The AUDUSD pair eventually turned bullish following our previous analysis as it broke above the 1D MA50 (blue trend-line) and as we mentioned, it targeted the June 03 Lower Highs trend-line (dashed) and the 1D MA200 (orange trend-line): A closing above this trend-line will target the flat May 05 Resistance Zone. Until then, selling is favored as also shown by...
The key level in bitcoin remains 17,000. Now it is necessary to monitor the movement near this level. The growth above it, further pro-trading and impulses will greatly increase the probability of growth of quotations. At this stage it is premature to talk about growth or a deep fall. Altcoins: Tron continued consolidation of quotations in a wider range, an exit...
NZDUSD - 20h expiry - We look to Sell at 0.6425 (stop at 0.6465) Previous support located at 0.6300. Previous resistance located at 0.6400. Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 0.6425, resulting in improved risk/reward. A move through 0.6300 will confirm the bearish momentum. Our profit targets...
Based on my strategy in today's range and it works sometimes as support and sometimes as resistance.
💷💵GBP/USD Continued Declines💷💵 💷💵Since the declines that took place on 15 December, GBP/USD is still holding below the resistance zone marked on the chart. 💷💵There is an evident lack of upside strength and buying interest. 💷💵The support zone remains unchanged. 💷💵I expect that over the next few weeks a move up to the 1.16 area is very possible. 💷💵Looking at...
🦘AUD/USD Declines On The Horizon 🦘As I wrote recently about declines: 🦘My scenario has not changed since then. 🦘I still believe we still have plenty of space for declines from current levels. 🦘A resistance zone defined by the 0.5 wave from the covid bottom to the 2021 peak. 🦘Still holding the price against further increases. 🦘Support zone remains...
$XAU - Gold - Where to next?! We've got whole load of US Data and ECB as well, this could play either direction Currently we are within this pattern in play, you could even think of it as H&S brewing. This morning its a DXY move, we've had majors decline and precious metals. This could decline further if the bears gain further control. However, if we go above...
Hey traders, in today's trading session we are monitoring AUDUSD for a selling opportunity around 0.68 zone, once we will receive any bearish confirmation the trade will be executed. Trade safe, Joe.
Hey traders, in this week we are monitoring EURUSD for a selling opportunity around 1.064 zone, once we will receive any bearish confirmation the trade will be executed. Trade safe, Joe.
For me Gold looks bullish. did took a nice sell just before. now looking for long so that we can come up and fill the Asia Range that moved the price to the down side. Also we have an OB on the 1 min chart. What do you guys think? Please leave a like and dont forget to comment your opinion!
Price has given a perfect rejection of the 61.8 fib level and has made a higher high with a bullish engulfing candle. Perfect Buying Opp as the DXY is also rising. Here is the play I will be taking on this pair: Entry = 136.566 Stop Loss = 135.495 107 pips Take Profit = 138.859 229 pips This is a swing trade.
💶💵EUR/USD Continuing Declines In The New Week 💶💵The EUR/USD at the opening of the trading session today is still continuing the direction taken last week. 💶💵There was an attempt to attack the resistance zone, but we went down again very quickly. 💶💵The support zone remains unchanged is the 0.236 level of the entire down-to-the-high wave. 💶💵Looking at the...
#EURUSD ( Euro / U.S Dollar ) - BEARISH Channel - SYMMETRICAL Triangle - RISING Wedge - BREAKOUT , RETRACEMENTS - REJECTION - S / R Level - E WAVES - FIBONACCI - RSI Divergence Resulting in Short Term Buy and Long Term Sell
The USDCHF pair confirmed our bearish signal more than a month ago and broke below the 1D MA50 (blue), 1D MA200 (orange) and 1W MA100 (red trend-line) in succession. While at this, it broke below both Higher Lows trend-lines that started on the January 06 2021 market bottom, thus confirming the long-term shift from bullish to bearish. The emerging 1D Death Cross...
USDCHF - Intraday - We look to Sell at 0.9368 (stop at 0.9393) Current prices have reacted from a low of 0.9215, however, we expect further losses to follow. Early optimism is likely to lead to gains although extended attempts higher are expected to fail. Previous resistance located at 0.9365. Our short term bias remains negative. Our profit targets will be...
EUR/USD Starts a new bearish impulse inside a bearish channel after a retest on the resistance area around 1.06600 where the price rejects the bullish bias for a new bearish setup. We are looking for a short continuation.
EUR/USD is inside a bearish channel, after the progressive recovery of value in the last sessions, the price is struggling to grow more and a new bearish impulse it's ready to the corner for the EUR. Our forecast for the end of the year is about a comeback on the bearish side for this value.
NZD/USD in the last sessions change the trend and today the price is trying to recover some value in the area of 0.6400 where a resistance plus the Fibonacci Levels may give to the price the right place for a pullback in the direction of the Bearish trend. The stochastic is in an overbought Area plus divergence and our Idea is about a new Bearish impulse.