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.
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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 price...
Will GOLD hit 1600? YES...!
When it comes to candle stick pattern its ending with Bullish Engulfing Pattern which is caused to Bullish movement. It has very strong support at 1483.97 (Horizontal green line). 1533.67 resistance line has been crossed several times and there are more chances to cross it again and hit the resistance 2 (Horizontal maroon colour line)....
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Will BTC make a new local low this month?
BTC failed to break the downtrend resistance since 20 August 2019, resulting in a big drop to ($9,900 - $10,000) area. If the strong support established since mid-July 2019 fails to hold the price, BTC will make a new low this month.
Though there has a small pumping of BTC in the last hour, however, buying force is still...
Chart Analysis
It's a bit late, but we see on weekly and monthly chart that NYSE:K made a nice turn on long term trendline.
Last week the chart formed a nice low around the Fibonacci 78.6.
Of course, we missed the low, but maybe we get a second chance around 60$ to enter.
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Sempra Energy had a strong Earnings Report, with a turning point from negative to solid profitability. Sempra is moving up with some Dark Pool Quiet Accumulation.
EURJPY has been on the rise and has hit a clear resistance, waiting for another bearish candle then will enter with a short safe target at the 0.786 fibonacci retracement level. Risk management essential as always
This is definitely some wishful thinking but I believe BTC and EOS are turning the corner.
We have seen two waves of Higher LOWS after many Lower LOWS.
The Wild Card is definitely the breakdown of ETH. With $20B of ETH in the market plus all the ICOs who knows what will happen.
Meanwhile, I can draw charts that let me see what I want to see :)
Hello friends!
At the moment, on the timeframe DAILY, the figure "head and shoulders" is quite clear.
The target point is at the level of 6000-6050 $.
Let me remind you that "H&S" is a figure from the number of reversals and after working out this figure it is quite possible that we (BTC) can go further Up.
P.S. However, if we look at the next of our forecast,...
After a period of corrections it looks like Gulden is ready for new highs. The traded volumes where allmost flat-out, so it looks like the correction is done. We build energy to make new highs. We reached on the downside an older support/résistance area, so this could be a good turning point
Inverted Head and Shoulders had formed at 9am eastern time 12/19/17
Changed analysis for a long based on previous Daily close.
(Flow with the market not with you bias news can change the course)
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