GBP/NZD has hit a line of recent resistance from last week and appears to be decling from this level. This level coincides with the Pivot Point Supertrend SELL signal. On the H2 time frame the RSI is well into over bought territory reading 76 and we're alos at the WM3 Pivot so all signs are that GBP/AUD BEARS will enter here and attempt to drive the price...
We've seen the Swissy under pressure across all pairs since the start of the year. I'm out of position SHORT GBP/CHF but still believing we're going to see alarge move south on this and other CHF pairs. EUR/CHF is now signalling a SELL trade on Pivot Point SuperTrend and although the Andean Oscillator is still waiting to catvh up, its no longer BULLISH and I...
EUR/NZD has support from the 200 day EMA which coincides with the WPP mid pivot. This should provide enough support for a move higher possibly targetting WR1 (Weekly Resistance) at 1.7611 over the next several hours. The STOP at 1.7497 is under these 2 significant support levels.
.9260 has held up EUR/CHF BEARS and the BULLS have made several attempts to push higher but have gained no traction. There are signs that this latest push may have more success. The EMA's are tightening in an upward direction so I'm LONG from .9298 with a tight STOP. Initial target is WR1 weekly resistance at .9348. If we get there and the BULLS remain incharge...
With the start of week looking GBP BULLISH, then we would expect EUR/GBP to come under pressure. The price of EUR/GBP has hit the 50 day EMA and all the EMA's are headed south so I expect EUR/GBP to follow. Tight STOP just above weekly mid pivot at .8628 area and the target is WS1 weekly support at .8566
The new trading week has started with all GBP looking moderately BULLISH. GBP/CHF is just above the 200 day EMA and the weekly mid-pivot so this is a good place to place a STOP. The target is WR1 weekly resistance coming in at 1.0864
This morning has seen buyers pushing EUR/JPY higher having found pivot support at 157.73. With no news to reverse this move north, EUr/JPY would appear for now to be targetting the next major RESISTANCE level at WR1 (1598.87) Trading seems slow today in the absence of sheduled news so we may see prices drifting sideways somewhat but the overall direction looks...
There's no significant news for a couple of days so there's nothing scheduled to affect trading today and with GBPUSD finding support in the 1.2670 area, we could see GBPUSD push higher heading for a possible target of WR1 (weekly resistance) at 1.2788. All GBP pairs look BULLISH supporting this opinion.
With the 25 EMA is almost crossing the 50 EMA and USD/JPY at an area of RESISTANCE, this pair looks to be headed lower. There's no a great deal of momentum in the market so this could be a slow burner. There's no significant USD scheduled news until Thursday so there's no reason to see USD BULLS entering the market. Most logical area of SUPPORT comes in at the 200...
GBPUSD has hit WS1 pivot support and we have indecsion candles forming. Significantly EURUSD BEARS have been stalled and we have more indecision candles which could be the forerunner to a move higher. If GBPUSD BULLS do enter the market here we could see a move significant move higher possibly to the mid pivot level at higher at 1.2743. Note, however, that we...
AUDNZD continues toi lose ground and is headed for support
BITCOIN has been gradually recovering since hitting the recent low at 17578 in mid June. Since that day we've seen BTC carve out an upward channel. 26817 is the next line of resistance which coincides with the .382 Fibonacci level. As BTC chugs higher so all other main digital assets will follow so I'd be a buyer in this market as things stand. As ever BTC is...
Several weeks ago I posted 3 possible areas where BITCOIN might find support. Since then we've seen BTC rise and fall but generally be supported by the first & second of these levels. The chart pattern for BTC is a classical rising hifgher high and higher low pattern that woudl suggest we could be headed higher. Whilst we remain above 20770 we are in an uptrend...
BITCOIN's fall continues without much sign of a rebound. Under the current level sit 3 possible support lines though whether this will make a difference is anyone guess. Under 16311 there is no support and the next stop could be 12,000. As BTC is the endgine that drives the crypto train then no digital assets are safe from selling off. Some real bargains around...
When (if) the crypto market starts to head back north or more accurately when BITCOIN starts heading north (BITCOIN is the engine that drives the cryptocurrency express), its worthwhile noting some of the more "established" coins are likely to present excellent buying opportunities. My list of assets include SOL (Solano) ADA (Cardano) DOT (Polkadot) XRP (Ripple)...
Its a lottery picking out the next digital assets that might fly but Optimism looks to have real possibilities. Optimism was developed to speed up ETH transactions and cut its costs by settling them on another blockchain using advanced data compression techniques. The technique involves optimistic rollups, where multiple transactions are rolled up into one single...
29,000 is offering some support for BITCOIN. Whether this level of support is enough to see the BULLS return we shall have to wait and see. Not far under the current level is the 200 day exponential moving average at 25,300. This has a good chance of offering support to the asset. Should this level fail, the next support level comes in at 19800. There isn't any...
Molecular Future is one of the digital assets owned by the giant blockchain group Hyper Tech , the group behind the HyperVerse project, an exceptional blockchain membership program. Go to my theforexportal website for more information about HyperVerse. Since MOF was forked (diluted) last December the price has steadily declined before moving north back in...