DASHUSD Consolidating recent gains in a pennant: not as trustworthy as a flag, though. The recent low was 609, exactly double the price we paid at 305 some 15 days or so ago. Are you watching, Bitcoin? Two strikes on the lower line shows 'hot', still. Now it has to find enough buyers to beat the upper line of the pennant... If it can mange this we can...
Bitcoin Update Next Buy Point Follow the Chart A reverse head and shoulders is forming with neckline at the upper parallel. Next buy point comes only when neckline is crossed on upside with stop 50 points lower - upside measurement implied target is 8390 on any sustained break. The whole thing fails if 7717 - 7660 range also fails, for fall back to 7530,...
BITCOIN: BTCUSD Update on Positions Not a bad day, so far but need to keep an eye on this short still...day-traders have made 250 points from the short from 6300 early in UK morning, then another 200 to 450 points from the long at 6050 just an hour later, depending on where you took profits and now we're short once more from the highs of the day at 6450 with...
I'm obviously new to this. Any recommendations about my tools/chart/time fractals ? Thank you.
The situation on the AUD/NZD charts is quite rare. The pair has broken the resistance of a massive scale triangle pattern. The break out occurred in the borders of a dominant channel up pattern, which is set to guide the rate higher in the long term. Meanwhile, in regards to the smaller scale situation, the pair has retreated in an almost obsolete channel down...
NZDUSD Was looking for a minimum 100 pip rally from the low at 0.6818 but only got 65 or so before NZD came back down again...not much use. Am closing down the long position at around break even and looking to short NZD against USD once 0.6880 is broken on downside looking for 200 pips to 0.6688 intitial downside target with stops about 16 pips above entry...
Rejection of monthly zone followed by other confluences, probably should wait for a stronger lower high to be formed
The previous analysis of the AUD/NZD pair turned out to be correct. To the letter. However, the following surge turned out to become a jump not a surge. After finding support below the 1.0980 mark the pair skyrocketed to the 1.1250 level. Meanwhile, the pair’s surge was stopped on Friday, which provided an opportunity to do some pattern analysis. After connecting...
Five days ago (10/20/17), I took a long position based on the daily chart: As you can see, I went long due to the strong bullish engulfing pattern and in combination with strong technical analysis (strong short term uptrend and strong resistance line ahead, which I "expected" to be broken because of the strong bullish engulfing pattern). I bought at 1.68696...
The New Zealand Dollar just plummeted against the Japanese Yen. The fall, however, was stopped by the most dominant support, which Dukascopy analysts could discover on the pair’s charts. The support belongs to a massive scale ascending triangle pattern of the daily chart. Due to that reason a rebound is to be expected in a rather long term for forex traders. In...
THIS WAVE'S IS IN TEST. USDJPY IS GOING UP AFTER A SHORT POSTION.
The New Zealand Dollar has reached a notable support level against the Japanese Yen. The support is represented by the weekly S1 at the 0.7935 level. Due to that reason it can be stated that the rate is at a significant point. The Kiwi is either going to rebound against the support level to reach once more for the 50.00% Fibonacci retracement level at the 0.7982...
Price remains in a strong bullish trend, reaching a new historic high.
Hey traders A new idea about GBPNZD wave analysis here to get Wave C all details in chart Good luck :)
Last week the Australian Dollar encountered a resistance against the New Zealand Dollar, which caused a decline of the pair. Using that direction changing Fibonacci retracement level for pattern drawing, one can spot the medium term ascending channel pattern. The pair is expected to decline down to the weekly PP, which is located at the 1.1070 mark. Afterwards it...