If you are trading cryptos, you know that a lot of cryptocurrencies are bearish but Monero vs USD could be one that turns the tide. The crypto is currently trading at the support level of a Descending Triangle Pattern at 167.750 and also showing a bullish divergence on the On Balance Volume. The current price action shows indecision at the level with a doji the...
We could see the formation of a larger triangle formation into the New Year. Let's see how it plays out. It seems like the beginning of 2020 will determine the price action for the year.
ARE YOU BEARISH OR BULLISH FOR 2020?
Be courageous! State your pick.
I say bullish!
I continue my series of forecasts. Anyone, who has trades in in the crypto market, faces hard times; many are just tired of waiting when this crypto nightmare will end and altcoins will at last start growing in price. Today, I’d like analyze Ethereum, and see how Bitcoin affects ETH price.
In today's #marketinsights video recording I analyse #EURUSD and #USDJPY
#EURUSD weak on:
- US-EU potential trade conflict (airbus illegal state aid - WTO depended)
- ECB's Germans board member resignation
Medium-term #Euro led flows will hang on Lagarde's policy. A potential transition to fiscal tools will be euro positive
#USDJPY strong on:
- Dovish Evans...
Looking at recent structure, we can see the price are creating a new LH which align with previous based as well as 50% fibs level. therefor give us a chance to go short.
Traders! if you like my ideas and do take the same trade...
we broke out of the neckline from the inverted head & shoulders formation if we are able to keep above $1375 - $1400 then i expect 1st target to be $1566 by the 0.618 golden fib ratio level. now if we are able to break this with colume and momentum then next target will be $1700 (0.786) fib. $1900 is a possibility but we need to see how things develope after we...
-------------------------------------------------1hr Fill the gap at 16.10$ for long Buy set up! --------------------------------------------
Text cup and handle completing...
Gold 1D 50MA has just crossed over the 200MA, and now will retest\close and escape!
On the 1W cup and handle detected, looks to be going for curl!
Revisiting our Chart of the Day from Tuesday, where we took a look at the safe haven asset of Gold.
On Tuesday we were seeing Gold catching a bid and trading higher on the back of a softer dollar and investors cycling out of riskier assets and aligning themselves with the risk-off assets.
We discussed the longer-term setup of the head & shoulders pattern...
Those who have been following our commentary on Gold will have known 1180-1220 was our initial entry for longs when the position was anti-consensus. Once it started working we released the idea of longs towards 1345 and finally we are here after 14 weeks.
Expecting a large retrace here as bulls unwind their positions and book profits, we have an opportunity to...
In a 4hr crack, EURUSD ready to crack the support hurdle to pass-over the past. EURUSD delivering its full potential to break the gateway to run a free-fall. The 1.13362 pass-over could help the pair to attain its destination. Traders watch-over for the trend break-out. I don't wanna to restrict the trade with specifications because support-breakout is the...