Crab pattern has completed and the price has reached to the support level. We expect the price to rise. Checking lower time frames to enter is a must.
The 4hr time frame of S&P 500 chart shows a healthy bullish trend line. IT has completed the forth wave and is ready to complete the fifth. The targets are: 1. 5400 2. 5450 3. 550
The GBP/JPY has recently reached a key support area, coinciding with the completion of a Bat pattern. If the currency pair is able to break through the current supply zone (almost 190.5) , we anticipate a potential rise in prices.
The USD/JPY has recently reached a key support area, coinciding with the completion of a Gartley pattern. If the currency pair is able to break through the current supply zone, we anticipate a potential rise in prices.
The Euro Stoxx 50 has recently reached the lower boundary of its trading channel, suggesting that it may be poised for a potential uptrend. Upon analyzing the chart, two likely scenarios have emerged: a double bottom formation or a rectangular trading range. Of the two possibilities, the double bottom pattern appears to be the more probable outcome.
You are correct, the Nasdaq is an index, not a stock. Here is an improved version of the sentence: The Nasdaq index is currently trending within a bullish channel, indicating a positive outlook. I anticipate further price increases based on the chart analysis.
The NZDCAD currency pair is currently showing a Gartley pattern formation. After reaching a key support level, I anticipate a bullish reversal as buyers enter the market and drive the pair higher.
AUD/NZD is forming the last wave (5th). I expect this pair to see higher prices.
Gold's bullish trend is showing signs of weakness as it forms an AB=CD pattern. If the flag formation is broken, I anticipate a potential move towards the square on the chart.
The Euro/Cad pair has recently completed a Gartley harmonic pattern and is currently showing bullish momentum. If the price breaks out of the pennant formation to the upside, we could potentially see the formation of an AB=CD pattern.
GBP/JPY has recently completed a harmonic pattern and is currently trading within a bullish channel along a trend line. I anticipate that this pair will continue to move higher in the near term.
Gold is in a channel that is forming a head and shoulders pattern. In case of breaking the neck line I expect this scenario.
The Possible Scenario for NZD/CAD. I expect to reach to the bottom of the cloud and then drop after checking the candle sticks. The first target is around 0.81500
In the 4-hour time frame, AUDCHF has recently reached both the trend line and the Ichimoku cloud. This confluence suggests a bullish outlook, with potential for further upside movement. The initial target for this upward trend could be around 0.60400.
NZD/JPY is exhibiting a robust bullish momentum, signaling a potential breakout above the current resistance level. The price action suggests a bullish bias, with the first target identified at 92.960
GBP/USD has encountered a robust resistance within a descending channel, indicating a potential completion of a harmonic pattern (butterfly). Anticipating a downward movement, I foresee the pair targeting 1.25660 initially, followed by 1.25300 as the second target.