A lot of news coming in right at a crucial time for the USDCHF. I see the more likely outcome to be that the bullish trend continuous and established itself above the 0.97532 resistance, then there will be a rather good long position if it holds up to our next resistance at 0.98618. Waiting to see once we hit that 0.97937 (green mark) for a quick gain.
If you see my other post linked at the bottom of this post, I was looking to go long and the news pushed it perfectly. Unfortunately, I was stopped out by the news spike. Price is already seeing some reaction ahead of some identified levels... A daily trendline,structure, 78.6 fib, and 1.618 fib inversion. I'll be watching price action the rest of the week and...
#BTC there is your resistance and if we dont break through it soon we may head down again. Bitfinex whales may be looking to dump from what I've seen - be alert : )
The GBPUSD pair has been soaring on the last couple of days. But it has come to a key trend line resistance on the weekly chart. A close below the trend line would indicate to me the bulls are out of steam. Go to down to a lower time frame for an entry, and watch for the overbought signal on the RSI.
GBPNZD: a correction is necessary at he neck level Less is more!
Monthly technical analysis
USDCAD LOOK LIKE A PERFECT BUY !! WAIT THE PERFECT RETEST ! TP 220PIPS
2 POSSIBILITYY FOR THIS PAIR, BUT I THINK 75%BUY AND 25% SELL
~80 Bars of bullish usage before obsolete ~20 Bars of bearish usage before obsolete
USDCHF: this is a bottom reversal to confirm later. Less is more!
USDJPY: next resistance zone as target zone. Less is more!
This is using last active wave to trace a breakthrough trend strategy. UJ need to pull down to gather an impulse to break the upper resistance line to confirm a long term bullish direction. Then will see 119- 124 zone as weekly and monthly target. Less is more!
Ichimokuclouds gives buy Signal for ZEC and trend-based fibo support it :)
Current prices are near previous lows. An increasing MACD and RSI indicates build up for a long opportunity. Higher highs and higher lows have formed in the weekly chart for Wheat, signalling recovery from the long term downtrend. For confirmation; 1. increasing MACD histogram - Check; 2a. overbought RSI levels - Check; and 2b. increasing RSI levels -...
Still some legs left, 61 RSI on the 4hr. Looking at the 4000 level as next resistance, then 4100.
If GBPUSD find some support on daily chart, ill consider to long it again up to 1.38. Less is more!
Price broke the 111 level and is potentially coming in to retest. Nice confluence of trendlines, fibs, and S/R lining up.