I see EUR JPY dropping to support level at 115.810, be careful for a period of retracement as the RSI is around 24 so we look to sell after a small rise.
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Although we have a short term bullish position in this pair, we also have a longer-term bullish play.
Our targets are shown and statistically positioned using our own risk management model. sometimes we change them slightly to adapt to market conditions.
This is my long term view on EURGBP, not much to be said. I believe price is on its last leg (V) of the impulse and will fall within the range of .95 - .98.
Is Ripple fully loaded?!
On the chart showed a potential scenario in the long term but possibly we will witness a full XRP reversal very soon.
We are getting close to a strong support level so let's see will it bounces up for a long-awaited uptrend.
This is a long term prediction of the USDCAD monthly chart.
I am expecting the price to finish the horizontal cycle to the downside and retrace 50% of the impulse wave using the Fibonacci tool.
This is my probability for the USDCAD pair on the LONG TERM!
Interesting similarities and differences to the previous bear market.
We appear to have spent a few months between the 77-83% range, whereas in 2015 we only wicked into there before ranging in the channel above. (red circle - wick not visible on line chart)
Perhaps we do the same now and range between 4k and 6k for up to a year(?)
I do envisage we will see 6k...
1W:
GBPJPY broke out of a descending trend line last week, exposing the pair to further potential upside movement.
A retest of the trend line may occur before price starts to increase.
4H:
On the 4H chart we can see price broke and closed below a short term ascending trend line, opening up possibility for a short term decline in price.
Trading plan:
Going...
Listen I'm just a line-drawer and this technically means very little and I know countless of these logarithmic things have been posted already, each with their own variation. But, to me this looks quite feasible and I suppose any breaks of the major long term trend lines drawn here is a viable trade.
Hope you all had a great weekend here's a nice little Gold analysis here pretty simple bounce of resistance, theres a lot of strength behind Gold atm so should see it break through resistance as it did last year, Hope you all have a great trading week. I will be updating this analysis this week, keep an eye out for updates and potential entry points.
Only on USD exchanges since USDT exchanges closed at a different price.
Fractal for bull market of 2015-2016. Back then we saw a bull market (from the end of the 2013-2015 bear market) which ended with a weekly bearish divergence on the RSI.
The bottom of the following ~70% retrace in 2016 was marked by a bullish weekly divergence.
Now we can see that the...
The SPX500 0.42% has created a fresh new supply at the beginning of the recent drop. This supply seems like a strong one, the price drop down from there very fast which Indicates more sell orders that waiting there. I'll wait for the price to return that supply And I'll sell there, my target will be the support zone below, and for those who want to try and Take it...
GBPNZD 0.06% – On the weekly chart, we can see that GBPNZD 0.06% need more 50 pips to hit a very strong Supply, this supply has created in June 2016 and still valid, it is the first time the price back to this level Since he drops from there. I’ll sell at this supply soon, my first target will be the demand below and the Final target is the demand at the bottom.
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