USDCHF just broke the downtrend and retouched the resistance line ( as you can see the channel), from here there is a big possibility for a retest of the previous support for the continuation of the further downtrend. The dollar is getting weaker for next week so there is a big chance this situation might happen.
In this technical analysis, Bitcoin formed a bullish channel confirmed, so right now we are in the support trend line that form this bullish channel and we are into this bullish candlestick group in formation in H4 timeframe, this could be a possible bullish movement toward the $19,350 USD. And alert: not bearish, because if this was bearish, we would need to...
Hi guys' We have an analysis of #Polkadot in all time then you can see triangles and PRZ zones.
Price has been moving in a downtrend for the past few weeks and has tested the bearish trend line 3 times with strong rejections each time. However, price is starting to lose momentum in its down trend as price is failing to set new lows and we have just recently had a strong bullish reaction from a key H4 support level. Price has the possibility to reverse and...
GBPUSD 4H Trend Analysis GBPUSD 4H trend is down if cross this support level then more down , now its working in channel , channel working is trend down.
Welcome again to my latest or another analysis on GBPUSD which has been playing with our emotions but as of Yrsterday to today we saw our candles retest our descending trendline and formed a bearish engulfing candlestick which was a great signal to sell but if you miss that trade we are getting ready for another short sell again at the fibonacci retractment level...
Good day traders! Wish you all have a pleasant weekend and do enjoy yourself and happy trading! XAUUSD H4 timeframe, on last Friday, price has strongly rejected the trendline and EMA 55 (as expected) and break above 1765. Coming week, we believe that gold would continue its bullish rally to 1800 (ideally) due to fundamental news and technical analysis....
This is a closer look at my previous post for the Weekly time frame. Here on the H4 time frame we can see that I am expecting wave 3 to complete to the downside before the price should rally. There was a spike which caused a double bottom though which could see the break come before my structure plays out as indicated here. That means I am waiting for one of...
Hi guys, this is my setup for eurusd, I hope you enjoy it. NOT A FINANCIAL ADVICE!!
FX:USDJPY looks very choppy Since daily charts have positive bias, I believe that long trades on 4 hours charts/ intraday will be trend following However, as we can see, there is a bearish divergence that has been witnessed, price moving upwards and RSI moving down. Divergence may remain for longer periods even post when they are witnessed. At this stage, I...
BABA on 4 hours chart has got into an uptrend and unless it closes lower than 176, may continue to show strength on this time frame. It has taken down the previous highs and a nice retracement making a higher low and RSI bounce back into the mid zone will be very bullish, indicating that market getting over sold with low retracement on price and markets good...
4 hour timeframe chart on FX:EURAUD Currently forming a descending triangle and price nicely testing the support and resistance levels approaching the climax. Price currently below the 50 period moving average, indicating possible resistance and downward pressure (likely short position on break of support) ADX not relevant in this as works best with longish...
I am not so much expert but what I can see here that it is changing from flag up pattern to triangle one also towards downwards. I think from 1479. It will start falling for long term because it will break out the pattern or it will go beyond if it breaks 1502 resistance which usual one for short term. but my best suggestion goes for Short Term. Rest is upto your...
USDJPY shown a double bottom on H4 with nice rejection of level. expecting some real move.
This week we are really close to the 0.97600 monthly S/R line, it bounced off and retested the daily 0.97950 S/R line, closing under. The price tried to go above this line but it was rejected as we can see in the wicks of previous candles, it could be a bearish signal, but we have to wait. I'll be looking to sell, my target being 0.96450, because the trend doesn't...