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WTI Horizontal Channel Congestion Prior to Breakout
WTI Horizontal Channel Congestion Prior to Breakout
Source: Admiral Markets MT5 with MT5SE Add-onThe WTI started a bearish move at the break of bullish wedge top and now it is trading within the horizontal channel. However, the price is currently below the EMA89 and MACD is below zero line so we might see another drop. 67.20-40 is the POC zone. Rejec...
9
EUR/USD Combined Bullish Patterns Targeting 1.1750 Interim Resistance
EUR/USD Combined Bullish Patterns Targeting 1.1750 Interim Resistance
Source: Admiral Markets MT5 with MT5SE Add-onPositive news about Italy yesterday, sent the EUR/USD bouncing from support and making two bullish patterns. V-shaped reversal combined with Inverted Head and Shoulders saw the trend change on intraday timeframes. It looks like the EUR/USD formed two POC ...
4
Аналитика рынка форекс на 31 мая: EURUSD, GBPUSD, GOLD, Brent, DAX30, Биткоин
Данная информация касается всех видов анализа, мнений, прогнозов, ожиданий и любых подобных им оценок и информации (далее „Публикация"), опубликованных на домашней странице AdmiralMarkets. Перед принятием инвестиционного решения просим обратить внимание на следующее:1.Публикация является информативн...
3
GBP/USD Time for a Correction?
GBP/USD Time for a Correction?
Source: Admiral Markets MT5 with MT5SE Add-onThe GBP has reached the 1.3200 zone as expected and predicted via my latest GBP/USD analysis and FXStreet poll. We can see that bullish divergence has formed and 1.3240-70 is the zone where price might reject to the upside. If 1.3230 holds next targets co...
9
GBP/JPY Flat Descending Triangle Breakout
GBP/JPY Flat Descending Triangle Breakout
Source: Admiral Markets MT5 with MT5SE Add-onThe GBP weakness has made both the GBP/USD and GBP/JPY breakout to the downside a matter of time. The GBP/JPY has broken through 145.11 and 144.70 and it is targeting 144.15 as the first target. If the 4h candle closes below 144.14 we could see 142.92. Pu...
8
AUD/USD Megaphone Pattern in Uptrend
AUD/USD Megaphone Pattern in Uptrend
Source: Admiral Markets MT5 with MT5SE Add-onThe AUD/USD has been in an uptrend but during the latest consolidation it has formed a megaphone pattern variant. The broadening top or megaphone is a pattern that shows both higher highs and lower lows In this case we can see a triple bottom and higher h...
8
GBP/USD Break Below the Equidistant Channel is Possible
GBP/USD Break Below the Equidistant Channel is Possible
Source: Admiral Markets MT5 with MT5SE Add-onThe GBP/USD has been in a steady progressive downtrend. We can clearly see the equidistant channel holding the bearish trend intact. The pair is currently underpinned by being kept below the Weekly L4 1.3380 so we might see a drop towards 1.3310, 1.3250 a...
1
USD/CAD Rectangle Consolidation Above Ascending Trend Line
USD/CAD Rectangle Consolidation Above Ascending Trend Line
Source: Admiral Markets MT5 with MT5SE Add-onThe USD/CAD has been consolidating within the rectangle range above M L3 pivot point. Consolidation is also between the W L3 and H3 above the ascending trend line, so I assume the price is still bullish. 1.2760-1.2787 is the POC zone and we might expect a...
1
GBP/JPY Direct Drop After the Bearish SHS
GBP/JPY Direct Drop After the Bearish SHS
Source: Admiral Markets MT5 with MT5SE Add-onThe GBP/JPY has dropped after the bearish SHS variant has been formed in 4h time frame. We can see how the trend line break caused a direct drop to W L5 camarilla pivot. This is the important zone 147.00-15. We might see a spike towards a retest of trend ...
9
USD/JPY Progressive Zig-Zag Potentially Targeting 111.60
USD/JPY Progressive Zig-Zag Potentially Targeting 111.60
Source: Admiral Markets MT5 with MT5SE Add-onThe USD/JPY has formed a progressive Zig-Zag pattern and at this point it seems like bullish momentum is shaping up for a new push higher. 110.90-111.05 is the POC zone and if the price manages to stay above 110.70 we might see higher levels. Next targets...
