EURZAR M30: The formation of the fifth Wolfe Wave indicates a possible downward price reversal
The upward momentum on EURZAR continues unabated. However, the chart shows that a reversal precondition is being formed.
A Wolfe Wave pattern has been discovered, which consists of six five-wave components, where the first and third ones create an ascending resistance line. The EURZAR price is in the “Sweet Zone”, which is indicated in red on the chart. Completion of the pattern results in formation of the sixth downward wave, the target of which extends the line connecting the tops of waves 1 and 4.
Thus, in terms of EURZAR, preference should be given to short positions. A trader can enter the market at or around the current prices or when the resistance level is retested.
📌 Entry: 19.6797
✔️ First goal: 19.6265
❌ Stop order: 19.6966
The upward momentum on EURZAR continues unabated. However, the chart shows that a reversal precondition is being formed.
A Wolfe Wave pattern has been discovered, which consists of six five-wave components, where the first and third ones create an ascending resistance line. The EURZAR price is in the “Sweet Zone”, which is indicated in red on the chart. Completion of the pattern results in formation of the sixth downward wave, the target of which extends the line connecting the tops of waves 1 and 4.
Thus, in terms of EURZAR, preference should be given to short positions. A trader can enter the market at or around the current prices or when the resistance level is retested.
📌 Entry: 19.6797
✔️ First goal: 19.6265
❌ Stop order: 19.6966
SMI H1: A downward reversal pattern has been formed
The SMI pattern formed on the chart indicates a possible change in the balance of the market behavior.
The SMI chart reveals a Wolfe Wave pattern, indicating a likely downward movement. After the formation of point 5, which is the lower point of the series of waves, a trend reversal is expected. The upper resistance line can be drawn through points 1, 3 and 5, and the lower support line through points 1 and 4.
As far as SMI is concerned, it is recommended to focus on short positions. Entry can be executed both at the current prices and upon a possible return to the resistance line.
📌 Entry: 13235.30
✔️ First goal: 13095.70
❌ Stop order: 13266.73
The SMI pattern formed on the chart indicates a possible change in the balance of the market behavior.
The SMI chart reveals a Wolfe Wave pattern, indicating a likely downward movement. After the formation of point 5, which is the lower point of the series of waves, a trend reversal is expected. The upper resistance line can be drawn through points 1, 3 and 5, and the lower support line through points 1 and 4.
As far as SMI is concerned, it is recommended to focus on short positions. Entry can be executed both at the current prices and upon a possible return to the resistance line.
📌 Entry: 13235.30
✔️ First goal: 13095.70
❌ Stop order: 13266.73
USDCZK M15: Wolfe Waves are forming
The balance of power in USDCZK is gradually improving. Market sentiment is becoming more positive for purchases.
Wolfe Waves of a bullish pattern are forming on the chart, indicating a possible uptrend. If point 5, which is the lower point of the wave, is reached, the model predicts an upward reversal. On the chart, the support area is highlighted in green, and the resistance line is formed through points 1 and 4.
It is recommended to prioritize long positions on USDCZK in the current situation. Entry points can be selected both at current prices and based on an outcome of a retest of the specified resistance level.
📌 Entry: 20.6148
✔️ First goal: 20.6619
❌ Stop order: 20.6027
The balance of power in USDCZK is gradually improving. Market sentiment is becoming more positive for purchases.
Wolfe Waves of a bullish pattern are forming on the chart, indicating a possible uptrend. If point 5, which is the lower point of the wave, is reached, the model predicts an upward reversal. On the chart, the support area is highlighted in green, and the resistance line is formed through points 1 and 4.
It is recommended to prioritize long positions on USDCZK in the current situation. Entry points can be selected both at current prices and based on an outcome of a retest of the specified resistance level.
📌 Entry: 20.6148
✔️ First goal: 20.6619
❌ Stop order: 20.6027
USDCZK M30: Upward reversal pattern
Current chart analysis of USDCZK points to a reversal pattern.
The current chart shows the Wolfe Wave pattern, which is a six-leg wave structure. Wave 5 is visible and the USDCZK price is in the “Sweet Zone” marked in green. Typically, the ascending sixth wave begins here, which reaches the line built along the tops of waves 1 and 4.
Against this background, it is now advisable to consider the long positions for USDCZK. Optimal entry points can be either at current prices or when retesting resistance.
