linofx1

linofx1

I noticed a strong bearish response to an important intraday horizontal resistance on the EURNZD chart. After testing the highlighted resistances blue area, the price began to consolidate and created a horizontal range on the 4-hour time frame. The support level was broken, indicating strong selling pressure, and the pair is now retesting it. We anticipate...

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I see one more important intraday structure breakout. Gold has broken through a support cluster within a small horizontal range, indicating strong selling pressure and a bearish signal. Following a thorough retest of the broken structure, there is now a bearish response. I anticipate that the price will soon reach a level of 2562/2553.

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The GBPAUD currency pair formed a head and shoulders pattern on the 4-hour chart. Following the release of today's economic data, the price quickly decreased and broke below the pattern's neckline. This suggests that we may see more downward movement in the future. The next potential target levels are at 1.9413 and 1.9350.

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Following a strong upward trend last week, Silver has now paused its growth and is consolidating. There is an Indecision pattern forming, specifically a symmetric triangle, on the 1-hour chart. The price is currently testing the boundaries of this pattern. I predict that if there is a bearish breakout, indicated by a 1-hour candle closing below the support...

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CHFJPY has broken and closed below an important horizontal support level during the day. This broken level has now become a resistance, and there is a possibility of a significant bearish response after a retest. The pair is likely to continue its downward movement, with the next psupport level being...

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A sudden breach of the previous record high sparked a significant uptrend in the price of Gold last week, pushing it to a crucial resistance level at 2600. Following a test of this level, the market began to consolidate and formed a head and shoulders pattern on the hourly chart. A break below the neckline of this pattern will be a strong bearish indicator,...

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The GBPCAD has been experiencing a strong uptrend on the 4-hour time frame. Over the past three weeks, the pair has been trading within a horizontal range on a daily basis. However, in the last week, there was a bullish movement that broke through the resistance of the range today. This demonstrates the strength of the buyers and suggests a likely continuation...

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🔵The EURUSD has been in a bullish trend for the long term, with a new higher high set in August followed by a correctional movement. A bullish flag pattern has formed, leading to a minor bearish trend. However, the pair has started to rise again since last week. If the resistance of the flag is broken by the bulls, it could lead to a trend-following movement....

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It is likely that the 📉USDCAD will retreat from a significant intraday resistance level. I have observed a cup and handle pattern formed, with a confirmed breakout below the neckline. My targets are at 1.3540 and 1.3467.

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USOIL is poised for a potential rebound from a crucial intraday support level, as indicated by two robust confirmation signals on the 4-hour chart: a double bottom pattern and a breakout above the resistance of a falling wedge formation. This could propel the price upwards, targeting at least the 70.00 support level, suggesting a possible reversal in the current...

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Quick Update on ⚠GBPCAD: Analyzing the price movement on a 4-hour chart today, I observed that the market is in a consolidation phase. There is a tight trading range occurring horizontally. Traders interested in selling should wait for the price to break below the support level of this range. A clear signal of a bearish trend would be a 4-hour candle closing...

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After a breakout of a resistance line of a bullish flag pattern on a 4-hour chart, EURAUD is now undergoing a retest. There is a strong alignment between a horizontal support level and an upward trend line, indicating a potential bullish movement in the near future. It is likely that the pair will continue to rise, with a target set at 1.6581.

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The latest economic data released today could benefit buyers in the 📈Gold market. The current price is approaching a resistance level near the all-time high. Our plan is to wait for a bullish breakout, which will be confirmed by a 4-hour candle closing above the resistance. If this happens, we can anticipate a rise in the price to 2550.

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📈Gold is still stuck in a wide horizontal range on a 4-hour time frame. Analyzing a 1H time frame, I see a perfect formation of a double bottom pattern. A bullish breakout of its neckline give a perfect bullish confirmation. We can expect growth to reach 2515 then.

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I spotted a clear horizontal trend on SILVER on an hourly chart. Following a test of its support, a minor double bottom pattern emerged. A bullish breakout above its neckline confirms a bullish trend. We anticipate a rise to 28.63 in the near future.

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Update for 📉GBPCHF. We observed a clear downward breakout of a support level within a horizontal range on a 4-hour chart. Following a thorough retest of the broken structure, there was a significant bearish response. It is expected that the decline will persist, possibly reaching at least 1.1005.

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GBPJPY is currently being tested at a former horizontal support level that has now become resistance after a breakout. We anticipate a downward movement towards the next support level at 185.08.

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EURNZD successfully broke a key resistance level and closed above it with a strong bullish candle last week. After breaking through this level, the price began to consolidate within a horizontal range on the 4-hour chart. A bullish breakout from this range would provide additional confirmation of the bullish momentum. It is likely that the price will...