DXY touched a critical support trendline formed from the Feb 2018 and Jan 2021 lows,
and is now hovering just above that line.
Also, at the end of Mar 2021, DXY was rejected at the 300 EMA,
which was previously a significant support :
Now DXY is in a tight spot between the descending 300 EMA and the critical support trendline.
I think that the next few...
Hello guys,
We are seeing a slight reversal in the BTCUSD trend since we touched $28,800 during the Asian session.
All eyes on the $32,000 horizontal level - previous support on the daily timeframe, now could be te turned into resistance in combination with the 4-hour chart 200-day EMA.
If surpassed, then this will open the door for recovering to the $34,800...
As you can see the 20 EMA crossed the 50 EMA last week. If at retest BTC is unable to breakout above the pink 20 EMA here then that would be a signal to sell
GBPJPY is nearing the PRZ of two bearish harmonic patterns. The PRZ is tight at about 4 pips and falls in a nice S/R zone. EMA100 may also add resistance in this area. There has also been a slight bearish trend preceding the patterns to add to the bearish bias. Entry is placed at the base of the PRZ with SL above structure highs and target at .618AD.
...
