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The CHF/JPY pair is currently displaying signs of a potential bullish reversal on the 4-hour timeframe, after breaking out of a consolidation phase. The pair has shown resilience at key support levels, with candlestick patterns and trend indicators suggesting a probable upside movement. Key Technical Observations: Three White Soldiers Pattern: The Three...

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EURUSD Breakdown Analysis Date : November 7, 2024 Current Level : 1.0740 Forecasted Targets : 1.0800 (Resistance) and 1.0660 (Downside Target) --- Overview: EURUSD saw a significant drop yesterday, largely due to market reactions to the U.S. election uncertainty. Investors flocked to the dollar as a safe haven, strengthening it and putting EURUSD...

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🟡 Gold Price Update: Currently at $2737.00 Gold has been moving sideways recently, showing a period of consolidation as market participants await further catalysts. This sideways movement reflects uncertainty and cautious positioning, likely influenced by the upcoming U.S. election. Historically, major events like elections can introduce volatility as investors...

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THETAUSD has broke the brearish trendline and looking for some further momentum. 0.90 is acted as dynamic support for the bull. 0.94 will act as immediate support for the bull. The target will be 1.00. Breaking below the 0.93 will turn into bearish

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EURUSD has started this month with positive pips because of the relative weakness of US dollar , historically November and December was bearish for the dollar. As comparing with euro dollar is performing well. EURUSD is struggling to get bullish momentum after breaking up the upper side of the trend line briefly reached 1.07500 and currently trading around...

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From the start of the month may XAGUSD/Silver is in downward movement after forming a double top formation. Ever since this drop its forming clear descending channel. Within this bigger trend formation We can see some rising wedge formations which is indicating the upcoming bearish trend until this trend gonna breakout. The price is currently below 50% Fibonacci...

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Luckily the EURUSD has managed to broke up the upperside of the trendline because of the weaker USD in recent days. Its been almost one month that EURUSD has traded within the Bearish channel. So wait till its retest and buy after the clear confirmation.

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The maker coin is showing bullish divergence in 2 hours candle And the stable could coin is bouncing from 1280.00 Buying from the current level with the target around 1465 will give us 9% growth with 1:3.57 risk reward ratio. The desirable SL will be 1310.00

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AUDCAD is falling towards midlevel 50% Fibonacci level, AUD weakness after the RBA interest rate hike with dovish statement which led to the downfall in AUDCAD and yesterday USD strength is also a another factor for the downward correction in AUDCAD. If risk trades getting traction this pair will bounce from .87450 level the possible upper side target will be...

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BTCUSD has started the November month rally towards upper side, It has reached 36k twice in this month and got rejected at the time of writing BTCUSD is trading around 35300.00 Currently 50 EMA is acting as dynamic support for the bull. october month high (35150.00) is aligning with current support level. We can see the pole and flag formation and the clear...

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BTCUSD is going to break the triangle flag pattern, After reaching the 18 month high its briefly retrace back towards 35800.00 and bouncing back.36800 is currently acting as support for the bull Strong bullish momentum in the market will drive the BTC towards north. watch out the break and retest around 37200.00 level. Possible upper side target will be 38900.00.

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As a forex trader, it's essential to have a robust arsenal of technical analysis tools at your disposal. One of the most powerful and reliable chart patterns you can use is the "Head and Shoulders" pattern. This pattern is prized for its ability to signal potential trend reversals, allowing traders to make informed decisions and capitalize on market opportunities....

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Currently in 4 hour chart gold is forming a nice rising channel pattern so keenly watch the expected double top formation for the potential short.

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Simple breakout strategy is enough to catch the main trend in this pair.

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We are expecting a downward channel growth in coming days

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The price of the oil got rejected 3 times and in 4th time got some consolidation and broke the upper side resistance around 66.00. We can see a megaphone structure (Bullish megaphone structure).The retest of the upper side trend line will be a good entry point. Expected target would be 70.00stope lose can be placed below 65.00 level

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Wednesday freefall in crypros was one of the major deep correction in recent history and ETCUSD has lost almost 30% From MAY-07 ETCUSD was in bearish trend and its reached 40.00 level.As a minor bullish correction ETC has jumped towards 80.00. At this level we can see a series of corrections.Previously 80.00 has acted as minor support.Sell at current level and...

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GOLD The previous day candle was closed just around 1.9k double bottom formed around 1670.00 was a key reversal area for the bull .50 Fibonacci and price action level i have marked in the chart was acted as good support for the bullish trend.The upper side trend line was broken on May-17 and retested on May-19. 1924.00 would be a immediate resistance for the...