AndeWave

AndeWave

GOLD both technically and fundamentally, on the background of high interest, may continue its growth. There is strong news ahead, which may affect in different ways, as it is impossible to determine in advance what will happen. But, on the back of increased jobless claims, NonFarmPayrolls could be negative for January Reasons for further upside: 1) NFP, based on...

AndeWave

GBPUSD may show further growth. There are several reasons for this, including the positive geopolitical and fundamental background for the Pound. NFP could be bad on the back of US jobless claims increasing, which could affect the employment rate. Reasons for further gains: 1) Today will be NFP. Expect the data could be bad for $ 2) Price breaks local...

AndeWave

Gold may continue to fall in the medium term as there are now no clear reasons for further gains. Fundamentally, the dollar still looks strong, which could technically weaken gold. For the gold market and market maker, there are important targets below 2000, where, theoretically and technically, could bring the price down. Reasons for further decline: 1) False...

AndeWave

EURUSD may continue its decline amid economic instability. The dollar index is strengthening on market manipulation by the Fed. The regulator is not going to reduce the interest rate early. The euro is declining against this background, showing some weakness. Reasons for the decline: 1) Market structure is changing 2) The previously broken trend plays into the...

AndeWave Updated 

Gold can't overcome the resistance as the market has no potential at the moment against the backdrop of a strong dollar. Perhaps the whales are waiting or the market maker is aiming to take the price even lower before further growth, but the gold is currently showing signals for further decline rather than growth. Reasons for further declines: 1) Consolidation...

AndeWave

EURGBP may continue its fall as the market breaks support after a retest. A weak market on the euro side could give way further. For now, it is worth waiting for consolidation below 0.855 to continue the fall. Overall, the global trend is changing and this opens bearish perspectives. Reasons for further declines: 1) The Euro is weakening to the point where it...

AndeWave

GOLD may continue its decline as the metal is loaded on the resistance side. Bears are a bit stronger than buyers at the moment. The market continues to test support areas, which in all likelihood may lead to a decline in the medium term Reasons for further declines: 1) Downtrend 2) Dollar support, index is rising 3) Price is not updating highs, but updating...

AndeWave

USDJPY will continue its growth provided that the dollar index will also continue its growth. Japanese banks are not doing well, the national currency continues to weaken. The dollar index may rise a little bit, as the interest rate cuts are still far away. Based on technical assumptions, there is a chance to see the continuation of the currency pair...

AndeWave

Gold falls, market turns its attention to US banking-related regulatory announcement. The dollar is strengthening at the same time, which has a corresponding effect on the gold market. Since gold is in a bearish trend and is making new lows, we expect a decline based on the following assumptions. Reasons for the drop: 1) The fundamental background for gold is...

AndeWave

The market is forming a consolidation while waiting for news in the US, as it is impossible to know in advance what the data will show. Earlier the currency pair broke the support of the uptrend and apparently there is a chance to see a retest of the resistance before the price falls towards 1.075 Reasons for the fall: 1) Structure breakdown, price breaks...

AndeWave

Gold continues its correction. Statistically, in 92% of cases, the price always returns to a previously broken level to retest it before continuing to move in one direction or the other. In our case, this is the downtrend area that was previously broken Reasons for growth: 1) The Jan. 12 momentum broke the downtrend structure 2) Correction is being formed to...

AndeWave

USDJPY may continue its growth on the back of the rise in the dollar index due to fundamental reasons. Technically, the currency pair is forming a bullish trend, it can be understood by the rising lows and highs. The target in our case could be 148.5 Reasons for further upside: 1) Trend breakdown 2) Yen is weaker than the dollar. The pair is rising following...

AndeWave

Gold consolidates buyers due to global crisis linked to another armed conflict. The metal is increasingly attracting capital as a hedging asset in times of crisis. I think the outlook for a few weeks is predetermined. We should expect a retest of 2150 in the near future. Reasons for further increases: 1) Armed conflict on the world's main trade artery near...

AndeWave

GBPJPY may continue its uptrend after breaking the nearest resistance. The potential is good as the Japanese Yen is losing ground against the fundamentally strong Pound Sterling Reasons for further upside: 1) Breakout of the CHoCH line indicates active buying power 2) PDH retest is forming, breakout and consolidation above 185.66 will give a buy signal 3)...

AndeWave

Gold does not update the minimum and maximum, forming consolidation, as the market is now undecided with the further direction. For the whole week, important news is published today, which the market is waiting for. Regarding the consolidation, we have 2 scenarios. Because of the impending news, there are several scenarios: 1) 2040 resistance plays a key...

AndeWave

GBPAUD is forging a consolidation as market participants try to decide on the potential. The level of 1.9015 is an important zone for the participants. Overcoming the boundary of the consolidation range will form an entry point for price movement in one or another direction Consolidation can lead to both ups and downs: 1) The market is testing a strong...

AndeWave Updated 

USDJPY may start strengthening on the back of a rising dollar after the end of a small correction. All last week the market received strong news for the dollar. At the moment there is a bullish mood in the market Prerequisites for further growth: 1) The dollar is strengthening fundamentally 2) Yen is technically weaker and continues to fall 3) Retest of support...

AndeWave Updated 

GBPUSD could continue to strengthen on trend as the market is increasingly expecting a weaker dollar. The price of the currency pair is forming above the support line after a false breakdown, which could potentially form a continuation of the upward trend Prerequisites for further growth: 1) Retest of trend support forms consolidation 2) False breakdown of...