tradeforex-network

tradeforex-network

USD/CHF is trading around its daily support level, with bullish divergence indicating a possible upward pullback. A buy above the last lower high is suggested for breakout confirmation.

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EUR/USD is at a minor resistance level on the daily timeframe, and a retracement is expected toward the golden ratio of the Fibonacci retracement before the next bullish leg. A short position can be considered upon the breakout of the last higher low on the 4H timeframe.

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NZD/JPY was in a bearish trend, completing the ACDB pattern with bullish RSI divergence. A potential trend reversal may occur. Buy above the breakout of the last lower high for confirmation.

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The DXY has broken its bullish trendline and a key support area. It is now approaching the next support level on the daily timeframe. Similarly, EUR/USD has broken out above its falling wedge pattern, signaling a bullish move for the euro. Consider buying EUR/USD and riding the trend until it reaches the resistance level.

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PSO is currently trading at a 50% retracement level of its ongoing bullish leg. This presents a strong buying opportunity, with the target set at the recent top.

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PPL surged to around 217 before retracing to 171, completing a significant pullback. It is now trading at the 0.618 Fibonacci level, a strong buying zone, indicating potential bullish momentum ahead.

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TRG is trending after a prolonged bearish phase, forming higher highs and higher lows. It is currently trading around the Fibonacci golden pocket. A buy entry at the current market price is suggested, with a stop loss below the last low and a target at the recent high.

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Short EUR/USD at the current market price (CMP). EUR/USD remains in a bearish trend, likely heading for the next leg of the CD pattern. Meanwhile, the DXY is bullish, having retraced from the golden Fibonacci ratio and now appearing poised to continue its next bullish leg.

tradeforex-network Updated 

Short EUR/USD: Observing a parallel bearish channel with the continuation of the ABCD leg.

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A bullish inverse head and shoulders pattern is forming on ETH/USD. ETH appears to be approaching the completion of the right shoulder, which lies in the $2,800–$2,900 region. A solid buy position can be considered in this area. Continue buying the dips! The projected target for this pattern is around $6,000.

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ETH is gearing up for a bull run! Monthly Chart : An ABCD pattern indicates a price projection around $6,000. Daily & Weekly Charts : A bullish continuation pattern (Cup and Handle) supports the same target of $6,000. Strategy : Buy the dip and hold. Alternatively, wait for a breakout above $4,110 for confirmation.

tradeforex-network

TRG has broken its bearish trendline and the last lower high, with the price now trading above it. A buy above the breakout of the last high is recommended for confirmation of a bullish trend reversal.

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HCAR has broken its weekly resistance and is trading above it. An ABCD pattern is clearly visible on the chart. A buy can be considered if the daily candle closes above the resistance level.

tradeforex-network

TOMCL has broken its bearish trendline and the last lower low, accompanied by bullish divergence, indicating a potential bullish reversal. A buy at the current market price (CMP) is suggested, targeting the previous highs.

tradeforex-network

OBOY has broken out of its weekly accumulation zone and closed above that level. The price is now retracing back to the zone, presenting an opportunity to buy at the current market price for a potential move toward the previous highs.

tradeforex-network Updated 

The weekly BTC/USDT chart shows a bullish continuation pattern, specifically a cup and handle formation. This pattern suggests a potential bullish rally, with a significant move expected once the price breaks above the key resistance level.

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Gold is ready to retest its all-time high (ATH). It has broken out of its consolidation box but is currently struggling around the bearish trendline. A buy setup is confirmed on the breakout of the bearish trendline, with targets set at the ATH levels.

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USD/CHF has been in a bullish trend for the past few weeks; however, the momentum appears to be weakening as the price has moved sideways recently. Additionally, a Head and Shoulders reversal pattern has formed, signaling a potential trend reversal. A short position can be considered upon a confirmed breakout below the neckline , with targets aligned to the...