As seen on the chart, GBPUSD has hit support and I expect it to bounce back up. RISK: Medium to High Why: Because the candles at this point are still weak and it has hit the support before the trendline, which could indicate that it's not going to follow the trendline anymore, or it could go back down hit the trendline then bounce back up.
As you can see, we have a strong reason to believe that AUDCHF will go down soon. I will provide updates in the next couple of hours.
The panel on the left shows you an ETH chart, and the one on the right shows you the RSI and volume. RISK: MEDIUM I personally don't see ETH going back up, it wouldn't make much sense for it to keep going up without at least a tiny drawback, considering that it isn't driven by anything in particular to go up, the volume seems to be not corresponding with the...
As seen on the charts, on the short term (1D), it seems like AUDNZD is going to have a drawback, but on the long term (1W) chart, it looks like AUDNZD is going to continue the trend that has been developing for a while now - I don't see a reason to why it would break that trend.
As you can see on this chart, a falling wedge has clearly been forming since 2018 - It seems like we're nearing the end of this falling wedge and if all goes well it will squeeze up giving up plenty of potential to make money.
This is an insanely important time that you should monitor with bitcoin as your ROI on Bitcoin could be massive if you decide to go in. The next couple of days are going to be essential to see where bitcoin goes, and they will shift the whole crypto market. I will be monitoring BTCUSD on a daily basis and seeing what happens.
As seen on the chart, XRPUSD is at a very vital point right now and the movement it will take in the next days will be absolutely vital to seeing where it will be going. You need to keep XRP on your watchlist as it could be a GOLDEN opportunity soon!
As seen on the chart, there is a couple nice things telling me that we could see AUDCHF go down a bit, and possibly even complete a Inverted H&S before we see a trend reversal. The pair is currently at a 10 year low so keeping a close eye to it will be important.
Right now it seems like time that we could see USDCAD go down in price. We need a bit of time for confirmation before I would start selling myself though.
Be aware with this trade as this is a bit of a higher risk one, there are definitely some bullish signs I spotted, but I believe it's going to go down before going back up because it could not break the neither tradeline to get back in, nor the resistance right next to it.
Is this a possible trend reversal we're doing on AUDCAD?