This is clearly technical analysis bias they might be some fundamentals that negate this setup but for the purpose of technical analysis this what the market is presenting, Double Top pattern, easy to trade and simple to apply if you understand the rules. So good luck
Last year, I introduced Kiwi first time.
After the technical breakout, Qiwi retested red trend line.
From there it rose towards the magnets, (good attraction :-)
Should Qiwi jump above 1,626 rubles per month-closing,
than 2,000 ruble mark would be the next target.
As per the Chart
NS= No supply
DW= Demand Wave
RFSB= Resistance from Supply Bar
SFDB support from Demand Bar
SLK= Stop Loss killer
SLKB= Stop Loss Killer Bottom
DB= Demand Bar
SB= Supply Bar
EVRB= effort vs Result Bottom
My Mentors and Inspiration
Volume Analysis - Oleg Alexandrov
Money and risk Management - Dmitriy Lavrov
The price has almost reached its target level. Soon we will see a good big move upwards. After spotting the price breaking out of the descending channel and PA at work, press a buy button and enjoy your long.
Qiwi plc, together with its subsidiaries, operates electronic online payment systems primarily in the Russian Federation, Kazakhstan, Moldova, Belarus, Romania, the United Arab Emirates, and internationally.
Being interested in crypto, QIWI is one I have been looking at. They have had several crypto related stories surrounding them, such as applying to trademark "bitruble" www.coindesk.com
QIWI also launched it's own subsidiary...
This major russian blockchain technological company has not participated into any crypto rally. And I like that. Strong numbers expected for 2018 and 2019. The share price is still moving lateraly, but bulls are building momemtum. Any dip is seen as a good opportunity to Buy.
Good luck fellow traders
NZDUSD was rejected by the Fast MA line last week and it is heading towards 0.685-0.69 (nearest weekly support zone).
Cup and Handle is being formed on the daily chart.
A breakdown of 0.685 can lead to a bearish move towards 0.67.
Bulls should focus on finding bullish reversal patterns between 0.685 and 0.69 - Pullback towards 0.7 is an option.
You can read...
NZDUSD is struggling with weekly resistance zone right now - 0.73 is the top of the current zone.
If NZDUSD will manage to overcome this price zone, next resistance zone is near 0.74 and it includes completion of a bearish Butterfly pattern and also a daily structure zone that was active during the first half of 2015.
NZDUSD recently broke out of a daily...
$NZDUSD exploded higher as the rest of the Majors due to the Dollar's weakness last Friday.
Now it is reaching an interesting resistance zone - One that has generated nice bearish moves in recent weeks.
Broken uptrend line - Now should act as resistance
Psychological level and daily structure zone
PRZ of Harmonic patterns.
Interesting potential Sell Zone...