Lingrid

Lingrid

Marketing serves as a powerful catalyst, attracting millions of newcomers to trading each year, many of whom quickly incur losses, much to the delight of brokers. In most instances, these losses can be attributed to the traders themselves. Regulators make efforts to warn those seeking quick profits, often highlighting disclaimers on the home pages of nearly every...

Lingrid Updated 

This week OANDA:XAUUSD surged to an all-time high, fueled by increasing expectations of a potential interest rate cut from the Federal Reserve. The price rose over 3%, marking its strongest weekly gain since August. This optimism is driven by concerns about inflation and global uncertainty, which have led to expectations of a rate cut aimed at stimulating the...

Lingrid

FX:EURUSD initially dropped below the previous support level but quickly bounced back, closing above the psychological level of 1.11000. This swift recovery suggests strong buying interest at that level. From a broader perspective, the downward channel appears to be a flag pattern, which often indicates a potential breakout. I believe the market is poised for a...

Lingrid

BINANCE:BTCUSDT appears to have found support in the 54000 - 53800 area, as evidenced by three fake breakouts on the daily timeframe. This indicates that this level holds significant importance; each time the price dipped below 53800, it closed above it afterward. I believe the market may remain in a range until the Federal Reserve's rate cut decision on...

Lingrid

FX:GBPCAD is currently fluctuating near the main resistance level and the upper boundary of the consolidation zone. The price has shown impulsive movements, oscillating between support and resistance levels. I believe the price may decline from the resistance, as the market has rejected this level and is likely to move downward to retest the support level. My...

Lingrid

The price perfectly fulfilled my last idea. OANDA:XAUUSD reached an all-time high of 2570, hitting both the resistance zone and the channel border. With no high-impact news today and given that it’s Friday, there's a likelihood that we might see a pullback, as markets often make corrections at the end of a trending week. Additionally, the price action appears to...

Lingrid

OANDA:AUDNZD has bounced off the channel border after forming a consolidation box. Overall, the market is in a bearish trend on both the daily and 4H timeframes. Following the recent hit to the support level, the market has moved sideways, suggesting that we can expect the price to oscillate between the bottom and top of the established range. Given that the...

Lingrid

The price perfectly fulfilled my last idea. OKX:TONUSDT formed a double bottom below the key level of 5.00 and has since bounced back, closing above it. However, recent price action appears to be losing momentum due to the presence of bearish divergence, which could indicate a potential pullback. Looking left at the chart, we can see that the price has been...

Lingrid

OANDA:XAUUSD has pulled back, as I mentioned in my post yesterday. The price is currently trading within the range of the previous day. At this point, the market could move in either direction due to the high-impact news today. Overall, the price continues to bounce off the psychological level of 2500. I believe that if volatility increases, this level, combined...

Lingrid

FX:GBPJPY has gained bearish momentum and has reached the support level, where it is likely to consolidate. On the 1H timeframe, we can clearly see the bearish trend characterized by lower lows and lower closes. Recently, the price bounced off this level and is currently moving towards the psychological level of 187.000. I anticipate that the market may...

Lingrid

BINANCE:AVAXUSDT market is currently moving downward, making lower highs and approached a critical support level. Following a pullback towards the resistance zone, the market failed to gain further upward momentum. This price action formed a divergence, and the price has since fallen below the key 24.00 level. Moreover, the price has broken below the upward...

Lingrid

The price perfectly fulfilled my last idea. OANDA:XAUUSD is currently pushing upward and making higher highs, with the price reaching the top of the established range zone. This resistance zone is a key level to watch; a breakout above it could open the door for higher targets, potentially reaching 2550. With the CPI news set to be released today, there's a...

Lingrid

FX:GBPNZD has fallen below the 2.1300 resistance zone. Observing the past few daily candles, we can see the formation of rejection bars with long wicks, indicating potential bearish pressure in the market. Recently, the market has also formed a double top pattern, suggesting that bullish attempts were rejected twice, reinforcing the selling sentiment. Given this...

Lingrid

Overall, BINANCE:ADAUSDT appears bearish on the daily timeframe. However, it seems to be in a consolidation phase as the entire crypto market moves sideways. The price has established a range below the 0.35 resistance level, and I believe it may decline to retest the support areas. Additionally, the formation of a doji candle on the daily chart indicates a pause...

Lingrid Updated 

OANDA:XAUUSD market remains overall bullish; however, recent price action indicates a consolidating trend. The weekly timeframe showed three consecutive three doji candles, highlighting indecision within the market. As a result, it seems logical to anticipate continued consolidation between the 2470 and 2525 levels. On Friday, the market experienced a sharp...

Lingrid Updated 

FX:USDJPY has tested the resistance zone at 140.000 multiple times, resulting in several bounces. After two attempts to break through this resistance, it formed a double top pattern, leading to a new extension low. Instead of updating its recent highs, the market made an impulsive move downward. On the weekly timeframe, an engulfing candle was formed, indicating...

Lingrid

The price perfectly fulfilled my last idea. FX:EURNZD made a significant nosedive on the daily timeframe but has since pulled back after bouncing off a support level. This pullback resulted in a 50% retracement, with rejection candles appearing on the daily chart. Currently, the price is testing the psychological level of 1.8000, and it's evident that the market...

Lingrid

BINANCE:XRPUSDT has been in a bearish trend for the past three weeks, creating by lower lows and lower closes. On the daily timeframe, the price action is in a significant consolidation zone between the 0.62 and 0.50 price levels. As the market continues to push down towards the bottom of this range, I believe there is a likelihood of a retest of the support...