Technical Analysis

​USD/CAD Exactly at Resistance Cluster


USD/CAD Exactly at Resistance Cluster

Source: Admiral Markets MT5 with MT5SE Add-on

After the strong breakout of W H4 level, the USD/CAD has had a powerful upside momentum reaching both W H5 and new D H3 resistance. This is a resistance cluster now, and any sign of a bearish divergence...


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WTI is Trapped in a Range - Breakout is Possible


Source: Admiral Markets MT5 with MT5SE Add-on

After the breakout of the symmetrical triangle to the upside, the WTI has been consolidating in a tight range between pivot points, mainly D H3 and D L3. If the price closes above D H3 – 66.92 then 67.30 and 67.55 should be...


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DAX30 is Bullish After the Diving Board Pattern


Source: Admiral Markets MT5 with MT5SE Add-on

The Flat base and plunge downward are the main characteristics of the diving board pattern. The DAX30 dropped then spiked heavily reaching 12954. At this point, the retracement is underway. There are two POC zones. 12770-83 is the first POC, while 12716-42 is...


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EUR/USD Ascending Trend Lines Mark Up the Trend-Watch the POC zone


Source: Admiral Markets MT5 with MT5SE Add-on

Trend lines are a very important price action tool as we could also see in the yesterday's analysis. The price respects trend lines a lot and we can spot the trend easily. The EUR/USD is still bought on dips and the price...


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GBP/JPY Retracement Trend Line Breakouts for Uptrend Continuation


Source: Admiral Markets MT5 with MT5SE Add-on

The GBP/JPY, so popular "Dragon" has been making obvious trend line breaks above the ascending trend line. This signifies both retracement-continuation pattern in uptrend (a for of zig-zag pattern). 147.05-40 is the POC zone and we could see another rejection should the price...


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