AndeWave

AndeWave

GBPUSD is making a false break of the channel resistance, forming a "head and shoulders" pattern, which can weaken the currency pair. TA on high timeframe 1) Everything is stable. We have a fairly confident uptrend. 2) The dollar index is strengthening from the beginning of the session TA on low timeframe: 1) We have a false breakdown against the uptrend. 2)...

AndeWave

Gold returns to the key range of 2019-2048. False breakdown and price consolidation above support is likely to give us further gains TA on the high timeframe: 1) Global trend continues 2) Local false breakout of resistance, but at the same time, buyers have returned some of the decline TA on low timeframe: 1) Price returns to range 2) Consolidation of price...

AndeWave

The USDJPY was shaken up badly on last week's news. The price has tested support at 134.00 and is starting to show positive momentum again. TA on a high timeframe: 1) Globally there is no clear trend. The price is in a sideways range. 2) The price goes from the support retest to the side range resistance within local uptrend. TA on a low timeframe: 1) Price...

AndeWave

Gold forms a 2048-2019 range. There is a possibility that before the release of NFP data, the price may reduce volatility and stand in a narrow range TA on the high timeframe: 1) NFP is expected to be positive for gold, hence the price of the metal could get stronger all the way to 2080-2100 2) The trend is ascending. 3) On the daily chart there is a...

AndeWave

AUDUSD is breaking resistance and thus indicating a priority trend. The expected data from NFP may strengthen the currency pair. TA on high timeframe: 1) The fundamental backdrop promises to be negative for USD, hence the currency pair may strengthen 2) The trend is neutral as the price is between 0.68000 and 0.65770 TA on the low timeframe: 1) Price breaks...

AndeWave

Gold is flying up and testing the 2023 high of 2067. After a strong rally and shakeout, it would be logical for the price to stand still. TA on the high timeframe: 1) Gold makes a false break of key resistance at 2048.77 2) Strong bullish trend continues 3) Daily moving averages act as support TA on the low timeframe: 1) A local upward support line is forming....

AndeWave

GBPUSD is forming a strong uptrend. The news on Wednesday had a positive effect on the currency pair and thus the British pound was able to strengthen. TA on high timeframe: 1) A prolonged uptrend, but not as active. An accumulation is forming, but at the same time the price is at multi-month highs. 2) There is a strong support base of 1.24500 for the price on...

AndeWave Updated 

Gold forms a bullish momentum and moves into a consolidation format between 2019 and 2014. If the support is broken, the price will move into a correction phase, but there are prerequisites for the growth to continue as well TA on the high timeframe: 1) Bullish momentum allows MA-50, MA-100 and MA-200 as support again. 2) Also, strong support is forming in the...

AndeWave Updated 

USDCHF forms a retest of the strong support zone, which includes the trending downward resistance line, which was previously broken and the key support level of 0.88595. TA on the high timeframe: 1) Important news is published today (marked on the main chart). News of various nature can be quite confusing as it all depends on the current indicators, but there is...

AndeWave

Gold is gradually rebuilding the local boundaries of the descending wedge. By the end of yesterday's trading session, on the background of the news, the price makes a shake-up, today another attempt to break the local resistance is formed. TA on the high timeframe: 1) We still have a global uptrend 2) The bulls are stubbornly resisting and trying to hold the...

AndeWave

EURUSD is forming an ABCD pattern (descending triangle) and today price is breaking support, going into the red zone, which could be a signal for a possible drop. TA on the high timeframe: 1) Price breaks MA-50 and MA-100. After the breakdown of the moving lines a bearish impulse is formed 2) Breaking through the support means the beginning of a correction, which...

AndeWave

Gold for a long time was in a sideways range, which is gradually turning into a symmetric triangle format. A breakout of one of the boundaries will determine the further direction of the price movement. TA on the high timeframe: 1) Bears are on the offensive from defense and forming a consolidation for a possible breakout. 2) Strong consolidation forms energy to...

AndeWave

Gold moves up out of range. The global trend remains with the bulls, now the task of the buyers is to keep the price above the key line. TA on the high timeframe: 1) The global trend continues 2) The price starts to buy out the local decline a bit. A bullish consolidation is forming (maybe) 3) The price makes a false break-through of MA-100 and the market may...

AndeWave

Gold is forming a downward price channel. Something similar to the "triple bottom" pattern is forming in its lower part and apparently the bulls are trying to defend the market. TA on a high timeframe: 1) The trend is still bullish, hence the buyers are still trying to fight 2) The price needs to gain liquidity to continue rising, most likely by false...

AndeWave

Gold forms a downward price channel. The price breaks through the key 1988 liquidity zone and forms a retest. There is a high probability that the fall within the downtrend will continue TA on high timeframe: 1) Price is testing the key support zone 1980-1981. The next retest could form a breakdown of this area 2) There are no bullish signals, the price is...

AndeWave

Gold begins to form a downtrend (local). As evidenced by the emerging downtrend channel. There is a possibility that the price may fall from the 1993 level to 1960. TA on a high timeframe: 1) Attempt to break the strong support of 1990 2) False breakdown at 1990 does not give a reaction in the form of an up-trend 3) The price goes back to 1990 - a retest is...

AndeWave

Gold breaks the ascending wedge pattern and is about to change the local trend. The high timeframe shows us a controversial situation. Let's get to the bottom of this TA on the high timeframe: 1) Right chart - breakout of a strong support area. The price gets the potential to aim for 1940 2) Left chart - breakout of 50SMA and 100SMA. There is strong support...

AndeWave

Gold pulled everyone down yesterday. There could be several reasons: the market maker and his traps, increasing liquidity and so on. A false break-down of the level of 1985 sends the price up again and a retest of 2000 is formed. The TA on the high timeframe: 1) We are still seeing strong gains. 2) Strong consolidation in the ascending range as the price is...