📌 Entry: 20.6042
✔️ First goal: 20.6619
❌ Stop order: 20.5936
Current chart analysis of USDCZK points to a reversal pattern.
The current chart shows the Wolfe Wave pattern, which is a six-leg wave structure. Wave 5 is visible and the USDCZK price is in the “Sweet Zone” marked in green. Typically, the ascending sixth wave begins here, which reaches the line built along the tops of waves 1 and 4.
Against this background, it is now advisable to consider the long positions for USDCZK. Optimal entry points can be either at current prices or when retesting resistance.
📌 Entry: 20.6042
✔️ First goal: 20.6619
❌ Stop order: 20.5936
CAC 40 M15: Divergence signal is received from the Stochastic
The CAC 40 maintains an upward direction of movement, while Stochastic has fallen below 20. The formed reverse divergence is marked on the chart with a green line.
The RSI indicator is now below the mark of 50. The position of the indicator below this level indicates the predominance of a downward trend.
The MACD histogram is below the signal line. This indicator shows medium- and long-term trends and may ignore short-term price reversals and pullbacks sometimes.
For CAC 40 now the most evident trading strategy is opening the long positions. A trader can enter the market at the current levels or when a preset level is being retested.
📌 Entry: 8100.13
✔️ First target: 8126.78
✔️ Second target: 8145.46
❌ Stop order: 8085.02
The CAC 40 maintains an upward direction of movement, while Stochastic has fallen below 20. The formed reverse divergence is marked on the chart with a green line.
The RSI indicator is now below the mark of 50. The position of the indicator below this level indicates the predominance of a downward trend.
The MACD histogram is below the signal line. This indicator shows medium- and long-term trends and may ignore short-term price reversals and pullbacks sometimes.
For CAC 40 now the most evident trading strategy is opening the long positions. A trader can enter the market at the current levels or when a preset level is being retested.
📌 Entry: 8100.13
✔️ First target: 8126.78
✔️ Second target: 8145.46
❌ Stop order: 8085.02
EURGBP M30: A reversal signal from the Stochastic indicator
The price failed to form a new high, while the Stochastic indicator remains above the 20 level. This divergence, marked with a red line on the chart, indicates weakening of an upward momentum and increases the probability of a price decline.
The RSI is currently holding above the mark of 50. The indicator calculating formula logic suggests that, on average, the ascending movement is currently predominant.
The histogram of the MACD indicator remains above the signal line, indicating the local development of an upward movement. However, the indicator indications do not contradict the signal, marked on the chart.
In this situation, priority is given to short positions.
📌 Entry: 0.87345
✔️ First target: 0.87204
✔️ Second target: 0.87100
❌ Stop order: 0.87428
The price failed to form a new high, while the Stochastic indicator remains above the 20 level. This divergence, marked with a red line on the chart, indicates weakening of an upward momentum and increases the probability of a price decline.
The RSI is currently holding above the mark of 50. The indicator calculating formula logic suggests that, on average, the ascending movement is currently predominant.
The histogram of the MACD indicator remains above the signal line, indicating the local development of an upward movement. However, the indicator indications do not contradict the signal, marked on the chart.
In this situation, priority is given to short positions.
📌 Entry: 0.87345
✔️ First target: 0.87204
✔️ Second target: 0.87100
❌ Stop order: 0.87428
Adidas M15: The chart shows signs of fading upward movement
The Adidas pattern revealed on the chart indicates weakness in upward momentum.
A Head and Shoulders pattern has been formed. As part of the development of this reversal pattern, a downward trend is expected to develop.
At the same time, the price may test the neckline again after some time.
In this situation, it is worth considering short positions to trade Adidas.
📌 Entry: 165.700
✔️ First target: 162.875
✔️ Second target: 162.058
❌ Stop order: 168.325
The Adidas pattern revealed on the chart indicates weakness in upward momentum.
A Head and Shoulders pattern has been formed. As part of the development of this reversal pattern, a downward trend is expected to develop.
At the same time, the price may test the neckline again after some time.
In this situation, it is worth considering short positions to trade Adidas.
