Price has made a downward sloping Head & Shoulders pattern with a test of the neckline. A break below the neckline test will clear the way for shorts down to the Head & Shoulder Target 1 and Target 2 at the next key area of support highlighted in the chart. The formation of a downward sloping Head & Shoulders pattern however indicates the possibility of even...
NZDJPY has pulled back to a previous resistance area and is in the process of forming a Head and Shoulders pattern. A break of the neckline will provide an opportunity for shorts to the 79.200 which is the Head and Shoulders technical target.
Pure price action here. Try to get a tactical entry don't just jump in. Trend continuation but wait for a bit of sideways consolidation since the last rally may be getting overextended. Any comment is appreciable. Let me know what you think. Thank you. Trade safe. Trade well.
AUDUSD has pulled back to a key level of support and last week broke out of the downward sloping trend line. Price looks to be making an Inverse Head and Shoulder pattern and a right shoulder forming on a pullback and re-test of the broken downward sloping trend line could provide a great opportunity to initiate longs up to the next two key areas of resistance...
This chart looks at rising levels of volatility in ETHUSD Rising volatility (blue line) relative to the March peak suggests Ethereum could have more room to fall against the dollar. Some near-term support around $250 could be tested if the fade in Cryptos continues. The recent move lower has been agitated by weakness in the XLK. However, the days ahead...
***$VCPS GROUNDBREAKING WINE INDUSTRY APP LAUNCH*** VCPS is an OTC Pink stock that is current and trademarked in the wine industry with a mobile app; patent pending. The wine industry is expected to continue it’s exponential growth in 2017. VinCompass seems to have a leg up on this projection with the amount of effort they have put into their brand. Special...
GBP fundamentals Thursday and NFP Friday.. should be a wild week for GJ but lets see how it respects these zones. 144 looks like a good demand zone and we know that GJ loves whole numbers.
Price foremed a rising wedge, expecting it to break above the wedge and hit top trend line the coming trading week.
My previous analysis called for USD long last week but this week it looks like we can change from bull to bear after last week price action, economic data and statements made by Fed chair Janet Yellen during two testimonies before congress we can say that we have a weaker dollar for now. Price rejected major resistance at 114.500 early in the week and has been...
Using the previous week analysis on the 4hr timeframe to confluence USDJPY weekly analysis we see that weaker dollar caused by fundamental remarks/issues and bad economic data Gold broke its trend and looks to be starting a run of higher highs and higher lows. This can be confirmed by the inverted head and shoulders pattern better seen on the daily, also a...
Square $SQ broke out of a small base in direction of the long trend, coupled with very strong volume. A pullback into the buy area would see me buy some of this stock; target is open depending on how price acts, not as shown here.
Our resistance today is at $2600. Traders are advised to exercise more caution until we get through this level and the next at $2760. These will be key resistance areas moving forward. Our focus today is at $2600. Happy trading.
Im expecting a fall to either one of the resistance levels or to the trend line
I think price will fall eventually to either one of the resistance lines.
I see further down potential in this pair will be looking for shorts at europe session monday morning www.instagram.com
It is important that we make a close above support of $2599 today. If we don't, the time in which Bitcoin reaches the $3250-$3300 price point that I've predicted must be extended. As of now, we have until July 3rd to reach it. Should we fall below our support today and close OR fall below the support line of my upward ascending triangle tomorrow, that date would...
Once again analysis here is not tough stuff. Our line in the sand today is $2760. If we close above that, it should be fairly smooth sailing on up to $3250-3300. If we are not able to break through this resistance level today, then we should see more sideways consolidation before moving upwards again. Either way, my prediction still stands, $3250-3300 by the end...