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AUDCAD successfully surpassed and closed below an important intraday horizontal support last week. Following this breakout, the market retraced back to retest the previously broken level. The bearish response to this retest suggests that there is a strong likelihood for the downtrend to persist. The targets for this decline are set at 0.8800 and 0.8760.

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Following a month of trading within a horizontal range, CADJPY recently broke above its resistance level and closed higher. The previous resistance has now become a strong support level. I anticipate further upward movement in CADJPY, with targets set at 113.00 and 113.51.

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A significant head and shoulders pattern has emerged on the intraday chart of USDDCAD. The pattern's neckline was breached during the Asian session, with a candle closing below it. I anticipate a downward trend from here on, with the next support level likely at 1.3670.

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Gold broke below a strong horizontal support level and the neckline of a dynamic head and shoulders pattern. The broken neckline and horizontal structure now form an expanding supply zone. I anticipate a bearish movement from this area, with a target of 2330.

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⚠Bitcoin is currently trading in a wide horizontal range on a daily chart. Depending on whether there is a breakout to the upside or downside, I see two potential outcomes. In a bullish scenario, if the price breaks and closes above the all-time high resistance level of 73,670 on a daily chart, I anticipate a bullish movement to at least the 82,000 level. In a...

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EURUSD is currently in a bearish trend within an expanding wedge pattern. However, there are signs of a potential bullish reversal as the price recently tested a key daily wedge support and formed a falling channel pattern. The price has now broken above a resistance line of the falling channel pattern, suggesting a likely continuation of the bullish trend....

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📈EURNZD formed a double bottom pattern following a test of a crucial intraday support level. Breaking above the pattern's neckline is a significant bullish signal. Anticipated upward movement could reach the 1.8100 level.

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This week, NZDCAD broke through and closed below an important horizontal support level. The broken support has now become a resistance level, which the market is currently retesting. I anticipate a bearish trend continuing towards the levels of 0.8117 and 0.8070.

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GBPCAD created a bullish flag pattern on the 4-hour chart. After testing a strong intraday support cluster, the resistance was eventually breached. This could signal a potential bullish trend continuation. The targets to watch for are around 1.7220.

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Gold is currently in a bullish trend and recently reached a new high before starting a correction. There is an important confluence zone to watch for potential bullish movement, indicated by a rising trend line and horizontal structure on the chart. The expected goals for this movement are 2389 and 2405.

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⚠USDCHF is currently at the top of an ascending triangle pattern on a short-term chart. This formation is typically seen as a strong indicator of bullish momentum in an upward trend. A breakout above the neckline at 0.9152 would confirm this bullish pattern, with a potential target of 0.9220.

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CHFJPY successfully broke above the neckline of a flat top triangle pattern on a 4-hour chart and closed above it. This signals the strength of the buyers and suggests a possible return to a bullish trend. The next targets for buyers are 169.33 and 170.03.

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⚠DXY closed last week at a solid daily resistance zone Depending on the reaction of the price to that structure, I see 2 potential scenarios for this week. Bullish Scenario If the price breaks and closes above 106.17 resistance on a 4-hour chart, a bullish continuation will be expected to 106.89 level. Bearish Scenario The price may respect the underlined...

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AUDJPY has developed a significant head and shoulders pattern on the an intraday chart. The pattern's neckline was breached yesterday, with an intraday candle closing below it. I anticipate a downward trend now, with the next support level likely at 98.20.

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We have observed two significant developments on the AUDCHF chart. The market has broken through and closed below a strong upward trend line and an important horizontal support level. These broken structures now form an expanding supply area. We can expect a further downward movement towards the 0.5828 level.

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Yesterday, Gold hit a significant upward trend line on a short-term chart. Despite the market consolidating in a sideways pattern for a while, touching the trend line caused the pair to move higher. The market then surpassed and stayed above the resistance level of the range. I anticipate that the pair will continue to rise after retesting the broken...

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The GBPUSD experienced a significant decline yesterday following the release of CPI data. After reaching a new intraday low, a corrective movement began. The market was showing steady growth within a bearish flag pattern. To anticipate a bearish trend continuation, look for a bearish breakout below the flag's support level. If the price breaks and closes below...

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USDCAD is currently testing a strong horizontal daily resistance level. Once it reached this level, the price began to consolidate in a tight horizontal range on the 1-hour timeframe. To consider a short position with confirmation, it is recommended to wait for a breakout below the support of the range. A close below this level on an hourly candle will confirm...