This one is approaching a very critical zone where 2 trendlines meet in a point. This gives us a chance to think about a sell since we have so many resistances. Will it go as we are looking, time will tell !
This one is diving inside a resistance zone while hovering around a non-horizontal support which gives us insights on a potential selling opportunity if the price manages successfully to break the trendline. It would be better if a 3rd confluence can be spotted such as a double top or a head and shoulder pattern to add more confirmation on this one. Until then,...
Following the FOMC, US stocks went agressively down with the Gold and the EUR. However, a recovery is always expected on the S&P500 as it is on any index fund such as the russel2000 which also has seen a big downward movement. Technically, a second rejection can be expected on the strong round 4200 support forming a double bottom pattern adding more confirmation...
ADA is currently in a bearish trend approaching to a critical support level. Here's some possibilities: Scenario 1: Fake Breakout And then we will be searching for buy opportunities Scenario 2: A Continuous Down Trend And then we will search for sell setups
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LTC is approaching to an uptrend line that has been forming for a couple of days. The question is: Will it break the line or is it just a 3rd retest to make this one valid ? Altcoins have been for the past few days overall bullish following the major cryptocurrency: Bitcoin. The market will decide the fate of Litecoin. As for you, are you going to choose the ...
On the DE30, price has been ranging inside this wedge since many weeks without any success to go out of it. Now, as the path becomes narrower, it's time for a real battle between the buyers and the sellers. The buyers of course have a higher winning ratio since the world is recovering from the covid-19's pandemic that has drastically hit the industrial sectors in...
On GBPNZD, H1 timeframe, price is forming a trendline as it's hovering around a strong resistance level. The price had 2 rejections forming a non-typical double top as the two red dots aren't 100% parallel. Meanwhile, until the trendline is broken, this one is still bullish.
Price is retesting our non horizontal resistance that can now act as a support. Moreover, we are around a support zone and our 100-MA on the H1 was broken earlier today. Will the buyers win this one or the sellers are still in control ?
Price is hovering near the 1.22 resistance and a possible head and shoulder pattern can be formed in the upcoming hours. The CPI will of course play a huge role into it, knowing that if the result is better than expected, then this EURUSD will be a great opportunity for a short position. Until then, waiters are winners so trade safe and best of luck !
This one rejected our support at 15000 forming something similar to an inverse head and shoulder and a double bottom so this one is overall bullish. The price is now retesting the MA200 on H1 and the support. Is it time to buy ? YOUR DECISION !
Following the world economic recovery, FTSE is now in a bullish cycle and here's our view for the upcoming days: 1.LONG : If the price retests the lower trendline and forms back a green bullish candle on the H4 timeframe, a Long position can entered there. And when the price reaches the green doted line, an additional Long position can be entered with more...
On EURJPY, price has invalidated our previous analysis by almost reaching the top of the A-corrective wave, so here are our 2 possible scenarios: 1. Up then Down: Price can reach the resistance (130) then dive downward and break the down trendline. 2. Wave Respect: Price can still validate our previous analysis if the A-wave isn't reached by the B-wave and...
On LTCUSD, a correction (4th wave) can be expected after reaching our respected non-horizontal trendline. If the price goes into a corrective phase, then our Long-position Trigger would be around our support, (200-205) levels, and it will be the beginning of the final impulse of this 3rd motive wave. And if the price breaks the ATH, we can BUY with more...
On NZDUSD, price went into a bearish trend. One final bearish impulse is expected as we are targeting the support levels. Nothing else to mention, so wait for the trigger and Trade safe. Best of Luck MacroForex
On EURJPY, currently the price in the corrective phase as it is ending it's A wave. A sell opportunity is clear since the price is around a resistance level. Let's wait and target our next trigger at the opening of the market. Trade Safe and Best of Luck ! MacroForex
S&P500 has entered a new bullish cycle and is now in the 1st motive wave. After reaching the resistance price can retrace back into its 2nd corrective wave and possibly reach back the previous support before heading into new highs with the 3rd wave. This is the most likely scenario that can have place. Get ready for the upcoming week so you DON'T miss the Long...
On USDCAD, bullish scenarios are more likely to have place in the next few days: Scenario 1: The upper trendline is valid and the price is sitting around a support so if it breaks it upward, a Long position can be entered. Scenario 2: A less risky possibility could be that the price will dive in the zone one last time before breaking the upper trendline for...