MrVNpt

MrVNpt

On the daily chart, Gold (GOLD/USD) remains in a long-term ascending channel but is currently testing a critical support area around 2,550.00, following a significant retracement from the recent high of 2,800. This support level suggests a potential reversal or price stabilization, given its historical role as a strong technical barrier. Technical indicators also...

MrVNpt

The GBP/USD pair is currently in a corrective movement with signs indicating a potential short-term bullish reversal, as evidenced by the formation of a Bullish Gartley pattern near the 1.2700 support. This key support level is likely to attract buyers, given the confluence of technical factors suggesting a possible recovery from this point. Technical Indicators...

MrVNpt

USD/CAD has been in a long-term uptrend, recently approaching a critical resistance zone. Price action suggests a potential shift from bullish to bearish due to the formation of a harmonic pattern that implies a possible corrective move. However, given the strength of the current uptrend, any pullback could be temporary, presenting future buying opportunities...

MrVNpt

The NZD/USD pair has been in a long term downtrend, with multiple ups and downs. Recently, the pair has formed an AB=CD harmonic pattern, reaching point D near a critical support level around 0.595. This level coincides with a strong psychological and technical support zone, which has historically held up well for the pair. The TDI indicator reveals a bullish...

MrVNpt

CAD/JPY pair has shown a consolidation pattern and recent recovery following a sharp drop from highs near 118.80. After this correction, price has established a support base around 104.50 and has recently climbed back to 111.00, encountering a significant resistance level. On the daily chart, CAD/JPY shows resistance near the 50 and 200-period moving averages,...

MrVNpt

We're looking at an interesting technical setup on the GBP/USD daily chart, where a Head and Shoulders (H&S) pattern has formed, signaling a potential trend reversal from bullish to bearish. Here’s a breakdown of the context and two trade strategies based on this pattern and key levels. Trend and Context Analysis The Head and Shoulders (H&S) pattern suggests...

MrVNpt

We’re observing a potential bullish reversal on the EUR/USD daily chart, as the harmonic ABCD pattern nears completion at a key support zone around 1.0796. This setup aligns well with the technical indicators suggesting a momentum shift, which could provide strong trade opportunities in the coming days. Key Analysis Points: ABCD Harmonic Pattern The pattern...

MrVNpt

The GBP/JPY pair has been in a consistent uptrend since early 2023, following a primary ascending channel. However, the recent price action around key resistance levels indicates a potential shift. Primary Trend: The pair has respected a significant long-term support at 180, which has held strong throughout 2023. Recently, the price tested resistance around...

MrVNpt

In this investment analysis, we are looking at USD/CAD, which is approaching the completion of a Harmonic Bat pattern, with the potential reversal zone (PRZ) around 1.3785 acting as a significant resistance level. After a strong rally from point C, price is now testing this critical area, suggesting a possible short-term correction or bearish reversal. The TDGMA...

MrVNpt

In this analysis of GBP/NZD, the chart highlights the formation of a Harmonic Bat pattern, with price recently reaching point D and showing rejection at a significant resistance zone. This is a classic reversal setup, suggesting a potential bearish move, especially as the TDGMA indicator signals overbought conditions. 1.Short Position from Point D (Bearish...

MrVNpt

The NZD/USD chart shows the formation of a Harmonic pattern. If confirmed, the price recently touched the D point, suggesting a potential bullish reversal after a significant bearish move from point C. According to the TDGMA indicator, the asset is nearing an oversold region, supporting the idea of a possible short-term recovery. Additionally, point D aligns...

MrVNpt

After a strong bullish rally, the weekly chart shows the completion of a Bearish Gartley pattern around the key resistance zone near 16,000, and now the market faces a big question: Are we going to see a reversal, or is the bullish momentum strong enough to break through? Key Considerations: Bearish Gartley Pattern: Traditionally signals a potential...

MrVNpt

The USD/JPY 4-hour chart is showing a clear Bullish Gartley harmonic pattern, followed by a breakout of a descending trendline. After reaching point D of the pattern, the price initiated a bullish reversal. Currently, the price has broken through a key descending resistance line, signaling strong buyer momentum. The TDIGMA oscillator confirms this, with momentum...

MrVNpt

The CAD/JPY 4-hour chart shows a strong bullish movement after completing a Bullish Gartley harmonic pattern. The support zone around point D, acted as a significant reversal point. Now, the price has broken through a descending resistance line, indicating a potential continuation of the bullish trend in the short term. Positive momentum and a favorable technical...

MrVNpt

The EUR/USD chart is showing potential for a bullish reversal with two Gartley patterns forming. The most recent one has nearly completed, and the price is hovering around the D point at 1.094, a significant support zone. Additionally, a long-term uptrend line is providing extra support at this level. With the TDIGMA oscillator indicating overbought conditions and...

MrVNpt

The Silver (XAG/USD) chart has completed a Bearish Gartley pattern, with point D recently hit around 31.15. This suggests a potential bearish reversal in the near term. Price is approaching a critical resistance zone, indicating a likely correction. With the TDIGM oscillator nearing overbought territory, the odds of a pullback are high. 1.Short Sell at Point D...

MrVNpt

The GBP/USD chart is currently forming a Bearish Butterfly harmonic pattern, suggesting a potential reversal is approaching. With the recent rise to point D, which aligns with Fibonacci levels and trend lines, several trading strategies can be developed based on the current technical structure. The market is showing overbought conditions, further supporting the...

MrVNpt

We identify a Bearish Butterfly Harmonic pattern forming on the AUD/USD chart, which could provide a profitable short trade opportunity. Here's a breakdown of the strategy: 1. Harmonic Pattern Formation The pattern follows specific Fibonacci retracement and extension levels, with key points outlined: Point X: The start of the upward movement. Point A: First...