Harmonic Patterns
GBPJPY STARTED FORMING BEARISH TREND STRUCTUREGBPJPY STARTED FORMING BEARISH TREND STRUCTURE.
Market is forming lower low, which indicates downtrend in 30 minutes time frame charts.
Market was trading in secondary trend from lest few sessions.
Candlestick reversal pattern can be shown at the top of secondary trend.
market is expected to remain bearish for upcoming sessions.
On lower side market may hit the targets of 194.90 and 194.30.
On higher side 196.45 can be major resistance level.
BTC - NEXT LEG COMING NOW - $132- $137KI was wrong about sideways action, then rally. BTC moved immeditely higher and looks to be picking up steam. I see a new high to $125 area, and then perhaps consolidation. But eventually to $132- $137 is in the next 2-3 months. Things are really looking bullish now. I was expecting it to take more time to develop, but that is not happening.
JTOUSDT Forming Symmetrical TriangleJTOUSDT has recently broken out of a well-defined symmetrical triangle pattern, signaling a potential bullish continuation. The breakout is backed by solid volume, indicating strong interest from market participants and confirming the breakout’s legitimacy. This technical setup often precedes a significant price rally, and with investor sentiment improving across altcoin markets, JTOUSDT could be set for a 60% to 70%+ move in the coming sessions.
The chart reveals that JTOUSDT has respected both trendlines over a prolonged period, forming a clear base and building momentum. Now that it has breached the resistance line, there is little overhead supply in the immediate region, which allows room for price expansion. This kind of breakout is typically seen in the early stages of a bullish cycle, often driven by new inflows and strong community backing.
Fundamentally, the project behind JTO continues to gain visibility, with increasing mentions across crypto forums and social media, suggesting that retail and institutional interest is growing. The token's liquidity is improving, and the breakout could attract momentum traders who were waiting for confirmation. If market sentiment remains favorable, the upside could be realized quicker than expected.
Traders and investors should monitor for a retest of the breakout level or continuation candles for a potential entry point. Given the confluence of technical strength and increasing attention on the project, JTOUSDT stands as a promising candidate for short-to-mid-term bullish opportunities.
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AUSDT Forming Bullish ReversalAUSDT is showing early signs of a bullish reversal, supported by increasing volume and strong recovery candlesticks after a steep decline. The chart suggests a consolidation phase has completed, and the asset is preparing for a potential continuation to the upside. Although this setup may not be as aggressive as others, the market structure implies that a healthy gain of 20% to 30%+ could be realistic in the short term. Traders looking for a balanced risk-reward scenario may find this pair appealing.
What stands out about AUSDT is the strong buying interest that has recently emerged, with the price bouncing back from its lows on notable volume. This could be an indication of accumulation by smart money or early positioning before a breakout. If this momentum continues, the price may establish a steady uptrend with a series of higher highs and higher lows, signaling continued bullish sentiment.
As the broader market conditions stabilize and liquidity flows back into promising altcoins, AUSDT could benefit from increased visibility and investor interest. While the expected gain isn't extreme, the gradual upward movement makes this an attractive play for swing traders and investors who prefer steadier, technically sound setups.
With market momentum shifting and technical indicators aligning for a breakout, AUSDT is worth watching in the coming days. Price action will likely respect the projected levels outlined on the chart, making it a timely candidate for a short-to-mid-term bullish setup.
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GBPCHF BULLISH OR BEARISH DETAILED ANALYSISGBPCHF is currently forming a clean bullish flag pattern on the daily timeframe, signaling a potential continuation of the recent impulsive move. After a strong rally from the April lows, price has entered a controlled consolidation just below the 1.12 resistance zone. This structure is typical of a market that’s building momentum before the next leg higher. With key support around 1.10 holding firm, this area becomes a crucial demand zone, and we are now looking for a breakout from this flag formation toward the 1.15 target.
From a fundamental perspective, the British Pound is gaining traction ahead of the UK general elections, with markets pricing in more political stability and fiscal clarity. On the other side, the Swiss Franc has weakened slightly due to the Swiss National Bank's relatively dovish tone and recent interventions aimed at softening CHF strength to support exports. This divergence in policy outlook adds momentum to the bullish GBPCHF narrative. Additionally, with UK wage growth remaining sticky and inflation still above target, the Bank of England is expected to delay aggressive rate cuts, further underpinning GBP strength.
Technical conditions align perfectly with the macro backdrop. The price is respecting the bullish structure, with higher lows forming consistently. The flag resistance around 1.1150 is being tested multiple times, indicating pressure is building for a breakout. Once that resistance is breached with volume confirmation, the bullish wave could accelerate rapidly toward the previous high near 1.15. RSI and MACD also support the continuation bias, both showing signs of renewed upside momentum.
