Following a period of upward movement, the price experienced a downturn and stabilized around the 2.4 level. Currently, a descending triangle shape has emerged, with the resistance of the pattern being breached. This development signals the dominance of the buyers, leading me to anticipate further upward movement.
GBPCAD has been in an upward trend for the past week. It is currently facing strong resistance at a horizontal level. I am waiting for a breakout, and a close above this resistance level on an intraday candle will confirm the breach. If this happens, we can expect a bullish movement towards at least 1.725. I will provide an update once a breakout is confirmed.
📉Gold is experiencing a downward trend on a 4-hour chart and is consistently declining within a descending parallel channel. At present, the pair is nearing a cluster of resistance, including a horizontal resistance and the resistance line of the descending channel. I anticipate that the decline will continue once it undergoes a retest, and we can expect a...
The price of 📊Gold saw a sudden rise yesterday, leading to the creation of a powerful bullish candle with significant momentum. This candle broke through both a strong horizontal resistance and a resistance line from a descending channel. Consequently, I expect that the upward trend may persist and drive the price further upwards...Trade Safely👍✅
📊Bitcoin experienced a sudden increase in value on Monday. Currently, it is getting closer to a strong level of resistance. I will be on the lookout for opportunities to sell when the price reaches this resistance level, while keeping an eye on how the price behaves throughout the day. In the meantime, it is important to closely monitor the price range between...
The price of 📉FIL decreased significantly yesterday, dropping below the lower boundary of a descending triangle pattern on the 4-hour chart. This was confirmed by a strong bearish candle with a lot of momentum. As for potential support levels, the next one to watch out for is around 5.00/4.500. It is likely that sellers will aim for this level in the near...
As you probably know, we are expecting non-farm payroll NFP news today. The news will dramatically affect all Dollar-related instruments. Gold is currently approaching a support line of a rising wedge pattern on a daily. Very positive news will push the market to retest the current highs. Alternatively, bearish breakout of the support of the wedge will extend...
📈Bitcoin is currently showing a promising bullish pattern on the 4-hour chart, resembling a flag. It has recently tested and successfully held a strong support level, which used to act as resistance. This suggests that the price may now continue its upward trend. The projected targets for this bullish movement are at 47732.
↪️Upon analyzing the shorter time frames, I observed that 📉Gold adhered to a significant horizontal level On the 4-hour chart, there was a definite breakout from an ascending parallel channel, indicating a bearish trend. Currently, the price is undergoing a retest of this level, leading me to anticipate a downward movement...Trade safely 👍✅️
The price of MEME cryptocurrency has found a stable level of support after consistently decreasing along a downward trendline. However, once it reached a particular level, the market bounced back and exceeded the downward trendline. I predict that the cryptocurrency will now rise in value and achieve the target of 0.036323 or higher.