PAX gold is bearish as the overall trend obviously shows it and it crossed dynamic support plotted in the chart so its going to be either neutral for next days or bearish, no signs of bullish for now so still not profitable as we expect
It is clear by now that the Gold fantastic dreams of going to the moon in 2020 as the safest heaven asset are proven to be incorrect. Investors are heavily invested in the stock market and digital assets profiting from all the new printed money that is pouring in.
For many investors, Gold is the easiest asset to liquidate from their portfolios. Selling gold to...
Last week, we had shared our trade ideas with our community(check the link at the bottom), for traders who had missed the opportunity could wait for the retracement back to the bearish trendline for a shorting opportunity. In order to do that, you have to make sure that the candle does not break and close above the red trendline.
Here's a look at the DOLLAR / YEN that has been trading in a descending channel structure with some spikes here and there, the pair just broke a significant support level structure looking for a pull back as the pair is over sold on most indicators the 38.2 % Fibonacci is aligning perfectly with structure which is our previous support now...
NZDCHF is currently in a good short-term uptrend, with the price that is just breaking another area of resistance, setting a new 12-day high.
If we have a closer look at the price action, we can see that the setup of the moving averages is slowly turning bullish and the price is also breaking last moving average, the long...
As the green moving average passed the blue moving average on a downtrend, we are looking to sell USDCHF. Normally, I dont trade this pair, just looking for opportunities in the market.
TP: 0.9110 OR BELOW
D1 - Potential double wave down.
While measuring the first wave we could see that the price still has room lower towards the 61.8% fibonacci expansion level.
H4 - We have a magnet zone formed by the 161.8% fibonacci expansion level of the H4 first wave and the 61.8% fibonacci expansion level of the daily first wave.
Price still has room lower towards this...
Hello, in this little analysis of macro-trend on monthly timeframe, we see the weakness of the Australia Dollar and I estimated that we are in the descendent triangle, that is a bearish chartist and then, we continue bearish from the year 2011, that cause an Australia's economical reccesion.
So, our target and objective that we could to see is the $0.87...
SHORT WHEN REBOUND UNTIL 2770 HIGH IS BROKEN...
resistance : 2670
higher resistance : 2700
previous high ; 2770
lower support : 2560
current support : 2625 - 2630
Comment: WARNING : this is juz a trading idea... thr is no indication of buying nor selling...this is juz my personal trading journal, trade at your own risk!
not looking gud for fkli as more lower-highs are formed in hourly chart...IF the breakout of 1486-1490 happens, we shall see more selling pressure...the gud news is, june is " windows-dressing" month...so probably we will see some uplift during the last few days of the month..
immediate and critical support : 1486-1480
immediate resistance : 1515 - 1520 ...
do not trust #BITCOIN #BTCUSD market manipulations,
THE truth is big drop incoming, that is the real technical analysis.
get ready to by at the price target on the chart.
GOOD LUCK and GOOD TRADES,
Thank you for trusting
Technical Analysis is lining up with Fundamentals. America is currently under a Crisis. Price has failed to break above 9593. Due to the uncertainty of the re opening of the economy and another potential 2nd wave of Covid 19 and with violent civil unrest. I see price failing to make another higher high and continuing to make lower highs for the NY session...