EURAUD has touched the bottom of a descending channel and completed AB=CD at around 1.58000. Keeping in mind all the confluences that are aligned, the upside move from this price seems highly probable.
AUDJPY is in hovering around the 81.00 price point. For the uptrend to resume, the bulls need to step in and a daily close above 81.40 is required. The first target would be around 82.00 and a breach of this level will extend the next target to 82.40. On the contrary, a close below 80.46 will hand over the charge to bears where the first support would be 79.90
Bullish Indicators: 1) Bounced from the upward trendline 2) Support zone at 76.5 3) Bounce from FIb level 50.00% (76.108) Bearish Indicators: 1) Resistance from the downward trendline and zone at 78 Plan A: One can buy from here for the target 77.7 or towards the downward trendline Plan B: On the breaking of ascending trendline one can sell for the target of...
ORNUSDT ORN has established a firm support between 7.70-7.50. Once it breaks above the falling resistance around 9.80 it could become aggressively bullish with 11.90 as initially target followed by 13.10 and eventually 17.
LINKUSDT LINK showing signs of strength and likely to head North towards 30. LINK can extend gains towards 31.50 as AB=CD Pattern Target. One can look to build positions as 25.50 acting as major support now.
The pair is expected to give a little upside towards 0.74400 from where downside is expected. The confluences of Bearish Trendline, Resistance and completion of AB=CD seem to line up very well and we are expecting this to play out soon. Let us know what you think in the comments below.
Bullish Indicators: 1) HH HL 2) Upward trend 3) Taking Support from the lower trendline Bearish Indicators: 1) Resistance area at 88.698 Plan A: On the bounce from the lower trendline one can buy for the target of 88..698 and then for the 89.795. Plan B: Failure to take a support from here one can take a short position for the target of 87.157.
Bullish Indicators: 1) Trading in Support zone 2) Bounce from the lower trendline Bearish Indicators: 1) LH LL 2) Resistance area 1.7114 3) Currently trading in downward channel. Plan A: On the bounce from the lower trendline one can buy for the target of 1.7114 or the upper trendline. Plan B: Failure to take a support from here once can take a short position...
BTC.D Weekly View Bounced of a major support but is still weak as long as it trades below 52. Currently in a bear flag formation and will eventually target 25.25. However if it manages to climb above 52 and holds that region then we are likely to head towards 58 initially followed by 61-63 region. For alts to perform Dominance needs to break further.
USD/CHF continues to trade within an ascending channel. Intraday bias is bullish and as long as 0.9214 support holds, the further upside can be witnessed. A break of 0.9360 will solidify the upside bias and we can see it move to the resistance at 0.9470. However, a break of 0.9214 will drag the pair down to the support level of 0.9000
As mentioned on our previous idea regarding DXY , it seems to have taken support from 93.60 area and is currently sustaining around 94.0. For traders who have a good risk tolerance, an attempt to go long can be made here with a stop-loss of 93.60 which also happens to be the low of the day.
Bullish Indicators: 1) Bounced from the upward trendline 2) Support zone at 1.86056 3) Bullish engulfing Bearish Indicators: 1) Descending trendline 2) Resistance at 1.87723 Plan A: One can buy from here for the target of 1.88459 Plan B: On the breaking of upward trendline one can sell for the target of 1.85340 where the major support lies.
Bullish Indicators: 1) Bounced from the upward trendline 2) Support zone 3) Followed by the three white soldiers 4) 78.6% Fib Retracement level Bearish Indicators: 1) Descending trendline 2) Resistance at 0.87890 Plan A: On the breaking of resistance level 0.87890 and downward trendline one can buy for the target 0.88535. Plan B: On the breaking of upward...
UK100 is currently consolidating at what seems like the apex of a converging triangle. A breakout towards the upside seems imminent. Other confluences that compliment the move to the upside are trendline support and 38% Fib Level. On the flip side if it fails to break above then it can drop towards 6900.
Consolidating in a converging triangle and seems ready for another bullish rally. Price needs to break above the falling channel to trigger a breakout towards 9.40-10.45 initially followed by 11.90. However breaking this would open new All Time Highs for this coin. Downside should be limited around 6.30-6.15
ADA witnessed aggressive profit taking after touching the $3 mark which also happens to be a psychological level. After a corrective phase which happens to resemble a converging triangle it now looks ready for the next impulse upwards. An hourly closing above 2.35 would invite bulls to take charge again to take price up to 2.80 and 3.00 initially. On the...
USDJPY has recently touched the channel top after a strong and extended impulse upwards. It is currently consolidating around the 111.000 area. Expectational orderflow is towards the downside, a wise choice would be to enter after a break and retest of this level.
The GBPUSD dropped from the 1.36397 level yesterday. Two possible scenarios can come into play now, If it breaks this resistance area of 1.36000 (Previously a strong support) and sustain this level then it can further move towards 1.37000, But on the flip side confluence of Trendline, resistance zone and Fib 0.38% level can drag it down to 1.35500 where bulls...