This week we're about to see the FED Interest Rate decision. This will most likely cause some moves and bring some trading opportunities. On EURUSD we could expect that to push price above 1,0278 and take it up to our sell zone. That's where we will look for possible short positions. The target will then be a breakout below 1,0000!
NASDAQ is looking bearish for the rest of today and tomorrow. I believe this drop will only be a pullback and not anything more. This is not financial advice. Remember to DYOR!
Hello everyone, I would like to share with the community my first analysis ever. First thing first I am in the process of learning, so all the feedbacks are more than welcome. --------------------- Let's start, I have been watching BTC movement very closely more than ever this bear cycle. Even more so as we are more likely to enter a recession cycle within the...
we saw GU break out of the trend to the downside and create new highs so we looked for price to pull back down to our key area of support and looked then for a break of structure to the upside with stops below our other support zone risk 1%
Yesterday we saw temporary rise in the EUR due to the higher interest rates. Next week is FED's turn! It looks like the market will wait for that event as well to create a clear direction. Right now, we shouldn't be selling but we're actually expecting a continuation up. Once we see a breakout below 1,0150, then we can start considering short positions.
Atom is approaching the 1st crucial resistance zone between $11.19 - 12.50 and a pullback is likely to occur there. The next important resistance located near $17.30 To go long wait the pullback or the flip of $11.19 - 12.50 zone, so you have greater probabilities for profit.
EGLD is currently one of my favorite picks. At the same time, price is not very attractive for buyers, and I am waiting for a relatively strong (12-17%) pullback before taking the buying opportunity.
Trend starting to turn bullish as for multiple other altcoins. Yet, pullback would be ideal for a good risk/rewards buying opportunity. Waiting....
pullback at 55 Ema, after that will bounce down, to keep going down deep. be careful
The pullback on EURUSD continues and it's now moving towards 1,0360 where we may also see higher values than that. Tomorrow the ECB will announce the interest rate and this will be a suitable moment to see price at our expected levels. We will be selling this pair only after a confirmation!
Yesterday, we saw reaction at 1,0200 followed by rejection. It looks like this pullback will have enough strength to continue around 1,0360 which is the 61,8 Fibonacci level on the last move. Once we see the market trading around those levels, we will look for further sell positions. Don't forget about the ECB interest rate decision that comes out on Thursday....
Last week EUR pairs experienced strong bearish pressure dropping to respective strong support levels. Eurjpy has played out a double bottom pattern and RSI bullish divergence on the support level suggesting a pullback is about to happen. EURUSD bounced on the support level and printed a rejection candle on the daily timeframe. EURAUD displays similar dynamics...
Took a long position on JKS based on following basis: strong close (top of the range) on Friday bounce from 50SMA 50 i 200SMAs show uptrend. The entry was after the break of Friday's high. We will see how it holds. I will not have a problem to sell is it turns around on me. I am still not sure of this market.
We're going to see interest rates by the ECB this week. This may lead to more volatility in EURUSD and a deeper correction. We're expecting to reach 38,2 of the last decline which is at 1.0204 level. Once the market reaches these levels we're be looking for reversal signals and new sell opportunities.
Yesterday, EURUSD created a new low and it reached 0,9950. Today, we can actually expect a test of that low and eventually a breakout. We will be looking for a possible move up to around 1,0120
The main questions that we get right now are if that's the bottom and are we going to see a reversal. The downtrend is really strong and we're expecting to see a breakout of the 1,0000 level. Right now, we're in a pullback and we would expect to have more selling opportunities once it ends. Such opportunities would be if price manages to push higher to around...
As I mentioned before, Bitcoin breaked its trend line and make a very clear pullback and drop from its MA50 and downward trenline
Like we said yesterday, the strong psychological number of 1,000 is suitable for a possible pullback. As of right now, it hasn't gained momentum yet and it's still possible to see a further push down and price trying to break below the parity level. In case of price bouncing back up, we could wait for 1,0150 and then look to enter short again!