Forexomni

NEXT GOLD SIGNAL HERE👇👇 https://t.me/TrueTrendsignals

Analysis Update 👆

Close 233+ pips in the profit

EURUSD Close 78+ pips in the profit

Hit the Bottom as Expected 👆

The Dollar Index on the daily timeframe has completed a five wave impulsive structure followed by an ABC corrective phase forming a falling wedge pattern which has now broken to the upside suggesting a potential bullish reversal with wave one of a new impulsive sequence already in play currently pulling back near the Fibonacci 0.382 retracement level of the initial wave this aligns with strong macroeconomic tailwinds as recent hawkish comments from Fed officials reinforce the possibility of prolonged higher interest rates supporting dollar strength market sentiment has shifted cautiously bullish with immediate resistance near the 104 zone where bulls may target further upside contingent on upcoming US labor market data and inflation reports which could either validate the breakout or trigger a deeper corrective move.

Pattern Did It's Job 🥰

USDCAD completed a clear five wave bearish impulse followed by a textbook falling wedge breakout and a bullish reversal structure forming a triple bottom near the 1.35000 zone price has now broken above the upper trendline of the expanding triangle pattern marked by points B and D signaling strong bullish momentum supported by recent USD strength driven by hawkish Fed tone and resilient US economic data while Canadian dollar remains pressured due to weaker oil prices and dovish BOC stance the breakout above 1.38000 confirms bullish continuation with potential upside targeting the key resistance zone current sentiment favors buyers as long as price holds above the triangle neckline which now acts as support.

As Expected Divergence Is Confirmed 👌

Wave C is coming soon ☔

GOLD Close 105+ Pips in the Profit

Close 45+ pips in the profit

AUDJPY has completed a five wave impulsive structure within a rising channel and is now correcting through a potential ABC pattern where wave a has already broken the internal trendline support and price is heading toward the lower boundary of the channel near the previous structural support zone market sentiment has shifted as risk-off flows increase due to concerns around global growth and potential rate cuts by the RBA while the Bank of Japan maintains its cautious stance technical rejection from the red supply zone marked by wave b adds confluence for continued downside and traders should monitor price action around the projected wave c zone for potential reversal signals aligning with fundamental shifts in risk appetite.

GOLD Running 100+ pips

USDJPY Close 66+ pips in the Profit

EURGBP completed a clear impulsive wave structure where wave three topped near the upper divergence line and wave five formed a final push creating a bearish divergence confirming exhaustion in bullish momentum price has broken below the inner trend line suggesting a wave four correction is in play with the projected target aligning near the sixty one point eight percent Fibonacci retracement level and previous support zone further downside is expected until price approaches that key area which may act as a potential reversal point before the final wave five begins.

Close 80+ pips in the profit

USDCAD on the 12H chart has completed a clear impulsive five wave decline followed by a contracting triangle correction labeled ABCDE, indicating a Elliott Wave continuation pattern after wave 5. Price is currently testing the upper boundary of the triangle near 1.37800, forming lower highs and higher lows within a well respected symmetrical structure. The rejection from point E aligns with declining momentum and suggests a bearish breakout is likely as price fails to gain bullish traction above the resistance zone. A breakdown below the lower trendline support around 1.36000 would confirm the continuation of the downtrend with potential targets extending toward the Support area.

Neckline Breakout will confirm the pattern Check Proper price action Before Trade 👆

EURJPY Close 63+ pips in the Profit