Hello, Traders!
USD-CHF made a pullback to the strong resistance structure
Now,judging by the price-action
It will go Down from resistance
And fall to the minor support
But it might fall further too!
SELL!
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Hello, Traders!
GOLD broke out of the bear flag it was trading in on the daily chart
And now it has hit a local resistance level
And we are seeing a nice bearish reaction
I think we might see a retest of this resistance
If bulls are strong enough
But ultimately a correction is due after the breakout
Thus I expect Gold to...
Hello,Traders!
GBP-JPY is going up nicely to face resistance confluence
There I believe it will stop rising and will start falling
I expect the pair to push lower
To retest rising support line
Sell!
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BTCUSD formed a double TOP
And is trading near resistance
I think it will go down and retest the support
Strong SELL
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Evening Trader’s,
Today’s Technical Analysis – XTZBTC- bouncing off from its trend line, an area of significance for the overall market structure
Points to consider,
- Macro trend line holding
- Structural support confluence
- Resistance test sell off
- RSI below 50
- Stochastics buy cross
- Volume below average
XTZBTC is respecting its macro trend line...
Hello Traders,
Quick update today on BTCUSD, where we have a potential long opportunity
Points to consider,
- Trend consolidating
- Local resistance to break
- EMA’s neutral
- Stochastics neutral
- Volume declining
BTC has been consolidating on this lower time frame in a descending broadening wedge formation, which can be a bullish continuation.
Local...
Hello Traders!
Today’s Chart update will be on EOS/BTC, we have a potential diamond pattern coming into its apex, suggesting that a break in either direction is imminent…
Points to consider
- Trends is overall bearish
- Local support and resistances are posed by the diamond formation
- Structural resistance in confluence with diamond bull break
- Stochastics...
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According to the relative volatility index indicator, BTC volatility recently tested another lowest low. Last time Bitcoin volatility was that low only 2 years ago, in October 2016. It shows an extremely strong accumulation phase, which is currently ongoing. A bullish breakout is something that most...
Ethereum Classic found the bottom at $12 after which it started to move up breaking above the 200 Moving Average. The price patter shows that ETC/USD produced higher highs and higher lows, suggesting the beginning of an uptrend.
At the same time ETC continues to bounce off the uptrend trendline and currently trading very close to it. Current support is seen at...
Dash has found the support at $278 where it formed a double bottom. Following wave up resulted in the break above the downtrend trendline and the 50 Moving Average, suggesting the change in trend or a correctional move upwards.
The nearest support is now based at $300 area, which is the trendline and the moving average breakout point. It is likely that the price...
As we can see here on NZD/USD Chart there a lot of possibilities based by support and resistance (weekly strong) so either long (bounce) or short (a breakout), either way just waits for confirmation candle so we can minimize risk
safe and happy trading
DailyFx=
Trend : Up
Volitility : 15%
News=
NZD Bearish
USD Netral
