Crypto Market Cap, BTC/USD, ETH/USD, USDT/USD, XRP/USD, Bitcoin
LAND SECURITIES GROUP PLC ORD 10 2/3P, BURFORD CAPITAL LIMITED ORD NPV (DI), SMITH & NEPHEW PLC ORD USD0.20, BIDSTACK GROUP PLC ORD 0.5P, LLOYDS BANKING GROUP PLC ORD 10P, BARCLAYS PLC ORD 25P
FTSE 100, DAX Index, Euro Stoxx 50, S&P 500, Nasdaq Composite, Nikkei 225
US 10Y, Euro Bund, Germany 10Y, Japan 10Y Yield, UK 10Y, India 10Y
USDOLLAR short entry. The exchange started copying a falling fractal. The primary target price is 12351usd
The exchange rate has entered a correction phase. The correction was triggered by MA (100) levels. I expect the correction level to be 12410 usd. Turning from this level, I expect a further decline. The target price for the decline is 12257usd.
Currently a triple fractal sequence is being formed. The rectangle (blue) of these fractals is shown. I assume we are currently in the third declining fractal range. The target price for the decline is 12257. I note that EURUSD may then be around the 1.1215 level.
The exchange rate does not follow fractal rules for the time being. Therefore I used ATR axis strategy. The white ATR axis indicates that the exchange rate movement is strengthening towards the south. And the green and brown shafts are the standard MA100 and MA200 shafts. Currently, the intersection of the MA100 mirror axis and the ATR mirror axis has stopped...
The analysis shows that the linking axis of the ATR value taken at 3 points began to decline. It can also be linked to a three-point curve. This leads to the conclusion that the exchange rate is slowly moving to a reversal and starts south. If my idea is correct, then the target price is 12171.
Dollar index broke a key monthly support level last month and is currently trading below this monthly resistance on bigger timeframes. In this setup, I see a bearish pull back on the daily time frame and a good time to buy other currencies and gold as they are all on their pull backs as well technically.