We hold a neutral view on Gold despite the base of the descending pattern being broken at $1931 because Gold has since rebounded back towards $1900 from falling to $1840. Therefore we will change our view to neutral in particular considering fears of a worsening of the coronavirus situation and uncertainty surrounding the US presidential election.
ZEC Halving coming in 47 days. Privacy coins narrative is coming back this quarter with people wanting their security back. 1. I will wait for more candles to see if $ZEC has really broken out of the resistance or whether it falls back into the wedge 2. $ZEC is forming a bullish flag with AB=CD and possibly it could stay above the resistance line for longer and...
dxy is in a down trend but is close to turning bullish again.. i just want every one aware.. i will also post the zoomed in... up to date picture below.. frequently
With the looming US Presidential elections, and the recent mixed messages from the Federal Reserve, the direction of the USD is unclear for now. Wait for more clarity before choosing a side. Could the USD downtrend be coming to an end? The charts of many currencies vs the USD are quite inconclusive on where the USD is headed in the near term. Charts do not always...
waiting for breaks the rectangle . So if you have a suggestion or advice leave it in the comments . and if you like my analysis break the 'Like' button
If you haven't read VOLUME I of my DOLLAR (DXY) ANALYSIS trilogy, it is highly recommended you read that first. Because there I talked about what I expect the U.S. Dollar to do in the next few years. On the other hand, the second part of the analysis, which is this post, is more about what has been happening in the past few weeks and what is expecting us in the...
We still hold a neutral view on EURUSD despite the recent drop in the currency pair due to fears on the impact of a second wave of the coronavirus in Europe. Additionally, the 100 day MA is still below the 50 day MA as await data releases including US consumer confidence on Friday.
Traders, the previous chart I showed was the breakout of the bear flag in the SP500 index. It gave us a target at the first major support area of 3230 points. Spot on, to say the least. After that I warned for new resistance around 3320 and that's where we ended up on today's trading session. So far it seems that the wave 4 correction has been completed and we're...
We still hold a neutral view on AUDUSD despite the currency pair dropping on the back of a drop in equities and increased risk aversion. The Australian dollar is a commodity currency and therefore is impacted by shifts in global economic sentiment. However, we will not take a short view till the currency pair consolidates below support at around 0.71.
we have a spring box or we can say squeeze that's mean . the market will go up
we have a signale of squeeze and breaking of the vwap . so the market it will go down
we have a big breaking (impultion) on vwap with a big volume . so There is a great possibility it will go down
4hr Time Frame: Reading price we can see that we are breaking back below our 76.500 monthly zone. If buyers are looking to hold momentum, we are going to need to see a break and retest above 76.500 for potential long opportunities to 77.400 and potentially 78.250. AUDJPY has created a huge impulse to the upside and has pulled back to create a double bottom...