GbpJpy forming a potential falling wadge on H4 time frame, allowing the pair to have a potential fall to the price level 149.887 to complete the down trend (Daily time frame). If price rejects the 141.464 level we might experience a short term upside move before the fall to complete it's move.
in this analysis we are focusing on a very long term position which can be kept opened for a year and half or more,
we have a simple descending channel and a Fibonacci projection which is having confluences between the parallels leg and lower bound of the channel
we have specified the 1 TP as the ATL and it can be achieved probably by mid or end of 2021
A bearish formation printing into place for GBP/USD.
Price will continue upwards in the short term and potentially create a throw-over before a reversal back into the triangle and a sustained move downwards.
A longer term bearish outlook going into 2021. A good strategy to buy from pullbacks on the smaller time frames until then will provide some...
Upwork is a company that mainly makes money as their hired consultants make money. So the more employers hire people through the service the more revenue they generate. This could be problematic long term as after they hire a "temporary employee" because thats whats assumed through the program if they decided to hire them long term after their term is over then...
IN MY OPINION
The coronavirus has sparked a lot of interest in people with (extra money) stimulus checks/unemployment and (extra time) unemployed. When things go back to "normal" and people go back to their regularly scheduled days they will forget about gambling with draft kings but not all of them. I think there will be a solid price range that it will hang...
The British pound ran into resistance again against the Japanese yen as it rallied towards the crucial 132 level. This is an area that has been important more than once, as it was previous support. At this point, the market looks as if it is trying to roll over again.
Outlook in GBP/JPY is unchanged as GBP is long-term bearish. Below 130.64 will target a test on...
Here we see a Descending Channel.. this should last as long as it is until the channel is broken. For long term traders, here's a free signal.
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Looking at the 4H time frame analysis, we can see that the market formed itself into a rising wedge. This isn't looking too strong for the bulls as long as we stay inside of it. Should we see a break out below the ascending trendline, our bears will then take over and first short term target area will be around 5600.
7000 is a major resistance area for now,...
1. As seen by the orange triangles, USOIL is currently in a short term consolidation on the hourly chart.
2. On the daily chart it is just coming off of the RSI oversold level, and the MACD signal line is being crossed (both typically bullish indicators).
3. It seems to have found an intermediate support at around the 20/21 price...
The monthly time frame shows strong reversal pattern with a breakout from the impulsive wave on the daily time frame. I expect price to retest the previous support around $1566/ounce (Now resistance) before going into LONG TERM short positions with a target of around $1180 to $1200/ounce.