7
GBP/USD Megaphone Pattern Turned into a Head and Shoulders
GBP/USD Megaphone Pattern Turned into a Head and Shoulders
Source: Admiral Markets MT5 with MT5SE Add-onThe GBP/USD went exactly as expected both on my LIVE trading webinars and FXstreet poll. It was a bit messy due to Megaphone pattern so we could have traded it both to the long and short side, but things have become more evident due to Head and Shoulders....
10
WTI is Bullish but Might Reject from 72.00-72.30 Zone
WTI is Bullish but Might Reject from 72.00-72.30 Zone
The WTI has risen due to both Geopolitical events in the Middle East and market forces. However the price has reached 72.29 then closed below W L3, so we might expect further drop if the price stays below 72.30. For bulls, 62.30-90 is the zone to watch for as the price might bounce, once the zone ha...
2
EUR/USD Close to the Strongest Monthly Support
EUR/USD Close to the Strongest Monthly Support
The EUR/USD has been in a steady downtrend after it broke from consolidation mode. The pair went below 1.1780 yesterday, but 1.1720 is still a big hurdle for bears. The price is rejecting the W L5 level, and we could see 1.1850. However, 1.1835-50 could provide a rejection towards 1.1763 retest and ...
5
WTI Uptrend Above W L3 Pivot Continues
WTI Uptrend Above W L3 Pivot Continues
The WTI has been in a steady uptrend that is followed by a bullish zigzag pattern. 69.35-95 is the POC zone and as long as the price is kept above 67.90, the WTI is bullish. Targets are 71.65 and 72.80. If the 4 hour candle closes above 72.80 we might see a push towards W H5 – 74.92. Source: Admiral...
1
AUD/NZD Strong Uptrend Continues
AUD/NZD Strong Uptrend Continues
Due to diverging RBNZ and RBA monetary policies, the AUD/NZD has formed a strong uptrend breakout above the order block / MH3 confluence. Technically, if the price retraces to 1.0750-75 we should see another bounce towards 1.0876. However, another close above 1.0876 should provide a continuation tow...
1
USD/CAD Inverted Head and Shoulders in 4 Hour Timeframe
USD/CAD Inverted Head and Shoulders in 4 Hour Timeframe
Technically speaking, the USD/CAD has been in a downtrend in 4h timeframe, but at this point it is looking a bit supported. The pair has formed two POC zones. The POC 1 1.2705-1.2720 ( W L3, 61.8, M L3, right shoulder) is the interim support zone and the bounce is expected as long as the price holds...
2
DAX30 Ascending Channel Confirms the Uptrend
DAX30 Ascending Channel Confirms the Uptrend
This week we saw Trump renege the Iran deal, which saw Oil prices climb, and despite the uncertainty, Equities markets continued to rise. There was talk from Macron that we should look for solutions to continue to trade with Iran. In addition, we saw signs of USD strength during the week, followed b...
1
GBP/USD Rounding Bottom Shaping up on Super Thursday
GBP/USD Rounding Bottom Shaping up on Super Thursday
The single most important event today is Super Thursday. At 11 AM GMT (13:00 CEST) the BOE (Bank of England) will publish its latest interest rate decision, the minutes of that meeting showing what was discussed and how the voting went, and the quarterly inflation report. Depending on the vote split...
2
EUR/USD Regular Bullish Divergence in 4h Timeframe
EUR/USD Regular Bullish Divergence in 4h Timeframe
The EUR/USD has reached W L4 support and we can see that the price has established a bullish divergence. If the 4h candle doesn't close below the W L4 – 1.1834 we might see a bounce to the upside possibly targeting W H3-1.2022 and W H4 – 1.2085. However 1.2050-85 is the zone for short sellers. If th...
3
USD/CAD Upside Breakout as Expected
USD/CAD Upside Breakout as Expected
The USD/CAD is making a strong bullish breakout as expected. The setup was presented live on Weekly Trading Recap webinar and the price went exactly as expected. At this point we see a strong upside break after the inverted head and shoulders pattern. This was expected as USD/CAD had a bullish conso...
