GBPUSD recent upward move actually retests the current downward move. There is a strong resistance lie that will attract sellers again. So this momentum will continue towards 1.36600.
Bullish Indicators: Support Zone at 1.42936 Bearish Indicators: Resistance zone at 1.44824 Fib level 23.60% Plan A: One can take a long position on the breaking of resistance zone of 1.44824 Plan B: One can take short position on the breaking of support zone of 1.42936.
DOGECOIN has given a breakout on the Daily Timeframe and is currently testing the 0.28 level. A successful retest of this level will result in the price going upwards till 0.35 first and ultimately 0.45.
Bullish Indicators: 1) Support zone at 154.775 Fib level 38.20% Bearish Indicators: 1) Bearish Engulfing candlestick 2) Resistance zone at 158.209 3) Downward trend 4) LH LL Plan A: One can take a short position from here for the target of 154.775 and 153.714. Plan B: On the breaking of resistance zone at 158.209 the pair will become bullish once again and...
EURAUD is move upward and hits the short-term ceiling area. Now on retesting its support zone we can expect an upward move towards the 1.55-1.5550 area. There is also some bullish divergence which compliments this argument.
Bullish Indicators: 1) Support zone at 1.5243 Bearish Indicators: 1) Bearish Engulfing candlestick 2) Resistance zone at 1.16713 Fib level 38.20% 3) Downward trend Plan A: Continuously rejection from resistance zone at 1.16713 Fib level 38.20% the pair will likely move towards the support zone at 1.5243. Plan B: On the breaking of resistance zone at 1.16713...
Establishing Bullish formations and eyeing towards 8.8-9.2. It needs to break and stronghold above 7.15 in order to achieve those upsides. On downside 6.2 followed by 5.8 are likely to limit any fall.
Currently trading in a higher Timeframe ascending channel and reaching a critical resistance level at around 0.75500 where the confluence of the channel top also lies. Seems like it might just be a matter of time before we see the pair struggling to move further up. Good luck!
HTF analysis shows a break of a bearish Trendline and a possbile retracement down to 1.37000 where a retest of support and trendline might push it back up strongly. Alternatively if it breaks below then we can look to enter around 1.36000 where an inverse head & shoulder pattern will also be completing.
Price needs to break above 12 and hold that level to establish next targets. Once sustained Sushi is likely to move towards 13.5 followed by 15.20 as next upsides. 10.35 is likely to limit any fall.
AUDJPY downtrend corrected itself and move upwards to 61.8% retracement level where a support zone also lies. If it rejects from that area we can expect a projection from the AB=CD pattern towards 84.400.
Price breaking out of a Sym. Triangle on Daily. Further breaking above 4.20 would accelerate the move towards a quick 6.5 and towards ATH. On downside 3.82 is likely to act as a decent support now.
If ICP can manage to hold the support zone. We can expect Price to move towards the higher resistance levels around 52.30. Once ICP manages to break and sustain above this then a much bigger and stronger move could be seen towards 75 followed by 88 next. However, if Price does not hold the support zone then we are likely to see 32 and 26 once more.
GBPAUD attracted the buyers at a confluence area of strong support, where we can see an AB=CD harmonic pattern completion and trendline. So we can expect an upward move towards 1.8600. On the flip side, the breaking of this trendline could further drop towards 1.8100.
GBPNZD is currently at a critical support and has touched the bottom of a falling wedge type formation on a Higher Timeframe. We can potentially see good upside this week and our targets are 1.94000 (initially) and 1.96500. Good Luck!
ETH stuck between a range of 4160 and 3980. ETH needs to break above in order to target 5k zone. However break below 3980 on hourly basis would open 3850 initially followed by max downside around 3550-3450.
CHFJPY'a upward move has tested a confluence zone where a strong resistance area and parallel channel top are aligned. In addition to this, the 61.8% Fib level stands firm as well. A possible downside move would be expected towards 122.60 followed by 121.00
CHFJPY in one-hour time frame showing some bearish Divergence on RSI. It could correct itself towards the nearest support zone 122.00 area having fib level support of 38%.