📌 Entry: 165.700
✔️ First target: 162.875
✔️ Second target: 162.058
❌ Stop order: 168.325
CADJPY H1: A reversal signal from the Stochastic indicator
The price failed to form a new high, while the Stochastic indicator remains above the 20 level. This divergence, marked with a red line on the chart, indicates weakening of an upward momentum and increases the probability of a price decline.
The RSI indicator is now below the mark of 50. The position of the indicator below this level indicates the predominance of a downward trend.
The histogram of the MACD indicator remains above the signal line, indicating the local development of an upward movement. However, the indicator indications do not contradict the signal, marked on the chart.
Thus, in terms of CADJPY, preference should be given to short positions. A trader can enter the market at or around the current prices or when the resistance level is retested.
📌 Entry: 113.865
✔️ First target: 113.472
✔️ Second target: 112.785
❌ Stop order: 114.221
The price failed to form a new high, while the Stochastic indicator remains above the 20 level. This divergence, marked with a red line on the chart, indicates weakening of an upward momentum and increases the probability of a price decline.
The RSI indicator is now below the mark of 50. The position of the indicator below this level indicates the predominance of a downward trend.
The histogram of the MACD indicator remains above the signal line, indicating the local development of an upward movement. However, the indicator indications do not contradict the signal, marked on the chart.
Thus, in terms of CADJPY, preference should be given to short positions. A trader can enter the market at or around the current prices or when the resistance level is retested.
📌 Entry: 113.865
✔️ First target: 113.472
✔️ Second target: 112.785
❌ Stop order: 114.221
Orange H1: Wolfe Wave pattern for decline
Orange continues to move upward. At the same time, the chart contains signals pertained to this model, indicating a possible downward price reversal.
A Wolfe Wave pattern has been discovered, which consists of six five-wave components, where the first and third ones create an ascending resistance line. The Orange price is in the “Sweet Zone”, which is indicated in red on the chart. Completion of the pattern results in formation of the sixth downward wave, the target of which extends the line connecting the tops of waves 1 and 4.
Short positions in respect to Orange look more warranted strategically. More conservative traders may consider entering upon a retest of this level. With a more aggressive strategy, a trader can enter at or around the current prices.
📌 Entry: 14.015
✔️ First goal: 13.707
❌ Stop order: 14.065
Orange continues to move upward. At the same time, the chart contains signals pertained to this model, indicating a possible downward price reversal.
A Wolfe Wave pattern has been discovered, which consists of six five-wave components, where the first and third ones create an ascending resistance line. The Orange price is in the “Sweet Zone”, which is indicated in red on the chart. Completion of the pattern results in formation of the sixth downward wave, the target of which extends the line connecting the tops of waves 1 and 4.
Short positions in respect to Orange look more warranted strategically. More conservative traders may consider entering upon a retest of this level. With a more aggressive strategy, a trader can enter at or around the current prices.
📌 Entry: 14.015
✔️ First goal: 13.707
❌ Stop order: 14.065
EURCAD M15: A downward signal has been generated
The EURCAD pattern formed on the chart indicates a potential change of the price direction.
The formation of a symmetrical triangle on the chart indicates a phase of consolidation or uncertainty. A break through the lower leg of the triangle is a key signal of a potential downward movement.
As far as EURCAD is concerned, it is recommended to focus on short positions. Entry can be executed both at the current prices and upon a possible return to the resistance line.
📌 Entry: 1.61470
✔️ First target: 1.61125
✔️ Second target: 1.60953
❌ Stop order: 1.61772
The EURCAD pattern formed on the chart indicates a potential change of the price direction.
The formation of a symmetrical triangle on the chart indicates a phase of consolidation or uncertainty. A break through the lower leg of the triangle is a key signal of a potential downward movement.
As far as EURCAD is concerned, it is recommended to focus on short positions. Entry can be executed both at the current prices and upon a possible return to the resistance line.
📌 Entry: 1.61470
✔️ First target: 1.61125
✔️ Second target: 1.60953
❌ Stop order: 1.61772
Orange M30: The resistance line within the Wolfe Wave pattern is tested for price correction
Orange continues to move upward. At the same time, the chart contains signals pertained to this model, indicating a possible downward price reversal.
The Orange chart reveals a Wolfe Wave pattern, indicating a likely downward movement. After the formation of point 5, which is the lower point of the series of waves, a trend reversal is expected. The upper resistance line can be drawn through points 1, 3 and 5, and the lower support line through points 1 and 4.
