forex_info

forex_info Jul 23, 2024

The DXY price is currently in a bearish trend, moving within a major descending channel. However, our plan is to enter on the bullish side since the price has broken out of the descending trendline and completed an Elliott Wave 12345 pattern. We will enter after a bullish confirmation at a key level, anticipating the price to follow the Elliott Wave ABC...

forex_info Jul 22, 2024

GBP/JPY is displaying a bullish trend on the 4-hour timeframe, following an ascending trendline and forming an Elliott Wave 12345 pattern. Entry is recommended when the price touches the ascending trendline and completes the 4th wave. Wait for a bullish rejection at a key level to confirm the entry. Monitor the price action closely to ensure the trendline and wave...

forex_info Jul 22, 2024

Bullish Trend: GBP/CAD is showing a bullish trend on the 4-hour timeframe, indicating a potential new upward movement through wave 5 of a higher degree impulse wave. Entry Strategy: Consider entering a buy position after a breakout above a key level or when the price completes a 50% to 61% retracement. Wave 4 and Trendline: Wait for wave 4 to complete and touch...

forex_info Jul 18, 2024

The gold price appears to be moving to the bearish side as a bearish three-method formation has been identified on the 4-hour timeframe. This pattern, characterized by a long bearish candle followed by three smaller bullish candles and another long bearish candle, indicates a continuation of the downtrend. Traders might consider this as a signal for potential...

forex_info Jul 18, 2024

The USD/JPY price appears bullish on the 1-hour timeframe due to the completion of an Elliott Wave ABC correction and a reversal falling wedge pattern. We plan to enter a buy position after the breakout of the resistance trendline and key level. This technical setup suggests potential for upward movement.

forex_info Jul 18, 2024

The USD/CHF has hit our selling target and is now exhibiting bullish momentum. The completion of the Elliott Wave 12345 pattern and the formation of a double bottom indicate a reversal. We are now entering a buying position, anticipating an Elliott Wave ABC correction.

forex_info Jul 17, 2024

The gold price has completed an Elliott Wave 12345 pattern, reaching a new high and touching the rising resistance trendline, forming a reversal rising wedge pattern. This suggests a potential downward movement as the price is likely to follow the Elliott Wave ABC correction. Traders should watch for confirmation of the breakdown from the wedge to validate the...

forex_info Jul 15, 2024

The EUR/USD pair is showing bearish signals as it follows an ascending channel and forms a rising wedge pattern on the 1-hour timeframe. This technical setup suggests a potential price reversal to the downside. Traders might consider short positions, anticipating a breakdown from the rising wedge.

forex_info Jul 15, 2024

Gold is in a bullish trend on the daily timeframe, following an ascending trendline. It completed an Elliott Wave ABC and is now in a symmetrical triangle, having also completed the symmetrical Elliott Wave 12345. The price has touched the symmetrical resistance trendline and formed a bearish hanging man pattern. We should consider selling after the next bearish...

forex_info Jul 11, 2024

The BTC/USD pair is currently in a bearish movement, adhering to the impulse and correction pattern and following the Elliott Wave 12345 structure. The price has recently moved up a few pips, touching the descending trendline and completing the 4th Elliott Wave. This suggests that the price is likely to move long-term bearish, continuing the downtrend in line...

forex_info Jul 10, 2024

The GBP/CHF pair is showing a bullish trend on the 4-hour timeframe, having broken through a key resistance level. The price action appears to be following the Elliott Wave pattern, and it has completed the 4th wave, finding support on the ascending trendline. With this support and the key level holding, the price is expected to move upwards into the 5th Elliott wave.

forex_info Jul 9, 2024

The GBP/USD pair is exhibiting a bearish trend on the daily timeframe, forming a symmetrical triangle. The completion of the Elliott Wave 4 at the resistance trendline, coupled with the formation of a double top, suggests a potential move towards the Elliott Wave 5 on the bearish side. This confluence of patterns indicates a strong likelihood of further downside movement.

forex_info Jul 8, 2024

The USD/CAD price is expected to move bullish as it follows a symmetrical triangle pattern and Elliott Wave theory. Currently, the price has completed the 4th wave and found support on the trendline. This indicates a potential move to the upside, completing the 5th wave.

forex_info Jul 7, 2024

The gold price has reached our first target with a 1350+ pips gain, completing Elliott Wave A. It has now retraced 50% to 61% to form Wave B at a key resistance level. We anticipate a bearish move towards completing Wave C. We plan to enter a sell position following bearish price action on the daily timeframe.

forex_info Jul 4, 2024

Gold prices are experiencing a downward trend as they enter the 5th Elliott wave in a bearish movement. The recent touch of the resistance level within a Rectangular Consolidation pattern has signaled this decline. Following the completion of the 4th Elliott wave, the market's bearish momentum is expected to continue.

forex_info Jul 3, 2024

The NZD/USD pair shows a bullish outlook on the daily timeframe, having broken out of a descending channel and completed a 38% to 50% retracement. Following the Elliott Wave 12345 pattern, the price has finished the 4th wave at a key level, suggesting an upward move towards completing the 5th wave. This signals potential for further bullish momentum.

forex_info Jul 3, 2024

The USD/CHF pair is currently in a bearish trend on the 4-hour timeframe, following a descending trendline and the Elliott Wave 12345 pattern. The price has just touched the descending trendline and completed the 4th wave, indicating a potential move towards the 5th wave. Traders may anticipate further downward movement in line with the ongoing bearish trend.

forex_info Jul 1, 2024

Gold price is showing bullish potential on the 1-hour timeframe due to the formation of an inverse head and shoulders pattern. This technical pattern typically signals a trend reversal from bearish to bullish. If the price breaks above the neckline with strong volume, it could confirm the bullish move. Traders should watch for confirmation and consider key...