Hi, Traders ! Monfex is on the air !
There is a high probability that EUR will eventually break out of the long-term descending channel.
* EURUSD has been squeezed in the downward sloping channel over the past year. However, this time, it has a good chance to break upwards and cancel out the recent formation.
* The pair shows promising dynamic having reached a...
I assume that a fractal movement may occur at the intersection of the MA (50) and MA (100) indicator signals. As seen in the analysis. As the current ATR is twice the ATR of the first fractal shown in the figure, the expected decreasing fractal will be twice the previous fractal. Therefore, current levels may be suitable for taking a short position.
Hi, dear Traders!
Monfex is at your service and today we overview XRP/USD.
Ripple in the ascending channel, formed an ascending triangle whose target is the resistance zone and the upper line of the channel, but this is 55% probability.
45% is a breakdown of the channel’s support lines and further correction, in support of this idea there is a big bearish...
although I have an active selling position on gold ,
many traders hesitate to enter right now and don't know what to do.
Indeed for quite a long time gold is very very passive.
Those who are looking for a confirmation signal,
pay attention to a symmetrical triangle that the market is now following.
Price is under the 200 EMA on Daily, which shows that price is still in a downtrend.
Price is in an overbought area on the RSI, this suggests exhaustion.
Completion of a harmonic pattern would now suggest price to go short.
There is also an Elliot Wave and a Corrective wave which has been completed. This also now suggests price to go bearish....
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=0.986.
But the short term forecast is range bound, so we expect to reach the following targets:
Set the stoploss of these orders at breakout of S2=0.984.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of...
Monfex is at your service and today we overview XMR/BTC.
XMR near the resistance zone and MA200 also there. And this bullish movement in the last week has been support with a bullish divergence by RSI.
A breakout of the key level with confirmation and consolidation of the price above it will be a good trade if this happens in the near future.
Hi, Traders ! Monfex is on the air !
We see the short-term scalp idea on 1H Chart of Litecoin.
* Litecoin is forming up a 1H decline suspension pattern consisting of doji candles and inside bars.
* Supported by higher Volume on the tails, the pattern implicates a high probability of the price shooting up to the short-term descending trend-line, depicted on the...
Monfex is at your service and today we overview BTC/USD.
Bitcoin in a short-term is able to reach the resistance zone, where the price will meet with MA200 and it will be possible to consider the short position. But an indicator analysis is currently negative.
A rejection of this idea will be the surrender by bears of $ 8350.
Resistance zone ~ $...
Hi, Traders ! Monfex is at your service !
Please find below our Update on OmiseGO (OMG) - an Ethereum based decentralized banking and exchange token.
* OmiseGo is currently ranked 48th largest coin based on its market cap which is around $112 million.
* OmiseGo is one of the few outstanding projects with great potentials. As at the time of writing the coin is...
Monfex is at your service and today we overview NEO/USD.
NEO broke the triangle and has already tested the ex-support of this triangle and it's near the resistance zone and MA200. There is a downward movement globally, the bears control a situation. Stoch RSI has a bearish div and going down to oversold zone.
The local support ~ $ 7.30
The exchange rate may continue its upward trend. My analysis attempts to explain that the current corrective motion is a symmetric fractal motion similar to the symmetric fractal seen at the intersection of the previous MA (50) axis. However, it is now twice its size. Therefore, it is expected that the size of the further rise will be doubled. In case the...