Price has remained in the bearish channel since mid June. Price tested key support yesterday, where price rejected a bearish breakout. The current bearish trend could be attributed to the recent jump in the oil price. Scenario One (Rebound): Price rebound from key support, continuing to move to the upside. Scenario Two (Bearish Breakout): Price breaks...
The USD index has been testing major support for almost a day now, as markets wait on three main event risk. These events include ECB rate decision, Trump EU trade talks, and the much anticipated Q2 US GDP. Scenario One (Rebound): Price rebounds from major support Scenario Two (Bullish Breakout): Price sharply falls below support, look for price to...
Last week price tested key resistance where price rejected it. Price has then fallen sharply testing key support as seen in the chart. The sharp changes in price could be attributed to volatility regarding upcoming high event risk. These events include, Trump EURO trade meeting, ECB meeting, and the much anticipated US Q2 GDP report. Scenario One (Bearish...
Price has been in the triangle since mid July. As indicated in the chart, price is currently testing major key support. Since price is almost finishing the triangle structure, we could see a sharp change in price to the downside in the coming days ahead. Scenario One (Bearish Breakout): Price breaks through major key support, look for consolidation in price...
GDP broke through key support as seen in the chart a few weeks a go. Since then price has tried to push back above the resistance twice. Still looks like price could fall further, testing key support first.
Since price tested resistance of the triangle structure, price has been in a bearish channel.
Stocks are rallying despite trade war/capital war looms. Nevertheless, price is stabilizing and consolidating near the resistance. Furthermore, price looks to be entering into an arc structure. Scenario One (Bullish Breakout): Price exits the arc structure, heading to key resistance. Scenario Two: Price falls, potentially to key support in the long run....
Price has remained in the bearish channel since September 2017. Now we can see that price broke through the key resistance of the bearish channel. Look for consolidation in price above the resistance for the bullish breakout to be confirmed.
Price has spent the entire Monday, July 23, testing the major key support as seen in the chart. As market continues to digest trade war/capital war, volatility is expected to increase. Scenario One (Bullish Rebound): Price rebounds from major support to key resistance (once key support) Scenario Two (Bearish Breakout): Price breaks through major support,...
Since price tested key support at 1.5170, price has since jumped to 1.7500. The sharp jump is mainly due to the recent fall in the dollar as trade fear weighs in. Therefore, we might see a lot of volatility this week as the market is still digestion trade war/capital war. Scenario One (Bearish Breakout): Price falls below the first key resistance Scenario Two...
Price has broke through short bearish channel. Look for consolidation in price above $7600. Otherwise, price could potentially fall back down to the bearish channel as support level.
USOIL saw a quick jump on Friday, as the dollar falls, only to fall again by the time the market closed. The main theme here is that the market is still digesting Trump's announcement on tariffs and over all trade war concerns, on how that will affect the demand for oil in the coming months. There is also a concern regarding over supply. This is evident by the...
On July 7th, price rose more than 20% in less than 48 hours. Where price has managed to break through key resistance and went even further to hit $7700. Price has since consolidated in a narrow range, trading between $7550 to $7250.
Price has rejected the bullish breakout and now trading at key support. Look for price to break key support pushing lower to the key support as seen in the chart.
Price rejected the bullish breakout from the bearish channel three days ago. Since then price has fallen from $515 to as low as $440. Now price is trading just above the key support, where price remains in the bearish channel. Thus indicating that the market view on ETH is still bearish for the time being. Scenario One (Bearish Breakout): Price will test key...
Despite the recent jump in cryptos across the broad, the bears are not over yet. For a true bullish market to restart usually, the market generally major lows or in this case key support.
EURUSD has remained in a triangle structure since June. The triangle structure is reinforced by two key supports and two key resistances, as seen in the chart. Scenario 1 (Double Bullish): Price moves to first key resistance, then the second resistance. Scenario 2 (Double Bearish): Price falls back to first key support, then the second support. Scenario...