As we head into the second half of June, GBPCHF is setting up beautifully for a trend continuation move. The flag pattern provides a high-probability technical setup with a favorable risk-to-reward ratio. As long as the 1.10 support holds, bulls remain firmly in control. Watch for a confirmed breakout over the 1.1150–1.12 range, which would likely trigger a sharp rally toward the 1.15 target and possibly beyond in the coming weeks.
USUALUSDT Forming Falling WedgeUSUALUSDT is currently displaying a falling wedge pattern, a powerful bullish reversal signal in technical analysis. This formation typically precedes a breakout to the upside, particularly when accompanied by increasing volume, which is present here. The compression of price within the wedge signals diminishing selling pressure and a buildup of momentum, potentially setting the stage for a strong rally. The expected upside for this setup is projected between 90% to 100%+, making this an attractive opportunity for traders seeking mid to long-term gains.
Investor interest in the USUAL project is steadily growing, likely due to its unique positioning and use-case within the broader crypto and DeFi ecosystem. As awareness around smaller-cap tokens with strong fundamentals and appealing chart structures increases, USUAL is becoming a notable mention. This trend of renewed interest often acts as a catalyst, pushing price action significantly once technical confirmation is met.
The falling wedge is nearing its apex, indicating a possible breakout is imminent. Traders should closely monitor key resistance levels for a decisive breakout candle supported by high volume. Once this occurs, rapid movement toward key resistance zones and Fibonacci targets can be expected. Historically, similar setups on altcoins have yielded quick and sizable returns post-breakout.
With market sentiment improving and technical indicators aligning, USUALUSDT may be poised for a major bullish breakout. It’s a pair worth watching for traders who focus on breakout patterns, trend reversals, and volume-based confirmations.
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Bullish momentum to extend?WTI/Oil (XTI/USD) is falling towards the pivot which is a pullback support and could bounce to the 1st resistance.
Pivot: 63.32
1st Support: 61.18
1st Resistance: 65.80
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Bullish bounce?The Kiwi (NZD/USD) is falling towards the pivot which acts as an overlap support and could bounce to the 1st resistance.
Pivot: 0.5989
1st Support: 0.5939
1st Resistance: 0.6060
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Major resistance ahead?The Swissie (USD/CHF) is rising towards the pivot which has been identified as a pullback resistance and could reverse to the pullback support.
Pivot: 0.8245
1st Support: 0.8164
1st Resistance: 0.8300
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Bullish continuation?USD/JPY has reacted off the pivot which aligns with the 38.2% Fibonacci retracement and could rise to the 1st resistance which is a pullback resistance.
Pivot: 144.27
1st Support: 142.64
1st Resistance: 146.15
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Current bullish movement there are still significant resistanceGold Market Update
In the short term, the gold market has entered an uptrend. This upward movement has been supported by a Market Structure Shift (MSS) followed by a Break of Structure (BOS), indicating a bullish momentum and a potential reversal or continuation of the trend to the upside.
However, despite the current bullish movement, there are still significant technical resistances that need to be considered before assuming a sustained rally. At the moment, gold is approaching a trendline resistance, which has historically acted as a barrier, limiting further upward price movement. In addition to this, there is also the presence of a bearish Fair Value Gap (FVG) in the same region, adding to the confluence of potential resistance zones.
If the price is able to break above both the trendline resistance and the bearish FVG, it would confirm the strength of the bullish trend, and we could expect the market to continue climbing higher, potentially testing even stronger resistance levels above.
On the other hand, if the market fails to break through this key resistance area and gets rejected, we may witness a retracement or a corrective move. In such a case, gold could decline back down toward the lower marked trendline, which would then act as the next significant support level.
In conclusion, the immediate price action around this resistance zone will be crucial in determining the next direction for gold. Traders and investors should watch closely for confirmation of either a breakout or a rejection before making any decisive moves.
XAUUSD SELL 3391On the 4-hour chart, XAUUSD stabilized and rebounded. At present, attention can be paid to the resistance near 3349. If it breaks through, it will continue to rise. If the price reaches around 3391, pay attention to the potential bearish bat pattern, which is in the previous supply area.
Bearish drop off major resistance?Cable (GBP/USD) has reacted off the pivot which acts as an overlap resistance and could drop to the 1st support which is a pullback support.
Pivot: 1.3506
1st Support: 1.3423
1st Resistance: 1.3586
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Bearish drop?Fiber (EUR/USD) has reacted off the pivot which is a pullback resistance and could drop to the 1st support which is an overlap support.
Pivot: 1.1449
1st Support: 1.1371
1st Resistance: 1.1496
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Bullish continuation?Ethereum (ETH/USD) is falling towards the pivot and could bounce to the 1st resistance.
Pivot: 2,732.37
1st Support: 2,548.35
1st Resistance: 2,898.51
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Bullish bounce?Bitcoin (BTC/USD) has bounced off the pivot and oculd rise to the 1st resistance.
Pivot: 108,446.67
1st Support: 106,491.59
1st Resistance: 111,566.95
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.