We are testing the top of the range at the 121 whole level here on CJ. A break above could see next targets around 170 pips away @ 122.70 - JPY recent weakness due to rising Covid cases. However, we are bearish on this pair and looking for sell confirmation! Let's see what happens!
Here is the daily chart on AN. We have taken profit on AN as price tagged 1.06. We have seen multiple rejections at this whole level previously. However, if you are in this buy position for the longer term, ensure you keep an eye on 1.0650! We will be awaiting opportunities or pullbacks to get back into a long position on the pair.
We are approaching yearly lows here on EU. Price is currently trading at 1.1810 100 pips away from the lows of 31st March @ 1.1706. If we see price bounce from this level it will confirm EUR strength after some recent bearish PA. However, if bears continue to push and create a new 2021 low we can anticipate 1.1624 being tested. Keep this pair on the watchlist!
Bulls have been holding price at the 1.0550 level this week, a key long term sentiment level. We have seen price bounce previously from this level. If bears continue to dominate, we could see price sink to 1.0450 before a bullish bounce. We have this pair on our watchlist and are bullish and will continue to look for long opportunities into next week!
Price is currently trading around the 0.8570 region. We have seen strong rejection off 0.8564, combined with key level, trendline and 61.8 fib level bounce. If we see a bullish candle close buyers could take control. A break through could see a test of 0.85. We remain bullish on this pair having bottomed out on the HTF and rising COVID cases weighing on the GBP.
Price has been in an overextended cycle to the upside. We are now beginning to see downtrend structure forming on the 4HR Chart, with lower lows and lower highs. Price has bottomed out at the 80 whole level. Will the channel continue to be respected?
We have anticipated this breakout for some time! Today has seen a strong bullish push to the upside and we are very likely to close outside this descending channel. Long term targets at the 0.87 level.
Have a great trading week guys!
Structure levels have been identified for EN. Bulls have been sitting at 1.6880 but will selling pressure continue and violate this support level? However, we could see a push to 1.70 once again! Have a great trading week guys!
Here we have Solana. Two price forecasts have been identified with the green arrows on the chart. 20 USD represents a strong support level with long wicks to the downside. Let's see where price heads!
Solana is a crypto startup that builds and develops crypto apps for decentralized apps and marketplaces. The startup was founded in 2018 and is based in San...
Zoom out to the Daily. Mark Key Trends and Key Levels in the market. Price currently residing around 1.38 acting as support. Break to the downside incoming?
Keep things simple. Trade these levels and overextensions.
We've seen a pullback, lower high formed and more downside over the last couple of days. We're riding price down, long term targets around 117.80
Technically wise, we have seen a break from ascending structure, overextended bullish cycle, hawkish JPY outlook, price retraced to test trendline and key level in the market.
Overextended bearish cycle, bottomed out at 0.8950. Hawkish USD outlook pushed price to the upside. Last week was flat.
Where will price head this week? Continue to the upside?
Have a great trading week!
Dogecoin is a meme coin based off the Shiba Inu dog. Doge was created in 2013 and has unlimited supply, unlike bitcoin.
Technically, we have had 3 bullish days which isn't something to take lightly, especially in this crypto dip, with price bouncing off the tagged support.
Is 40 cents a realistic target for Doge in the coming days and weeks?
We took advantage of the downside movement last week on this pair. Check out how 4HR levels have been violated. Another bearish week?
We have seen the JPY reverse last week after lockdown restrictions have eased for the majority of cities in Japan.
We are currently at a key long term level in price - a break of this level will mean further downside movement this week!
Bitcoin is currently trading in a range between 30 and 40k USD. We predicted this some time ago, as well as the strong bounce off 30k. Where will price head next? There is plenty to be bullish about in crypto right now, investors are clearly looking to long BTC anywhere below 35k. Will we finally see a break above, or further choppy movement?
Have a great trading day.
Here we can clearly see higher lows and higher highs forming, creating this ascending structure marked by the white trendlines.
Key levels have been marked, including the bottom and top of current structure.
We have seen some strong bullish pressure of recent times on this pair.
Where will price head next? Drop your predictions in the comments!
Solana, a proof-of-stake, smart contracts-enabled currency, is aiming to raise $450 million in a funding round that was extended last March. The Solana ecosystem, which is backed by Sam Bankman-Fried, founder and CEO of derivatives exchange FTX, would use these funds to take on Ethereum supremacy in the Defi ecosystem
Currently, we are trading in an ascending...