Taking a closer look at the Bitcoin ( BITSTAMP:BTCUSD ) weekly chart, the following interesting observations deserves some consideration: BTCUSD has been in a very strong bull trend this year, making higher highs and higher lows So far we haven't seen a break of this pattern of higher highs and higher lows this year - this is especially evident on the...
Looking at the shorter time frames there are some long opportunities but looking at the bigger picture (W) the bias remains strongly bearish . Therefore any long orders should be very short term. We can see that the pair now is encountering some resistance (Area highlighted in Grey) which is why I expect a minor pullback before the bigger downward move. We don't...
We have been tracking this ascending trend line on the AUDUSD for several weeks. The first mention was on September 14, just days after the bearish pin bar formed at 0.8065 resistance. Then on Thursday of last week, the pair closed the session below trend line support that extends from the June low. This confirmed the break and established a potential selling...
With the way things are currently progressing for the EURUSD, we could see a third retest of the 1.1875 handle as early as this week. Buyers will likely make another stand especially considering channel support which lies just below 1.1875. However, I’m not interested in buying here. I remain short based on the failed attempt to break 1.2040 on September 8th. If...
The British pound initially fell during the week but found enough support at the 1.2850 level to turn around and form a hammer. I believe that this market is going to continue to go higher, and a break above the 1.3050 level is that signal. At that point, I believe the market can go looking towards retest again 1.2850 /1.2800 and then we can see rally towards...
The EUR/USD pair jumped to 1.1979 following the release of the US Nonfarm Payroll August report. The pair however, changed course quickly on headlines reporting that the ECB won't be ready to taper QE until December, which seems a desperate move to keep the pair below the 1.2000 level. Now struggling around 1.1900, the 4 hours char shows that the pair was unable...
USDJPY prices may continue to fall. Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger USDJPY-bearish contrarian trading bias. We can see one more rally before falling.
wait the price action for short
With UJ finishing out the week bearish and all trade Take Profit hit at 109.05, I took a fresh look at this pair from the monthly down. Monthly: Showing signs of bearish engulfing candles and MA's crossing over which indicates structure break. Weekly: Bearish engulfing broke structure and made a retrace wick up to a MAJOR weekly level @ 111.000. Be observant of...
We should wait and see that level breaks and then we can go in, at the moment price will be down and retest that level on the map shown and then we expect to comes up!
Could see another equal measured swing to the downside from the swing that happened end of 2016 until May. Looking for Price to fall to 123.00 - 123.25 . This is a very long term bias but i see Dollar weakness for the next couple of months .
as we can see, this channel reach new record high for this year at 1.3114, and still at channel up trend. But its almost reach channel up pattern resistance level. So the best option for this week are waiting for small retracement, and enter long at CSR (1.2976), with target at 1.3290 Use stoploss at second CSR bellow 1.2818, aim for 300 pip with 2 RR ratio will...
US$ Index may BULL after a harsh fall last week.
There is a possibility that GOLD may Fall in the upcoming week if only US$ gets support which is now in a good demand zone.
MaidBTC shows good profit near future- fibo and channel-weekly analyses
As we can see on NZD/USD Chart Price Is gonna hit 50% fib level there's a possibility that the price will bounce or gonna go dip to the down trendline so watch out and happy trading. DailyFx Forecasts Trend is up Volatility is 15% News Kiwi is bearish USD Is netral Like and follow for more
As we can see on CAD/JPY Chart there's probably a channel on play so there a probability on breaking those channel but the overall trend is up and the price already bounce from 38,2% so watch out and happy trading But there's a catch on fundamental DailyFx News Both CAD and JPY have a bearish news Canadian Dollar: Poor Jobs Data + Weak Oil = Further Slippage BoJ...