Limit orders set to 127.76 for BITSTAMP:LTCUSD - other than a level below the highlighted range, I don't see too much else before that. These mini-pops between yesterday and today have been short-lived and weak, succeeded by even greater dips to the downside. In my opinion, swing trading the moves at this time (without any clear direction as to where this...
After breaking below support zone (green), Bitcoin will soon be reaching a weak support ascending trend line zone (light blue circle). Possible scenario, bounce back to the upside after reaching that region .... Most likely scenario, however, drop down to bottom of channel, convergence with previous bottom
Long term look on gold. We are forming an ascending triangle so we can look buy with the trend line or sell at our horizontal resistance at 1350. There is also really strong support at 1300 which could be another good place to buy. Price is in a range at the moment, but I still think gold is bullish because of the weakness in the dollar.
In terms of structure we are expecting a lower low. We broke our previous low and there is less buying pressure. I would expect price to move back down to the 1.205 level. Also looking at the previous down swing we can see a steeper angle, which suggest that selling momentum is building. Although caution is necessary, because of how bullish this pair has been over...
EURCHF the pair overall is bullish trend , after the SNB Over valued Statement for CHF has fallen more than 100 pips, as technical the pair trading in a upward trending range to test 1.20 floor, but before going to high we can see a short term fall in EUR CHF pair to test 1.1720/1.1690. If the pair break 1.1822 resistance range we have next target of 1.20.
Remember guys, keep it simple! As you can see from the AUDUSD chart it is hugging the daily trendline tight. If it breaks and it is not a fakeout, buy that Aussie to the top! If it respects the trendline, wait, be patient and when the time comes it's time to short. This doesn't work every time, but it can be a clear signal that the direction of any pair may be...
AUDUSD the pair have recovered from early session weakness and are now trading higher, resuming the rallies that began last week with the release of the dovish Fed minutes, As technically the pair trading on 1hr support zone with 200 MA , we expect short term bullish momentum towards test his resistance zone 0.7645/0.7680, if break these level we can see another...
USD JPY the pair shows overall Bearish trend,Fed's dovish minutes weighed on US yields, saved on Friday by a strong bounce in their European pairs.The news helped tighten the spread between U.S. Government Bonds and Japanese Government Bonds.this helped make the Japanese Yen a more attractive currency. As technically the pair trading on support zone 111.06 as it...
The Euro continued its upward movement and now the price is near the upper limit of the consolidation. It is worth noting that the growth was fairly confident and supported by pretty large volume, which is a strong bullish sign. Unfortunately, volume was spread throughout the movement, which makes it impossible to single out a specific new volume level. Thus, the...
EURUSD: With the pair halting its weakness to close higher on Thursday, a move further higher is envisaged. Resistance comes in at 1.2000 level with a cut through here opening the door for more upside towards the 1.2050 level. Further up, resistance lies at the 1.2100 level where a break will expose the 1.2150 level. Conversely, support lies at the 1.1900 level...
Validated confluences 1.Support broken resistance validated 2.Trendline broken on daily timeframe 3.Opposing level breached by short sellers (109.000-broken) 4.Profit margin 1:7 5.Strong rally up to sell zone
EURUSD: With the pair continuing to retain its downside pressure on correction, more weakness is likely despite present price hesitation. Resistance comes in at 1.1950 level with a cut through here opening the door for more upside towards the 1.2000 level. Further up, resistance lies at the 1.2050 level where a break will expose the 1.2100 level. Conversely,...
EUR/SGD 1H Chart: Pennant The common European currency is advancing against the Singapore Dollar in a little pennant pattern that formed in the result of announcement of information on the US CPI last Friday. Since the pair is moving in a continuation pattern, then breakout is expected to occur in the northern direction. The length of the subsequent...
GOLD: The commodity continues to face upside pressure as it looks to resume its upside pressure presently on hold. On the downside, support comes in at the 1,280.00 level where a break will turn attention to the 1,270.00 level. Further down, a cut through here will open the door for a move lower towards the 1,260.00 level. Below here if seen could trigger further...
As indicated on the daily chart, we can see a triple top for gold. A bearish hammer was even formed at the end of Friday. There is a higher probability of going short, but we have to observe tomorrow's candle before considering to short. Short targets are marked out. If gold breaks above 1300, I will be looking to long. Let's observe first.
Daily outlook - EUR/JPY fails to surge above 130.05 In second half of the previous trading session the currency exchange rate made an unexpected turn around near the 130.05 mark and started to fall. The reason behind pair’s inability to reach the weekly R1 at 130.64 might be related to existence of a larger descending channel with two reaction highs and...
Daily outlook - AUD/USD spikes to 0.7951 Fortunately for the Aussie, the poor US housing data that was released yesterday gave the currency pair a necessary impulse to break through the 200-hour SMA, the weekly PP at 0.7895 and even slightly overstep the weekly R1 at 0.7951. But then the rate became overbought and, thus, started to decline. In theory,...
Daily outlook - USD/CAD down 1.09% The USD/CAD currency exchange rate had a quite turbulent Wednesday, as the Greenback depreciated against the Loonie by 1.09% and, in the result, broke through the southern boundaries of a medium-term and short-term channels. To a large extent the downfall was caused by disappointing news coming from both the White House...