AndeWave

AndeWave

Gold is waiting for the Fed's rate information. The price makes a false break of the channel support and forms a retest of the 1952 level. TA on the high timeframe: 1) False break of the strong support of 1954, but at the same time the price closes very close near the level, which can be interpreted as a willingness to continue falling 2) A strong correction is...

AndeWave

GBPUSD is performing a technical pullback to the support of the channel, which was previously broken. There is a possibility that after the retest the fall will continue TA on high timeframe: 1) A correction is forming and price breaks support at 1.24500 2) The FED data is published today. Analysts expect positive data for the dollar. The currency pair might get...

AndeWave

The gold makes a second attempt to advance on the level of 1977 and breaks this area. Time will show whether it is a false-break or a true breakout. The TA on the high timeframe: 1) Gold makes a new local low and goes down to 1970. 2) The correction continues. 3) The downside target could be the 1954 level. TA on low timeframe: 1) Price continues within the...

AndeWave

The NZDCAD makes a false breakout of the level 0.84245 and a false breakout of the ascending resistance line. Price is not ready to rise. TA on the high timeframe: 1) sideways range. A correction is forming after a small rally 2) The price updates the local minimum and consolidates under the level 0.84150. TA on the low timeframe: 1) False breakout of strong...

AndeWave Updated 

GBPJPY is attempting to exit the channel. Against the background of a global bullish trend a set-up "FLAG" is forming, which can form a good bullish signal. TA on high timeframe: 1) Bullish trend. 2) Moving averages 50MA, 100MA, 200MA - price support 3) Presumably, the correction ended at 167.7. The growth may continue in the near future. TA on the low...

AndeWave Updated 

EURUSD forms a downward price channel. The boundaries of the range have numerous confirmations. TA on the high timeframe: 1) After the false breakdown of 1.10000 the price fell to 1.0848 and a technical pullback is forming at the moment 2) Price has been showing neutral forces for the last month, as a sideways range is forming. There is no clear trend TA on low...

AndeWave

Gold breaks through the 2000 level and declines within the descending channel. On the daily timeframe there are preconditions for the continuation of the fall. TA on the high timeframe: 1) Tuesday's daily candle closes below the 1999.585 level, which determines the bears' mood to continue this move when price returns to retest 1983.74 2) A correction is forming...

AndeWave Updated 

Gold reduces volatility and retests the 2000.95 level as part of a local downtrend. The price forms a local downtrend resistance, which indicates bearish pressure on the market. TA on the high timeframe: 1) Consolidation near the 2000.995 level, which could lead to a breakout of support and the start of a strong bearish move. 2) The futures seek to test the...

AndeWave Updated 

Gold reduces volatility and consolidates in the 2016 area. Price is forming a triangle and trying to break pattern support. TA on the high timeframe: 1) Gold locally shows us ready to decline. A support area of 2000 is forming on the chart, a retest of the level will lead to a breakout and a decline to 1975 2) Globally, we see an uptrend and we should be careful...

AndeWave Updated 

GBPUSD forms a rebound from the support of the uptrend channel, demonstrating the relevance of the bullish trend. TA on the high timeframe: 1) A bearish takeover is not yielding much at the moment. The market is starting to buy back the decline 2) The trend is still bullish and with high probability it may continue 3) The fundamental background is moderate. TA...

AndeWave

Gold forms a technical pullback to the resistance area of 2016. A retest of 2016 forms a consolidation below the level and the market gives us a sell signal TA on high timeframe: 1) Price closes near a strong support level - possible development of a sell scenario 2) The price is not ready to recover yet, as gold hits resistance at every attempt TA on the low...

AndeWave

The USDCHF is approaching strong resistance. Earlier the price broke the global downtrend and is starting to form an uptrending price channel TA on the high timeframe: 1) Friday's daily candle closes near the strong resistance level of 0.89952 - the premise is that the market is preparing to continue moving 2) After overcoming the level of 0.8995, a strong...

AndeWave

Gold continues to decline and this time the price is testing key support, which is the upper boundary of the trading range: 2000, 1977 TA on the high timeframe: 1) price is testing the local low of 1999 2) it is in a bullish trend but correction is starting to take shape TA on a low timeframe: 1) Price retests support 2000. This level is the upper boundary of...

AndeWave

The USDCAD is rallying to 1.35000 and stopping to form a strong consolidation area. The probability of breaking through the resistance is increasing with each passing minute. TA on high timeframe: 1) There is no clear trend. The price is in a sideways range. It is both buy and sell. 2) There is a rebound from the support area and the price tends to liquidity...

AndeWave

Gold is squeezed in a range. Resistance range 2048, support range 2020. The local key support level, from which the price can rise, is located at 2030. TA on the high timeframe: 1) Important news today (PPI, IJC) that could either push the price up or send the price to 2000. High volatility is expected. 2) The trend is bullish, the price does not pass through...

AndeWave

GBPAUD forms a rebound from strong support and seeks to test a key resistance that could send the price down. TA on the high timeframe: 1) We have a strong uptrend 2) The price forms a technical pullback from 1.9000 and is testing a key support base, a break of which could form a reversal and a deep correction TA on the low timeframe: 1) Support area at 1.86335...

AndeWave Updated 

Gold is testing resistance at 2030, but it is forming a false break, which might activate the correction phase. TA on the high timeframe: 1) The global trend continues, the price is not going to test the critical zones where the crowd will panic (like the 1975 area) yet 2) Price, globally, continues to update highs 3) SMA50, SMA100, SMA200 support the trend TA...

AndeWave

The NZDUSD is making a retest of the resistance at 0.6379 a month after its formation. It will be difficult for the price to overcome such level from the first time, hence, after the formed false breakdown we should expect a pullback. TA on the high timeframe: 1) The chart on the right cannot show us any key trend. The price is in a sideways range, hence it is...