https://www.tradingview.com/x/sRgZ26yA/
For the last 5 months, price is moving sideways within 108.00 - 114.50 level.
Last month, price breaks down 108.00 level and previous low a bit, before bouncing back up higher with the confirmation of Bullish Price Divergence.
If projected with the recent 2 lows, price may form a Falling Price Channel with the current price ...
After the savage bull on btc, all tier1 alts are hugging strong support levels, both in -USD and -BTC pairs, with multiple failed attemps to break on the dailies. The prices are at psychological levels, ~ 300$/0.05btc for eth, 50$/0.01 for btc, and lots of new blood who want to play crypto. this makes a good environment for an alt bull run.
Also since last day ...
USD/CAD fell down sharply yesterday, but the move was on small volume. Anyway, given that the price is trading near the lower boundary of the range/support 1.2404 - 1.2428, we should consider the scenario of the breakdown of this mark. If the price breaks down the support on large volume, we can open short positions. A stop loss should be placed above the ...
The price has broken out the previous resistance, but the move was smooth and on small volume, so we can't trade this breakout at the moment. But on the other hand, this movement points us that buyers are dominating the market and we, of course, should give preference to long positions. The scenario is similar to the one for the euro: we need to wait for a ...
EUR/USD continued growing and broke out the previous upper limit of the consolidation. Now the price is trading above it. We should note that the breakout move was on increased volume, but it was spread throughout the chart, so we can't point out any specific volume level. Anyway, given all other facts above we should consider opening long positions. ...
Gold continued falling, moreover, the move was supported by increased volume, which is a good bearish signal. Unfortunately, volume was spread throughout the chart, so we can't point out a specific level, but anyway, we should give preference to short positions. We can enter the market after a smooth upward correction to get a better entry point and, as a ...
The price grew up strongly as suggested and broke out the previous local maximum. Also we need to point out the level 1.2519, where the fixation of the price was. So now we should consider long positions. We can enter the market after a smooth downward correction to get a better entry point and risk/profit ratio. A stop loss should be placed below the level ...
GBP/USD fell down yesterday and broke down the lower boundary of the consolidation. The move was abrupt and on large volume + two new resistance levels were created. The first one 1.3184-1.3204, the second 1.3124-1.3145. Both levels contain increased volume. Given all these facts, we should consider exceptionally short positions. We can enter the market after a ...
Despite the fact that the price remained trading in the local consolidation, it is necessary to note a fairly sharp fall of gold on fairly large volume. It is also worth highlighting the new volume support level 1272.20, which was formed during this downward movement. In addition, this level is the lower limit of large volume accumulation, which is concentrated ...
The downward correction for this currency pair has stopped and now the price is trading in the local consolidation above the support level 1.2404-1.2428. So now we need to wait for a resumption of the growth and then we can open long positions. A stop loss should be placed below the support. A potential of the growth is 100-110 pips.
The bottom line: long ...
USD/JPY - moves unpredictably, as the price falls down, then grows up and all these moves are on small volume. But overall, it is locked in the local consolidation a little below the level of resistance 113,20. So that our previous scenario remains the same: due to the strong uptrend we should still give preference to long positions. We can enter the market after ...
GBP/USD - The Pound is also trading in the consolidation right now. We need to point out the presence of large volume accumulation in this local range, so the exit of the price from it will be a great signal for entering the market. Given the local downtrend and the location of the price near the lower boundary of the consolidation, we should give preference to ...
