe: 1) Strong bearish rally may be testing the liquidity zone and forming a rebound after a false breakdown of 1.0682 2) Moving averages on the daily chart begin to shift from downward to neutral TA...
The gold is consolidating near a key support level, which the bulls are actively trying to defend. If the next few days candlesticks show negative dynamics for the 1935 level, the gold could fall even lower if it breaks this zone. TA on the high timeframe: 1) Consolidation near the 1935 level. Price begins to form a pullback to the level 2) If resistance to 1953...
NZDJPY forms consolidation above the key liquidity area and above the upward channel support. Most likely, we should wait for a rebound from the support with the continuation of growth. TA on the high timeframe: 1) The moving averages support the price and an uptrend is forming 2) The price forms reversal set-ups in candlestick medians. TA on a low timeframe: 1)...
Gold is testing the resistance of 1952, but it is hopeless. A false break-down is formed, after which we see a new decline towards strong support TA in the high timeframe: 1) The correction continues and the price reaches a key level, a break-down of which will mean a change in the trend. 2) The level of 1935 now separates the technical pullback and the global...
The USDCHF is attempting a bearish trend reversal. The price meets strong resistance on its way and forms a consolidation. TA on the high timeframe: 1) False break of the strong moving average 4 days ago. A pin bar candlestick is formed. 2) There is a local uptrend, which continues an attack on the resistance at 0.90625. TA on a low timeframe: 1) Price pulls...
The price bounces from the resistance area of the descending local channel indicating the dominance of the sellers. The price is once again testing support TA on the high timeframe: 1) The news from the FOMC is not in favor of gold 2) Correction continues and bears continue to attack 1952 support 3) A huge pool of liquidity has accumulated below 1952 (left...
EURCAD breaks the downtrend and forms an ascending triangle. Price is testing pattern support. The market expects a bounce TA on a high timeframe: 1) Price stops after a strong drop (seen on the right chart). The stopping area is 1.45114. 2) But at the same time the price forms a sideways range and cannot yet break through the liquidity area (left chart) TA on...
Gold is forming a double-bottom pattern and testing the resistance of the downward correction in anticipation of the FOMC data. TA on the high timeframe: 1) A correction forms, price breaks support and stops in the 1954 zone, making a false break 2) Volatility declines before the FOMC data release. lower volatility could lead to a further spike in volume TA on...
GBPUSD is being released from the market and after a false breakdown, the price is rapidly falling towards the support of the 1.2344 range, which could push the currency pair back. TA on high timeframe: 1) A counter-trend correction is forming and we see price falling towards the 1.24400 area 2) The price is about to test the 1-month low, which is a strong...
Gold is declining and testing the 1952 level, which might hold the price for a while. But not for long. Another test of the support by the bears might cause the price to break 1952 and head towards 1935 TA on the high timeframe: 1) Rapid retest (2 days later) of 1952 support 2) The correction is gaining momentum. If the support of 1935 is broken through, the...
NZDCHF breaks through the downtrend resistance and forms a cumulative set-up. Price is preparing for a breakout and further growth TA on a high timeframe: 1) The downtrend breaks and price begins to consolidate in front of resistance 2) Price does not update local lows. Volatility decline is forming. TA on a low timeframe: 1) Triangle pattern after breaking...
Gold is in a correction phase (red downtrend channel). As long as we have a descending range after the main trend break, we will prioritize a bearish set-up TA on a high timeframe: 1) Price has broken strong support areas, but still hasn't reached the key ones (1944, 1934) 2) A correction is forming - caused by more positive data in Friday's fundamental...
USDCAD is under pressure from the downtrend. The currency pair is forming a range, which is beginning to narrow and form a consolidation TA on the high timeframe: 1) Downtrend, but at the same time a sideways movement is forming. Price is not updating either lows or highs. Consolidation is forming. 2) Decrease in volatility is a sign of an approaching breakout...
Gold recovered on Friday to the level of 1981.68, which currently plays an important role between the division of the selling and buying area. The Fed did not express a precise stance on Friday, maintaining some neutrality while waiting for the economy to respond, but the hawkish view of a rate hike is declining, which the market reacts to. TA on the high...