legacyFXofficial

legacyFXofficial

The price is moving still in the parallel channel and create a strong resistance. In other hand Nasdaq has began printing a bearish setup move. There is a M formation which is very choppy and also a potential Head and shoulders pattern on smaller timeframes. One needs to first identify a clear trendline break and wait for a retest to the bullish trendline as...

legacyFXofficial

AUDJPY is trading in downtrend Price broke corrective uptrendline Strong bearish wave ended at level 81.35 then corrective bullish wave rejected from key level corresponding to 50% Fibonacci level at 82.75 Below SMA 100 waiting price to break support level at 82. 05 for short setup It's expected forming bearish wave to target support level at 80.00 Risk...

legacyFXofficial

EURGBP is setting up for big breakdout, moving in a tiny channel Watch bottom for long and look for sharp breakup. The price reached strong daily support and broke and closed above an intraday trend line on hourly chart The pair set up a great confirmation for a long position. Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's)...

legacyFXofficial

GOLD price is receiving support and resistance here and each time respected the pattern, analysts looking for 2-3 more lows and highs and after that looking for breakout and targets that are mentioned on the chart. 1822-1840 next bullish targets . On 4 hours chart XAUSD is on the way of 1818 resistance. Daily chart showing that there is big Head and SHoulders...

legacyFXofficial

APPLE is overall bullish trading inside the brown channel so we will be looking for Trend-Following Buy setups as if it approaches our lower brown trendline. Here are the two strong zones where need to be looking for high probability setups: Around 130.0 in blue This highlighted purple circle is a strong area to look for buy setups as it is the intersection of...

legacyFXofficial

In this pair, technical analysis shows a technical figure Rising Wedge. The Triangle has broken through the support line on 09/07/2021. USDJPY forming a bearish formation on a daily chart. If the price holds below this level we will have a possible bearish price movement with a forecast for the next 38 days with a target of 107.69. If you decide to enter this...

legacyFXofficial

In this pair, we have the technical figure Triangle. The Triangle has broken through the resistance line on 07/07/2021. GBPCAD forming a bullish formation on a daily chart. If the price holds above this level we will have possible bullish price movement with a forecast for the next 22 days with a target of 1.7367. If we decide to enter this position our stop loss...

legacyFXofficial

In this pair, we have the technical figure Falling Wedge. The Falling Wedge has broken through the resistance line on 06/07/2021. AUDUSD forming a bullish formation on a daily chart. If the price holds above this level we will have possible bullish price movement with a forecast for the next 7 days with a target of 0.7636. If we decide to enter this position our...

legacyFXofficial

We have a technical figure Descending Triangle in US company International Business Machines Corporation (IBM) at daily chart. IBM is an American multinational technology company. IBM produces and sells computer hardware, middleware, and software, and provides hosting and consulting services in areas ranging from mainframe computers to nanotechnology. The...

legacyFXofficial

The USD/CAD currency pair is forming a bullish cup pattern. A close above the two resistance that crosses at a level around 1.2470 will confirm the bullish pattern. It can lead the price to reach the next resistance, which matches with 23.6 Fibo level at a price around 1.2632 or to the next 38.2 Fibo at 1.3000 or above at 1.3400. According to our oscillator...

legacyFXofficial

EUR/GBP forms a triangle on the 4-hour chart, broken twice on June 17th and 22nd, but the price fast returns twice in the formation. The currency pair traded lower on Wednesday after being rejected from the downside resistance line drawn from April 23rd. The last 4-hour candle bounces back from the horizontal support line, and it would be interesting how the price...

legacyFXofficial

Gold has been considered a precious commodity for millennia, and the gold price is widely followed in financial markets around the world. Most commonly quoted in US Dollars, gold price tends to increase as stocks and bonds decline. The metal holds its value well, making it a reliable, safe haven. But Gold prices have already plunged more than 1% since the start of...

legacyFXofficial

Natural gas breakthrough the triple top on a weekly basis, but now the price stays on the strong resistance 61.8 Fibonacci level. It is a turning point, and it would be interesting how the price will react this week. The weather appears to be the driving factor behind the recent upward movement in natural gas prices. Exports are on the rise, and industrial...

legacyFXofficial

Traders confidence has fallen since the Federal Reserve surprised markets last week by being unexpectedly hawkish. And that has boosted the US Dollar all round and, while it is now off its highs, it continues to look firm against the Japanese Yen. The price is in a parallel channel and has reach the peak and found resistance. There is a warning signal though from...

legacyFXofficial

Potential raise to first Resistance Area 0.6530 after breakout and price is above the Pivot point 0.6420 which is in line with 23.6% Fibonacci retracement and Experts Bullish Analysis

legacyFXofficial

SP500 on the daily chart retraced exactly at the 0.5 Fibonacci level over an ascending trendline. The price started then an impulse to the upside and is now trading below a previous resistance area . According to Plancton's strategy if the price will break above we will see a nice long potential and new high at 4300-4400

legacyFXofficial

Analysts anticipated the drop that took place last week As it stands, in the coming days, they expect the price to pullback towards the resistance area and continue to drop towards the support level . There is a possibility for the bearish momentum to increase even more and head towards the $23 level, but that won’t affect the bigger structure, as we find...

legacyFXofficial

GBPNZD On Daily Chart Break Neck line! 1.9800 was very important resistance and now was broken , the price closed above the neck line Experts see Apply the Break-out Trade Methdology Long on pair GBPNZD with target 2.00 and 2.02