AndeWave

AndeWave Updated 

GOLD updated its high on Friday to 2009 and is now forming a correction. Most likely the market may be interested in liquidity to the area of 1990-1980. The growth may continue. Prerequisites: 1) Strong trend stops, consolidation forms after the stop. There is no deep correction or fall and renewal of lows 2) Support retest is formed after updating highs 3) The...

AndeWave

USDCHF breaks through the resistance at 0.9000 and forms a strong consolidation above this line. But, if the dollar gets negative news (a lot of reports publication ahead), 0.9000 will break and the price will fall to 0.89600 Prerequisites: 1) Why I am expecting a rise - break of resistance and consolidation above the level 2) It is worth paying attention to DXY...

AndeWave

EURGBP continues to form an uptrend. consolidation appears on the chart near strong resistance Prerequisites: 1) Retest of 0.87345 resistance, no downside after false breakdown 2) Another retest is forming 3) The ascending triangle shows bullish potential. 4) There is upward support in the market, accumulation in volumes 5) Consolidation under the level and the...

AndeWave

GOLD is in consolidation phase. Although the triangle resistance was broken, the market is still gathering volume. The market sentiment is bullish, as is the global trend. TA on the high timeframe: 1) Like the dollar index and gold, consolidation is forming in the market 2) It is worth paying attention to today's dollar news. TA on low timeframe: 1) Retest of...

AndeWave

EURJPY breaks trend support and prepares to fall. The local trend may change amid JPY intervention and EUR weakening TA on the high timeframe: 1) Strong bullish trend. 2) Support area retest TA on low timeframe: 1) Price breaks trend support 2) The level, which can be broken to start a strong down phase, is still holding the price back - 158.29. 3) If 158.29 is...

AndeWave

Gold continues to strengthen despite the growth of the dollar index. Fundamental news affects gold more strongly than the correlation with the dollar TA on high timeframe: 1) Price breaks resistance and closes above the level after a 3-4 day retest 2) The trend is bullish and I think we should continue to consider buying TA on the low timeframe: 1) A breakout...

AndeWave

NZDJPY continues its bearish trend. The price is in the descending price channel. Against the background of these data, it is worth looking for strong resistance levels for further sales TA on the high timeframe: 1) the bearish trend follows the NZDUSD, which is weakening amid the strengthening of the dollar TA on the low timeframe: 1) A false support breakout...

AndeWave

GOLD is forming a false breakdown of resistance. Market sentiment is changing, but for the medium term, this hints us at a possible trap before further growth TA on the high timeframe: 1) A logical reaction to resistance is forming 2) Bullish trend 3) Favorable news to strengthen gold TA on the low timeframe: 1) A retest of 1984 resistance leads to the...

AndeWave

USDCAD breaks the resistance of the ascending triangle and hits the key resistance. A pullback is possible after which the growth will continue TA on the high timeframe: 1) After the correction a v-turn pattern is formed 2) global bullish trend, on the background of strengthening of the dollar index may continue to strengthen the currency pair. TA on the low...

AndeWave

Gold is correcting after a false support breakout. We may see a flat formation inside 1984-1853. Support may be tested soon, which will push the price upward TA on the high timeframe: 1) Strong bullish trend and correction after a false breakdown 2) The dollar index is standing still, which makes many doubtful. This is also negative for gold TA on the low...

AndeWave

EURAUD is forming a strong correction within which it may reach trend support in the near future. From the support, based on the basic fundamentals of intra-range trading, I will wait for a bounce in the trend direction TA on the high timeframe: 1) Global bullish trend 2) Price in consolidation inside the corridor between volume density. High probability of a...

AndeWave

GOLD reaches a strong resistance level and stops. Most likely, the stop will be temporary to accumulate volumes before further growth TA on high timeframe: 1) Dollar weakness gives new potential for gold 2) The market is showing a strong bullish trend TA on low timeframe: 1) False breakout, retest and consolidation of price below 1984 shows a possible pullback...

AndeWave

EURUSD is trading inside the sideways range - flat. A false breakout of resistance is formed, this signal can send the price to 1.0490. TA on high timeframe: 1) The price forms a symmetrical trigonal pattern 2) After a false break of resistance, the price may head for a break of the triangle support and start a further fall to the flat support. TA on the low...

AndeWave

GOLD is testing the resistance formed back in the spring and summer of 2023. The resistance level is strong enough and can stop the distribution, after which a counter-trend correction may occur TA on the high timeframe: 1) bullish trend while the dollar index stands still 2) price is approaching a strong level, several months have passed since the last...

AndeWave

GBPCAD is breaking trend support and testing the level of 1.6606. Consolidation under the level will form a sell entry point TA on the high timeframe: 1) Global trend is bearish 2) The correction is ending. The signal is a support breakout TA on low timeframe: 1) Price breaks trend support after failing to make a new high 2) Market sentiment is to sell...

AndeWave

Gold reaches one of the key resistances. BUT, after false resistance, a strong consolidation forms near the upper boundary of the range TA on the high timeframe: 1) A high potential for further downside is forming as there was no momentum on the resistance breakout 2) After a false breakthrough a consolidation below the line is formed - signal TA on low...

AndeWave

GBPJPY continues to form a flat. Earlier there were false breakouts of resistance and support (shakeouts) And another breakout attempt may lead to a real breakout, not a false one TA on the high timeframe: 1) The pound continues to weaken and is testing support. The currency may weaken in the long term 2) Similarly, the GBPJPY may test the support at 180.7 in...

AndeWave

On the senior timeframe we see a stop after a strong distribution. This may last until the price breaks the resistance of 1929. At this point, consolidation and a retest of resistance is forming TA on the high timeframe: 1) The bullish trend is strong 2) The area of 1929-1932 stops us from further growth. TA on the low timeframe: 1) Price is consolidating....