As you can see there seems to be a lot of resistance on the downside for SPX 500 to fall towards my target price, but I believe in Drama's and not just easy trades. I like the story in the charts which has been given to us time and time again. The momentum is towards the upside as it has broken the major trend line but that does not mean we will not break it again...
Gold finally breaks the resistance formed on the downside at 1301. I had posted the chart a month back, it was clear that gold will fall due to multiple attempts to the upside but couldnt breakthrough. We can see some minor pull back to 1301 and than another leg down towards 1275/70, I am looking at 1220 being my first target on the down side. as long as it stays...
Aside from popular belief that there will be one more leg down on XRP, I believe we have seen the worst for XRP. I come to this conclusion after charting some of this data with the volume, 25 EMA, 55 EMA, and the RSI. One can clearly see on the chart what happens when we have a golden cross from the 25 and 55 ema and vise versa. When it crosses down we are met...
we got weekly trendline and daily support on NZDUSD and am already long on this pair with 40 pips Sl, do use right risk management = 2% per trade and move sl to entry once in 30+ pips profit. If you find this analysis useful then like and comment :) wanna join Free Signals then join telegram channel T.me/quickpipsforex
WTI US CRUDE OIL , looks pretty strong to the upside and has gained momentum in the last few days due to the geopolitical situation. We can expect some upside for this commodity, There is some resistance coming for it, but another 5 to 7% looks quiet bullish. Any geopolitical uncertainty can surely change its course to the down side.
This pair has been running into Cosolidation since Last Week and it shows bilateral Triangle on H4 TF and am gonna wait for break and confirmation then will be looking to Trade on it, Personally Believe it to fall with DXY correction. If you find this analysis Useful then Like and Comment ;) and If you want Free calls then Join Free Telegram Channel :- T.me/Quickpipsforex
Platinum falls sharply and will continue to fall while it looks for some support for a short term rebound which I (assume) could go to 945. However, if support at current level is not found than we are looking for another major fall towards previous lows and potentially even lower toward 885/80 Support area before it starts to rebound.
As I've been trading and observing the market catching some really obvious set-ups on the Euro's & Raw Reversals on the GBP. For now my eyes are fixated on CAD/JPY, seeing how the high GDP Growth on the CAD has aroused the Investors to feel extremely confident with the CAD and on top of the fact that Trump himself said there's no Trade Tariffs with Canada -...
DXY Weakening Bullish Momentum Higher High/ Lower High Wait for confirmation
Tonight, we have the CAD employment data. No significant change expected in the data. However, if we get a positive NFP data, we could see the USD strengthen further. Giving the USDCAD a solid base to bounce off support of 1.2750. However, a buy trade should be triggered only if 1.28 is breached.
The cash rate is not expected to change, and the accompanying statement could indicate continual growth for the economy in 2018. Overall, it is likely to be positive news. But with less global risks now, we could see a short uptick in the AUDUSD, before it turns back down to test the recent lows.
Ark has broken out of our previous down trend line and we could be headed to 3.28 which is a weekly resistance level. Price could hit that level and stagnate for a bit as its an area of major confluence of the parallel downtrending channel too. A 30% upside is what Ark is in process of completing. "Target :- 3.2844"
DASH has been in a major bear market all through out the start of 2018.I have a bear market trendline in place which has acted as major resistance. At the moment the price is entering the support zones of major 2016 PRE - BULL MARKET levels. Remember a straight line fall is always coupled with a straight line increase most of the time in a faster way on the...
On the weekly, the retracement of price has formed a bullish flag pattern, giving upward bias on the weekly. On the daily, price has formed a triangle formation and is preparing for a breakout. It has also found support at both the 0.36 Fib retracement and established trendline. SL: 1.37 Price: 1.38492 TP: 1.415 Hoping to hold between 10-14 days Should be good.
Well, that escalated quickly! And, surprise-surprise, we have found our long lost brother, volume! Not long after I hit the "POST" button on my last idea this morning, (), we started heading quickly to the target range I had predicted. We are still not there yet so hang tight. Here's what I see as possible scenarios: - One, a sideways day or two before...
On the weekly period, price has been ranging between parallel Support and Resistance, it appears to be going back down to test the lower level. Price is approaching a previous horizontal support + the 38% fibonacci level which provides significant resistance.