DNP-FX

DNP-FX

Ethereum is currently testing an ascending trendline marked by the gray line, which has repeatedly acted as a significant rebound area (indicated by the dark blue arrows). Historically, whenever the price tests this trendline, ETH tends to bounce upward, suggesting that a rebound scenario remains possible as long as the price holds above this area. If a breakout...

DNP-FX

Based on the BTC/USD chart with the Bollinger Bands indicator on the 12-hour time frame, it is evident that the price has repeatedly touched or breached the lower band, indicating oversold conditions. Each time the price enters this oversold zone, BTC/USD experiences a rebound within a relatively short period, suggesting a strong accumulation pattern by market...

DNP-FX

CHFJPY is currently consolidating within a symmetrical triangle pattern on the Daily time frame, indicating a potential rebound movement in the near future. My trading plan is to buy if the price successfully rebounds at the lower boundary of the triangle or breaks out to the upside from the pattern, which could provide further confirmation for a bullish trend....

DNP-FX

Ethereum (ETH) is currently showing signs of potential strengthening after successfully breaking out from a downward trendline that has persisted since December 2024. This breakout indicates weakening selling pressure and the emergence of new bullish momentum, with a psychological target at $4,000 as the next resistance. Technically, the $3,200–$3,400 range now...

DNP-FX Updated 

On the AUDJPY weekly chart, there is an interesting rebound potential around the main trendline. Previously, the price has bounced off this area several times, as indicated by green arrows. This pattern suggests that the trendline remains a strong support level. Currently, the price is approaching this trendline area, offering a buying opportunity with measured...

DNP-FX Updated 

The Descending Broadening Wedge pattern has unique characteristics compared to the Falling Wedge or Flag patterns. While the Falling Wedge and Flag patterns feature converging lines that taper to a point, the Descending Broadening Wedge widens from left to right, indicating increasing market volatility over time. This pattern forms when the price moves within an...

DNP-FX Updated 

The GBP/USD pair has broken below a significant ascending trendline on the daily timeframe, indicating potential bearish momentum. With this technical setup, the price may continue to decline, targeting the 1.20 level, while a stop loss is set at 1.27 to manage risk. This analysis highlights a possible trading opportunity based on the recent price action and...

DNP-FX Updated 

XRP/USD is currently consolidating within a symmetrical triangle pattern on the H4 timeframe, signaling potential breakout opportunities. My trading plan involves buying if the price breaks out of the triangle to the upside (blue area) or if it revisits the next support of the pattern (purple area). The target for this setup is 3.00, with a stop loss set below the...

DNP-FX

The EUR/USD pair continues to trade within a downward trendline on the daily timeframe, suggesting sustained bearish momentum. With this setup, the next target is set between 1.00 and 0.97, while the stop loss is placed at 1.04 for effective risk management. This trading plan reflects a bearish outlook, aligning with the prevailing trendline and market dynamics. ...

DNP-FX

The GBPAUD pair shows signs of a significant trend shift after successfully breaking out of a long-term resistance trendline formed since 2001. Based on trendline analysis, the price consistently experienced pullbacks whenever it touched the resistance line. This pattern is illustrated on the chart with blue arrows indicating previous pullback areas. In the most...

DNP-FX

XRP has formed a bullish pennant pattern on the H4 timeframe, indicating the potential continuation of the bullish trend. This bullish pennant pattern is not the first occurrence for XRP; in two previous instances, XRP displayed a similar pattern, each followed by an upward breakout. After the breakout, the price experienced a significant rally, establishing the...

DNP-FX

On the H4 timeframe, USOIL has breakout above a wedge pattern, signaling a potential shift toward bullish momentum. The breakout is visually projected using an orange-colored box, highlighting the zone where the price successfully moved above the wedge's upper boundary. This breakout indicates an increase in buying pressure, suggesting that the price may trend...

DNP-FX

This analysis focuses on COINBASE:ETHUSD price movement in the daily chart, highlighting a strong bullish trendline pattern. Currently, Ethereum's price is forming higher lows, indicating strength in the ongoing upward trend. The price is approaching the trendline, signaling a potential rebound that opens up bullish opportunities. If the price successfully...

DNP-FX

On the daily chart of GBP/CAD, I’ve identified a Rising Wedge pattern with a Double Top formation within it, signaling a strong potential for a significant bearish movement. A similar pattern previously occurred on September 9, 2023, when a bearish breakout from the Rising Wedge was confirmed by a double top, followed by a sharp downtrend. Currently, the same...

DNP-FX

As of the current price of 1.104, the EUR/USD pair continues to exhibit a long-term bearish trend dating back to 2008. The historical chart reveals a clear pattern of price fluctuations within a defined range, oscillating between established support and resistance levels. Currently, the price is approaching a significant resistance zone. This resistance level...

DNP-FX

Trendlines are a fundamental concept in technical analysis, used to identify and confirm the direction of a trend. They are drawn by connecting a series of price points to highlight the prevailing direction of the market, whether it be upward, downward, or sideways. A trendline acting as support is a line drawn below the price action, connecting two or more...

DNP-FX

A trendline is a straight line that connects multiple price points on a chart, typically the highs or lows, to show the general direction of the market. When a trendline is established, it acts as a guide, helping traders predict future price movements. The price often bounces off the trendline repeatedly, similar to a pattern in statistical probability where...

DNP-FX

The release of core inflation rate data in the United States can impact the AUD/USD exchange rate, especially on a weekly timeframe, due to its influence on market sentiment and monetary policy expectations. Firstly, let's break down the core inflation rate. Core inflation measures the change in the price of goods and services, excluding volatile items like food...