PYPL has traded back down to its consolidation zone from August-October 2020. In theory the stock could re-auction in a similar zone of 174-203 as the market gets hit. However, if PYPL continues to trade lower a test of the gap up from 138 would be the next stop. PYPL has done well in expanding their business model with integration into crypto and buy now pay...
USDCHF
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After a very active week on pound sterling we can see some strengthening for the dollar, even after the inflationary statements. I believe we're getting liquidity in this 4h supply to then continue down. Risky short with a tight stop, targetting the upcoming 38 and 50 percent fib levels.
recap:
Gold, in my opinion, has been going sideways for about 20 weeks now.
After 3 attempts to break the monthly pole support , the attempt failed.
Gold is unstoppable following rejection at 1760.920, finishing the week with a good bull candle at 1817.56.
So any pullback in the area demand zone this week is a chance to ride the trend.
If the triple top breaks...
Reasons I am Optimistic About Breaking this Resistance:
- Low Volume
- October is Coming (Q4)
- Cryptocurrency Fear And Greed Index: 26 (We've Been Stuck at Fear for the past week)
- Bullish News Coming Lately, and Possibly more is Coming in the Upcoming Days/Week
- This Resistance and Trendline has been tested enough times to have a breakout
Wait For...
Hello everyone. The recent weak China weighed on crude oil and commodity currencies, e.g. AUD, NZD.
On the daily, the key zone failed to serve as a firm holder after two tests. The below 57.33- 59.50 is the refine of the weekly demand zone.
On the weekly, we can see price retreated from the bearish structure around 77. With the slowed China's economy in the...
Price has entered new highs but so far has been respecting resistance. Im sure price will try to test resistance 1 more time at the 618 fib mark which is the green highlighted square below my resistance level (if not 618 then at least my 382). I feel like price will be here for the next week or so or maybe even consolidate in this area until we see a retest then...
US Fed matched wide market forecasts of keeping the monetary policy intact but the quarterly economic projections were the key. The policymakers not only revised up the near-term GDP and inflation forecasts but also pumped the rate-hike expectations, mostly known as dot-plot. As per the latest update, US GDP may grow 7.0% in 2021 versus 6.5% previous whereas the...
Hello Traders and Analysts,
A Note before reading - this is a forecast analysis - based upon our trading strategy. This is tagged long, due to purchasing further increments upon imbalances.
Please do not take this as face value and conduct the relevant investment strategy to successfully trade the probabilities.
Master Key for zones
Blue = Monthly
Purple =...
Daily: descending channel meets weekly uptrend line, critical level to make choice!
1H: I need 3 MA lines to assemble and price closes above those lines. Before that, sellers are still in control.
GBPNZD broke downtrend line and retested it
price rebounded from 50% fibo level
price above key level around 1.9150
price also above SMA 100 and HVN around 1.9230
MACD shows bullish momentum
RSI above 50
so its expect bullish movement to resistance level around 1.9400
Have not seen a clear signal like this before.
Though, always remember to manage your fund. Otherwise, you will lose all of your money before you can really earn
Good luck
