EURNZD Analysis The EURNZD pair is currently in a bearish trend on the daily time frame, making it a favorable candidate for short positions. Notably, on the 4-hour chart, the pair has broken out of a sideways rectangle pattern, retested the breakout level, and is now expected to move lower toward the next structural support level. This price action reinforces...
AUDNZD Analaysis The AUDNZD pair is currently demonstrating a bullish trend on the higher time frames, aligning favorably with our analysis. The price is now approaching a significant support level, which requires a retest for confirmation. This presents a critical juncture, and it is advisable to adopt a cautious, wait-and-see approach to assess how the market...
EURGBP Analysis The EUR/GBP pair is exhibiting a bearish trend on the higher time frames, which is favorable for our analysis. The market has formed a series of lower highs and lower lows, confirming the downward momentum. Currently, the price is testing a strong resistance level that has been retested, presenting a critical juncture. At this point, it is...
My Analysis on EURUSD Based on my technical evaluation of this currency pair, the price action appears to be retesting the key resistance level within the current market structure. This phase is critical, as resistance zones often act as barriers where selling pressure may intensify. To optimize risk-reward dynamics, I recommend exercising patience and awaiting...
GBPJPY Analysis and Trade Setup GBP/JPY is currently testing a historically significant resistance level that has repeatedly acted as a barrier to price advancement. Given the strength of this resistance zone, it is reasonable to anticipate a potential rejection or pullback. Historically, such levels often prompt a reversal, particularly after a retest of the...
Cardano ADA/USD Analysis Cardano (ADA/USD) is currently trading at 0.788, having recently breached a critical support level. This breakdown has shifted the asset's technical structure, with the price now retesting the previously broken support zone, which has since turned into resistance. In technical analysis, such a retest of a breached support level often...
GBPUSD Analysis The GBP/USD pair has been in a predominantly bearish trend since September of last year, although there have been occasional corrective rallies. Despite these minor pullbacks, the overall direction of the pair has remained downward over the period. However, I believe that the bearish trend may have concluded. The pair has recently broken...
Near Protocol Analysis: Near Protocol is currently trading at 3.565, having recently broken through a critical support level. This breakdown has altered the technical structure of the asset, as the price now appears to be retesting the previously breached support zone, which has since transformed into resistance. In technical analysis, such a retest of a broken...
XRP Analysis XRP is currently trading at 2.38, which represents a significant support level that has historically demonstrated its strength in preventing the price from breaking lower. On the occasion when the price did briefly penetrate this level, it was quickly rejected, and the candle closed above the support line. This rejection and subsequent close above...
US Dollar against Canadian Dollar The USD/CAD pair is currently on a structural support line that has historically demonstrated its ability to hold the pair. Based on this observation, it is reasonable to anticipate that the pair may respect this support level and potentially reverse to the upside, presenting a possible opportunity to enter a long position. I...
Ethereum Analysis Ethereum is currently exhibiting a pattern similar to the one observed in Shiba Inu, with a clear downtrend that has led to the breakdown of a key support level. As of now, it seems to be retesting this broken support, though confirmation will only be possible once the current candle closes. In my opinion, patience is critical in this...
Shiba Inu Analysis Shiba Inu has recently experienced a downtrend, breaking through a significant support level. Currently, it appears to be retesting this level; however, this remains unconfirmed until the candle closes. In my view, it would be prudent to await the closure of the current candle before contemplating a short position. I also believe that the...
Solana Analysis Solana is currently finding robust support on the daily chart, as indicated by the significant impact of the recent bearish trend that has dominated the cryptocurrency market over the past week. A rebound towards a bullish trend is anticipated, as the asset has recently bounced off this strong support level. Please note that this is my personal...
Euro Yen Analysis The pair is on a strong support line and on a fibonacci level; its expected to bounce back and be in the triangle shape it formed. What are your technical and fundamental analysis on this pair?
Head and Shoulders Formation Fetch.ai (FET) against the US Dollar (USD) has formed a classic head and shoulders (H&S) pattern, which is one of the most reliable reversal patterns in technical analysis. The price has recently broken below the neckline, a critical support level, and is now expected to retest the broken support structure to confirm the pattern's...
Optimism/USD Analysis: The pair has been in a short-term downtrend but is now approaching a strong support level. A bullish reversal is expected if the price respects this support, confirmed by technical signals such as a bullish engulfing candlestick pattern or other momentum indicators. Key Takeaways: Support Zone: A critical level to monitor for potential...
Technical Overview: SHIB/USDT is currently entrenched in a bearish trend, marked by a recent breakdown below a critical support level. This breach suggests weakening bullish conviction, though the possibility of a retest of the broken support (now acting as resistance) remains. Such a retest—if it occurs—could offer a high-probability confirmation of continued...
MY ANALYSIS ON GBPCAD My Analysis on this pair:: Based on the current technical setup, this pair exhibits bullish structure; however, the price is testing a critical resistance zone coinciding with the 61.8% Fibonacci retracement level. While the broader trend appears upward, the confluence of resistance at this key Fibonacci level introduces significant...