Can look for a Bullish formation coz we are bearish for a time now and we have a falling wedge pattern so could look for a long position and if it does the our key level can be the target if not we break the support then we can continue bearish towards our lower key level...
Any ways this is just my thought of the market for next week...
*Not financial advice, just an idea*
$AAPL is closely linked to the NASDAQ, due to its strong principles and market cap. This means it will likely follow the overall trend going forward.
I made the prediction that by the 25th - 1st April a complete reversal will have taken place.
This chart indicates a potential path, with a real test within the highlighted...
After a uniform growth from November to December 2020, the price changed the trend.
Since the beginning of the year, it has been moving in a downtrend.
And since the beginning of March, the price has been falling steadily.
the reason for the fall is the strong resistance level of 1.206.
+ resistance line of December 2020.
During the fall, the price came to support...
Since August last year, the price has been falling in a falling channel.
A resistance line has also formed in the channel.
In the area of this line, the price often corrects.
This week the Gold collapsed.
The price fell to the lower channel line (support) 1684.79.
This strong line has stopped the price since August.
I expect a rise to resistance.
The target is...
One of our last trades that we entered here at forexinsightsuk early hours yesterday was the AUDJPY. This trade took off just how we wanted it too but never finished the way we'd liked. We manually closed out of this trade 50 Pips in profit as we were encountering a pull back which indicated to us a slow down of bullish momentum. We didn't want to risk loosing any...
Apologies on the delay of posts this week guys, we have had a busy week with other commitments outside of the trading world.
nevertheless we have not yet encountered any loosing trades this week and its fair to say we have taken advantage of the beginning of this month. This is a trade that we entered here at forexinsightsuk at the beginning of the week and...
Despite the strong support line, yesterday the price collapsed to a large volume. Therefore, I have to adjust my forecast. However, despite the price drop, I still expect its new growth in the near future.
The main reason for expecting growth is a rather strong support initiation, in the area of which the price is now....
Gold price is still in the support zone 1698.61. Let me remind you that it came to this zone after it fell from the resistance zone of 1817.90 last month. And so far the price has not been able to recover in positions. Nevertheless, I patiently await growth.
The price is in a strong support zone, which is formed by two strong lines. One of them is August 2020,...
The GOLD price dropped a little more and is now in a strong support zone at position 1716.93. This zone is formed by two lines. The first one appeared in August 2020, the second stronger one - in July 2016!
Now the main question for all investors is when exactly gold will stop and begin to grow. I think this support zone is...
I did initially see a possible start of the precious metal moving back to the main trend pre-end of March, as price began to settle around 1800, a sudden push south the last 7 days may be further indication of a more momentum related push north to return to the trend line from 2018, my long term view did show this dip, (see linked chart below), but with less...
As you can currently see from the screenshot, the current candle session is still ongoing, still not showing us properly what sort of direction the current market conditions are looking to head.
ZONE 1, is what I would consider my 'Consolidation Area' and the current candle session has broken out of that area. This is of no significance to me at the moment as it...
Yesterday was a great day trading with opportunities to long and short. More importantly, it has been over 24hrs that the price is above the mid-way point without any significant dips. That indicates that the price is stabilizing and demonstrates clear bull flags. At the time of writing the price was quite stable around the previous resistance point of ETH $1550...
We continue to watch the price movement of this currency pair. As you remember, after the price fell from a strong resistance zone, it stopped at the support level of 1.202.
From this position I expected a fall to the support of 1.196 and after that a new growth...
First of all, I would like to take a moment to thank all of my fans and followers! 🏆 It is mind-blowing that about 1 thousand people read my posts every day and Data Money has already over 400 followers! 📊 And sincerely thank you to all of my fans who write to me. It is amazing that so many of you got interested to use my analysis for building trading bots! 🤑
In...
