The price is currently testing a massive zone of support and it looks like the bears are losing their strength. We will be looking for more confirmations before opening BUY positions and aiming for the upside. Feel free to drop your thoughts and ideas in the comment section below, fam!
If we closely look at the chart, we can notice that the price has turned bearish and it is dropping nicely, while forming Lower Lows and Lower Highs. Similar to the Bitcoin chart, the price is currently stuck in a sideways-moving rectangular range. If the lower boundary of the range gets broken, then we will be expecting the price to keep dropping till the area...
The price has been rising to the moon non-stop. As the textbook states, after a strong impulsive move, a correctional move is a must. Moreover, the price is currently testing a strong level of resistance. Therefore, we are looking forward to opening Sell positions and aiming for the previously broken zone of resistance, which perfectly aligns with the golden...
CHFJPY broke the downtrend line Price is in an uptrend Pair is above the key level at 119.70 Price is above HVN at level 120.00 which indicates that the pair is in the accumulation phase Above SMA 100 It's expected to target resistance level at 121.00
GBPCAD trading in a downtrend line price below SMA 100 and HVN around 1.7370 price below a key level around 1.7300 MACD shows the weakness of bullish momentum RSI below 50 so it expect bearish movement to support level around 1.7100
Have you heard of the unwritten rule that states "If the market is ranging, stay away from it"? If you take a look at the BITCOIN chart, you can clearly notice that the price is stuck in a sideways moving rectangle. So, what is the next move? We will closely monitor the price and look for a clear breakout+retest pattern before entering BUY/SELL positions Feel...
As it can be clearly seen from the illustration, the price is stuck in a sideways moving range, which indicates that the market is indecisive. Taking a look at the WEEKLY timeframe, it can be inferred that the price is located on a major zone of support. Our bias has turned bullish, and we are waiting for the market to grab some pace before we open BUY positions...
As it can be inferred from the chart, the price has been rising non-stop. After a strong impulse, a correctional move is needed. Therefore, we will be waiting for the price to develop first, and then look forward to opening SELL positions and aiming for the previously broken zone of resistance, which perfectly aligns with the 0.382 Fibonacci retracement...
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NZDUSD trading in a downtrend line price below a key level around 0.7040 price also below SMA 100 MACD shows bearish momentum RSI below 50 so it's expected the bearish movement to support level around 0.6860
The New Zealand Trade Balance for August was reported at -NZ$2,144M monthly and at -NZ$2,940M 12-month year-to-date. Forex traders can compare this to the New Zealand Trade Balance for July, reported at -NZ$397M monthly and -NZ$1,100M 12-month year-to-date. Exports for August were reported at NZ$4.35B and Imports at NZ$6.49B. Forex traders can compare this to...
Welcome back Traders, Investors, and Community! Check the Links on BIO and If you LIKE this analysis, Please support our Idea by hitting the LIKE 👍 button Traders, if you like this idea or have your own opinion about it, please write your own in the comment box . We will be glad for this. Feel free to request any pair/instrument analysis or ask any questions in...
USDCHF rebounded from the supply zone around 0.7280 RSI below 50 so it expects the bearish movement to HVN around 0.9180 then to demand zone around 0.9100
Pair broke the downtrend line Price is above the key level at 1.3690 Above SMA 100 MACD shows bullish momentum It's expected to target HVN at level 1.3830
GBP/CAD Signal Market Buy: 1.73130 Stop-Loss: 1.72530 Target 1: 1.73800 Target 2: 1.75490 Stop-Loss: 60 pips Risk: 0,5% Risk-Reward: 3.93