In this video update, we take a look a GOLD as it breaks out of the bearish corrective structure.
If we see the FOMC later this evening hint at any form of growth we could see some short-term strength in
the USD pushing GOLD prices lower. Technically we can see that price has broken through the bearish channel
and re-tested forming bearish price action. If the...
Everyone is looking to short on the diagonal (drawn in red) trendline that is forming. I think that it will break it and retest the previous high's before moving anywhere else. We have been seeing a bullish uptrend on EURUSD which I have circled in yellow. I really think that we might go up and retest the previous high's and go to the zone which I have drawn. The...
Ethereum is showing signs for a big move in the near future. We've got an ascending triangle forming since early December. The retrace over the past month stopped short of the old trend line and started forming another ascending triangle (yo dawg, I heard you like ascending triangles).
Once this breaks out of the larger triangle, we can expect the price to rise...
The removal of 2019 hikes is worth highlighting because it does not fully support the story we are being told from macro data meaning the bar is set high for any further hikes. History tells us it’s very unusual for the Fed to pause for a long time in hiking cycles before resuming meaning this is likely the end of hikes in the cycle. See tradingview for a more...
Powell might have kickstarted a rally -which was already brewing- in the Kiwi/Dollar pair.
I'd reccomend long exposure here, as long as we don't go below today's open, if aggressive, or if moving below the cyan box, if more conservative.
The target is the top of the cyan rectangle, to be reached before the right border is reached, time wise.
Best of luck,
Topside resistance: 48 psychological, break could lead to previous highs 50-55 range, up to 15% profit potential, if not ATH.
Bottom support: 45 psychological & 43,71 previous Higher Low/trendline coming in. Break could lead to HL compared to 25.15, => further tightening EQ range on the Weekly.
Watch for volume when break occurs, in order to avoid...
. ZILLIQA/BITCOIN is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 54.
. There is a possibility of temporary retracement to suggested support zone (0.00000458 to 0.00000412). if so, traders can set orders based on Price...
AUDCHF is approaching our first resistance at 0.7184 (horizontal swing high resistance, 61.8% Fibonacci extension, 61.8% Fibonacci retracement) where a strong drop might occur below this level to our major support at 0.7056 (horizontal swing low support).
Stochastic (21,5,3) is also approaching resistance where we might see a corresponding drop in price.
on dollar yen we have a confirmed bearish breakout of a rising parallel channel called a flag pattern.
also, we have a confirmed bearish breakout of 111.00 level - decent level of support.
next levels that I will be focused on are
the best entry point for you is the retest of 111.00!
USD/JPY is extending previous session's weakness, hits fresh monthly lows at 110.45.
Weakness in Treasury yields continue to weigh.
Technical indicators on the daily charts have turned bearish. The pair has broken below rising channel and has slipped below 61.8% Fib.
Immediate support lies at Lower Bollinger band at 110.42 and then 110.30 (trendline). Break below...
First , a bit of history of the decision making process- I would like to show you my first ever trade idea in TV as the same channel is in play now:
This channel was drawn on the Daily Chart but I have moved it to the weekly as I don't need so much granularity,you can see it here. We...