If you look at the trading volume of pepe and market cap a x10 is very likely at a cap of 17billion $, (Currently 1.7 billion $) lets see where our lord and savior pepe is going to take us. if it reaches a market cap of 40 billion ill run naked in the streets.
No idea what im doing im just applying basic technical analysis buy 149.220 tp1: 149.350 tp2: 149.550 tp3: 149.800 sl: 149.100
I think AUD/USD will start increasing due to the fact that it will soon reach the support line, yeah thats it basically.
not much to write, i just calculated the previous distance between the old lower lows and made a buy order on 10100$
in may of 2015 there is also a historical resistance on the same spot and this pattern also proves that its a good time to sell.
The US building permits is forecasted to be 4.0% today which will have a good impact on the currency and it will give you a good entry point, a good entry point will be between 100 to 300 pips above the resistance line.
Based on fundamental analysis mostly, the federal budget is expected to change from 8 to -50 which will definitely affect the currency making AUD more powerful and the expected reaction that AUD USD will increase for a short time period of 2 to 3 days, in addition it will hit a strong support line!!
This graph analysis depends mostly on the technical side, what do you guys think?
Fundamentally the graph will obviously react to the news coming in the next few days, as you can see in the graph over the next few days if EUR/GBP reaches that sweet spot, it will be a huge sell opportunity because it will technically prove my analysis too!! , best of luck fellow traders i hope you liked my idea.
The average distance between each Higher high is 250 pips and it takes from 1 to 3 days to reach one another, based on that and a little fundamentals i think this trade will be profitable. what do you guys think?
After viewing the graph using my technical analysis and fundamental analysis i concluded that the USDJPY is in for a major drop over the next few months since it also reached the monthly resistance that it reaches every 2 months and all of the upcoming news conclude that JPY will increase the currency price making in return to have USD JPY Drop significantly, so...