rising wedge formation on GBPUSD .
though the pair has broken below the support line of the wedge ,
I am paying close attention to 1.296 support of a narrow horizontal trading range.
I will sell the pair in case of bearish breakout of the range.
Target levels will be:
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 guys, USD/JPY has been in a downtrend as you can see the blue lines from the weekly time frame. Now the market reached the top of the weekly channel and monthly major resistance. The price hit this level twice before in the recent times and each time made a lower low. Also on daily time frame there is a wide bearish divergence and on 4 H a rising wedge has...
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
Bitcoin (BTCUSD) hit a low on the 30-Sept. and has been printing higher lows since... Looking at this setup, a new possibility emerges.
After the strong drop around the 24-Sept., the bear volume has been low and Bitcoin recently managed to break above EMA10 on the daily timeframe.
Above EMA10 gives us bullish potential...
Now that EMA10 has been conquered, the...
Based on the previous analysis, the exchange rate is likely to increase further. The extent of the rise may be the size of the current accumulation band. My guess is that the bar's upper level and target price will be close to fair value. This value is currently 2.61 usd.
Bitcoin (BTCUSD) reached a peak price in late June... Old news, and moved down to test EMA10...
After some consolidation, EMA10 was broken and now Bitcoin's price is trading just above EMA50.
Looking at the bearishness of this chart, EMA50 can breakdown next just as EMA10 broke.
If this level breaks, the next support is sitting at around $6,350 or EMA100.
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=140.35.
As short term forecast is uptrend too, so there is an expectation to reach the following targets:
TP4: To follow the trend, set an order without takeprofit (free trade) and while short term forecast remains unchanged, keep it...
The exchange rate follows the previous analysis. Rather, the current analysis only attempts to confirm the likelihood. The exchange rate seems to build a rising wave sequence. If you continue with the rising wave rules, the current rise may be twice that of the previous rising wave. The target price in this case is 9488 usd.