AnalytixEdgeByQasim

AnalytixEdgeByQasim Updated 

"NZDUSD currently exhibits a bullish trend, although bearish divergence and a potential bearish double top formation suggest caution. The presence of a bullish flag pattern amidst sideways price movement indicates uncertainty. With price currently consolidating, a breakout above 0.61406 would favor bulls, while a break below 0.60956 would favor bears. Await...

AnalytixEdgeByQasim

The GBPUSD is currently in a bullish trend, characterized by higher highs and higher lows. However, the price action has developed a bearish divergence alongside a rising wedge pattern, indicating a potential bearish reversal. A critical level to watch is 1.26864, the previous higher low; a break below this point would signal bearish control, with an expected...

AnalytixEdgeByQasim Updated 

Since May 14, 2024, the EUR/GBP pair has been in a downtrend, but recent technical indicators suggest a potential reversal. The price has formed a bullish divergence at a key support level on the daily trendline, accompanied by a double bottom pattern and the completion of an ABCD harmonic pattern with divergence at point D. This confluence of bullish...

AnalytixEdgeByQasim Updated 

AUDCHF is in bullish trend. A cup and handle formation is a testimony for its bullish continuation. Hopefully previous bearish divergence has been diluted.

AnalytixEdgeByQasim Updated 

EURUSD has almost completed its AB=CD pattern. After formation of divergence a possible down move is expected.

AnalytixEdgeByQasim Updated 

NZDCAD has completed its bullish pattern, however, no divergence has been observed to indicate price reversal. Having said that, there is a buy opportunity at the break of previous lower high as some bullish movement is expected.

AnalytixEdgeByQasim Updated 

GBPCAD is currently moving up making HH and HL. Sign of retracement are observed with no divergence. Price can move up to a defined projection giving a good opportunity to buy on breaking highs.

AnalytixEdgeByQasim Updated 

Gold has retraced from its max value of 2431.590. Currently it is at key trendline level on daily. But we see no signs of bearish trend slowing down. Hence, price may fall further. Bearish continuation pattern has been formed and on break of its pole end, price will continue bearish, which gives us a good opportunity to sell.

AnalytixEdgeByQasim Updated 

EURUSD is currently reaching its PRZ. It is also following its trendline. A bearish divergence at PRZ is a good setup to sell.

AnalytixEdgeByQasim Updated 

EURCAD has completed its Bearish Gartley pattern and has formed divergence as well. Hence, because of multiple confluences, there is a bright chance that price will move down.

AnalytixEdgeByQasim

- Price making HH's -Rsi making LH's -Volume making LH's - Price is about to turn around for bearish move anytime.

AnalytixEdgeByQasim Updated 

XPDUSD has completed bullish deep crab pattern and potential bullish reversal is expected. Price has also formed bullish divergence at potential reversal zone. We can buy at the break of the previous LH

AnalytixEdgeByQasim

- Gold does follow a particular pattern for bullish impulse move. - Recently, most of the gold bullish impulse moves followed a particular duration before the market turned around. - 40 to 45 days is the range which gold remains bullish, after that price turns around. - Considering, its recent impulse move, it has completed its 41 days cycle of bullish impulse,...

AnalytixEdgeByQasim Updated 

We have observed completion of XA, AB and possibly BC limb as well. We have yet to wait for CD limb to complete. Price may go up at PRZ, which will be a potential buy opportunity.

AnalytixEdgeByQasim

Gold doesn't seem to be stopping soon. forming bullish divergence on 4H and a potential cup and handle forming. The breakout of the price above can hit the potential targets which can be used for profit taking.

AnalytixEdgeByQasim

- There is a characteristic pattern that gold chart follows during its bullish rally. - During first rally from August 1976 till January 1980, the price went up by 773% over 41 months period. - During second rally from August 1999 till September 2011, price went up by 662.03% over 145 months period. - If we compare the first rally with the second, there was a drop...

AnalytixEdgeByQasim Updated 

EURUSD was in bullish retracement for a while. But at the close of the friday, it showed some signs of bearish continuation, which is in line with higher time frame. Expecting a major bearish move.

AnalytixEdgeByQasim Updated 

GBPCHF is in continuous upward momentum. A bullish continuation flag pattern has formed. A breakout of the high gives a good buy opportunity for good gains.