GOLD's breakout or retest completion of the descending triangle pattern in the 1-hour timeframe, combined with its adherence to the Impulse Correction Strategy, suggests a potential buying opportunity. Traders may consider long positions in GOLD for both short-term and long-term trades, anticipating further upward movement based on this technical analysis.
EURUSD demonstrates a bearish outlook with a confirmed breakout and retest of the ascending trend line, coupled with the formation of a double top pattern. This suggests a potential selling opportunity. Traders may consider short positions in anticipation of a downward movement in EURUSD, but it's essential to monitor price action for confirmation before executing trades.
EURNZD exhibits a double top formation and is currently within a rising wedge pattern, indicating a potential short opportunity. However, it's crucial to await confirmation through candlestick action before considering any trading decisions.
Gold's Elliott Impulse Wave (12345) has concluded, transitioning into an Elliott Correction Wave (ABC), signaling a potential selling opportunity. Traders may consider short positions as Gold undergoes this corrective phase, anticipating a downward movement in the near term.
GBPUSD shows a bullish potential, following Elliott Impulse Wave theory with completion of waves 1 to 4 and the current move into the 5th wave. This suggests a buying opportunity for both long-term and short-term trades. Traders may consider a favorable position as GBPUSD continues its upward momentum within the context of the Elliott Wave pattern.
USDCAD displays a bearish outlook as it breaks out of its ascending channel and rising wedge pattern. This technical analysis signals a potential short opportunity, with the breakout indicating a shift in momentum. Traders may consider short positions in anticipation of a continued downward trend in the USDCAD currency pair.
GBPUSD Technical Analysis According Short Because, GBPUSD Moved in Ascending Channel or GBPUSD Make Duble Top. Now I think GBPUSD is the Sell. for Long Time or Short Time Trade.
XAUUSD Technical Analysis According Short Because, XAUUSD Moved in Ascending Channel or XAUUSD Move to Retest. Now I think XAUUSD is the Sell. for Long Time Trade.
USDJPY Technical Analysis According Short Because, USDJPY Ascending Channel or Ascending Triangle Breakout or Retest Complete. Now I think USDJPY is the Sell. for Long Time Trade.
GBPCHF Technical Analysis According Lone Because, GBPCHF Moved in Ascending Channel And it has Completed it 78% Right Correction. Now I think GBPCHF is the Sell. for Short Time Trade.
EURGBP Technical Analysis According Lone Because, EURGBP Falling Wedge or Descending Trend Line Breakout or Retest Complete so EURGBP BUY FOR Long Time Trade.
AUDNZD Technical Analysis According Lone Because, AUDNZD Make Double Bottom. or Reject This Level Again and Again.
GBPAUD Technical Analysis According Lone Because, GBPAUD Falling wedge or Descending Trend Line Breakout or Retest Complete.
AUDUSD Technical Analysis According Lone Because, AUDUSD Falling wedge or Descending Trend Line Breakout or Retest Complete.
NZDUSD Technical Analysis According Lone Because, NZDUSD Consolidation Breakout or Retest Complete. So NZDUSD Buy for Long Time Trader and Short Time.
EURUSD 4H Time Frame Breakout Descending Channel or Retest Complete. So EURUSD BUY FOR Long Time Frame.
We saw EURJPY Short Because, EURJPY Make Double Top or Follow Ascending Trend Line .
We saw EURUSD Short Because, EURUSD Moved in Descending Channel .