Forex Blog |  breakout

GAP Down Creates Fresh Supply Above In the wide picture, the SPX500 index is in zones of records and therefore it’s safer now to look for the reversal signal. We can also see a significant MACD divergence and it’s the first time in the past two months the MACD fall below 0.00 value in the […]

GBP/JPY price is forming a symmetrical triangle pattern in the D1 chart. It’s about three weeks now that the price forming this symmetrical pattern and the range become more and tighter. We can definitely expect the price to breakout the triangle very soon. If the price will break down the triangle it indicates the price […]

Price Action Analysis With Descending Triangle Pattern 23/10/2019 As we can see on the D1 time frame chart, BTC/USD price is in bearish momentum. Three weeks ago the price broke out a descending triangle toward down while creating a fresh supply above. This descending triangle has created and lasts for almost three months. Below us, […]

It Seems BTC/USD Price on Its Way to 4200.00 Zones. Tuesday  08/10/2019 On the D1 time frame chart, BTC/USD price performed a Descending triangle pattern. The Descending triangle pattern represents a situation where the buyers cannot push the price to a new high. The price creates a lower and lower highest while the sellers struggling […]

Which Direction the Price Will Break the Triangle Pattern, Down or UP? Long Term Analysis for USD/CAD Sunday  06/10/2019 The symmetrical triangle pattern is a pattern where the price converges into a tight range. The  USD/CAD price creates a higher low and a lower highest. The meaning of that is that there is no dominant […]

GBP/JPY Performed a Double Bottom After MACD Divergence. Wednesday 25/09/2019 If we look at the GBP/JPY D1 chart, we can see that the price has performed a double bottom pattern below. A double bottom is a reversal pattern in the forex market. It usually shows up after a significant trend. In that case, we can […]

Change the Momentum or Only a Technical correction? Thursday  19/09/2019 The USD/JPY is still considered in bullish momentum. We can see the significant MACD divergence which lasts all the recent uptrend. While during this uptrend the price creates a few higher highs the MACD indicator creates a lower high. This divergence indicates a weakness of […]

A Confluence of MACD Divergence and Pinbar Candlestick. Monday  09/09/2019 Pinbar candlestick is one of the most reliable candles in the Forex charts. It is a reversal candlestick signal. The unique structure of this candle includes a long candlewick, at the opposite side a small candlewick, and a small body. The long candlewick should be […]

CCI and MACD Divergence Confluence With Double Bottom Sunday  08/09/2019 The double bottom pattern is one of the reversal patterns in the forex market. It usually formed after an extended downtrend when two valleys formed at the same level. The sellers weren’t able to go below the last level and create a lower low. It’s […]

Which One of The Triangle’s Border The Price Will Break First? Wednesday  04/09/2019 On the D1 time frame chart, we can the USOIL price creates a Descending triangle pattern. The Descending triangle pattern represents the forces of buyers who unable to push the price higher, And the sellers fighting to push price lower and creates […]

BTC/USD is Back Into the Bearish Zone After Breakout the Demand. Thursday  22/08/2019 A fresh supply which created on the 20/08 has succeeded to breakout the demand from 19/08. This situation turns back the BTC/USD price into the bearish momentum. In our previous post on BTC/USD, we marked this demand as a great level for […]

What Makes This Bitcoin Demand Level a Critical One? Tuesday 06/08/2019 Bitcoin keeps rise up and creates fresh demand levels on its way up. The financial markets all over the world had a significant drop in the last few days. Some of the indices had the worst day in 2019 yesterday. The trade war between […]

A Confluence of MACD Divergence in W1 Chart and Fresh Demand in H1 Chart Sunday 21/07/2019 If we look at the W1 chart of GBP/USD, we can see the price just arrived into support zone. The source of this support is a demand level from April 2017. In December 2018 the price tested this demand […]

Sunday 14/07/2019 After S&P500 Reach New High Record, What are The Signals For Reversal Opportunity? last week ended with new high records for the S&P500. The main reason for the stock market to keep rising up is the high expectations for an interest-rate cut from the Federal Reserve. These expectations came after Federal Reserve Chairman […]

Saturday 13/07/2019 A Confluence Between Head & Shoulders and CCI Divergence If we look at the long term charts (D1 or W1) we will see the EUR/AUD is in bullish momentum. The recent technical correction which starts about three weeks ago created a Head and Shoulders pattern. Head and Shoulders pattern that came after a […]

Wednesday 03/07/2019 A significant Divergence Between MACD and Crude Oil Price Highs. Yesterday, the OPEC succeeded to extend their agreement to cut production for crude oil until 2020. Also, The American Petroleum Institute (API) declared that they had found another large inventory of crude oil. Despite this good news USOIL price continues down. In the […]

Confluence of Fibonacci 38.2% and Demand Level on XAU/USD Thursday  20/06/2019 Three years ago, the XAU/USD (Gold) price was sitting at 1375.00 zones and dropped to 1120.00 zones before creates a new high record. During the last three years, the price retraced to the 1375.00 zones three times. But it didn’t succeed to break this […]

Monday  17/06/2019 Combination Of Fibonacci 38.2% And Fresh Supply. We can see that on the 4H, 1D, 1W and even 1M charts that, in the long term, the NZD/USD pair is in bearish momentum. At the moment, we can also see on the 4H chart that the price has just arrived at the demand level […]

Sunday  16/06/2019 MACD Divergence With A New Supply For Sell Position On XAU/USD. There are a few reasons to look for a sell position in XAU/USD: 1. In the wide picture – 1W chart, the price has just arrived into a strong resistance zone. The last time that this happened was about a year and […]

Engulfing  Candlestick Pattern With Price Action Analysis For USD/CAD, Monday 10/06/2019. Last week’s candle on USD/CAD has ended with an engulfing candlestick pattern. This weekly candlestick is red from the beginning to the end. After the price compressed vertically and took all the buyer’s orders on the way up. It dropped back to the origin […]

Outside Bar Candlestick Pattern With Price Action Analysis For SPX500, Sunday 09/06/2019 As we can see on the 1W chart, the last week candle has ended as an outside bar candlestick pattern, that’s happened after the Federal Reserve announcement About the chances for Interest reduction soon, that bullish outside bar candlestick indicates that the price […]

Price Action Analysis for USOIL Price 29/05/2019 In this 1D chart, we can see the USOIL price has developed a bearish momentum, For the long term. it seems the price is on its way to reaching the demand at the bottom which is 45.00 zones. In the 4H chart, we can see a great level […]

In this 4H chart, we can see that the SPX500 is still bullish and the price just arrived into the support zone which is a critical level. If the price breaks out the support, then it will indicate that the bullish momentum has ended and the price now becomes bearish. That support is also the […]

Wednesday  22/05/2019 Price Action Analysis for USD/CAD. The USD/CAD price just moved into the support zone. This is the third time that the price is touching this support. As much as the price is doing so after so many times, this support is becoming riskier to trade on. Therefore, it’s safer to wait for the […]