linofx1

linofx1

I see a nice gap up on 📉EURUSD As always, chances are high that it will be filled soon. As the pair approached a significant daily resistance level, it started showing signs of a potential downward trend. I noticed a clear break below a support line in a symmetrical triangle pattern on the hourly chart. This suggests that the pair could soon decline and...

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I see a nice positive reaction from buyers at an important daily support level on the 📈USDJPY chart. Following a test of the highlighted blue zone, the price began to consolidate and formed a tiny horizontal range on the daily timeframe. The resistance if the range was broken, indicating strong buying momentum. We anticipate further bullish movement, with a...

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I think that 📉Gold has the potential to continue falling. The market has been consolidating in a wide horizontal range for some time on an intraday chart. Breaking below the support level is a strong signal of bearish momentum. The pair is currently testing the previously broken support level. I anticipate that the price could potentially fall to the 2840...

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📉EURUSD had been trading in a wide range around a key resistance level for an extended period of time. Following the release of US economic data yesterday, the pair fell sharply and formed a high momentum bearish candle. The daily candle closed below a support level, indicating a break of the range. This suggests that we may seep further downward movement in...

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Gold broke through and closed below an important intraday horizontal support level. Following the breakout, the price retested the broken structure and began consolidating within a range. A bearish breakout from this range is a significant intraday bearish signal. The deep retest of the range increases the likelihood that the breakout is legitimate. It is...

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GBPJPY had been trading in a sideways pattern for around a week before experiencing a bullish surge today. This upward movement caused the pair to become bullish. The price successfully broke above a resistance level within the range on a 4-hour chart, with the help of a strong momentum candle. As a result, we can anticipate further bullish movement in the near...

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Quick update for ⚠️Gold: Gold is currently forming a descending triangle pattern on an hourly chart, with a horizontal neckline between 2896 and 2888. If the price breaks and closes below this level on an hourly timeframe, it would indicate a strong bearish signal for the day. A further decline in the price is likely to occur, potentially reaching 2870.

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The violation of a significant daily resistance level has created additional upward potential for 📈GBPNZD on a daily basis. Following a prolonged period of bullish accumulation within an ascending triangle pattern, the price rebounded yesterday and closed the daily candle above its neckline. I believe that the market could soon reach the 2.2400 level.

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Quick update on Gold.... As we discussed yesterday, to wait for a breakout, the price of gold finally broke and closed below an important intraday support level after consolidating. Upon retesting this broken support, there was a strong bearish response, leading me to believe that the market will continue to decline. The next support level to watch for is at 2896.

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The EURAUD pair has formed an inverted head and shoulders pattern on the 4-hour chart, indicating a potential bullish reversal. A breakout above the neckline of the pattern suggests further upward movement, with a likely test of the 1.6620 level in the near future.

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I have observed a positive uptrend in response to a significant daily support level on the 📈USDCAD chart. Following a test of the marked blue zone, the price began to consolidate and formed a horizontal range on the 4-hour timeframe. The resistance was broken, indicating strong buying activity. We anticipate further upward movement, possibly reaching 1.4300.

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⚠️Gold is currently trading in a horizontal range on a 4-hour chart. There are two possible scenarios depending on which direction the breakout occurs. 📈In a bullish scenario, if the price breaks above the 2956 resistance and closes above it on a 4-hour chart, I anticipate a bullish movement towards the 2980 level. 📉In a bearish scenario, if the market breaks...

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After a significant downward movement, EURGBP traded in a tight range on the 4-hour chart for some time. Earlier today, the pair broke above the upper boundary of the range. I believe that a corrective move could be on the horizon now. The nearest resistance level is at 0.8319.

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Gold is currently trading in a strong bullish uptrend. Following a new high, the market has started to consolidate within a narrow parallel channel on a 4-hour timeframe. Breaking through the resistance the range indicates a continuation of the upward movement. I anticipate growth up to 0.8693.

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USOIL was trading in a tight horizontal range on the 4-hour chart for a significant period of time. The resistance of this range was violated yesterday, followed by a retest and a strong bullish response. This could signal a potential upward trend continuation towards the 73.32 mark.

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The Dollar Index is likely to continue its downward trend following a significant bearish rally. This is supported by the breakout of a support line of a bearish flag pattern after testing a critical resistance level. It is anticipated that the price will soon reach a level around 106.63.

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USDCAD is likely to continue its downward trend following a retest of a previously broken support level. Additionally, a bearish flag pattern was formed with a breakout below a support line, further indicating a potential decrease in price. It is anticipated that the price will soon reach the 1.4161 to 1.4139 level.

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Take a look at ⚠️GBPCAD This week, the pair broke an important structure resistance and closed above it. Currently, the price is consolidating within a tight horizontal range and retesting the broken structure on the 4-hour chart. To confirm a bullish trend for intraday buying, look for a breakout above the resistance of the range. A 4-hour candle closing...