Here I have analyzed the NZD USD currency pair and this one will fall hard upon the release of credit card spending in NZD. RIP to the buyers of this pair. Happy trading !!!!
On our chart we observe the price fixed below the resistance level of 6600. Against the backdrop of global interest in the dollar, the decline continues. Our technical indicators point to sales, the Stochastic is out of the overbought zone and is headed down, so we advise you to take short positions and look at the target levels of 6200 and 6000.
The sixth is here and I want to remind people first and foremost that BTC doesn't have to do anything that we predict it will do. As a matter of fact if manipulation is as strong as some people believe then it is most certainly not going to do what the overwhelming masses believe. Just as it's best to buy when there is blood on the streets, it's going to be best...
EURUSD 30th May EUR has finally reached the month-long downside target at 1.1558 just in time for the end of the May. It actually exceeded the target by 45 pips before reversing higher and creating the first strong green candles of buying intent the market has seen for months now. But the counter rally is running out of momentum now whilst DXY holds above...
After reaching the mark of 10.000 we see a series of falling vertices. Later, our price went up to the mark of 8.000, and at the weekend it was adjusted from it to 8.500. Watching the further movement of the pair and considering the price levels, we assume that further price advancement will continue. Therefore, in case of consolidation under our current level,...
After reaching the mark of 10.000 we see a series of falling vertices. Later, our price went up to the mark of 8.000, and at the weekend it was adjusted from it to 8.500. Watching the further movement of the pair and considering the price levels, we assume that further price advancement will continue. Therefore, in case of consolidation under our current level,...
EURUSD: Another Counter-Rally prior to decline to 1.1915 Target Having made the counter-rally back to the upper parallel EUR has continued its expected down-trend. It's now touching the next support line at 1.2027 and likley to make another small counter rally to 1.2067 and at highest to 1.2094 before it falls away again to the 1.1915 downside target towards mid May.
the first scenario we maybe see 19167 before 30000 this is correction will take at least 3 years
Ripple is great, I wish crypto could be priced somewhat on utility - transferring such assets from one exchange to another in under a minute is incredibly useful. Too bad the price will continue to drop, a lot of which has to do with BTC's overvaluation.
Now we've gone through the resistance line (red), will ETH drop down all the way to the support of the 520 region and bounce back or continue in the 'normal' rise since earlier this year (the yellow zone)?
BTGUSD Update Neutral to bearish near term Left this awaiting a successful break of the parallel to the upside having bought again around 290-288 - but the break was dud at 303 first resistance with a couple of tiny pin bars (like BCH, too) showing rejection....over about 3 hours so giving loads of time to see the top/resistance forming and therefore...
VTR seems forming a sharp downward neck H&S formation. It has strong moneyflow divergence. We think it has very good downward potential if it breaks 64.17 area. * Trade Criteria * Date First Found- November 15, 2017 Pattern/Why- H&S formation Entry Target Criteria- Break of $64.17 Exit Target Criteria- $60.57 Stop Loss Criteria- $65.77 Please check back...
JBL is forming a possible H&S formation in weekly chart. It seems a good long term short opportunity. * Trade Criteria * Date First Found- November 9, 2017 Pattern/Why- Potential H&S in weekly Entry Target Criteria- Break of $27.33 Exit Target Criteria- $18.32 Stop Loss Criteria- $32.07, $29.43 (Conservative) Please check back for Trade updates. (Note: Trade...
EURUSD It's plain to see that this this pattern is still one of continuation and eventually EUR should break the lower parallel containing this week's minor corrective up-wave and come much lower still...so am not looking to buy dips, more to sell the EUR rallies back to the upper parallel, looking for much lower values once the parallel gives way... Whilst...
WING seems broken down from an upward channel & consolidating within a triangle formation. If it breaks down the triangle formation or the support around $32, it can decline down to $28 or lower. * Trade Criteria * Date First Found- October 25, 2017 Pattern/Why- Upward channel, Triangle breakdown short. Entry Target Criteria- Break of $31.87 Exit Target...
Decline situation in my previous DXY analysis was a success. There is the continuation of my DXY analysis; A (orange) - Still looking for bears to take control. As long as we remain under the blue area, that will be our main resistance area for the week. Currently bouncing on a higher timeframe bullish trend line, I am looking for a break and a nice retest for...
In my September 28 update, I called for a final zig-zag rally in wave e to complete the triangle consolidation in wave 4. This e wave has developed as expected and wave 4 is now complete. The final impulsive decline in wave 5 should now be seen towards at least 10.11 and more likely closer to the cluster supports in the 8.39 - 8.77 area from where a new rally...
WDAY seems breaking down forming a double top. It is rolling over nicely, and moneyflow also turning negative. We think it will be a good hedge for all the Longs we have. * Trade Criteria * Date First Found- May 11, 2017 Pattern/Why- Double top breakdown, Hedge position Entry Target Criteria- Break of $88.43 Exit Target Criteria- 1st Target $88.43, 2nd...