AnalytixEdgeByQasim

AnalytixEdgeByQasim

The GBP/JPY pair is currently in a consolidation phase, forming an ascending triangle pattern. The price action shows a consistent formation of higher lows, indicating potential momentum for an upcoming breakout. A buying opportunity may arise if the price breaks above the key level of 197.149. It is essential to prioritize risk management when considering this trade.

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EUR/NZD is displaying potential signs of a bearish reversal, highlighted by a bearish divergence and the formation of a head and shoulders pattern. A decisive break of the neckline could signal the onset of a new bearish trend, offering a favorable selling opportunity for traders.

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The GER40 is currently retesting a significant support zone following a clear breakout. The ongoing pullback is testing the 0.382 Fibonacci retracement level, aligned with a key trend line, providing additional confluence for a bullish outlook. Furthermore, the absence of any bearish divergence strengthens the case for a potential upward move.

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USD/CHF has reached a crucial weekly support level, suggesting a potential exhaustion of its prolonged downtrend. The descending trendline has effectively contained the price with five classic touches, reinforcing its validity. However, considering the anticipated weakening of the dollar due to expected rate cuts and upcoming CPI data, this trade remains delicate....

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GBPCAD has been trading within a bullish channel on the weekly timeframe, recently awaiting key interest rate news to confirm its direction. The Canadian dollar saw a 25 bps rate cut yesterday, which has weakened it further, adding to the existing bullish momentum in GBPCAD. Technically, a Cup & Handle pattern has formed near a key resistance level, indicating...

AnalytixEdgeByQasim Updated 

GBP/USD has reached its weekly resistance level, forming a bearish divergence alongside an almost double-top pattern, signaling potential downside pressure. While the U.S. dollar may exhibit temporary bullish momentum, contributing to a potential reversal in GBP/USD, caution is advised as the ABCD pattern remains incomplete. Traders should be mindful of this...

AnalytixEdgeByQasim

After the recent rate cut speculation has largely subsided, the outlook suggests a weaker dollar moving forward. High-probability bullish scenarios may emerge if the price rebounds from key support zones that coincide with the 0.382 or 0.618 Fibonacci retracement levels. Further confluence could be added if the price also interacts with the 50 or 100-day Simple...

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EURAUD has shifted to a bearish trend following a pause in its previous bullish momentum. The emergence of a Head and Shoulders reversal pattern, accompanied by a neckline retest and the formation of a bearish flag, signals a potential continuation of the downward movement. The break of the flagpole and the development of an AB=CD pattern further support a...

AnalytixEdgeByQasim

US100 might complete its bullish continuation till the completion of Bearish Butterfly pattern. If we see indication of trend exhaustion, bearish divergence and reversal patterns at PRZ, potential buy setups might emerge.

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The AUDCAD has regained bullish momentum following a break and retest of the neckline in its Head & Shoulders formation. This development suggests a potential buying opportunity may emerge upon a break above the previous swing high, with a stop loss strategically placed below the retest level. This setup aligns with the ongoing upward trend and offers a favorable...

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POL is currently in uptrend and forming rising wedge pattern. It is also showing a bearish divergence. It may fall after breaking lower trend line and possible short opportunity after breaking previous higher low. Stoploss would be recent high.

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EUR/GBP has been trending bullish, consistently forming higher highs and higher lows. A potential buying opportunity is emerging at the 0.382 Fibonacci retracement level, which aligns with a key daily support level, signaling a possible continuation of the bullish trend.

AnalytixEdgeByQasim Updated 

NZDCAD has turned bullish, currently forming an ascending triangle, a continuation pattern indicative of further upward momentum. The price has broken above the previous high, signaling strength in the trend. A buying opportunity may present itself upon a retest of the breakout level, where the previous resistance could act as new support. Traders should consider...

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GBPCHF has recently shown signs of ending its uptrend and may continue to decline. This outlook is supported by the presence of bearish divergence and a bearish head and shoulders pattern. A sell opportunity is anticipated once the price breaks below the neckline, with the critical level being 1.14430.

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The EURNZD experienced a strong bullish rally, but it is now at a critical level. A double top reversal pattern accompanied by bearish divergence suggests a potential shift in trend. If the price breaks below the neckline, it will confirm bearish control, with the 1.82277 level being particularly significant.

AnalytixEdgeByQasim Updated 

The EURAUD has recently been in a bullish trend, but several technical indicators suggest a potential shift. The presence of a bearish divergence, the completion of an AB=CD pattern, and the break of the neckline at 1.63781 indicate a possible bearish reversal. A sell opportunity could emerge if the price action forms a lower low, breaking the previous higher low....

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The GER40 Index has initiated a bullish trend, characterized by the formation of higher highs. Notably, there is no divergence present, suggesting a strong continuation of the current trend. At a discounted price of 18424.8, there is a favorable buying opportunity for traders. Given the current market conditions, it is anticipated that this upward trend will...

AnalytixEdgeByQasim Updated 

GOLD is currently at a critical juncture, marked by multiple confluences. The price is within the Potential Reversal Zone (PRZ) of a bearish bat pattern and is facing a key resistance level, which could potentially lead to the formation of a head and shoulders pattern. Additionally, the presence of bearish divergence signals potential downward pressure. A break...