SPX ( S&P500 ) is currently testing Trendline Support price above $3737.20. SPX price could potentially bounce up from trendline support to the price targets above: $3894.86, $4000, $4100. FOMC Statements & Press Conference policy changes could cause extra volatility this week and month for risk assets. This would mark the 6th major time the SPX price has...
Bitcoin (BTC/USD) price has bounced up from $20000, forming a Trendline Support Line. Intraday price pullbacks back down can occur this week and month. Watching to see if a new 1-hour or 4-hour Uptrend forms for Long Swing Trading or not. Bullish Targets would be: $24000, $26000, $28000. However, if an intraday uptrend fails to form, there could be a re-test...
GBPJPY seems to be forming an ascending triangle & is near he support trend line that has been respected over the passed few weeks. from a technical standpoint, I'm expecting it to reject the TL before it shoots up again. what do you guys think?
Looks like have good upside broken trendline nd took a support on trendline RSI bullish Close about 270 can take it to 288 in short term and even further Stay tuned
I'm not an investment adviser, I will not be responsible for any loss you encounter. This is just an idea of my market analysis.
USDJPY Intraday - We look to Buy at 136.03 (stop at 135.42) Although we remain bullish overall, a correction is possible with plenty of room to move lower without impacting the trend higher. There is scope for mild selling at the open but losses should be limited. Prices expected to stall near trend line support. Dip buying offers good risk/reward. Further...
Plug Power Short Term - We look to Buy at 15.44 (stop at 12.51) Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. The trend of higher highs is located at 14.00. This is positive for sentiment and the uptrend has potential to return. Dip buying offers good risk/reward. Our profit targets will be 23.88 and...
Since Bitcoin was able to break the level of $20,400, the next target could be the price of $21,150, and from there there is a possibility that it will experience a drop.
Price dropped to the initial target and pulled back to the descending trendline. Bulls have not been able to break above the pivot suggesting the price will drop further towards the support. A break and consolidation above the trendline will change the bias to bullish with initial target at 167.8.
On the monthly timeframe, AUD/USD prices are keeping the downward structure after creating a double top around 0.80 and bouncing off the bearish trendline several times. In the medium-long term, unless any unpredictable events happen, I expect the price to fall to the pre-covid area which is around 0.57.
On the monthly and weekly analysis of silver, you can see the price has formed a double top pattern and broke the neckline. I expect the price to decline back to the area where covid started and that will be in confluence with the target of the double top pattern which is the 14.20 area unless any unpredictable events occur in the time being. This is a medium-term...
Gold has experienced sideways movement in the past few weeks lacking enough bullish momentum to break the 1870 resistance level. The price has slowly crawled towards the trendline support from where it bounced bullishly on Friday. Bullish divergence on technical indicators suggests minimal bearish momentum to break the support and drop further. With NFP coming...
Market bought corrective into Monthly OB for a retest. Also, we have psychological level 1.0000 at this OB. We are also seeing trendline confluence supporting our Sell bias. Market could fall to 0.9000. We should also take note of how price reacts with the lower trendline of the inside channel. *** This is just my opinion. It doesn't serve as financial advice ***
Welcome back! Here's an analysis of this pair! **AUDCAD- Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in...
Welcome back! Here's an analysis of this pair! **EURGBP - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in...
BITSTAMP:XRPUSD Technicals: - The two Horizontal Trendlines range in Yellow is a good consolidation area albeit quite a wide range - The other 2 Horizontal Trendlines (0.73 and 0.90) are also consolidation areas (good to either TP at those levels or take some off exposures off the table at those levels) Fundamentals: - The crypto space has taken a drastic...
NZDCHF is stucking more and more weekly. Ofcourse there is 2 way to go but if you look at the RSI divergence, it can give you an idea to think it will be able to go up. And the other tning is that we ve a trend line which it touched 3rd times, and there is no reason to think it is not a trend. watch carefully first.
After seeing a capitulation, rarely do we see an immediate reversal back up. Even if the current trendline sends a strong signal to the bulls, it is unclear if a reversal is imminent or is this just a temporary relief bounce. We noted that 2 weeks ago there was plenty of air (lack of market participants) in the region of immediate price action and expected a...