The trend has been trading in a box according to 15 min chart analysis. The box already broken and an retest done, use a buy stop to enter as shown
January and February have been rough months for the cryptosphere. XRP has been no exception, losing more than half the gains that we saw through December, right after where we entered a downtrend that has lasted for weeks. Strong fundamentals came in as early as January 11th with the partnership announcement between Ripple and MoneyGram. The price managed to spike...
Daily analysis shows an uptrend on AUDCAD, it has touched at main trend line. Monday can confirm and provide a clear entry price.
The pair shows high probability for bearish, the chart shows a Resistance tested and failed to break it due to its strong. In this trade a sell stop can be placed at 0.72844. Also a room on left supports for bearish on this trade.
NZDJPY still trading in a box though has broken some support zones but not totally out of the box. We keep our eyes on this pair. A sell stop can be placed once confirmation occur. Keep your eyes for update
Daily chart analysis for NZDJPY has touched the major trend line that have been respecting since 27 July 2017. Currently it has touched 2 times and failed to break it. Bearish is expected on this pair only if other factors remain unchanged, a stop loss must be at point 4 as shown on daily chart.
According to day chart analysis, NZDJPY is currently trading in a box as shown in chart for 9 days now, it is finding a way for breakout at 80.165. If there will be a breakout and a retest then the trend will pass through different points as shown. Typically will be a long Bearish move. Keep your eyes on this pair. This analysis is based on naked trading.
A big shadow formed just above a support, this provides another buy opportunity, with just high possibility of short. Short because the wick of the previous candle is not completely engulfed, only a body is completely engulfed. Also presence of room to the left still can support this move.
A big shadow has been produced providing criteria for bearish move. A formed candlestick is at the the resistance and engulfed both wick and body of the previous candlestick. Also presence of of enough room to the left support this idea that the chart never turn at that point for approximately 3 months.
According to big shadow formed qualify for about 85% on bearish move for NZDCHF on daily basis. Both body and wick of the previous candlestick are engulfed by the next candlestick. Also enough room has been formed to the left, this provides high percent for bearish move.
Looks like there is a MAJOR zone here on multiple time frames and it has just had a huge drop. meaning even if this was going shit it would need a retrace althought voxels is a great currency so I doubt its dying off. This will be the area I would buy into and hold to see where it might end up. I hope this helps. If you have any questions please comment
Hey guys ! Here is a nice potential entry on audcad Accumulation of : - Downtrend -Resistance zone -Fib confluance -Standard deviation Good luck & Follow me for more :) !
Bearish Kangaroo tail (pin bar) formed on the weekly chart. Target will be around 1.65700.
Weekly candlestick closed outside trend line showing bearish outlook. Large pin bar formed on daily chart.
Previous weekly candlestick pierced through BB, showing a reversal sell signal. Daily bearish pin bar formed.
As we discussed in our previous post EURO seems to be topping out as CANADIAN DOLLAR remains dominant against a number of currencies. Looking for further downside to come in this market. If price can continue to the downside and break the support level of 1.4444 this market has significant room to the downside.