EUR/USD

4 hour

EURUSD

The EUR/USD strong bullish momentum last week Thursday completed the 5th wave (purple) and broke layers of resistance (orange/red). Price could be building an ABC zigzag.

1 hour

EURUSD

The EUR/USD is building a mild angled channel (purple lines), which could be a bull flag chart pattern.


GBP/USD

4 hour

GBPUSD

The GBPUSD remains in a downtrend as price stays below the resistance trend line. The GU cannot cross above the bottom of wave 1 (red line) without invaliding the current wave count.

1 hour

GBPUSD

The GBP/USD is building a sideways consolidation zone (purple lines) after a bullish momentum (wave A). There seems to be an ABC zigzag correction within wave 4 (pink).


USD/JPY

4 hour

USDJPY

The USD/JPY bounced off the bottom of the consolidation zone (green/red). Price needs to break above or below the zone before a bigger acceleration could be expected.

1 hour

USDJPY

The USD/JPY seems to be completing multiple ABC zigzags within the consolidation zone.

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GBP/USD holds steady above 1.2600 as markets stay calm on Good Friday

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Gold price hit all-time highs at $2,236 on Thursday to finish Q1 2024 with a bang. Most major world markets, including the US are closed due to Holy Friday, leaving volatility around Gold price highly subdued. US PCE inflation and Powell are awaited. 

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Jito price could hit $6 as JTO coils up inside this bullish pattern

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Jito (JTO) price has been on an uptrend since forming a local bottom in early January. Since then, JTO has revisited the key swing point formed in early December, suggesting the bulls’ intention to move higher.

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