Orange holders should focus on opening short positions, which can be relevant either now or when the key signal level is retested.
📌 Entry: 14.015
✔️ First goal: 13.707
❌ Stop order: 14.065
Orange continues to move upward. At the same time, the chart contains signals pertained to this model, indicating a possible downward price reversal.
The Orange chart reveals a Wolfe Wave pattern, indicating a likely downward movement. After the formation of point 5, which is the lower point of the series of waves, a trend reversal is expected. The upper resistance line can be drawn through points 1, 3 and 5, and the lower support line through points 1 and 4.
Orange holders should focus on opening short positions, which can be relevant either now or when the key signal level is retested.
📌 Entry: 14.015
✔️ First goal: 13.707
❌ Stop order: 14.065
XPTUSD M15: Waiting for the reversal scenario to happen
The XPTUSD chart shows the prerequisites for the resumption of the downward trend.
A Wolfe Wave pattern has been discovered, which consists of six five-wave components, where the first and third ones create an ascending resistance line. The XPTUSD price is in the “Sweet Zone”, which is indicated in red on the chart. Completion of the pattern results in formation of the sixth downward wave, the target of which extends the line connecting the tops of waves 1 and 4.
When it comes to XPTUSD short positions now look more preferable. For aggressive trading, a trader can enter the market at the current prices. Advocates of a more conservative strategy should wait for the level to be retested.
📌 Entry: 2197.21
✔️ First goal: 2158.58
❌ Stop order: 2203.34
The XPTUSD chart shows the prerequisites for the resumption of the downward trend.
A Wolfe Wave pattern has been discovered, which consists of six five-wave components, where the first and third ones create an ascending resistance line. The XPTUSD price is in the “Sweet Zone”, which is indicated in red on the chart. Completion of the pattern results in formation of the sixth downward wave, the target of which extends the line connecting the tops of waves 1 and 4.
When it comes to XPTUSD short positions now look more preferable. For aggressive trading, a trader can enter the market at the current prices. Advocates of a more conservative strategy should wait for the level to be retested.
📌 Entry: 2197.21
✔️ First goal: 2158.58
❌ Stop order: 2203.34
CADJPY M30: The downward divergence from RSI
The RSI oscillator detects a discrepancy. The price failed to reach a new peak, while the RSI indicator rose above the previous intraday high, indicating a potential change in price movement dynamics.
The histogram of the MACD indicator remains above the signal line, indicating the local development of an upward movement. However, the indicator indications do not contradict the signal, marked on the chart.
There is the blue main line above the red signal line on the Stochastic indicator. The reversal pattern has not formed yet.
As far as CADJPY is concerned, it is recommended to focus on short positions. Entry can be executed both at the current prices and upon a possible return to the resistance line.
📌 Entry: 113.882
✔️ First target: 113.472
✔️ Second target: 112.930
❌ Stop order: 114.206
The RSI oscillator detects a discrepancy. The price failed to reach a new peak, while the RSI indicator rose above the previous intraday high, indicating a potential change in price movement dynamics.
The histogram of the MACD indicator remains above the signal line, indicating the local development of an upward movement. However, the indicator indications do not contradict the signal, marked on the chart.
There is the blue main line above the red signal line on the Stochastic indicator. The reversal pattern has not formed yet.
As far as CADJPY is concerned, it is recommended to focus on short positions. Entry can be executed both at the current prices and upon a possible return to the resistance line.
📌 Entry: 113.882
✔️ First target: 113.472
✔️ Second target: 112.930
❌ Stop order: 114.206
GBPUSD M15: RSI signals a possible upward reversal
The price failed to reach a new low, while the RSI indicator shows an upward trend. The formed reverse divergence could signal a potential price reversal upward.
The MACD histogram is below the signal line. This indicator shows medium- and long-term trends and may ignore short-term price reversals and pullbacks sometimes.
On the Stochastic indicator, the blue main line remains below the signal red line. The current state of the indicator neither cancels nor contradicts signals received from other technical indicators.
It is recommended to prioritize long positions on GBPUSD in the current situation. Entry points can be selected both at current prices and based on an outcome of a retest of the specified resistance level.
