A quick look at the weekly chart :
NZD/USD looks ready for a big downward impulse after a few weeks of correction. Prices have started downward impulses at the top of the trend line.
Downward trend remains strong on this pair. Shorts are recommended as long as trendline holds.
READY FOR THE BIG FALL!
Goodluck and all the best to everyone (:
Also another sell setup
1. price has come to previous structure and shown a huge bearish candle
2. price put in a bearish engulfing candle
3 price is downtrending
4.previous candle was a doji
on the daily previous candle was a bearish hammer sign of more sellers in the market :)
As I stated on 12/20, it was pretty much impossible for BTC to not sink further and significantly. Though it did have a short rebound for X-mas that was destined to be short lived. BTC is only down 7.25% since I made my prediction but with what the 3 hour through 2 week indicators show is trouble. The shorter 4 and 6 hour indicators show a reversal underway...
Despite today's sharp selloff in the dollar, USDJPY holds long term ground
The price held 1-year (264-day) mean standing at 117.60
The price also did not fail its relevant lows at 115.40
Thus USDJPY is likely bounce back up now
However, risk of more downtrend remains as price trades below 1st standard deviation from quarterly (66-day) mean at 122.25
The ABC correction from the 305 top has finished off exactly as predicted, see chart. After the bottom of C, the downtrend resumed and touched down on the (minor) 266 support. Of course a rebound was to be expected as prices don't move straight down or up.
Now we are looking at a bearish wedge forming with a possible break down sometime tomorrow, or wednesday at...
Momentum is trending down and the market broke to the up side (momentum was against it but there was a wedge), later it broke down in harmony with momentum, momentum has been trending down. It look like AUDUSD is moving down, and there is a chance that it will move quickly in 'harmonic move' fashion. There are many ways how to play this out and some of theme can...
