AndeWave

AndeWave

Gold will continue its decline. There are a number of reasons for this: Fundamentally, gold is weakening (Strong dollar from NFP) Break of 2009.6 support The correction wave continues its second part False break of 2067 Target support area 1933 The market closes Friday below the support level. But, a counter-trend spike is formed, which may trigger...

AndeWave Updated 

The beginning of correction ↓: Difficult situation. All the potential has been exhausted since the beginning of the trading session. But at the moment nothing but correction and selling should be considered. 1) Important level 2065. 2) retest and break of 2065 level will form sales and price correction to the support. 3) The market has updated the maximum of...

AndeWave

Suggested decline ↓: The currency pair is forming an ascending channel and a double top The retest does not help the breakout. 1) Double top, buyer weakness 2) Resistance retest did not reach the high, strong zone 3) Correction after resistance retest 4) Zone of interest at the moment below 1.2603

AndeWave Updated 

The beginning of correction ↓: Strong rally ends with a false break of the local level 2043 and global resistance 2049. The market should gather potential and liquidity before the next spurt as the global target of 2068 is not yet reached 1) False breakout, stoppage 2) No update to local highs 3) Distribution stops in the 2049-2045 area, indicating the start of...

AndeWave

A stalemate! News ahead: Prerequisites for the fall ↓: 1) False breakout and price consolidation below the channel resistance can send the price downward 2) A breakout of 0.382 Fibo may trigger a fall. 3) The price may reach the trend support as part of the correction 4) This decline may start on the background of bullish news in the US market. Prerequisites...

AndeWave Updated 

The currency pair is forming preconditions for a possible break of the trend support and an attempt to change it. The price forms consolidation near the support even after the level retest. there is no expected reaction - bounce from the level. Bears are trying to dominate We are getting a chance to see a trend change. But again, since a bullish trend is...

AndeWave

Gold continues to strengthen on the trend. This market is attracting more and more investors every day on the background of geopolitical and fundamental factors. I expect the market to continue its upward trend as there are several reasons for this. 1) We are in a strong bullish trend 2) Price is breaking strong support lines today and testing new highs. 2.2...

AndeWave

GBPAUD breaks the resistance of the descending channel and forms consolidation. The market is forming a support retest before the upward jerk. Most likely, there is still not enough liquidity for growth, although the pound sterling has been showing bullish dynamics lately. Prerequisites for further growth: 1) Bearish channel resistance breakdown 2) A symmetrical...

AndeWave Updated 

GOLD is not giving up. The price continues to observe the boundaries of the uptrend. Another retest of resistance after a test of support is being formed. At this point, a setup is forming, after which a correction to the trend support area may be formed Prerequisites for a pullback and further growth: 1) Price tests resistance three times, each new reversal is...

AndeWave

EURUSD is forming a new ascending range. The support of the trend is the previously broken resistance of the ascending channel. A pattern is forming on the chart, which may strengthen the price to the next psychological level of 1.1000 Prerequisites for further growth 1) Bullish trend 2) Weakening trend in the US dollar, which technically strengthens the euro. 3)...

AndeWave

NZDUSD shows us bullish dynamics. At the moment a false break of resistance is being formed, against which a correction may be formed, as the dollar may strengthen a little bit Prerequisites for further growth: 1) Bullish trend 2) The dollar will weaken further as the US inflation is weakening. 3) NZD price is rising against the dollar, the currency pair is not...

AndeWave

GOLD is recovering at the retest of the support of 1932. The news background favorably influences the price of metal. During the rally, the market breaks the level of 1962 and apparently heads towards 2000 Prerequisites for further growth: 1) Bullish trend 2) Favorable fundamental background 3) Price consolidation above previously broken resistance 4) After...

AndeWave

GBPNZD under market pressure is declining towards the support within the formed range. On the background of the rally, there is a high chance to see a bounce from the support before further decline. Prerequisites for a rebound and for a fall: 1) We have a downtrend forming within a bearish price channel 2) False break of resistance indicates buying weakness, the...

AndeWave Updated 

GOLD is under bear market pressure. The sell-offs bring the price down to 1932 and form a consolidation. The market is building up for a further fall, and the correction may be quite protracted. Prerequisites for further fall: 1) there are no deep pullbacks after support retest 2) Consolidation is forming in the zone of local minimum. 3) Strong dollar negatively...

AndeWave

NZDCAD forms a trend change and continues to update local lows showing us the current trend. Prerequisites for further decline: 1) The market is neutral, flat is formed 2) The price bounces from support and heads to resistance to retest the line. 3) Locally - bearish trend. Resistance may push the price back Resistance levels: 0.8134, 0.8144, 0.8155 Support...

AndeWave

EURCAD is forming a pattern that can continue trend formation. On the chart we see an ascending triangle and a rebound from support. I am waiting for a breakout of resistance Prerequisites for further growth: 1) Fundamentally, EUR has a positive background 2) Bullish trend 3) Rising triangle and bounce from support 4) Price forms resistance retest 5) Waiting for...

AndeWave

GOLD is in the phase of realization of the reversal pattern "head and shoulders". Breakthrough of 1962.67 level and subsequent retest with further decline confirms this nuance. Prerequisites for further decline: 1) Weak fundamental background - the dollar is strengthening due to the news 2) Gold tests 1962, but cannot break through the level and the price falls...

AndeWave

GBPCHF is forming an attempt to break through resistance, but the liquidity area and fundamental component does not allow this to happen. A reversal setup is forming. The price breaks the trend support on the background of weakening of the pound sterling. Prerequisites for further decline: 1) The pound sterling is weakening in the market. 2) The price breaks the...