I don't think the overall trend has changed. What we saw
yesterday was most likely a short squeeze triggered by
buyers piling in at the break of the inverted H&S. 6800-7250 pump liquidated 232 million U.S. dollars
in short positions on BitMEX. Strong rally on decent volume but I don't think we see
above 9000, and more likely test the lower range again. I see us...
EURUSD is on a recurring Rectangle pattern on 1W (Ultimate Oscillator = 49.626). If the current price action repeats the course of the late July - early December 2017 Rectangle, then the next test is 1.1455 followed by a peak at 1.1850 - 1.2020 and then decline to 1.1455 again, which could break-out much lower and begin a new bearish cycle on the monthly chart...
Ethereum, the second largest cryptocurrency by market capitalization has corrected lower after bulls failed to hold price above the $500 resistance level.
The ETH/USD pair has slipped below the key $482 support level, and the sentiment surrounding Ethereum remains bearish while trading below this key level. Sellers will target the $440 support level, while bulls...
GBPCHF is trading within a 1.3022 - 1.3268 Rectangle on 1D (MACD = 0, ATR = 0.0080, Ultimate Oscillator = 50.855). Our trade is a long, TP = 1.32380, but if 1.30105 breaks, we'll stop and short to 1.28660.
The previous TP = 10.68907 was hit and as expected the 1D Channel Down on GBPNOK (RSI = 41.174, ADX = 24.685) has continued lower on a more steady pace and controlled bands (MACD = -0.023, Highs/Lows = 0, B/BP = -0.0513). We continue to short, TP = 10.5800.
AUDHKD has quickly resumed the downtrend after a new Lower High on the 1D Channel Down (RSI = 40.834, MACD = -0.018, Highs/Lows = -0.0180, B/BP = -0.0503) and is now seeking its next Lower Low. A short is opened on the current market price, TP = 5.66170.
AUDUSD has resumed the decline after a lower RSI Lower High (MACD = -0.002, Highs/Lows = -0.0024, B/BP = -0.0062) on the 1D Channel Down (RSI = 40.626). The intermediate can support for now but will be eventually crossed. A short is taken towards the next potential Lower Low, TP = 0.72794.
USDCAD has made two successive Higher Lows (MACD, Highs/Lows, B/BP all aligned near 0) on its respective Channel Up (RSI = 59.927). The conditions are right for a long towards the latest Higher High, TP = 1.33823.
Hi my friends,
I go straight to this short analyse,after last successful GBPUSD analyse i want to give you a swing map for next days.We will form this wedge perfectly and after that that make another bounce to 1.32.