The USD is in an arc structure since the bounce from major support. Price has tested key resistance and rejected three times. Although the dollar is fundamentally strong, a pullback this week is very possible. Also, we can not forget about the political shit storm that is still brewing in the white house.
Price continues to fall to new support levels, after breaking the bullish channel. Scenario One (Rebound): Price bounce from the current support level to the upside. Scenario Two (Bearish Breakout): Price falls below current support level, potentially to the next support level. Comment: Scenario two seems the most likely here as USD continues to strengthen.
Price has managed to break major support after trading in a narrow range since the start July. Scenario One: Price falls to the next support level Scenario Two: Price rebounds from support or pullbacks to resistance level
Price has remained in a short term bearish channel, where we saw price testing support. Price is now approaching key resistance. Scenario One (Bullish Breakout): Price breaks key resistance of the bearish channel. Scenario Two (Bearish Rebound): Price rejects bullish breakout, price falls to the respective support levels.
Price is falling sharply to key support of the bullish channel. The recent strengthening of the USDJPY has pushed most of the major JPY pairs lower. Scenario One (Bullish Rebound): Price rebounds from key support, as price rejects breakout. scenario Two (Bearish Breakout): Price experiences a bearish breakout, look for consolidation of price below 110.500 ...
Price quickly jumped from weekly lows last week to best resistance has seen in the chart, only to quickly fall back to the downside. Scenario One: Price jumps up to test resistance again. Scenario Two: Price falls back down the following support levels.
Price has remained in a bullish channel mid June. Now price is testing key support of this short term channel. Scenario One: Bearish Breakout Scenario Two: Price rebound to the upside, to key resistance of the bullish channel.
Price fell sharply below $7500, setting a new weekly low of $7280. Now price is testing new support level between $7300 & $7250. Scenario One (Rebound): Price rebounds to resistance, once support level. Scenario Two (Bearish Breakout): Price falls sharply below $7250, look for consolidation below $7100. Comment: Although we could easy see price spiked above...
Price has fallen back to test key support after a sharp surge to resistance.
Despite the BoE decision to hike rates, price continued its downward momentum to test key support. look for a sharp rebound from support or another dip to test key support. Scenario One (Rebound): Price rebound from key support, heading to the key resistance Scenario Two ( Bearish Breakout): Price breaks key support Comment: Scenario One is defiantly the...
Despite the BoE decision to hike rates, price continued its downward momentum to test key support. look for a sharp rebound from support or another dip to test key support. Scenario One (Rebound): Price rebound from key support, heading to the key resistance Scenario Two (Bearish Breakout): Price breaks key support Comment: Scenario One is defiantly the most...
Price fell sharply below 67.00 against the dollar, testing major of the bullish channel. The fall in price is attributed to the continued strengthening of the dollar, the poor decrease in US inventories and the concern over OPEC & Russia's output. Scenario One (Bullish Rebound): Price rejects bearish breakout, rebounds to the upside Scenario Two (Bearish...
Price is approaching key resistance of the triangle structure.
Price has remained in the bullish channel since the start of June. Price has bounced of support, a head of the Bank of Japan interest rate decision tomorrow. Scenario One: Price continues its move to the upside. Scenario Two: Price falls back to test key support, potentially to the second key support.
As seen in the chart, price has remained in the bullish channel since 2015.... Until a few weeks ago, price broke through major support. Since then price has been trading in a narrow range below the major support. Scenario One: Price breaks the narrow range to the downside, pushing and consolidating below .7300 Scenario Two: Price rise to test key...
Price has remained in a triangle since 2015, that's a long time.... Now for the first time in a while, we see a potential bullish flag. The recent bullish flag is attributed to the US Q2 GDP report, indicating the market trust in the US economy. Currently, price is testing support, which was once a major resistance level. Scenario One: Price rebounds from...
Price has remained in bearish channel since February, now price is testing major resistance. Thus, it is important to follow how price will move in the coming days. Scenario One (Bullish breakout): Price breaks key resistance, trading below $8500 Scenario Two: Price rejects breakout, falling to the respective levels as seen in the chart.
Yesterday price dropped by at least 3% as Bitcoin major ETF was denied by the SEC. Today price recovered quickly, pushing above $8000. Now price is approaching resistance as seen in the chart. Scenario one (Bullish Breakout): Price breaks key resistance, look for consolidation above $8500. Scenario two: Price falls back to support.