DenizTrading

DenizTrading

The weekly candles on GBPUSD point to a clear ascending broadening wedge pattern. The last wave reached the price of 1.3220, which corresponds to the upper boundary of the wedge pattern. I expect another bearish wave to start soon and reach at least the 1.28 area.

DenizTrading

There is an upward trend in gold almost for two years. Trend based Fibonacci expansion target %100 percent has been reached today. Moreover, the price reached long term channels top line at the same point. So, we will see whether the trend come to an end in next weeks.

DenizTrading Updated 

The Price formed a clear descending broadening wedge in daily candles. Descending broadening wedges are evaluated as bullish reversal formations, most of the time. So Keep an eye on the upper boundaries of the wedge. If the price can break above the line, the price may reach the indicated target.

DenizTrading Updated 

On the 4-hour candles, an obvious falling wedge is emerging. Look for buy setups on the lower edge of the wedge and if the price can break the upper limits of the wedge, hold the position until the indicated target.

DenizTrading

A large rising wedge is seen in the Gold/Euro pair for the monthly candles. The Gold/Euro pair is an ascending trend over the years. Since the rising wedge is a reversal pattern at the end of ascending trends, a correction phase may start in the near term when the lower boundary of the wedge is broken.

DenizTrading

As seen in the chart, there is a "Ascending Broadening Wedge" pattern in the DXY. This is normally a bearish pattern with a trend reversal. Therefore, we have two options in front of us. 1) The first option is for the wedge to have one more leg to the upper resistance line. This can happen when the minor bearish trend line is broken to the upside. 2) The second...

DenizTrading

There is a falling wedge formation on AUDUSD pair. If the breakout of the wedge resistance come true, the price target may reach 0.67 region.

04:41

DenizTrading

The price is moving in channels of yearly, monthly and weekly ranges. I tried to explain my opinions in this respect. If the price stay above 1.0630 resistance, it may grow up to the middle resistance of the weekly channel till 1.10 range.

DenizTrading

Rising Wedge pattern, which is a reversal formation, is seen on Gold. After the break of the support of wedge price is expected to fall sharply until 1750.

DenizTrading

Probably DXY had already reached its peak for the time being. We are going to correction phases for a couples months.

DenizTrading

The green circle depicts the area where trend based Fibonacci extension and time zone intersect. So the end of the down trend, today will be the first day of new trend that will start to go up.

DenizTrading

Check the impulses and channels created by the price, and follow one of the scenerios for the following months.

DenizTrading

Stop Loss level 1.1980. Target minimum 1.2150 may go 1.2250.

DenizTrading

EURUSD hitted the low Monthly Fibo 61.8 lvel at 1.1890, 1st step: this level is a strong demand area and may be good for a buying oppurtunity. (Stop loss level 1870). 2nd Step And if 1st step happens then try selling from 2030 level can be tried. (stop loss 2050).

06:21

DenizTrading

Thee price hitted the strong monthly resistance zone, and on daily tme frames formed a structure called "Rising Wedge", this may be signal of a reversal movement at least to the bottom of the trend line or even to tst the montly trend line which was broken previously.

DenizTrading

This formation is not in a perfect shap and in my opinion there are possible fake breakdowns in the structure. The possible final target of the formation will be 1.150 at the end. The shorting opputunities that may be used during the formation start from 1.1830-1.1850 region as it stands now, or 1.1930-1960 region. Please give a comment about my strategy, like it...

DenizTrading

With the current channels provided on EUR/USD, my prediction on how the prices may move to the monthly fibonacci 38.2 target zone with wave analysis.