the daily chart of this market will experience with a very high probability a downtrend in the next few days but at the same time it is better to be vigilant of the change towards the opposite direction of the market
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I present to you a technical analysis of a very important market and the graph shows that there is a high probability that the market will experience an uptrend in the next few days with preservation preserving a low probability that the market will go back down until 'to 137.40
therefore it is advisable to buy more than sell
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After a spike to $7800, Bitcoin recedes to consolidate around $7300 - 7400 level, which also coincides with the Pivot point and heaviest trading volume range.
As the price shows no major movement during the daytime with subdued volume. Most likely, Bitcoin would continue zig-zag for some time then decide its direction. The next movement would be an intermediate...
This is exactly why I stay short until we break the upper black trend line to the upside. I would rather buy with confirmation of a break from the range-bound trend to a bullish trend before buying.
Continue the move to the apex. If it breaks lower I wait. If the upper trend line breaks I buy.
Same old Same old… not much change on this chart at all.
This market busted through a near-term dotted trend line to the upside, but the needed momentum to back it up has dried up. The Average Directional Index (ADX) line was trying to turn higher to show some trend strength building, but has fizzled out a bit. The directional index lines are all knotted up and...
AlphaBet With One Bound It's Free - Buy the next dip
That massive triangle has finally been broken above with one
giant leap across the border - incredibly bullish for Google and
therefore for all world markets.
A major buy with stops below 1042 line and upside at 1180.
Same with SandP - pressure lifted. No war, as the chart was
predicting - a nice RHS on...
Our pair has gone beyond the descending channel and is currently demonstrating growth. Against the backdrop of investors' expectations that the interest rate will be raised at the next Fed meeting, investors are returning their interest in the dollar.
Given that our price has received a new upward support line we can expect further growth in the pair. In case...
In connection with the prevailing trends in the markets, the dollar continues to decline relative to the basket of major currencies.
That is connected with some political risks, and also it is confirmed by a technical picture.
Our pair has a formed downtrend and at the moment we have moved away from the upper boundary of the descending channel.
Thus we advice to...
EURUSD continues to range this week resting at or near support on the daily chart. Since it has no clear direction of higher or lower closes I remain standing aside until the market picks a new direction.
Recommended trading action: None.
Coca-Cola trades in macro range - on 5 and 10 year basis.
Price is now currently trading between 2 key levels. The lower level is 5-year (260 weeks) mean. The higher level is upper 1st standard deviation from 10-year (520 weeks) mean.
Price trading within 1 standard deviation is not trending, thus the range outlined above is lateral.
On short term basis,...