linofx1

linofx1

There are clear confirmations of bullish momentum on the 📈EURAUD: This is evident from the breakout above a resistance line in a bullish flag pattern and the formation of a confirmed change of character CHoCH on the 4-hour chart. I believe that the market is likely to sustain its upward movement, with the next resistance level seen at 1.7300.

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I have seen another bullish pattern on the EURUSD pair, specifically an ascending triangle formation. The price has broken above the neckline of the pattern, indicating a strong bullish trend. There is a high likelihood that the price will continue to rise, with the next resistance level at 1.1016.

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I spotted a great example of a bullish reversal on 📈US100. The index formed a double bottom pattern on a 4-hour chart and broke and closed above a resistance line of a descending channel. There is a positive response on retesting the key support level based on a broken neckline. It is expected that the index will continue to rise towards the 20,000 / 20180 levels.

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I believe the 📉GBPCAD pair is showing signs of being overbought. On the 4-hour chart, there is a descending triangle pattern with the neckline being broken and a 4H candle closing below it. This could indicate a correctional movement coming soon. Targets for this correctional movement are at 1.8506 and 1.8446.

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After reaching a new high of $3000, a psychological level, the Gold price started to consolidate within a horizontal channel on the 4-hour chart. To buy Gold this week, it is advisable to wait for a breakout above the channel's resistance, which could lead to a movement towards at least 3020. On the other hand, a bearish breakout below the channel's support...

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📉EURAUD has broken through and closed below an important horizontal support level during the day. The highlighted blue section also serves as the neckline for an inverted cup & handle pattern. This violation suggests that there may be further decreases in price. The next support level to watch for is at 1.7110.

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It is likely that the CADCHF will retrace from the highlighted blue intraday support. Additionally, there is an ascending triangle pattern forming, along with a breakout of its neckline, which further supports this prediction. The target for this move is 0.6183.

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📈Gold has been consolidating for over a week, remaining within a large horizontal range on a 4-hour chart. However, after the release of today's US fundamentals, the market appears to be bullish. Breaking through the resistance line of the range suggests a bullish accumulation has been completed, potentially leading to further growth. The next focus is on...

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EURNZD is currently trading within a rising, expanding channel and recently reached a new higher high on a 4-hour timeframe, violating a significant horizontal resistance level. This could indicate a possible continuation of the upward trend towards the 1.920 resistance level. The best entry point to consider is within a demand zone formed by a broken...

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As I expected, the Dollar Index decreased last week. Analyzing the price movements throughout the day, we can see further evidence of a strong downward trend. After consolidating within a horizontal range on a 4-hour chart, the price broke below its support level and closed below it. Sellers are showing their dominance once again, with a retest of the broken...

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The EURGBP has shown a significant bullish pattern on the 4-hour chart. I have identified an ascending triangle, which is a bullish pattern indicating a break above its resistance level. There is now a contracting demand zone formed by a trend line and a broken horizontal structure. It is likely that the bulls will continue to drive prices higher in this scenario.

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The price of 📉GOLD appears to be on a downward trend following a period of consolidation. A break below a support level within a sideways trading range is a strong indication of a continued decline. It is likely that the price will drop to the 2870 support level or lower.

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Look at the price movement of 📈GBPCAD. Following a significant bullish movement, the price began to consolidate within a horizontal channel on a 4-hour chart. The breakout above the upper boundary of the channel, signifies a strong bullish trend continuation. The next level of resistance to watch for is at 1.8703.

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Bitcoin is currently experiencing a downward trend on a daily basis. Following a period of consolidation within a horizontal range, the market broke below its support level and reached a new low. On retesting the broken structure, the market formed a symmetric triangle pattern. The breakout of the support line within this pattern indicates a strong confirmation...

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📈USOIL may experience a reversal from an important daily support level. The formation of a cup & handle pattern and a breakout above its neckline on a 4-hour chart suggest that the price is likely to rise. The target price is 68.50.

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📉NZDJPY formed a cute head & shoulders pattern on a key daily/Intraday horizontal resistance. A bearish breakout below the horizontal neckline indicates strong selling pressure and is a powerful bearish signal. It is likely that the pair will continue to decline and potentially reach a level of at least 83.83.

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📈EURNZD is trading in a strong bullish trend on a 4H time frame. After a long period of bullish momentum, the pair started to trade within a sideways range for a while. The upper boundary of the range was breached today, indicating strong buying pressure. I believe that the uptrend may persist, leading the market to the 1.9030 level in the near future.

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The 📉US500 appears to be in a bearish trend after breaking below a support line within a tight consolidation range on a 4-hour chart. It is likely that the price will continue to decline, with the next potential support level at 5,710.