Category: Art
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Chart Art: Long-Term Correction Levels on GBP/CAD
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This GBP pair has been trending higher for some time now and looks ready to test its long-term support area soon. Is the uptrend still our friend in this case? I take a look at these turning points that I am watching on the daily time frame. GBP/CAD Daily Currency…
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Chart Art: WTI Crude Oil (USOIL) Aiming for Triangle Resistance
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Crude oil has been on a sharp rise these days, but can it continue its upward trend past this major resistance area? If so, how high can it go? Check out this long term chart pattern on my radar! Crude Oil WTI (USOIL) Daily Chart by TradingView Crude oil has…
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Chart Art: Is GBP/USD Ready To Extend Its Trend?
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The US dollar gave up some points against its “riskier” counterparts such as the British pound following the release of US data. Will momentum help extend the months-long uptrend in GBP/USD? Let’s take a closer look at the 4-hour chart: GBP/USD currency pair on 4-hour chart Chart by TradingView In…
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Chart Art: Bitcoin (BTC/USD) Is Eyeing A Mid-channel Resistance
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The recovery in risk appetite has sent volatile assets like Bitcoin higher against the US dollar! The BTC/USD pair just bounced off the technical support area and looks ready to test a major turning point. Will the crypto pair continue its gains today? Bitcoin (BTC/USD) Daily Chart by TradingView If…
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Chart Art: Bitcoin (BTC/USD) Is Eyeing A Mid-channel Resistance
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The recovery in risk appetite has sent volatile assets like Bitcoin higher against the US dollar! The BTC/USD pair just bounced off the technical support area and looks ready to test a major turning point. Will the crypto pair continue its gains today? Bitcoin (BTC/USD) Daily Chart by TradingView If…
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Chart Art: EUR/NZD Double Top Forming
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The EUR/NZD pair appears to have finished its uptrend, as the pair is forming a reversal pattern on the 4-hour time frame. Will we see confirmation soon? EUR/NZD currency pair on the 4-hour chart Chart by TradingView After two failed attempts to break the resistance at the key psychological level…
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Chart Art: NZD/JPY’s Potential Pullback Resistance Area
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The NZD/JPY pair has recovered sharply this week after days of heavy losses! How high can the NZD/JPY pair go before the bears appear in the forex market again? We are heading into the daily time frame for key turning points to watch out for! Daily currency pair NZD/JPY Chart…
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Chart Art: Is Gold (XAU/USD) Gearing up for a Reversal Soon?
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Are gold bulls having a hard time keeping the precious metal up these days? This is a classic reversal pattern that I watch on the 4-hour time frame. Gold (XAU/USD) 4 hours Chart by TradingView Gold made several failed attempts to break its July highs around the $2,475 area, only…
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Chart Art: S&P 500 Index (SP500) Head and Shoulders Pattern
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Are US stocks due for a major sell-off soon? It is best to watch this reversal pattern forming on the four-hour chart of the S&P 500. S&P 500 (SP500) 4-hour chart Chart by TradingView U.S. stock markets appear to still be feeling the brunt of the tech sector sell-off, as…
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Chart Art: EUR/GBP Reversal Pattern Forming?
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I see a classic chart pattern forming on the 4-hour chart of the EUR/GBP pair! Will we see a trend reversal soon? Check out the near term resistance I’m watching: EUR/GBP currency pair on 4-hour chart Chart by TradingView The Bank of England’s decision to cut interest rates has sent…
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Chart Art: WTI Crude Oil (USOIL) Closing in on Area of Interest
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Crude oil has been on a sharp rise these days, but can it sustain its gains beyond this longer-term area of interest? Take a look at these turning points I am watching on the 4-hour time frame. Crude Oil WTI (USOIL) Chart by TradingView Geopolitical tensions are back in the…
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Chart Art: Trend Continuation Trade On S&P 500 Index?
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US stock index S&P 500 tests technical support area ahead of key data releases this week! Will this week’s events contribute to extending the index’s upward trend? Or are the bears preparing for a hard landing? S&P 500 (SPX500) Daily Chart by TradingView A combination of concerns about global growth,…
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Chart Art: Trend Continuation Setup For GBP/USD
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Cable is consolidating at a key support area ahead of potential catalysts this week. Will a bounce from the support zone help extend the GBP/USD uptrend? We are approaching the four-hour time frame for evidence: GBP/USD currency pair on 4-hour chart Chart by TradingView In case you missed it, easing…
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Chart Art: EUR/JPY To Return To Its Long-term Uptrend?
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The EUR/JPY currency pair is showing a very interesting reversal candle on the daily time frame. Is the pair ready to return to its longer-term trend? We are looking at the daily chart of the EUR/JPY pair today! EUR/JPY Daily Currency Pair Chart by TradingView In case you missed it,…
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Chart Art: How Long Can Gold (XAU/USD) Go?
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Spot gold is approaching a key support area after seeing sharp declines since last week. How low can gold go before bulls rally again? Gold (XAU/USD) 4 hours Chart by TradingView Increased demand for the US dollar and concerns over China’s economic growth have contributed to a decline in gold…
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Chart Art: Bitcoin’s (BTC/USD) Trend Pullback Opportunity
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As we reported in today’s broad daily market summary, the U.S. Securities and Exchange Commission has approved six ETFs for Bitcoin (ETH), and they are set to begin trading as early as Tuesday. It is no surprise that Bitcoin is facing some downward pressure as traders consider the possibility of…
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Chart Art: U.S. Dollar Index’s (DXY) Potential Bullish Reversal
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The US dollar may be ready for a sharp rally after seeing a bearish trend earlier this month. Do you think the US dollar is ready to rise? Take a look at the reversal pattern on the 4-hour chart! US Dollar Index (DXY) 4-hour Chart by TV Days after retesting…
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Chart Art: GBP/CHF’s Potential Head And Shoulders Reversal
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GBP/CHF is forming a potential bearish reversal pattern ahead of the UK PMI this week! Is the pair heading towards its June lows? Or will it find support from a previous area of interest? We are checking out the 4 hour chart today! GBP/CHF currency pair on 4-hour chart Chart…
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Chart Art: WTI Crude Oil (USOIL) Triangle Breakout Retest Levels
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Did you miss the opportunity to breakout the triangle pattern on WTI crude oil? It is best to watch these Fibonacci retracement levels in case the price retests! Crude Oil WTI (USOIL) 4 hours Chart by TradingView It looks like crude oil has chosen a downward path on the triangle…
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Chart Art: Triangle Pattern Forming on WTI Crude Oil (USOIL)
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Are oil prices about to rise soon? This is a short-term consolidation pattern that I am watching on the hourly chart of WTI Crude Oil. Crude Oil WTI (USOIL) 4 hours Chart by TradingView Negative price pressures have been weighing on this energy commodity, as weaker growth expectations in the…