This chart displays the GBP/USD pair on the 1-hour timeframe currently leaning bullish, as the price has shown strength approaching the resistance. The price is currently testing a key resistance zone around the 1.2689-1.2700 level, with potential bullish momentum indicated by the recent rally. If the price breaks above the resistance zone and closes beyond...
After a significant bearish move, price is consolidating and appears to be respecting the supply zone, suggesting a continuation of the downtrend. Support Levels: Immediate target support at 162.263. Extended target at 160.207. A potential bearish scenario with price rejecting the supply zone, targeting the mentioned support levels. Take Profit (TP): TP1:...
AUD/JPY is trading within a converging wedge pattern, showing a potential downside setup. The price is approaching a crucial support level marked by the red ascending trendline. This support has held multiple times in recent sessions, but any break below it could open the way for further losses. The pair is also testing resistance at the upper boundary of the...
Gold (XAU/USD) has been oscillating between key levels, currently eyeing a potential breakout. Price is consolidating near the $2,738.82 level, with strong resistance just ahead at $2,740.89 and $2,744.31. Bulls need to clear these levels decisively to maintain the upward momentum. If gold breaks through $2,744.31, we could see a sharp rally towards higher...
EUR/USD has been on a steady upward trajectory, supported by a clear trendline that has provided consistent buying interest. The current structure indicates a potential bullish continuation after a brief consolidation or pullback. The pair is now targeting key resistance levels at 1.09012 and 1.09365. The first challenge for the bulls is breaking through 1.09012,...
The NZD/USD pair shows signs of potential bearish continuation after a recent pullback from the 0.61179 level. This zone acted as a resistance point where buyers temporarily pushed the price upward but failed to maintain the momentum. The price is now stalling just below 0.61094, indicating that bearish pressure is starting to outweigh buying interest. If this...
In this US30 chart, price action is currently testing a key resistance zone. After a period of consolidation and a rally, the price is struggling to break above this zone. The projection indicates a potential bearish reversal if the resistance holds, with price possibly retracing toward the support level around 41,920. Buyers are losing momentum, and sellers...
The JPY Currency Index (JPYX) is approaching a key demand zone, highlighted in blue on the chart around the 748 level. After a sustained downtrend, this area is likely to serve as support, with a potential bullish reversal indicated by the projected price movement. A bounce off this zone could trigger a strong upward move, targeting higher levels. However, if the...
Gold (XAU/USD) has shown strong bullish momentum followed by a consolidation phase. The price is forming a double top, which suggests exhaustion in the upward movement. A potential reversal is in play, with the projected path indicating a significant drop towards the key support level of 2,650. The price action suggests that sellers may regain control after...
The chart indicates that WTI is approaching a critical support zone between $67.60 and $69.40, a level previously tested and held. After forming a consolidation pattern, the price is likely to break upward, heading toward the next resistance at $72.50 and potentially extending to $76.00 if momentum builds. A bullish move would be supported by the price remaining...
The chart shows a break of a rising trendline with price pulling back to retest the $69.40 support level. Given the rejection at this level, there's a potential for a bullish reversal targeting the next liquidity area around $72.50. Traders should watch for confirmation of a higher low before entering long positions to ride the breakout.
The price is showing clear rejection from a rising trendline, indicating potential weakness in the bullish momentum. As the market forms a lower high, we anticipate a strong move down towards the key 0.6660 level, where liquidity sits. The trendline break aligns with the overall bearish bias for further downside continuation.
The EUR/USD pair is currently approaching a significant resistance zone, which is highlighted in the chart. After a strong bullish move, the price has shown signs of weakening momentum, suggesting that this resistance area could act as a reversal point. The resistance zone around 1.1200 - 1.1185 is crucial. A rejection here could lead to a significant drop...
The NASDAQ hit a significant resistance level at 19,778, which coincides with a 1-hour Fair Value Gap (FVG). The price action shows a rejection from this level, indicating a potential reversal. A downward trend is expected, with the next support targets at 19,604 and 19,507. If momentum continues, a deeper decline could push prices toward 19,467.82.
The 15-minute chart for BRETT/USDT shows a bearish structure with a potential breakdown on the horizon. The price has been moving sideways within a tight range, but it recently breached the key support level at $0.08483, signaling possible further downside momentum. The shaded blue area on the chart represents a potential drop zone, where the price could...
The 4-hour chart for ETH/USDT shows a promising setup as Ethereum hovers around the $2,600 mark, forming a potential reversal pattern. The price recently tested the $2,536 support level and has since shown signs of a recovery. The key resistance to watch is at $2,725. A successful break above this level could confirm a bullish continuation, potentially driving...
The daily chart for SYN/USDT shows a significant breakout from a descending trendline that has been in place for several months. The pair recently surged, breaking through key resistance levels and signaling a potential shift in market sentiment from bearish to bullish. Currently, the price is hovering around $0.6729, just above the critical support level of...
In the 4-hour chart for AUD/USD, we observe a critical test of resistance at the 0.66386 level, marked by the purple zone. The pair has been rallying off a rising trendline, creating a series of higher lows, signaling strong bullish momentum. However, the price action near the resistance level indicates a potential rejection, as seen with the formation of a...