2
USD/CAD Rectangle Consolidation in Intraday Timeframe
USD/CAD Rectangle Consolidation in Intraday Timeframe
The USD/CAD has been consolidating within the rectangle between W H4 and W L3 levels. Traders need to pay attention to all weekly levels pivot points that are contained in the box. 1.2908 1.2878 and 1.2815. Daily pivot levels are also significant so we need to look at the confluence. We might expect...
4
Pre NFP Analysis: USD/JPY Make It or Break It
Pre NFP Analysis: USD/JPY Make It or Break It
Today's focus will be the NFP with all related data such as the Average Hourly Earnings (wages). This will be the main driver for today and possibly the next week too.109.45-55 is the important zone to watch for further reaction from the USD/JPY. Above 109.55 the price could bounce to 109.71and 110....
1
WTI Bullish Flag on 4H Time frame
WTI Bullish Flag on 4H Time frame
The WTI has formed a bullish flag at W L4/M L3 confluence zone. The price might spike from the POC zone 66.70-67.30 towards 69.18. A 4h close or 1h momentum above 69.20 should provide a bullish flag breakout. If that happens targets are 70.23 and 70.67. Ideally for the WTI to remain bullish, the pri...
3
AUD/USD Could Reject on Triple Bottom Retest
AUD/USD Could Reject on Triple Bottom Retest
The AUD/USD has formed a downtrend swing and at this point it is trying to break the W L3 pivot. If it breaks it, traders need to focus on the POC 0.7620-60 as the price could go and retest the triple bottom (green line). That is the zone where we should see fresh sellers and the price could reject ...
3
GBP/USD Proceeds With a Downtrend on Bad Manufacturing PMI Numbers
GBP/USD Proceeds With a Downtrend on Bad Manufacturing PMI Numbers
The GBP/USD performed exactly as expected. Today's worse than expected Manufacturing PMI numbers, rejected the price below the W L3 – 1.3700. We might see a continuation of a downtrend if the price manages to stay below 1.3750. Targets will be 1.3622 and 1.3581. Have in mind that M L3 -1.3581 is the...
1
GBP/USD Downtrend Below 1.3860
GBP/USD Downtrend Below 1.3860
The GBP/USD has formed a bearish breakout pattern below the green trend line and at this point we see a continuation of down trend. If the price gets within 1.3825-55 we might see another drop and now moment sellers. However a continuation below 1.3750 should pull the price towards 1.3720 and 1.3700...
1
USD/JPY Strong Uptrend but Watch for 109.77
USD/JPY Strong Uptrend but Watch for 109.77
The USD/JPY has been in a very strong uptrend breaking both Monthly and Weekly H5 resistance levels. At this point traders should watch for 109.77 previous daily high and historical sellers spot. The price could reject towards 108.96 and 108.15 POC zone. POC zone is the spot where the price could bo...
1
Gold Technical Bearish Structure Formed
Gold Technical Bearish Structure Formed
Tension in Syria may have eased slightly with Trump's suggestion of withdrawing US troops given that ISIS was largely contained. Macron's views by comparison were slightly different, raising concerns still that instability in Syria will remain. On the flipside, as Oil prices have been rising, the US...
1
USD/CAD Rounded Bottom Possibly Targeting 1.2940
USD/CAD Rounded Bottom Possibly Targeting 1.2940
Source: Admiral Markets MT5 with MT5SE Add-onThe USD/CAD has formed a rounded bottom pattern. We can see that the previous high is being tested and if the 4h closes above it (1.2862), we should see a continuation to the upside. POC 1.2800-20 could also spike the pair in the case of retracement. The ...
1
DAX30 Continuation of Bullish Trend
DAX30 Continuation of Bullish Trend
Source: Admiral Markets MT5 with MT5SE Add-onAs we could see from my previous DAX30 analysis, the price action was totally respected and there is still potential for upside continuation. 12378-451 is the POC zone and we might see a rejections if the price retraces within the POC zone. Continuation a...
1
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