📌 Entry: 1.34944
✔️ First target: 1.35186
✔️ Second target: 1.35521
❌ Stop order: 1.34750
The price failed to reach a new low, while the RSI indicator shows an upward trend. The formed reverse divergence could signal a potential price reversal upward.
The MACD histogram is below the signal line. This indicator shows medium- and long-term trends and may ignore short-term price reversals and pullbacks sometimes.
On the Stochastic indicator, the blue main line remains below the signal red line. The current state of the indicator neither cancels nor contradicts signals received from other technical indicators.
It is recommended to prioritize long positions on GBPUSD in the current situation. Entry points can be selected both at current prices and based on an outcome of a retest of the specified resistance level.
📌 Entry: 1.34944
✔️ First target: 1.35186
✔️ Second target: 1.35521
❌ Stop order: 1.34750
EURJPY M30: The downward divergence from RSI
The RSI oscillator detects a discrepancy. The price failed to reach a new peak, while the RSI indicator rose above the previous intraday high, indicating a potential change in price movement dynamics.
The histogram of the MACD indicator remains above the signal line, indicating the local development of an upward movement. However, the indicator indications do not contradict the signal, marked on the chart.
On the Stochastic indicator, the blue main line remains below the signal red line. The current state of the indicator neither cancels nor contradicts signals received from other technical indicators.
It is recommended to focus on short positions on EURJPY. Entry points can be detected now or upon the technical confirmation after a retest of this level.
📌 Entry: 184.032
✔️ First target: 183.431
✔️ Second target: 182.354
❌ Stop order: 184.594
The RSI oscillator detects a discrepancy. The price failed to reach a new peak, while the RSI indicator rose above the previous intraday high, indicating a potential change in price movement dynamics.
The histogram of the MACD indicator remains above the signal line, indicating the local development of an upward movement. However, the indicator indications do not contradict the signal, marked on the chart.
On the Stochastic indicator, the blue main line remains below the signal red line. The current state of the indicator neither cancels nor contradicts signals received from other technical indicators.
It is recommended to focus on short positions on EURJPY. Entry points can be detected now or upon the technical confirmation after a retest of this level.
📌 Entry: 184.032
✔️ First target: 183.431
✔️ Second target: 182.354
❌ Stop order: 184.594
AUDCAD M30: RSI signals a possible upward reversal
The price failed to reach a new low, while the RSI indicator shows an upward trend. The formed reverse divergence could signal a potential price reversal upward.
The MACD histogram is below the signal line. This indicator shows medium- and long-term trends and may ignore short-term price reversals and pullbacks sometimes.
On the Stochastic indicator, the blue main line remains below the signal red line. The current state of the indicator neither cancels nor contradicts signals received from other technical indicators.
The chart shows, that it might be strategically more profitable to open long positions in AUDCAD.
📌 Entry: 0.91558
✔️ First target: 0.91764
✔️ Second target: 0.92024
❌ Stop order: 0.91402
The price failed to reach a new low, while the RSI indicator shows an upward trend. The formed reverse divergence could signal a potential price reversal upward.
The MACD histogram is below the signal line. This indicator shows medium- and long-term trends and may ignore short-term price reversals and pullbacks sometimes.
On the Stochastic indicator, the blue main line remains below the signal red line. The current state of the indicator neither cancels nor contradicts signals received from other technical indicators.
The chart shows, that it might be strategically more profitable to open long positions in AUDCAD.
📌 Entry: 0.91558
✔️ First target: 0.91764
✔️ Second target: 0.92024
❌ Stop order: 0.91402
EURCHF H4: RSI signals a possible upward reversal
A classic divergence marked with a green line has been formed between the price chart and the RSI indicator. The EURCHF price has updated its local low, while the indicator remains above the 30 mark.
The MACD histogram is below the signal line. This indicator shows medium- and long-term trends and may ignore short-term price reversals and pullbacks sometimes.
There is the blue main line above the red signal line on the Stochastic indicator. The reversal pattern has not formed yet.
Currently, trading EURCHF assumes the priority of long positions. A trader can enter the market both at the current levels or when retesting of the resistance level occurs.
📌 Entry: 0.92925
✔️ First target: 0.93555
✔️ Second target: 0.94111
❌ Stop order: 0.92527
A classic divergence marked with a green line has been formed between the price chart and the RSI indicator. The EURCHF price has updated its local low, while the indicator remains above the 30 mark.
