BTCUSD is approaching our first resistance at 5991.7 (horizontal pullback resistance, 23.6% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 5151.5 (100% Fibonacci extension). Stochastic (21,5,3) is also approaching resistance and we might see a corresponding drop in price. Trading CFDs on margin...
USDJPY - COT: SLIGHTLY BULLISH SENTIMENT // Interest Rate: -.10% (last change – January, 2016) W1: New higher high created, new up trend established, Break of monthly DTL D1: Uptrend broke thru the accumulation and now reacting in the supply zone. This could bring pair lower for corrective move as Dollare index is retesting and bouncing from broken UP...
Midterm forecast: There is no trend in the market and the price is in a range bound, but we forecast resumption of uptrend. Technical analysis: . The RSI bounced from the support #1 at 26 and it prevented the price from more losses. . The RSI downtrend #2 is broken, so the probability of resumption of uptrend is increased. . Price is below WEMA21, if price...
Ark (ARK) is getting ready, this chart looks really good and we have great potential here. The Altcoins market is getting hotter and hotter, and we are looking right on schedule for our May/June bull run. So let's diversify as much as we can, positions ourselves as early as we can, so that we can later maximize profits as much as we can. I always mention big...
from my point of view i see that we have reached the s/d zone and price is forming a support zone with several penetration and break attempts. I will wait for this support to break before entering a short position. Alternative for this short is a break through the "2015drop zone" and a long trade after a close above. Epic chart with simple view ;-)
SD seems to be undervalued due to news. Looks like a good opportunity to buy in and hold.
i think the break out is confirmed on the DXY because he brak out the long tie tdowntrenline since almosst high 2016 then after technically he do the pullback on this t-line and bounce on sharply. so we can say for short and middle time the dollars is back in da place first target easy at 94.05 me i entry on since friday and i have a traling stop now. he can go...
*Long $JPY, preferably buy limits at 105.5* 1. at 105.5 there are 3 significant UNSUCCESSFUL tests of the level over the last 3 years thus it is a great entry point. Also another plus is if you look at the monthly chart you will notice 105.5 is the 2nd most important level in $Yen's 20y+ history, the 1st most important/tested is the 101 level. 2.Further, over...
after a good run up from AUD strength after RBA became less dovish in their latest RBA minutes, there seem to be some weakness in the following pair once again Price seem to be stuck in a range between a demand and supply zone. A break of either of these zone is required in order to play potential longs or shorts from the origin. my bias is however, a short on...
Potential CADJPY demand area after a strong rally from the same area.
On Daily chart I found demand zone at 1.06608 - 1.07347. There are two thinks that makes this zone very interesting: 1) Good profit zone: there is no opposite supply until 1.17500 - 1.18581 2) Bear trap: at point A we have important pivot low. Breaking this point will attract many people to sell.
Very nice looking demand zone at 1.23055 - 1.23981. Wick below 1.23055 (A) proofs buyers dominance at this level.
After aggressive bounce off the demand zone price rides deeply into supply zone at 122.575 - 13.378. At this level we have low risk high reward opportunity to sell. I set initial target just before last pivot low, beacuse there can be some demand left inside zone at 118.455 - 120.172.
EURJPY is trapped between supply and demand zones on high timeframe. Supply zone seems to be stronger beacuse of long wicks near 140.00 (wicks are made by buyers-sellers imbalance in this area) and pattern type - Rally-Base-Drop.
There are two reasons for qualify this area as high probality opportunity: 1) Gap after RBD pattern (A) 2) Very strong return move - novice traders are buying into supply zone and there is great risk-reward ratio (no basing below).