In 1 we have an increase in volume followed by a sharp upwards movement, till 2 where the volume flats and can change in the comming days. Expected retraction at 61,8% and 50% fibonacci levels, followed by another move upwards.
Please comment on what needs to improve in the analysis.
As the previous movements show an upward trend, a correction is essential. but it's pretty hard to say the bulls are tired or the direction is changing. So in my opinion as I marked on the chart, a sell order at this current price and another buy order on the marked (long) point is probably achievable and profitable. BINANCE:KSMUSDT
Presented is the EURSD day chart. This is a detailed technical/fundamental analysis of potential direction with extreme correlation to DXY playout.
As seen on the chart there was a high volume breach and close out below 1.21000 to close out the market. This was largely due to overnight news of Biden’s stimulus plan which sparked positive sentiment for investors...
Overall, EUR/JPY is ranging across.
Currently, EUR/JPY is testing to break below the key level of 126. Its next support zone is at 124.750 and the next resistance zone is at 126.800.
Look for selling opportunities of EUR/JPY.
Overall, GBP/USD is trending upwards. Recently, GBP/USD bounced down from the key level of 1.37000
The UK GDP m/m data (Forecast: -4.6%, Previous: 0.4%) will be released later at 1500 (SGT).
GBP/USD’s next support zone is at 1.34800 and the next resistance zone is at 1.37800.
Look for short-term selling opportunities of GBP/USD.
Overall, GBP/JPY is trending upwards.
The UK GDP m/m data (Forecast: -4.6%, Previous: 0.4%) will be released later at 1500 (SGT).
Currently, GBP/JPY is testing the resistance zone of 142.200 and its next support zone is at 140.000.
Look for short-term selling opportunities of GBP/JPY if it bounces off the resistance zone of 142.200.
Overall, AUD/USD is trending upwards. Recently, AUD/USD bounced down from the key level of 0.78.
AUD/USD’s next support zone is at 0.76800 and the next resistance zone is at 0.79100.
Look for short-term selling opportunities of AUD/USD.
Overall, GBP/USD is trending upwards. Recently, GBP/USD broke above the key level of 1.36 amid the optimism sparked by the post-Brexit trade deal.
Last week, the UK Parliament approved the post-Brexit trade deal.
Also, it was reported that COVID-19 second-stage vaccination for the 500,000 people who have received the first vaccine in the UK will be delayed for...
Overall, EUR/USD is ranging across. Recently, EUR/USD bounced down from the resistance zone of 1.21800.
EUR/USD’s next support zone is at 1.19800 and the next resistance zone is at 1.21800.
Look for selling opportunities of EUR/USD.
Overall, USD/JPY is ranging across. Recently, USD/JPY broke below the key level of 104.
USD/JPY’s next support zone is at 103.000 and the next resistance zone of 104.600.
Look for short-term buying opportunities of USD/JPY.
Overall, GBP/USD is trending upwards. Recently, GBP/USD bounced down from the key level of 1.37000
GBP/USD’s next support zone is at 1.34800 and the next resistance zone is at 1.37800.
Look for short-term selling opportunities of GBP/USD.
The Yen has been underperforming for the most part, but is now in danger of a more pronounced reversal towards 103.50 vs 102.60 or so at the other extreme, while the Franc has recoiled back through 0.8800 and Loonie is losing touch with buoyant oil prices due to the scale of its US counterpart’s revival to trade nearer 1.2720 than 1.2630 peaks in the run up to...
Gaming stocks have been on the move since last summer & ZNGA is no exception if the broader market maintains strength we could see this one making new 52 wk highs very soon & longer term having room 2 run if gaming develops along the arc described in the chart above.
I've recently been diving into the stock market world and the realm of technical analysis. I started reading a book written by William O'Neil called "How To Make Money in Stocks". To keep this short, he discusses a chart pattern called the Cup with Handle. So after reading about this a bit I decided to go out and find one on my own. Well I think I found one...
