EURUSD still has a chance to rise, but this week may show a pattern of slow growth, this week (Dec. 14-18) range 1.2060-1.2240.
Hi everyone, Let me be clear. I would NOT like this to happen. However, given where Bitcoin is in its market cycle as well as technical reasons after this very powerful rally from March 2020 lows, it does make a lot of sense to expect such price action unfolding over the coming 6-8 months. I am not saying that it will certainly happen, but I believe it could...
This MTF Killer Zone, its drawn when yesterday or the last period closes, it so powerful . The way I use it is buying and selling as a support and resistance zone (but its not support and resistance analysis) or at a retest when it break, and if its not touched by the price today or in the current period ... than the zone will be still valid for any time in the...
This MTF Killer Zone, its drawn when yesterday or the last period closes, it so powerful . The way I use it is buying and selling as a support and resistance zone (but its not support and resistance analysis) or at a retest when it break, and if its not touched by the price today or in the current period ... than the zone will be still valid for any time in the...
Just like the dollar, EURUSD is in the midst of completing its 5th motive wave of a 9-month Elliott wave. The euro weakened a little and consolidated just before the ECB announced increased bond purchases. Upon the announcement, EURUSD gained on selling expectation and buying the fact. It managed to stay afloat just before the week ended, thus we can assume...
GBPUSD had one of the biggest weekly falls in 3 months after yet another rejection at the 2.5-years major supply zone 1.34 area. It was forming a bearish Gartley in the daily timeframe while, at the same time, completing the 5th motive wave of a 9-month Elliott wave. The pound is constantly under pressure due to breakdowns in Brexit talks which is most likely...
If we follow the basic of Elliott wave, the dollar is already forming its 5th motive wave in the weekly timeframe. Last week, the dollar fell into a consolidation in the midst of the 5th motive wave. Apparently, this is the 4th corrective wave in the H4 timeframe and that means it will be forming its 5th motive wave very soon, probably this coming or the...
The EURUSD has now stabilized above the 1.19 round and closed near 1.1960 on Friday. The upward trend of the pattern is upwards, facing the 1.20 integer mark at the top, and will break upward after shocks.
The GBPUSD closed above the 1.3300 round on Friday, and the overall trend is still upward. Pay attention to the 1.3300 round support. If the US dollar index continues to weaken and non-US currencies such as the euro rise, the GBPUSD will still move upward along the yellow trend line.
NZDUSD is above the 0.7 integer support, and it is the strongest currency in the near future. It may fall back to near the 0.7 integer in the short term, and then continue to rise. In the near future, look at 0.7080-0.7100.
A quick look at the EURUSD and last week saw price hold comfortably above the Daily 20-EMA. Potential targets above at the 1.20000 and 1.240000 levels. Entries from the 20-EMA at 1.18150 to target the levels above. Price looks to be nearing the end of this contraction zone and ready to break out to the upside. However, there could also potentially be a...
AUDUSD is currently above the support of 0.7360, and the upper 0.74 integer resistance needs to be broken upwards. The overall trend is still multilateral, especially the NZDUSD to rise, AUDUSD is expected to continue to keep up in the future, it is recommended to take the fall back support as the main operation.
GBPUSD has climbed to its previous high forming a double top, which coincides with an extremely long term falling trendline and a 2 year supply zone. This is definitely an area of interest with strong resistance, thus we could look to continue selling GBPUSD at least back to the support of current rising trendline. This week, await a pullback should current...
USDCAD has started a third wave of downtrend after retesting a support turned resistance zone and is currently retesting previous low of the second wave of downtrend. Should price be able to break below this level of support, there would be more downside available for USDCAD. This week, await a breakout, then continue selling USDCAD when it pulls back....
RLCBTC bounced on weekly support and now the price is testing daily resistance. IF the price will have a breakout upward, We can set a nice order on the retest, According to Plancton's strategy, we can set a nice order ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure...
The dollar fell with conviction last week and broke out of a symmetrical triangle. This marked the end of a 4th corrective wave and the 5th motive wave has just begun. With the election coming to a close, the dollar is set to fall with some major uncertainties off the table, especially since the winner is Biden. Wait for pullback and sell the dollar.
NZDCHF Analysis: Looking to buy from the below demand zone between 61 and 78 Fibonacci level. Trend: Trend Reversal on break of last lower High in NZDCHF. Trade Idea:NZDCHF was retracing downward from 1st September. it was in a clear bearish trend due to four consecutive lower lows. Recently due to a massive upward move and break of last lower high, trend has...
After failing to break above past historical high 1921, the gold fell and ranged, and eventually broke out of a 1-month rising channel. The gold continued to find support at 1894 but failed to gain any bullish momentum. It finally gave way to a plunge as central banks started to sell their gold reserve to support their economy against the second wave of the...