Fridays and Mondays are the most important trading days of the week. A lot of traders will rebalance their portfolios at the beginning or end of the week, and then simply hold through the week. These days also signal something about the news environment. A down Friday typically signals that traders fear bad news over the weekend, and a down Monday signals that bad...
Needs to break above .52 to begin a new uptrend.
Breaking below .485 could send us towards .45 then .40.
I even can see a case for a retest at .33-.34 in a worst case scenario.
However, if 2017 taught anything is once XRP begins to climb a short strategy is a quick way to get rekt. The true short trade was weeks ago in the .70c region.
The DOW is looking to go down, it tried to rally today but failed and made a good short opportunity.
The previous wide bar can act as a support, tommorow u should look for a breakdown of that arrow and buy at the test of the breakdown.
The other scenario is if the support holds then look for upward motion to the upper end of the range.
EURUSD on the daily chart has just retest the previous low, traders who are looking for a shorting opportunity could wait on the trendline on the 1hourly chart to short if the candle didn't break and close above the trendline or wait for the market retest to previous high at 1.1726 on the key resistance area.
I've done an Aggressive Sell as the market hit the previous support that happens to be an important turning point. I'm seeing that the market will have a last retest on the Key Support Level before any true bullish movement.
Having a NO Brexit Deal, I do expect Euro to fall than to rise when Monday market opens. A great scenario is to wait for the market retraces back into the sell zone for shorting opportunity or wait for a break and close below the lowest low(1.1688) for a break-out trade.
we will try to implant a new point of view on the markets today. What if I told you that there is a tool that can find a bottom in the AMEX:SPY market?
This tool exists and is called CBOE:VIX .
If you compare these two graphs, you will easily see, that almost every extreme in the VIX market found the bottom in the SPY market.
We will now see a moment of decision.
If BNB stops the fall and returns to rise, then we will know that it is in a primary uptrend, which reassures all of us that we have their currencies.
But (!) if that falls beyond the point of 15.33 on the daily candle, then we are experiencing a big downtrend and it is better to get off the boat.
I believe in...
DE30 Index completed the reverse head&shoulders formation and now going for the target of this formation.
13230 is the last target for this movement. After that we have to watch carefully if it can break the resistance of 13230. This resistance is coming from May 2018, it tested two times but couldn't break.
My probable scenario is to bounce back from the...
First of all want to mention as AUDCHF is in down trend and as swing traders there is a price reversal opportunity in daily chart where we can have buy trade.
Let me explain you; If you can see there is a very strong support at 0.66913 where couple of time tested and its already hit the 0.786 fibo level as well. In the meantime previous day candle is closed as a...
Must Read It;
Why its so bearish according to the technical analysis.
If you can see closely that candle pattern create an "Evening Star" pattern which is caused a bearish movement.
If you can see the circled area which is RSI line crossed the 60.49 horizontal line, if its crossed the 60.49 it will keep go down for certain period, which is a bearish...
Seems EURUSD will be more bearish. but there are two strong support lines which is tested several times. if its crossed the both support it will reach the fibo level 1.
RSI showing price is down as well.
TP's mentioned in the green box.
Note: Trade at your own risk and this analysis is not based on any economic or geopolitical news.
Comment and like us.
What i think is according to daily chart EURNZD will be bullish but before it bullish, according to 1H chart, price go down and will be bullish coz 1 hour chart closed with bearish engulfing candle pattern.
MACD indicator showing that price will bullish in daily chart and there is white worriers candle stick pattern in the chart as well, which is caused a...
Read the explanation.
If you look at the chart carefully you can see the bearish ares which is marked in the yellow colour boxes performed with bearish engulfing and each and every time we meet the bearish engulfing pattern price goes down.
In the meantime price was retracing from 0.618 febo level towards to 0.786 level which is bearish movement is continuing....
Reading is must.
If you see the RSI indicator shows that when it comes down and cross the 50 horizontal line price goes more bearish and we can predict this time that price will be more bearish too.
According to the Fibonacci retracement price was rejected to move lower than this well tested support line from price 115.970 and fibo level of 1. And again...