I see a perfect bullish convergence of 3 technical indicators. The technical outlooks is supported by a current fundamental sentiment and the fact that the pair is trading in a long-term bullish trend. I assume that the pair will keep growing. Target level - 2.0866 Please, support my work with like!
EURCAD violated a very strong supply cluster this week. After a long lasting bullish accumulation, bulls finally confirm their presence. I anticipate a further continuation next week. Target level - 1.462 Please, support my work with like!
Nike has lagged the broader market this year. Some traders may see an opportunity to push the downside, especially with weak quarterly results and slowing growth in China. The first pattern on today’s chart is the 200-day simple moving average (SMA), which the footwear stock broke in mid-May. It tried and failed to reclaim it last month – a potential sign of the...
I shorted EURNZD. It is a trend-following trade that is confirmed by a bearish breakout of key support. Entry - 1.755 Stop - 1.7633 Target - 1.742 Good luck, guys!
USDCAD is trading in a long-term bearish trend. At the end of June, the market started a correctional movement, after it successfuly completed a bearish impulse. Analyzing the price action, it feels like the correction is finally over. I expect a bearish movement next week. Target Level - 1.3135 Please, support my work with like!
BNBUSDT is still interacting with the neckline and is about reach the peak of this reaction @ 88.6% Fibonacci retracement key level for adding to shorts.
BNBUSDT is about to fill the corrective a-b-c retrace. After the last target reached, I'm updating this chart with potential targets based on demand zone for the next short position. An impulse wave downward can be expected. Fisher Transform oscillator on 4h-time-frame was added to speculate a price-time correlation.
PERLUSDT is igniting an impulse wave in reaction as the price bounce inner a broadening structure, in a micro triangle breakout. Fisher Transform bullish crossing is suggesting the direction in time correlation. Aiming 5% upward wave-iii.
Bearish trend will continue on Gold. The price set a new lower low violating the previous one. Technical indicators are also bearish. Goal for sellers now - 1903 Please, like my post!
Dollar Index will remain bullish next week. I see a new higher high higher close on an hourly time frame and a consequent retracement. After the completion of a local correctional movement, the Index will grow! Target level - 103.152 Please, support my work with like!
BNBUSDT is heading a potential downward leg to complete iv-wave of this channel. On the 4H chart we can see a strong bearish correlation between the price action and Chaikin Money Flow bearish divergence, in which we have a c-wave failure case. The next demand zone is confluent with the Fibonacci retracement projection.
BTCUSDT just made a peak accomplishing the wave B, likely starting a impulse wave inner the next wave C downward. On Chaikin Money Flow we can see a hidden bearish divergence on this daily chart. Overbought condition on ESCGO_LB suggesting that a bearish leg is coming to close the week. I'm expecting a drop to the 20k demand zone region to finish this minor A-B-C...
I am quite sure that Gold will drop next week. I suggest the following short for the market opening. Stop loss - 1970 Target - 1935 Entry - Market opening level Good luck! Please, support my work with like!
As a update about my current bear position on CZ coin as you can see by the link below. The price action is heading one leg downward to complete a wave 5 of a contracting ending diagonal, according to the Wave Principle. That seams a breakdown can be expected to the local demand, as we can see clearly on this chart. After broken, the trendline tends to be...
I wanted to update you on the recent price movements of ETH/USD. Yesterday, the cryptocurrency reached a high of $1,761.96, but today it slipped to an intraday low of $1,727.75. Currently, it moved below a floor at $1,730. However, bulls have stabilized this support zone, with the RSI finding its floor at 38.00. Currently, the price strength is at 38.81, which...
I wanted to share some Ethereum (ETH) trading updates with you. While ETH moved slightly higher, it is still trading below $1,800. In today's session, the price of ETH/USD reached a high of $1,757.89, an improvement from yesterday's low of $1,723.09. The recent surge in price was due to bullish activity at a floor of $1,730, with the RSI bouncing from a floor of...
Alphabet has been on the sidelines since a big rally in May. Is it time for traders to think about more upside? The first pattern on today’s chart is last August’s peak around $122.43. GOOGL chopped on either side of the level for three weeks but has mostly stayed above it. Last Wednesday’s pullback brought prices back to the line and it’s stayed there since. Has...
NZDUSD had a very bullish market opening. Even though, we see a correctional movement on intraday time frames, Daily time frame still remain very bullish. Before the FOMC the pair will most likely manage to reach 0.618 level. Please, support my work with like!