i was in long since 209, close at 218, buy 214, close 216. I think, that bulls can't take sell zone 217-219, RSI divergence shows a selling formation. The price is sandwiched between levels and the movement will start soon. For now, I will refrain from positions on this instrument and move on to clearer ones.
AUDUSD has consolidated above key resistance at around 0.7 and we hold a neutral view before the rate decision and press conference later this evening. The USD has weakened tremendously since the FED launched unprecedented QE to boost the US economy in the wake of the coronavirus crisis but we don't see any major announcements that could lead to significant...
SPX looks to be in neutral zone with little -ve bias, to initiate long we will have to again wait for the current range to break
All in all you're just another brick in the wall...
Resistance at the level 3’260/3’329 Trend is supported by the upward trendline Index shows some weakness to fill the resistance gap RSI shows a bearish divergence My view is that we cross the upward trendline in the coming week and that we are trending sideways to slightly downward
Daily Time Frame: Price is testing areas of resistance with signs of wick rejection at .91000 key psychological zone. Price has reacted from this zone in the past so it will be interesting to see how it plays out this time. Right now, we have a bounce or break situation. If sellers are more enticed to push this down, then we can anticipate shorts down to .89500...
I think for Microsoft, such as for many companies Post-Covid19, they are entering, at least, into a Range or worst, in a bearish period of time before rising again...
Waiting the price to re-test the broken level of support and IF I see a price rejection on 4h timeframe I will open a selling order.
USDJPY is still stuck in the range between support 106.65 at and resistance at 108 as the currency pair has experienced a very low level of volatility over the past few months. Therefore, we expect the lack of price action to continue over the coming trading sessions with markit manufacturing PMI on Friday being a significant data release this week.
Hello, traders. What is next for ERD? Technical analysis is knowing how to react to the future price movement. In my view, we are starting a downward channel, but if we break the red line upwards, the chart will look like a bullish flag. The other scenario we have the possibility of being forming a head and shoulders o pattern at the top of the trend, we...
GBP/USD consolidating within a pennant (4 hour chart). RSI halfway through. The breakout will depend purely on fundamentals, such as USD strength and overall market sentiment/optimism around the COVID-19 and the global economy. Also pay attention earnings releases this week and any geopolitical tensions, will have an effect on the USD. Will have to wait and see...
We Have A Big Weekly Fib Retracement To The 61.8 & 78.6 Levels That Could Occur If $0.18400 Holds We Will Have Our Ideal Scenario (green), To $0.22000 Or Straight Moon? If $0.18400 Breaks And The News On July 21 Doesnt Mean Owt Then We Have The Second Scenario (purple) Please See Previous Posts 🙏 Daily: Weekly:
we await the completion of wave 1, so that we can project for wave 3, 4, 5. please stay tuned as we await the possible targets. (not advised to enter any position) please like, follow and comment if you find this useful.
I could see both a pop or a drop. This type of TA isn't useful for BTC. It would be useful for stocks, as you could buy a strangle and profit from the increase in IV. Share your thoughts - they're appreciated. Thanks for looking.
These are the two most probable scenarios to play out this week. Price is heading toward a key level and will soon find out whether price breaks or bounces from the level. We will wait for price action to develop a bit more.
"Beginner Analysis" If there is no break and retest of the daily resistance i will be looking for a long term sell