AndeWave

AndeWave

Gold is getting stronger amid favorable fundamental background that emerged after the Fed chief's speech. He suggested for the future that they are preparing to cut the interest rate and the high dollar may come down. Speculators took this as a favorable wind and started buying the asset again Reasons for further growth ↑: 1) The market bought back half of the...

AndeWave

The currency pair continues to form a bearish trend. There are quite a lot of preconditions for further breakout. for example - breakout of 141.6 support will send the price even lower The beginning of correction ↓: 1) Dollar weakness after the news 2) Dollar weakness strengthens the Yen 3) A retest of 141.6 support will lead to a breakout 4) There is no...

AndeWave Updated 

The selling continues. Markets are leading the price towards the global target, where the rally started, due to heavy buying volumes. The weak fundamental background related to NFP, Initial Jobless Claims, supports the dollar, on which background gold will weaken The beginning of correction ↓: 1) Breakout of local support lines 2) Accumulation before further...

AndeWave

EURUSD is testing trend support. A false breakdown is being formed. It would be logical to buy against the uptrend support. But today CPI is published. The data may overshadow buyers, as inflation is still a problem. Analysts expect the CPI to rise, which may have a negative impact on the euro Growth with further support retest is possible: 1) False break of...

AndeWave

NZDUSD bumps into a strong resistance, where the third retest of the local maximum does not lead to a result and a reversal pattern is formed on the market, which goes to the stage of realization. False break of the channel resistance opens the way to the trend support. The beginning of correction ↓: 1) Triple top 2) False break of channel resistance 3) End of...

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...