Fundamental Analysis: We have RBA Gov Lowe Speaks which more likely than not is hawkish for this pair so im expecting for a somewhat good push and while im writing this at 4pm pst it is pushing down now: however im expecting a push for the downside next 6-14 hours or staying negative percentage of gain in the aud/usd pair
Technical analysis: we have a break of...
Although US fundamental activity has been progressively bullish, the pandemic outbreak of the coronavirus has had an effect on economies conditions, which can also deter attention from further progress talks between US and China. On a technical standpoint, confluences are pointing towards a more extensive push on gold prices to $1581 before a potential...
So here i will break down the current fundamental analysis and Technical analysis for AUD/USD: im expecting a Push in the bullish side heres why, First looking at Fundamentals We have Retail Sales m/m coming out if you look at previous data its usually a 20-35 pip move in previous data in either bull or bear market. Now with that being said its FC (Forecast) is...
EURNZD is current at a resistance zone at psychological level 1.71000. This zone is confluent with the 61.8%. Entering short a at 1.71000 with TP 1 @ 1.70000 & TP 2 @ 1.69000. I am not a financial advisor. This is not financial advise. This is for educational purposes only.
Daily Trendline being respected
H4 - Price came up to 61.8 FIB, touching a H1 Exhaustion Zone before reversing back to the downside, Creating a FAT Bearish Engulfing
H1- Cross of MA's, Multiple Bearish Engulfings, Minor Structure was broken and retested
< H1 - Minor Trendline Break and Retest,
Already in the trade
1st Entry @ 1.30666
2nd Entry @ 1.30456
Fundamental Analysis i will start out that there is a GDP q/q 1:30am PST 4:30 Est i believe that news will ultimately be bullish outcome for 6-14 hour Time of expiration of purchase which i will buy in nadex one ITM(in the money) and one OTM (out the money) binary trade: Here is why i think fundamental is expecting a bullish outcome on fxfactory the forecast is...
I love the symmetry of equal and opposite reactions and am a big fan of the newtonian physics because I see them play out all the time including in the charts...that's why I decided to place the projected breakdown target line at the same exact price as the projected breakout target to see if any confluence would appear and in doing so you can see the breakdown...
- Eth couldn't get above the daily Ichimoku
- It was also rejected by the weekly resistance at 169.15
- Hidden Bearish Divergence (also on the 1H) but is not confirmed by the MACD
- A previous Daily support 165.75 didn't hold
- We have a confluence zone from 2 fibs at 163.25 and 162.65 with Support EMA 20 and 50
- A Doji candle = reversal of...
EURJPY Potential Reversal
we are waiting for a momentum candle close below 122.480 to sell this one
1- Regular Bearish Divergence on MACD (in red)
2- Objective Wedge Pattern (in red)
3- Resistance Zone from H4 and Daily (in blue)
Three confluences are enough to consider Selling EURJPY , after a break below 122.480 (in gray)
Gold miners have been consolidating for the last six months and now the Market Vectors Gold Miner ETF is bouncing at a potentially key level.
GDX peaked around $28 between late October and mid-December. It then broke out and has now pulled back to find support at the old resistance. There's also some confluence with the 50- and 100-day simple moving averages at...
Daily Structure was respected. came to 88.6 FIB before being rejecting lower,
H1- Created a triple bottom, Bullish Engulfings, Cross of MA's, exhaustion
Trades Already Entered
1st @ 0.68658
2nd @ 0.68806
3rd @ 0.68761
TP's will be between @ 0.70300 & 0.70800
Will Enter more trades if the market provides it
Came back up to Exhaustion Zone that has been touched 5 times since December 1st
Created a Evening Star Doji with a huge Bearish Engulfing on H4
Going to wait for a retest of 109.7 exhaustion / or a breakout below 109.45 with a clear retest
and Other Confluences (MA's, Minor Structure, candlestick Price Action) showing downside move
Chart says it all. Huge upside potential.
Only thing to be weary of is falling back into the orange descending wedge. Right now I'm looking for a doji to form on the current candle and a bounce off of the orange wedge.
When this wedge holds we will know the bottom for BTC in for this cycle. I hope you've been accumulating...