There are many signs that shows US30 will continue uptrend! 1. Horizontal support line 2. 38,2 Fibo 3. Third touch of trend line 4. Breakthrough of minor trendline 5. Yesterday's candle close in form of bullish pin bar
USDCHF Breakthrough strong support line from D1 chart. After that, makes correction around 38,2 Fibo. There is a horizontal resistance line at the same level 0.9900 Possible Take Profit of Short position may be Fibo Expansion Level, around 0,9810-20
After successfully done its triangle, the currency pair EUR/NZD lost around 400 pips of its value. From 1,7700 to 1,7335. Now EURNZD meets 3 support lines in one zone: EMA; D1 trendline (third touch); Horizontal support line from previous bottom. We expect a downtrend to continue, but before that, a correction around 1,7420 - 60, where are 38.2 Fibo and...
First of all, head and shoulders is a reversing trend formation! Second, there are two types of formations - Head and Shoulders and Reverse Head and Shoulders! Head and Shoulders may be at the end of an uptrend, while Reverse Head and Shoulders may be at the end of downtrend! As i mentioned, H&Sh is reversing trend formation! So if we talk about uptrend, we have...
The technical analysis is a simple method of market analysis, but when we talk about BTC (especially BTC), we must look beyond standart trendlines, indicators and other instruments ot technical analysis! What the TA show us? In the last months we have strong downtrend and by the TA rules, we have to looking for short positions! If we focus around these days...
EUR / AUD has a very good trend on H4 chart. I think it is possible to make another up spike. The chart shows fourth touch of a trend line, 100 EMA, break and test of a micro trendline! Be careful with weekly chart, last candle is very bearish signal. If this one close around its open levels, we can see new down trend.
The currency pair EURJPY is in downtrend form many days, the reason is partly because of the drop in the EUR and a rise in JPY. Now we see 4 resistance from downtrend, horizontal level, fibo and so on. But also there is forming a new trend in the border of old one! We see a bottom around 116.00, after that the price forming a top around 119,70, The next bottom...
Many fundamental factors suggest that the BNB is currently undervalued! Let's look at some of them: Binance is the largest crypto exchange in the world by trading volume and users; This week starts trading of Amun BNB ETP (ABNB); Binance Lending Products; Binance US; Binance Margin trade; And much much more, so consider buying some BNB in your portfolio!
AUDUSD has make its correction around 0.6810. At these levels the price met seriously resistance from: 1. 61,8 Fibo from H4 downtrend; 2. 38,2 Fibo from daily chart (19.07.2019 - 01.10.2019); 3. Daily trendline; 4. Horizontal resistance line.
H4 triangle D1`pinbar 11.10.2019 It is best to wait for a test of the figure!
The price forming reversal Head and Shoulders on H4 chart. First tried to break the neckline is failed. Wait for signal Long
USDCAD After 2 day bearish candle, we expect to continue the down movement!
The weekly candle close very bullish. After that, the price make correction, where three support areas are intersected! 1: 0,5 Fibo 2: Horizontal support line from previous top 3: Support from trendline
The currency pair AUD/CAD has many reasons to sell. 1. We have a day candle that closes very close to its lowest level! 2. The 4 hour chart has reached 61.8 Fibo! 3. And At one hour we have a wedge correction at levels around 38.2 Fibo from last down move. What do you think?
After the big white day candle from 02.10.2019, we expect to continue the upward movement. A correction to 38.2 Fibo is possible, where there are support levels from previous peaks.
Reasons to buy GBP: 1. We have a breakout and test of D1 trendline! 2. The same level metches with horizontal support line, built on candles from 27 and 28.08.2019. 3. The horizontal support line metches with 50% Fibo. 4. On a Daily chart we see 2 pin bars, from 01 and 02.10.2019. To be sure, we have to wait until the price breakout H4 resistance line and test...
BTC is in flat trading in last several days. H1 chart shows return from 61,8 level of Fibonacci. It's a good moment to buy some BTC for long term portfolio! Philadelphia Federal Reserve bank president Patrick Harker said on Wednesday: "It is “inevitable” that central banks including the U.S. Federal Reserve will start issuing digital currency, Philadelphia...
Break the H1 trendline Reversal H&S Test aroun 1.0940 - 30, and go up