The MACD histogram is below the signal line. This indicator shows medium- and long-term trends and may ignore short-term price reversals and pullbacks sometimes.
There is the blue main line above the red signal line on the Stochastic indicator. The reversal pattern has not formed yet.
Currently, trading EURCHF assumes the priority of long positions. A trader can enter the market both at the current levels or when retesting of the resistance level occurs.
📌 Entry: 0.92925
✔️ First target: 0.93555
✔️ Second target: 0.94111
❌ Stop order: 0.92527
EURUSD M30: Divergence signal is received from the Stochastic
The EURUSD maintains an upward direction of movement, while Stochastic has fallen below 20. The formed reverse divergence is marked on the chart with a green line.
The RSI indicator is now below the mark of 50. The position of the indicator below this level indicates the predominance of a downward trend.
The MACD histogram is below the signal line. This indicator shows medium- and long-term trends and may ignore short-term price reversals and pullbacks sometimes.
On this timeframe for EURUSD it is preferable to open long positions.
📌 Entry: 1.17729
✔️ First target: 1.18017
✔️ Second target: 1.18232
❌ Stop order: 1.17564
The EURUSD maintains an upward direction of movement, while Stochastic has fallen below 20. The formed reverse divergence is marked on the chart with a green line.
The RSI indicator is now below the mark of 50. The position of the indicator below this level indicates the predominance of a downward trend.
The MACD histogram is below the signal line. This indicator shows medium- and long-term trends and may ignore short-term price reversals and pullbacks sometimes.
On this timeframe for EURUSD it is preferable to open long positions.
📌 Entry: 1.17729
✔️ First target: 1.18017
✔️ Second target: 1.18232
❌ Stop order: 1.17564
Euro Stoxx 50 M15: The downward divergence from RSI
The RSI oscillator detects a discrepancy. The price failed to reach a new peak, while the RSI indicator rose above the previous intraday high, indicating a potential change in price movement dynamics.
The histogram of the MACD indicator remains above the signal line, indicating the local development of an upward movement. However, the indicator indications do not contradict the signal, marked on the chart.
There is the blue main line above the red signal line on the Stochastic indicator. The reversal pattern has not formed yet.
At this time interval for Euro Stoxx 50, trading recommendations suggest opening short positions.
📌 Entry: 5751.10
✔️ First target: 5727.50
✔️ Second target: 5711.50
❌ Stop order: 5764.30
The RSI oscillator detects a discrepancy. The price failed to reach a new peak, while the RSI indicator rose above the previous intraday high, indicating a potential change in price movement dynamics.
The histogram of the MACD indicator remains above the signal line, indicating the local development of an upward movement. However, the indicator indications do not contradict the signal, marked on the chart.
There is the blue main line above the red signal line on the Stochastic indicator. The reversal pattern has not formed yet.
At this time interval for Euro Stoxx 50, trading recommendations suggest opening short positions.
📌 Entry: 5751.10
✔️ First target: 5727.50
✔️ Second target: 5711.50
❌ Stop order: 5764.30
Spain 35 M15: The downward divergence from RSI
The RSI oscillator detects a discrepancy. The price failed to reach a new peak, while the RSI indicator rose above the previous intraday high, indicating a potential change in price movement dynamics.
The histogram of the MACD indicator remains above the signal line, indicating the local development of an upward movement. However, the indicator indications do not contradict the signal, marked on the chart.
There is the blue main line above the red signal line on the Stochastic indicator. The reversal pattern has not formed yet.
In this situation, priority is given to short positions.
📌 Entry: 17165.42
✔️ First target: 17070.61
✔️ Second target: 17013.12
❌ Stop order: 17218.85
The RSI oscillator detects a discrepancy. The price failed to reach a new peak, while the RSI indicator rose above the previous intraday high, indicating a potential change in price movement dynamics.
The histogram of the MACD indicator remains above the signal line, indicating the local development of an upward movement. However, the indicator indications do not contradict the signal, marked on the chart.
There is the blue main line above the red signal line on the Stochastic indicator. The reversal pattern has not formed yet.
In this situation, priority is given to short positions.
📌 Entry: 17165.42
✔️ First target: 17070.61
✔️ Second target: 17013.12
❌ Stop order: 17218.85