As of January 29, 2025, the NZD/USD currency pair is exhibiting signs of an uptrend. The pair has been trading above the key 0.5700 level, indicating bullish momentum. Technical indicators, such as the Relative Strength Index (RSI), have climbed sharply to 63, firmly in positive territory, suggesting healthy upward momentum and room for further gains....
GBP/USD has formed a clear cup and handle pattern on the 1-hour chart. The price created a rounded bottom (the cup) followed by a slight pullback (the handle). A breakout above the resistance level confirms the bullish continuation setup
The Cup and Handle pattern is a bullish continuation pattern that signals a potential upward breakout after a period of consolidation. It consists of two parts: Cup: A rounded bottom resembling a "U" shape, indicating a period of consolidation. Handle: A smaller consolidation phase following the cup, often sloping slightly downward. In the context of the USD/JPY...
The EUR/NZD currency pair has recently exhibited a head and shoulders pattern, a technical formation that often signals a potential reversal from an uptrend to a downtrend. This pattern comprises three peaks: the central peak (the head) is the highest, flanked by two lower peaks (the shoulders). The neckline, drawn by connecting the troughs between these peaks,...
formed H & S and hit the target soon formed H & S and hit the target soon formed H & S and hit the target soon
another hit will resume soon wait till reach the trend line
retest at 45900 and will hit to 48k and continue to hit 50k
prevail downtrend - short position prevail downtrend - short position
cup and handle form Best of luck cup and handle form
Head and shoulder form for short position low risk Happy trading
next buy position at 1.1063 next buy position at 1.1063 Tp @ 1.17 good luck
downtrend continue and put right entry downtrend continue and put right entry
Bearish continue and hit the target Bearish continue and hit the target Best of luck
uptrend would be continue and another hit to 1.11 good luck
prevail short uptrend and reach 181.9 good luck. happy trading
prevail downword position once reached 183.5 good luck
retested previous high and will upward 145.9 set SL
its nicely forming the inverse head and shoulders design. let see how it goes