Chart Patterns

Hello, Traders! Monfex is at your service and today we overview EUR/CHF. This currency pair is moving in a downtrend globally and now the local resistance zone has been overcome and there is the next resistance zone along with the resistance line. By breakout of this line, we can take the target ~ 1.14. But it is more inclined to think that there will be a...

Hello, Traders! Monfex is at your service and today we overview BTC/USD. What do you expect from Bitcoin ? There is no secret that BTC in the descending channel and brokeout the great triangle down. Bears have already tested the level of $ 7800 three times and the probability that they will push the price to at least to $ 7500 very high. RSI is going down to the...

Hi, Traders ! Monfex is on the air ! After vain attempts to correct noticeably upward, Bitcoin is ready to retest the local lows around $7,700. * After prolonged selling pressure, Bitcoin made a desperate attempt to break higher and hit $8,100 intraday. * However, the price is heavily wedged within the descending channel and the downward move is yet to be...

Buy order placed on USD CAD following flat correction after impulse at the 61.8 zone.

USDJPY, Sell on H4. H4: - Structure: uptrend - Tendency: Upward However: - Weakening - Test resistance D1 H1: Double top forming -> Top forming-> Pullback PLAN: - Sell: 108.8 - TP: 107.8 - SL: 109.4

The exchange rate has moved into corrections. This is in line with the previous analysis. The current correction level is 5.71777 usd. Above this level, you can add a short position.

Hello, Traders! Monfex is at your service and today we overview BTC/USD. What do you expect from Bitcoin ? BTC near the support line of this bearish formation and we see a local resistance and support zones. A local resistance(the dark zone) ~ $ 8200 - 8150 A local support(the green zone) ~ $ 7950 - 8000 Indicators more negative and going to the neutral...

Midterm forecast: While the price is above the support 7446.80, resumption of uptrend is expected. We make sure when the resistance at 9243.50 breaks. If the support at 7446.80 is broken, the short-term forecast -resumption of uptrend- will be invalid. Technical analysis: The Falling Wedge taking shape and as a bullish pattern suggests we will soon see another...

Looking to retest the 1476 area. Gold has been dropping over $10 each time bears take control after each zone has been tested. SL: 1499 TP 1: 1488 TP 2: 1480 TP 3: 1476 Click LIKE on this idea if you agree and you'll be taking this trade. FOLLOW ME to keep updated on this trade and to receive alerts about future trades!

Hi, Traders ! Monfex is on the air ! GBP/USD can reach 1.30 already this week on a positive wave of a Brexit deal. * During the past days, GBP has increased in value significantly ag USD against the background of improved outlook of a Brexit deal. * There is the possibility that the UK government could start legal procedures to avoid asking for an extension...

Hi, Traders ! Monfex is on the air ! Litecoin lies in an attractive position: Long trade on a low risk is possible from here. * Couple of days ago, Litecoin's crew celebrated the 8 years of network running with $500,000,000,000 worth of transactions registered during this period. * A week ago, Litecoin made an attempt to break out of the consolidation zone, but...

USDJPY is quite overbought right now. Pay close attention to a narrow horizontal trading range. I will sell the pair in case of bearish breakout. Target levels are: 108.4 108.2

Hi, Traders ! Monfex is on the air ! Be careful at this point on the chart since the selling pressure might be reaching out the point of exhaustion. * The downward move of Bitcoin seems to be losing steam: the Bears have stopped pushing down heavily, although the price resides near the Key Support Level. * However, we might still observe an attempt to push...

Hello, Traders! Monfex is at your service and today we overview ZRX/USD . Classic Elliott Waves 12345 we can see on this chart and confirmation of a long position will be breakout of $ 0.3455. Stoch RSI oversold and it's going to rise up, but we have a bearish divergence by simple RSI and it's not a good sign. Maybe this divergence was realised on 15-16 October...

MMHVW- see chart.

Potential to long EURAUD and keep riding the current bullish trend. Consecutive higher highs and higher lows being made. The bottom trendline has held strong with the 4hr 50EMA Looking for a new higher high and targeting the -0.27 fib extension for target profit 1. If this level breaks then the larger fib extension could be reached for over 5:1 RR

As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.109. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=1.114. TP4: R2=1.116. Set the stoploss of these orders at breakout of S2=1.108. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of...

Hello, dear Traders! Monfex is at your service and today we overview XMR/USD. Monero broke the resistance line of the descending channel, but we have the key level for confirmation of a further growth ! XMR is suspiciously the most passive in recent time and now it starts to growth. The great resistance zone ~ $ 57. This long idea also supports the positive...