Forex Blog |  key level

Price action analysis after the massive rally in the GBP/USD. The GBP/USD price has a significant rally after Boris Johnson wins the UK election. As we can see, the price reaches the highest level in the past 18 months and it seems there are more rooms to move up. If we look at the M30 […]

  As we can see in the H1 chart, the CAC40 index has suffered from a significant drop in 02/12 and 03/12 as most of the stock market indices in the world. I have pulled the Fibonacci from the beginning to the end of this drop. This drop creates a great fresh supply above and […]

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 […]

If we look at the weekly chart, we can see that the EUR/USD price is bearish. The price formed a bearish engulfing candlestick about two weeks ago, we can see how the big red candle that marked on the picture engulfed the previous one. We can also see that the entire candle is a body, […]

BTC/USD price has just created a new low for the past four weeks. It seems the bearish momentum is still continuing and the price tends to reach the fresh demand below at $7500.00 zones. In the H4 chart, we can see how the price compressed down toward the demand below. This demand is one of […]

What is The Right Timing to Sell SPX500 Index? The US indices have ended the last week with new records. Technically, when the price of any assets is in the new record and after a significant uptrend I’ll prefer to look for a reversal signal. As we can see in the H1 time frame chart, […]

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 […]

As we can see on the 30M time frame USOIL chart I marked the next key levels for a day trader. Below us, there is a great demand level for day trade buy position, This demand also broke out the supply from 31/10/19 which indicates a powerful demand. Above us, there is a great fresh […]

A confluence of RSI Divergence and Fresh Supply Thursday  31/10/2019 In the H1 time frame chart, we can see how the DAX index price has formed RSI divergence and it happen after a significant uptrend. Although the RSI indicator is still on the positive side (above the 0 value) the RSI divergence indicates that the […]

Will the Price Complete The Head & Shoulders Pattern Wednesday  30/10/2019 The Head & Shoulders pattern known as a reversal pattern among forex traders. As we can see in the XAU/USD H1 chart, there is an incomplete bullish Head & Shoulders pattern. The price already creates the left shoulder and the head. Now, the price […]

A Confluence of MACD Divergence and Quasimodo Level. Sunday  27/10/2019 BTC/USD price has formed a significant recovery at the end of the past week and creates a new fresh demand level. For the first time since September BTC/USD price back to test the 10K zones. In two days Bitcoin has jump up from $7400 up […]

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, […]

MACD Divergence Indicates the Buyers Running Out of Power. Sunday  10/20/2019 The GBP/USD has an amazing rally in the last 10 days after the announcement of a new Brexit deal possibility. Generally, after such a strong rally I preferred to wait for a reversal opportunity. The MACD Divergence which we can see in the H1 […]

Combination of CCI Divergence and Fresh Demand. Monday 14/10/2019 GBP/JPY has a significant rally of about 700 pips in the last few days. For the long term, it seems the GBP/JPY price has changed the momentum from bearish to bullish. The price reached a new high for the past 3 months. So for the long […]

A Confluence of Fresh Supply and Fibonacci 61.8% Level. Thursday 10/10/2019 In the H1 time frame chart, the DAX index seems to be bullish. But in the higher time frame, we can see that the price has just become bearish, This means that the uptrend we see at the H1 chart is only a technical […]

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 […]

XAU/USD is Between Two Quasimodo Levels. Thursday 03/10/2019 As we can see in the H4 time frame chart, the XAU/USD is bearish for swing forex traders. The price now is just between two Quasimodo levels. Quasimodo is one of the most powerful reversal pattern in the forex market. It usually shows up after an uptrend […]

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 […]

Key Levels With Price Action Analysis for GOLD. Monday 23/09/2019 As we can see in the D1 time frame chart, the GOLD price is about to perform a Head & Shoulders pattern. The Head & Shoulders pattern is also known as a reversal pattern among forex traders. After an uptrend, the pattern starts with a […]

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 […]

WTI Reaches a New 4 Month High After Saudi Arabia Oil Field Attacks. Monday  16/09/2019 WTI price opens this trading week with a huge gap up. The price ended last week at 55.00 zones and open this week at 60.00. The highest level the price reach since the market opened is 63.00 zones which is […]

Price Action Analysis For BTC/USD. Wednesday  11/09/2019 The Quasimodo pattern is a powerful one in the forex market and it is a very easy formation to spot. It’s considered a reversal pattern and therefore, we will look for it after a significant trend. The Quasimodo pattern is a signal for reversal opportunity, it indicates the […]

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 […]