H4 chart shows that pair is in consolidation within broader upward trend. There is currently an attempt to initiate a rebound from support. It seems that in nearest future price may grow towards last two highs. You can consider long position.
H4 chart indicates a bearish trend. Currently there is a rebound from local resistance which is on level of previous high. If trend does not change, then price should go towards last low. In this context you can consider short position.
Bearish pin bar under confluence of resistances (Fibo + Trend line + march and april highs). Last time price tested that zone, we saw more than 250 pips downward move. Can the current pin bar move the price in the same direction?
Bearish pin bar under confluence of resistances (Fibo + Trend line + march and april highs). Last time price tested that zone, we saw more than 250 pips downward move. Can the current pin bar move the price in the same direction?
EURCHF is stuck for 3 weeks between support 1.0870 and resistance 1.0980. Moreover, during this period price respects established downward trend line . Another test of this line took place today and again ended with a sharp bearish reaction and a move towards 1.0870. Clearly there is no place to continue current movement. From below we are getting close to...
EURCHF is stuck for 3 weeks between support 1.0870 and resistance 1.0980. Moreover, during this period price respects established downward trend line. Another test of this line took place today and again ended with a sharp bearish reaction and a move towards 1.0870. Clearly there is no place to continue current movement. From below we are getting close to support...
Since May 5th, on USD/CAD 0.17% has been taking place almost continuous downward movement. A broader view on daily chart shows that we are dealing with a long-term bullish trend . From mid-January price moves in a upward channel. Currently price is at its lower edge, and last Thursday there was an attempt to initiate a rebound. Technically, there is a chance at...
Since May 5th, on USD/CAD has been taking place almost continuous downward movement. A broader view on daily chart shows that we are dealing with a long-term bullish trend. From mid-January price moves in a upward channel. Currently price is at its lower edge, and last Thursday there was an attempt to initiate a rebound. Technically, there is a chance at least for...
The downside trend for AUDNZD is doing great. Supply once again proved on Friday that it is in power. Significant support at 1.0570 was broken, and today we have seen return to this level which was tested this time from below, confirming the polarity reversal principle (broken support becomes a resistance). Next supply targets are in the following order: 1.0500,...
The downside trend for AUDNZD is doing great. Supply once again proved on Friday that it is in power. Significant support at 1.0570 was broken, and today we have seen return to this level which was tested this time from below, confirming the polarity reversal principle (broken support becomes a resistance). Next supply targets are in the following order: 1.0500,...
After rebounding from support confluence, BTC/USD reached another smaller resistance. 2 scenarios possible
Support zone stopped stronger losses, but currently another smaller S/R zone occured (strengthen by Fibo retracement)
BTC/USD broke below 2000 finding itself inside the support zone (confluence of Fibonacci and high from the first part of the month). Now we should observe H1, H4 and D1 charts waiting for some Price Action buying pattern ( pin bar , inside or outside bar). If bears break below current zone, the scenario will change to the selling one - potential re-test of the...
BTC/USD broke below 2000 finding itself inside the support zone (confluence of Fibonacci and high from the first part of the month). Now we should observe H1, H4 and D1 charts waiting for some Price Action buying pattern (pin bar, inside or outside bar). If bears break below current zone, the scenario will change to the selling one - potential re-test of the newly...
In the last analysis of AUDUSD I pointed out a clear bullish channel that occurred as a correction of dynamic bearish impulse. Yesterday support – lower limitation of this channel -was broken, according to the assumed scenario. Traders who entered immediately after breakout could secure their position, for example, over 20-period SMA, what when reaching the...
In the last analysis of AUDUSD I pointed out a clear bullish channel that occurred as a correction of dynamic bearish impulse. Yesterday support – lower limitation of this channel -was broken, according to the assumed scenario. Traders who entered immediately after breakout could secure their position, for example, over 20-period SMA, what when reaching the...
USD/CAD – after yesterday’s rise, demand is clearly beginning to weaken. H1 chart shows very narrow consolidation. It takes place at top edge of descending channel . The wider trend is also bearish , so bears can make use of such large correction. In this context, you might want to consider short position.
USD/CAD – after yesterday’s rise, demand is clearly beginning to weaken. H1 chart shows very narrow consolidation. It takes place at top edge of descending channel. The wider trend is also bearish, so bears can make use of such large correction. In this context, you might want to consider short position.