For EURNZD there is much more upside potential in the long run. However, after the recent rally, a pullback would be quite healthy. The price should be aiming for the 61.8% Fibonacci retracement area, before/if the uptrend continues.
Hello Traders 💖 On The Daily Time Frame The GBPCAD Broke The Major Key Level (Support Becomes Resistance Level) and he Broke The Resistance Line ✔ Currently, The Price is testing 1.68195-1.68603 Support Level for Creating a new Higher Low 📈 If Price Stays Above The Key Zone, GBPCAD Can Continue The Bullish Move 📈 ----------- TARGET 1: 1.69930🎯 TARGET 2: 1.71650🎯 ...
Analysis of the DXY looking at a potential bearish pullback trade. Price has recently consolidated & violated a key level of structure. Now we expect that previous level of structure support to act as resistance & be the reversal point for the next extension lower. Hope you enjoyed the video, if you have any questions or comments, please leave them below. Your...
According to the chart price has broken the up-trend and now price is testing the resistance area
Yesterday EURUSD managed to breakout 1,1000 and tested the previous top. We expect the uptrend to continue, additional confirmation will be breakout of 1,1074. The next resistance levels are 1,1154 and 1,1274. Upon decline below 1,0900 the scenario breaks down.
Hello,Traders! DXY is trading in an opening Wedge and is consolidating Below the falling resistance From where I think the index Will go down to retest the Demand level of 101.4 below Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
Hello,Traders! EUR-CAD is trading in an Uptrend but is about to Hit a horizontal resistance Level of 1.491 from where A bearish correction And a move down are To be expected Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
✅EUR_GBP price went up sharply But a strong resistance level of 0.886 was hit Thus, as a pullback is already happening And a move down towards the target at 0.883 level shall follow SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
Traders, Alts are sitting precariously on a level of support right not. Will that support hold or will it fail? Let's look to the charts to find some more clues if we can. Stew
Bitcoin had a painful 2022. But the digital currency turned bullish this year and is now marching higher. GBTC is an exchange traded fund that holds Bitcoin but trades like a stock. So regular investors can get exposure to crypto without the hassle of digital wallets or sketchy cryptocurrency brokers. The stock is currently wedging on decreased volume. This is...
Spy will be pulling back to test support in the 396-401 range - point target 400 by 4/21/2023 Can happen as fast as Wednesday 4/19 but I'm playing 4/28 407 puts to give it enough time. Needs to breakdown near term support in the 405-407 range but ultimately it needs to test 400 before making next leg up. Will re-eval after 400 but likely will be an opportunity...
D1 - Price respected a key resistance zone and is bouncing lower. Bearish divergence. H1 - Bearish trend pattern. Currently it looks like a pullback is happening. Until the two strong resistance zones hold my short term view remains bearish here.
On the chart, we can see an inverted head and shoulders been broken. The current level is being tested, and we therefore expect a pullback to the neckline, where we will take our entry. William Alligator implies continuation to the upside, after expected pullback. Stop-loss, target and ROI are shown on the chart. Good luck!
✅CAD_JPY will soon retest a key resistance level of 101.000 So I think that the pair will make a pullback And go down to retest the demand level below around 99.175 SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
Technical analysis using the Ichimoku cloud indicates that Ethereum is approaching a resistance level around the HKEX:2 ,200 price range. This resistance level suggests that Ethereum's price may experience a pullback or even lower lows from this point. The Ichimoku cloud is a technical analysis tool that uses a combination of indicators to identify support and...
Hello,Traders! AUD-JPY has hit a horizontal Resistance level of 90.05 And already pulled back a bit So I think that we will see A further bearish correction Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
There are multiple factors in place indicating that a reaction may occur in the near future, and I will be keeping an eye out for potential buying opportunities. Specifically, I am taking note of an upward trend line that has been in place since October 2021, as well as a downward trend line that has been in effect since January 2023.
Could it be a M Pattern playing out?? time will tell. A pullback would be healthy right now.