On the H4 timeframe, we have identified a support level (current resistance) that the price is already positioned below, providing a breakout. If the price cannot re-enter this resistance level, expect a strong downtrend movement. Remember, the closing and position of the H4 timeframe candle above 1.3150 will serve as a warning for the start of a re-uptrend...
🚨 GBP/USD Update OANDA:GBPUSD
🗓️ Date: 25 February, 2024
⏰ Timeframe: Daily
💡 Given in the chart –
♦️ Blue color -(Descending Triangle ) = D1
♦️ Red color -Resistance Level = 1.2714
♦️ Green color -Support Level = 1.2528
The currency pair did not see any good movement in the last week i.e. February 18-24. This is mainly due to the lack of publication of any...
🚨 Crude Oil #WTI
🗓️ Date: 12 February, 2024
⏰ Timeframe: Daily
💡 Given in the chart –
♦️ Green (long term support) = 67.50
♦️ Red (resistance) = 78.85
The price has been in the range (red color) on the chart since December last year. Price touched this range several times but failed to deliver a breakout. As long as this range remains active, the potential...
🚨 XAU/USD Update (New)
🗓️ Date: 12 February, 2024
⏰ Timeframe: H4
* RED Color (Major Resistance Area) = 2056-62
* Green color (Support) = 2013
* Range 2013-40
💡 There is no trend in the movement of gold since the beginning of February. Price exists within a certain range (green color). In the meantime, the price has touched the support and resistance levels of...
🚨 EUR/USD Update
🗓️ Date: 12 February, 2024
⏰ Timeframe: H4
💡 Given in the chart –
♦️ Black color (trendline) = 1.0830-50
♦️ Green color (fib level) = 1.0809-30
The overall trend of the currency pair is down. You can see the position of a trendline on the chart. As long as the price remains below this trendline, the downtrend will continue.
Potential...
