GBPUSD update: After a significant decline, price has settled around the 1.3551 level which is a reversal zone boundary. The type of price formation that is present would usually call for a long, BUT usually this is followed by a short squeeze which is not happening here. And for this reason, I am anticipating a bearish continuation pattern.
The EUR and AUD had...
BTCUSD update: Price is poised to make a higher high and possibly break the 9225 old support/new resistance level which can lead price up to the 9861 reversal zone boundary. Along with this possibility, an aggressive swing trade setup is developing as I write this. Is the trigger worth entering?
In recent reports, I have been writing about how not all signals...
Geo making another move in my opinion in the next few days. With bitcoin stabilising people will explore cheap altcoins again, Geo has unlimited potential with their use case. Lots of geoinformation based dApps can be created easily on this app --> Example PokemonGO on Blockchain!
Now lets take a closer look to the Chart. We see a descending chart pattern...
Hello Dear Traders,
1.The pair is forming a descending triangle & a break below 1.0649 would open doors for 1.0620 & later 1.0580.
2.the pair's outlook is still negative & break above 1.0700 would trigger 1.0750.
3. News to follow today is Speech by the President on the occasion of the launching of the new €50 banknote at the E.C.B in Frankfurt, Germany. with...
This analysis is purely based on Eastern Candlestick pattern. On the other hand, RSI (Western pattern) is just there as a confirmation but not crucial.
Furthermore, considering NASDAQ index, in a month analysis shows there should be a consolidation in prices.l Thus, FB price should be also. But in general both index and share should price go up
Have a nice...
