Trading suggestion:
. There is a possibility of temporary retracement to resistance support line (1280.90). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. XAUUSD is in a range bound and the beginning of downtrend is expected.
. Price is below WEMA21, if price rises more, this line can act as...
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=145.8.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=147.
TP4: R2=147.75.
Set the stoploss of these orders at breakout of S2=145.6.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of...
EURUSD could experience a potential downtrend because there is a double top in the 4hr time frame.
Targets are either the 50%, 61.8% or even the 1.1210 level.
However this analysis is invalidated when prices closed above the double top pattern.
I've seen a number of charts on TradingView publishing a buy on this pair on a "retracement" or "pull back".
However, I disagree with this and speculate that this pair will be coming back right down.
I won't go too much into it as my chart speaks for itself.
Trade safe and good luck!
Technical analysis:
. CRYPTO.COM is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 56.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (0.00076000 to 0.00066140). if so, traders can set orders based on...
The pair has reached the top Trend line for multiple time frames : 1W, 1D and 4HR and is also considerably overbought on 1HR, 4HR and 1D.
In terms of entry - this can either be an instant entry or a bearish indication can be anticipated.
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