MarkhorTrader

MarkhorTrader

GBP/USD remains under pressure, persistently setting lower lows in a bearish trend. A recent rejection from the 0.618 Fibonacci retracement level signals continued weakness.

MarkhorTrader

NAS100 has recently touched a key trendline, finding significant support that could lead to a bullish reversal. This trendline bounce suggests potential upward momentum as buyers re-enter the market.

MarkhorTrader

EURUSD has formed a double top pattern, accompanied by divergence, indicating a potential bearish reversal.

MarkhorTrader

EURCAD recently encountered a strong rejection at a key resistance level, signaling potential downside momentum. This reversal hints at a possible bearish continuation as sellers gain control.

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CHFJPY is currently showing bullish momentum, with a recent touch and bounce off the trend line. This rebound suggests a continuation of the upward trend, offering a potential entry point for traders.

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The AUDCAD pair is currently receiving support from a key trendline, with a divergence signaling potential upside momentum. This technical setup may indicate a shift in price direction as buyers defend the trendline support level.

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Palladium is showing signs of exhaustion as it forms a rising wedge pattern accompanied by a bearish divergence. This classic setup indicates a potential reversal or breakdown, with momentum waning despite higher price action. Watch closely for a breakout from the wedge.

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This chart illustrates a notable divergence in Platinum, which has recently broken below a key trendline. This technical signal may indicate a potential reversal or shift in market sentiment.

MarkhorTrader

This chart highlights a bullish setup for USDJPY, with the 0.618 Fibonacci level serving as a key entry point. Additional confluence from a rising trendline strengthens the bullish bias. I'm monitoring price action closely at these levels for confirmation before executing the trade.

MarkhorTrader

This chart highlights the bearish outlook for EURUSD, supported by key Fibonacci retracement and extension levels. With recent price action confirming downward momentum. Stay tuned for further updates as we track the market's next move.

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AUDJPY is gearing up for a potential breakout from an ascending triangle. With rising lows signaling buyer strength, the key question is whether the pair can break through the resistance at and unlock further upside.

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The bullish flag on Silver suggests that the market is in a temporary consolidation phase, with bulls gathering strength for the next push. A break above the pattern's resistance could trigger a continuation rally, while failure to do so may lead to further sideways movement.

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RTY1 attempted to break through a key daily resistance level but failed, signaling potential weakness in bullish momentum. Watch for a possible retracement toward support zones or consolidation before the next attempt.

MarkhorTrader

Currently USDJPY following dow theory and conitnuously making higher highs and higher lows.