In my comment yesterday, I mentioned that the price was trading within in a thight range, making it better to say on the sidelines until there is more clarity. Although the price briefly broke below both the 2635 and 2620 supprt levels, it quickly reversed and moved back above them. This suggests that bulls remain strong above the 2600 level,indicating that...
Bitcoin has broken through the 100k mark and also emerged from a bullish contracting triangle pattern. The price had been accumlating around this area for about month until this new bullish continuation pattern took shape. It appears that BTC wont stop easily this time. The Targets for this bullish contiuation movement are pysological levels,considering where the...
This week has been realtively quiet for gold traders with a price confined to a narrow range between 2635 and 2655 in fact a side from a few brief spikes , the price remains largely unchanged from fridays close. Looking ahead, this tight range is likely break in one direction or the other. As mentioned, the key levels to watch are 2655 and 2635 a breakout above...
Hey Traders I analysed this chart on GBPCHF and concluded the following The market is trading on 1.1227 pivot level Bais Bearish Target 1.1185 Stoploss 1.1257 WISH YOU ALL LUCK
USDJPY has completed bullish wedge pattern, and the price is rising again. It seems the market intially overreached to the BOJS comment about rate hike pushing the price down to many pips too Quickly However, its worth noting that the market may remember the BOJS inconsistency in their statements and their frequent failure to keep promises This week the focus...
Here a summary of your XAUUSD Trade plan Trade Plan Entry point 2650 Target 2680 Stoploss 2640 Market Analysis The XAUUSD is experiencing a strong uptrend, driven by a weakening US Dollar and increasing geopolitical tensions. The recent breakout above 2635 has opened up the possibility of fruther upside movement. Technical Analysis RSI indicator The...
CADJPY is falling down and the pair is locally oversold so after it hits The horizontal support level of 105.00 we will be expecting a local Bullish correction Buy
Here is our Detailed technical review for Silver The price is testing a key resistance 30.989 Taking into consideration the current market trend and overbought RSI Chances will be high to see bearish movement to the downside at least to 28.202 level
GBPCHF had been trading in a consolidation for two weeks before a significant news release caused the pair to become bullish. The price successfully broke through a resistance level on a 4 Hour Chart, indicating a potential Bullish movement Ahead. The Target levels to watch for are 1.1260 and 1.1287.
My Dear Followers EURGBP looks like it will make a good move, and herebare the details The market is trading on 0.8286 pivot level Bais Bullish My stoploss 0.8267 Target 0.8319 WISH YOU ALL LUCK GUYS
During todays asian session i shared a long startegy with a target of 2635_2643 Currently, the price has risen above 2635 and we have secured our first profit of the week. Congragulations to all who followed my startegy. The price is still on an upward trend, and rise to around 2640 should be achievable . At that point, we need to pay attention to the resistance...
In my previous post about USDJPY i highlighted the potential for JPY strenghtening due to repatariation refercing smilar trends observed last year and usually in December. After reaching a high near 157, USD|JPY Began to decline and now testing the cirtical 150 level. At this point a technical rebound is possible , but i view it as a selling opportunity. My...
My Dear Friends This is my opnion on the BTCUSD next move The instrument tests an important psychological level 97066 Bais Bearish Target 96500 WISH YOU ALL LUCK GUYS
Here is detailed technical review for USOIL The market is appoarching a key horizontal level 68.12. Considering the todays market price action probablities will be high to see a movement to 71.74.
Hello Traders Technical Analysis Price Action Ethereum has been broken above the cirtical resistance Zone near $35,546 now acting as support confirming bullish momentum. Structure: After sharply rally, the price is consolidating just below the $36,41 level.This indicates a healthy pause in uptrend, forming a base for fruther upside. Support: The $35,46 zone...
GBPCAD keeps growing sharply and the pair is locally overbought so after the retest of the Horizontal Resistance of 1.7878 a local bearish correction is to be expected sell
NZDCHF completes a bullish triangle pattern on the 1 hour timeframe.This trade is inherently risky, conserding that CHF has been strong for a long time. However, it could work fell for a short term trade. Additionally, after the better than expected GDP data from switzerland, CHF has not reacted so far, increasing the chances for NZD to begin bullish wave. iam...
GOLD is runing in buy since 1 hour Now we have to put buy order. Gold continously dropping since last week Now i think it is Readh to fly Now iam going to take position from 2657 MY TARGET 2680 MY STOPLOSS 2648 Trade with your own risk Best of luck Buddies