Weekly: We have 3 MA sloping down in a sequence. Price touch 18EMA and was rejected.
Daily: Last Friday, price close as a huge shooting star and rejected by 50MA. 1.2600 also is a huge level of resistance. I expect UC to continue to fall aggressively next week.
Last week, EURUSD broke through the parallel channel. On Friday, we can see the indecision reflected by a doji candlestick. My bias on this pair is still pretty bullish. There are 2 scenarios on EURUSD that I think could happen next week:
Price could reverse to the upside and form a higher high. I will execute a long order after seeing a daily bullish...
0.7750 which used to be a strong level of resistance now acting as a support. My bias on this pair is still quite bullish
On weekly time frame, MA crossed to the upside. We can see series of higher high and higher low. We could potentially form a new higher low right now.
On daily time frame, a rejection at 0.7750 and a bounce from 50MA is a good trend reversal...
I expect GBP/AUD 0.35% to go much higher after seeing a huge bullish candlestick for last week. Price bounced from the 8EMA on weekly time frame then formed series of higher high and higher low.
I'm actually on the trade right now, target 1 will be 1.7860, target 2 could be around 1.8000 zone depends on the price action.
Weekly: On weekly timeframe, yesterday we saw a bounce from 18EMA
Daily: Price formed a hammer candlestick and bounce from the parallel channel.
There are 2 scenarios here:
If price breaks below the parallel channel and close below the 50MA on the daily timeframe. I then will expect 147.500 to be met
If price bounces from the parallel channel again with MA...
Hi guys there is a quick setup on EURUSD. On 4h time frame, we see a support at 50MA. A close above both EMA and 2 rejection on 0.5 Fibonacci helps me build even more confluences. Risk/Reward ratio is 1:1.6 up to 1:2.5
Hi traders, on weekly perspective we can see that last week GBPJPY failed to remain above 155.00 key level. Very weak bullish candle close might indicate that GJ now want to go down to find a lower high.
On daily time frame, I can see a huge shooting star candlestick that closed below the 8 EMA. We have a 0.168 Fibonacci line-up perfectly with my key level at...
Hi traders, after few weeks of market correction, I can see a buying opportunity on ETHUSD now.
Price came all the way down to 800 level to test the 0.618 Fibonacci as well as the 50MA. It then went sideways for some time and created series of higher high candlesticks. EMAs crossing over and 2 strong bullish close indicates that ETH is ready to go much higher. My...
As I mention in my analysis last week, my long term bias on GA is pretty bearish. Last week, we came all the way to 1.7700 to test the 0.618 Fibonacci level. After that, GA formed a evening star candle, with extreme bearish close on Friday. I will expect some futher down side momentum on this particular pair, 1.72500 will be my first target. Depend on the price...
Hi traders, last 2 months what a incredible move for AUDUSD. Last week, we broke 0.8100 and create a 2-year high since May 2015. Price on Daily time frame was guided accurately by the MA. Now what I actually do is wait for the reaction of the pair around 0.8100 level of resistance. It has been tested 3 times last year and failed to closed above.
My first...
It has been 6 bearish weeks for Bitcoin. Now it's stalling at around 9000 where weekly 20EMA has been acting like a strong level of support ever since. 0.786 Fibonacci level was tested. I do believe that Bitcoin will recover next week with some momentum to the upside. A break and close above the counter trend line and EMA crossover will be a good signal for us to...
Hello traders, we all experienced XRP price going to the moon since Dec 2017 with more than 1000% gain in a month. Looking at the Fibonacci, now we are stalling at 1.2000 support area, after testing 0.786 Fib. On the H4 time frame, the bearish are slowed down with a triangle pattern and waiting for a break. All my MA are staying close to each other. Me personally...
Short-term bullish, long-term bearish
Weekly: Last month, the pair created a higher high at 1.8000, evening star formation then formed as a sign of retracement. With weekly time frame, especially on GBP pair, I would expect something like 0.786 Fibonacci to be met. 1.7000 would be my main target for GBPAUD until the end of the month.
Daily: On daily time...
Weekly: Weekly time frame is filled with choppy bullish candlesticks. We are still in a pretty clear bull trend. 155.00 was a target for my previous week. Now I would like to wait for the reaction of the pair around 155.00 once again.
Daily: On the daily time frame we created a higher high last week. 8EMA is crossed over. We could continue bouncing in the...
Weekly : On weekly time frame, we can see that last week close is pretty weak. We already created the new high ( compare to the lower high in September 2017). What I would expect now is a bit of retracement on this pair and then might be more bullish in the future
Daily : Last Friday candle closed as a shooting star, we can see the wick rejection all around...
As can be seen, USDJPY has formed the lower low yesterday. 112.00 level used to be a huge level of support, now I expect it to be tested again and act as a new level of resistance. I will wait for the price action around 112.00 and the break below counter trendline on lower time frame to actually execute the trade.
As can be seen, last week on the 1W timeframe, GBPJPY already retest the 150.00 key level and bounce from the parallel channel. On 1D, we can see a huge morning star formation from 150.00 support zone. Now I personally expect GBPJPY to form a new high, the target could be around 155.000 level. A break and close above 152.500 on 4H timeframe could be a signal for...
