Now the price going into channel of bullish flag
for bulls plan realization BTC need to break out flag
X point - strong ressistance: flag ressist.+f-fractal ressist.+
price range of traders agreement(PROTA).
=== @ElemontFX ===
Get your XXXUSD Shorts and USDXXX Longs ready as DXY looks set for another leg up if it can bounce off its new uptrend line
A break below would have the dollar test support again, which looks very strong and will most likely hold
The Australian Dollar is trading in an ascending channel pattern against the Japanese Yen. The channel represents the pairs rebound against the combined support of two more dominant support levels.
In regards to the short term, the pair is set to continue to be influenced by the various pivot point levels until the junior channel together with the various four ...
Analysis based on Elliott waves, patterns repeat itself: 1980s - 2000s - 2020s
Long term prediction on US Dollar Currency Index, bottom on the DXY will be reach around 2020s.
Until that time we will see slow move down.
We are in F -> G move, which means small upward move should happen in several weeks maybe months.
Nonetheless, in long term I predict ...
Price moving in channel between R-zone and S
which looking as bullish flag
Previous prediction about some correction after
strong rise may start to work when S will breakout.
At first glance the situation on the USD/RUB charts looks chaotic. However, if one delves deeper into understanding the currency exchange rate, it is clear what is occurring.
First of all the pair has made a rebound against the most dominant ascending channel patterns lower trend line, which is combined with the 23.60% Fibonacci retracement at the 56.95 mark. ...
Inspired by an indicator I found on stevehopwoodforex.com and the endless possibilities of tradingview.com I came up with this currency strength visualisation concept.
*Please hit the zoom-out button once*
(or more if you're feeling wild)
This may look like a mess, but the last few "bars" on the chart are holding some useful information!
I'm sure I'm not the ...
I believe we are in the final pop up in the dollar. Just spotted an inverted head and shoulders pattern forming. The key here is that it is still forming and not completed. Recent research has suggested that if the head and shoulders pattern is not fully completed it can move against the pattern harshly.
Look for a clear break above the neckline at $94-94.20 ...
If you like this idea leave a like and follow me to get all of my updates :) I would love to talk to you so send me a message or comment!
Underlying:EURUSD
Time frame:1D
What Has Happened So Far:
This is very much like the XAUUSD trade we have on right now so I will keep it short and sweet. Price came down and hit our zone nicely. If you took a buy position it ...
If you like this idea leave a like and follow me to get all of my updates :) I would love to talk to you so send me a message or comment!
Underlying:ETHUSD
Time frame:1D
What Has Happened So Far:
So we have realy just been trading sideways for most of the time. I did post the other day about the Bollinger Band range tightening but I did not think it would last ...
*Feb 23 2017 According to this exponential trend the minimum fair price for a bitcoin should be around 60k usd by the the start of 2021. donate: 1D5k22BaBMTV7S4KGjbGowJRF39kRSwfdu
I will start the updates with the currencies today. In the gold idea I will refer to many things I mention here.
I was watching closely the EurUsd and the USDJPY today around the NFP news. The EurUsd was not able to break the pattern's neckline at or after the news and it bounced. I still think the intermediate decline is not finished yet. The right translated ...
One way to determine the strength of a currency is to add 2 moving averages to the charts, one set to 5 and one set to 12. If both the 5 MA and the 12 MA is pointing upwards, that means +1 and vice versa if both of the MA:s are pointing downwards. If they are pointing against each other, different direction or are flat lined, thats equals 0 as we are most likely ...
EURUSD Moving on the channel. I showed the cycles (about 4 year cycle). Need touch to resistance line of the channel (50-61.8% level fibonacci). After that, I must show the minimum of this cycle. Most likely it will be in 2018. This will be accompanied by a strong strengthening of the dollar
