TrendZelda

TrendZelda

AUD/JPY is stuck in a tight range between 94.70 and 93.85 on the 2H chart but things might be about to heat up. Here’s what the structure tells us: Key Technical Insights Consolidation Zone Price is ranging inside a box with multiple touches at both support and resistance Ascending Channel Still within the larger bullish channel — suggesting continuation bias if...

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USD/CHF remains trapped within a strong descending channel, showing signs of continued bearish pressure. The price is currently testing the upper boundary of this structure, right at a bearish order block. 📉 Key Chart Patterns: Bearish Descending Triangle: Earlier breakdown confirmed continued bearish sentiment. Descending Channel: The trend remains firmly...

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Crude oil (WTI) has broken out of a long-term symmetrical triangle signaling bullish continuation after weeks of tight consolidation. This move reflects renewed buying pressure and potential for a strong rally ahead Technical Highlights Symmetrical triangle breakout confirmed Clean structure with support at $60.23–$59.83 holding firm Price pushing through minor...

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The Euro continues to trade within a well-defined ascending channel gaining bullish momentum after reclaiming a key supply zone Price action suggests a possible continuation toward the upper boundary and beyond Technical Outlook Price broke above 1.1400 supply zone now acting as support Maintaining structure inside ascending channel Pullback toward the...

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The Aussie pair is showing early signs of weakness after consolidating for weeks within a defined range and now breaking below key trendline support. This may open the door to a deeper correction in the coming sessions. Technical Insight Ascending Channel Breach: The pair was climbing steadily within a broad ascending channel. Recent price action shows a clean...

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Ethereum has shifted into a clear bearish structure after breaking below a long-standing ascending channel Recent price action confirms a rejection from key resistance areas strengthening the case for a continued downside move Technical Breakdown: 1. Ascending Channel Break: ETH had been trading within a rising channel, forming consistent higher highs and higher...

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Hey traders! On the 1H chart, GBP/NZD has rallied strongly but is now facing a critical resistance zone around 2.2530–2.2550. Let’s dive into what the chart is showing us: Technical Overview: Resistance Area: Price is currently reacting to a previously tested zone, showing signs of exhaustion. Bearish Structure Forming: A lower high setup is likely if the pair...

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Hey traders We’re seeing some interesting price action on the NZD/USD 2H chart! After a strong climb within an ascending channel, price has broken below the channel support signaling a possible shift in momentum from bullish to bearish. Key Observations: 🔺 Ascending Channel: The pair had been moving steadily upward until it lost bullish structure. 📉 Break of...

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The recent price action on WTI Crude Oil has been explosive — breaking through several critical levels and shifting sentiment dramatically Let’s take a deeper look at what’s unfolding Breakout Confirmation Price has surged through the long-standing descending trendline (resistance) previously containing bearish momentum since mid-2023 Massive Bullish Impulse:...

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GBPJPY is forming a bullish symmetrical triangle, a continuation pattern suggesting potential upside. The price has been consolidating within converging trendlines, indicating reduced volatility and a possible breakout. Key Technical Levels Support (Pullback Zone) 193.500 This level has acted as a strong support, with multiple price rejections confirming buyer...

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Hi traders! On the EUR/CAD 2H chart we’ve spotted a possible shift in momentum after a clean rejection near the top of the ascending channel. Let’s break it down: Technical Breakdown: Ascending Channel: Price has been respecting this structure for weeks Symmetrical Triangle & Flag: Past consolidation patterns led to bullish continuation, but momentum now seems to...

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After weeks of sideways action and bearish pressure the U.S. Dollar Index (DXY) is showing signs of life again. A key breakout has just occurred and bulls may now have their sights set on higher levels 🧠 Technical Insights: Falling Channel Structure: DXY has been trending inside a descending channel but we’re now seeing a potential breakout above the resistance...

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The OANDA:AUDUSD has finally brokenout of a prolonged range within an ascending channel indicating renewed bullish momentum and a possible continuation toward the upper boundary of the trend 📈 Technical Breakdown Ascending Channel: AUD/USD has been respecting a rising channel structure since mid-May forming higher highs and higher lows Range Breakout: After...

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Ethereum just tapped a major support level within its ascending channel and is now showing a textbook rebound. If momentum holds, bulls could aim for the upper channel boundary near $2,900 🔍 Technical Breakdown: Ascending Channel: ETH has respected this channel for weeks. The recent bounce occurred right at the lower trendline, which has consistently acted as...

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Gold continues to respect its ascending channel showing strength despite short-term pullbacks Price action remains constructive as we approach a key inflection zone Market Structure Overview Ascending Channel: Price is respecting both the upper and lower bounds of the channel a strong indicator of trend health. Range Formation: A consolidation range formed near...

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MARKETSCOM:BITCOIN has broken out of a well-defined triangle pattern signaling a potential continuation toward higher resistance levels Price action is aligning with bullish momentum and the breakout zone could act as a strong support moving forward Triangle Breakout in Focus Pattern Formation: BTC formed an ascending triangle with a horizontal resistance near...

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MARKETSCOM:BITCOIN – Calm Before the Storm? Here's What I'm Watching On the 2H chart we’ve got a compelling structure developing after a breakout from a long descending channel Let’s walk through the key elements and what might come next: Previous Range & Breakdown Price consolidated within a tight range (late May) before breaking down and continuing the bearish...

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OANDA:EURNZD is currently trading within a well-defined flag pattern inside a broader descending channel Price is hovering just above the order block near 1.8860 hinting at a potential bullish reaction from this demand zone If price taps the order block and confirms support we could see a bullish breakout from the flag structure A move above 1.8980 may open the...