Clear downtrend, clear Head and shoulders, clear daily resistance.
3 strong confluences for selling, add that to the fact the FDA approved the vaccine on Saturday AM and we should see a bearish week for gold especially with no stimulus in sight until 2021!
". There is a possibility of temporary retracement to suggested support line (18513).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
. BTCUSDT is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic...
USDJPY is trading in a strong bearish trend .
The price is falling in a major falling channel for a quite long period of time.
However, since November the price is in consolidation.
The market is stuck within a 103.7 - 104.7 horizontal decision range.
While the price is inside, the future direction of the pair is...
A Trading Signal is seen in the GBPUSD Currency Pair.
Traders can open their Sell Trades NOW
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. There is a possibility of temporary retracement to suggested support line (0.75). if so, traders can set orders based on Price Action and expect to reach short-term targets.
. AUDUSD is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
After analyzing the chart, I came to the conclusion that the trend of the uptrend in BTCUSD will continue to move towards the renewal of the historical maximum, as well as consolidation higher with subsequent growth.
There are 3 trend lines on the chart:
1. The purple trendline is a mirrored trendline of both support and resistance, giving us insight into the...