Hello guys, a lot of analyst (me including) are too often focus on the 1h/4h or at the best 1day chart, which is good for traders but don't really show us where we are going. First of all I would like to call back that correction and especially the biggest are HEALTHY and are a good opportunity to invest or strengthen a position. This chart is really simple,...
We're still in Waves C of the market i think there're still a high chance price 'll bounce back and moves deeply in downtrends. I'm not interest in buy at this moment. I'll update this chart daily when we have more data
NZDUSD Hit Weekly Resistance to Enter Long Term Sell @ CMP 0.7124 NZDUSD SELL @ CMP 0.7124 Stop loss - 0.7220 Target 1 - 0.7020 Target2 - 0.6920 Target3 - 0.6820 For NZDUSD Forum Discussion: NZDUSD Technical Analysis Forum
Disclaimer: Anything that I say is my own opinion . I have been doing my own personal research and believe that Ada is an excellent investment. After following it for a few weeks I made a small investment. Any money that you invest is your responsibility . Do some research and learn about the currency yourself before putting your hard earned money into it....
Ripple is building a massive flag on the weekly chart! Considering that coin is backed up by banks, I do not see that being a bearish one. ADX is set up for being bullish. Green is already above red and both go parallel. If green crosses now the signal line and the signal line goes up as well, we have a bullish confirmation. If MACD is going north and crosses...
Good conformation given by weekly candles. Always trade the best setups friends.
Bearish Kangaroo tail (pin bar) formed on the weekly chart. Target will be around 1.65700.
CrudeOil FX_IDC:USDWTI is in a big consolidation. Currently price is showing support to try and move higher out of the consolidation. Does it continue higher from there? That's not totally clear at the moment. What I do expect is price rally up into 54.00 over the next two weeks. With some strength 55.20 is also a likely target. Note: All ideas shared here...
EURUSD bulls look ready to capitulate following an impressive run so far in 2017. The 1,750 pip rally that began with the January 3 low is the longest since before the mid-2014 landslide that cost the pair 3,500 pips. We’ve been following this ascending channel (see chart below) for more than a month now. The bearish pin bar that formed at 1.2040 was the first...
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