This picked-up channel is playing a significant role in both weekly and monthly timeframes.
There is no evidence yet for a rally above the $32k on the BTC chart which is likely to be the attempt of a new ATH.
We see the price rejection happened over the trend line resistance with solid selling pressure indicating that the price is under control.
Here we expect to see another downside momentum to create a bearish impulse in the channel.
#XAUUSD has just created a bearish breakout on the bear flag formed. Here we may see a further downside momentum towards the bottom support highlighted. Where we also following up on a hourly bearish trend at the moment.
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#TSLA 's expanding channel formed is playing a major role. We see a reversal followed by the strong resistance formed & this retracement can be extended towards the bottom bullish impulsive trend line formed.
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#GBJPY is consolidating inside a distribution zone and we have seen strong selloff happened recently on the support breakout formed but it got faked out with a quick market recovery.
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#GBPCHF is on a sideways price action playing inside a triangle with a strong support zone. Here we should keep a close watch on the price to determine the future direction based on the breakout that this pair might take.
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#EURUSD has created an expanding channel where we should keep a close watch on the trend line and also on the highlighted resistance as if the price will do a reversal or a breakout above the level.
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@cireumayn111 In the long run ( Monthly and Yearly ) readings show a neutral momentum. Under the weekly to daily readings it's a clear bearish trend which just got supported and shows bullish reversal under hourly timeframe.
#AUDNZD is just holding a daily support where we strongly believe that the price may retest a deeper level of support to accumulate more liquidity and buying pressure before a retracement.
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#EURAUD continue to grow on a bullish trend and here we see that the price has revisited an important daily resistance level, Here we may see a possible reversal or a breakout to the upside.
#fx#forex#trading#forextrading#eurusd#gbpusd#xauusd