Macro trend analysis and price action suggests that the bull run for the US DOLLAR / DXY is not over yet, and at best, will have a small period of sideways consolidation on the Fibonacci line shown, before continuing its upside. The yellow lines shown are what I would consider reversal areas, the first one being at around 120 and the second at 160. This analysis...
BITCOIN is currently looking quite neutral after a small relief rally. We need to break the current Fibonacci Speed Resistance fan channel shown in blue in order to unlock some proper upside. This channel has been the catalyst behind quite a few recent sell offs after relief rallies. Let's see if it will be different this time around. I have linked my previous...
ETHEREUM (ETH) and other major coins in the crypto space are in danger of topping out and continuing their decline. If ETH cannot break above this current high on short-term timeframes, then the bearish Fibonacci retracement and Fibonacci speed resistance fan will help drag the price further down converting $1000 as resistance. This lines up quite well with the...
Bitcoin is looking prepped and ready for a relief rally after the 0.75bps rate hike last week. I expect a test of 200ema on the weekly, which coincides with 50ema (green) on the daily. This is where both sides of the market need the price to go in order to have a good idea of what to side to play next. Bears will be looking for rejections at these levels, and...
I am not very good at explanations so will let the chart do the talking. Those blue lines are Fibonacci speed resistance fan lines, that have identified the ATH's and areas of support for the last couple of years running. I am quite confident it is up from here, however, this is a weekly chart so there could be periods of delay through micro trends etc. We also...
Hello everyone! It has been a while since we last posted but if you check out our profile you will find we successfully called the bottom for Bitcoin at around the 29k region last month. We wanted to update everyone on the recent movements behind BTC as there was quite a sharp retrace earlier today. Whilst we hold above the 48k region, the bullish bias remains...
As you can see from the chart, BTCUSD is looking more and more likely to break out to the upside. After the bounce the true fight between the bulls and bears begin, where we will either see a new ATH or crash. Comments and thoughts are welcome!
GBPUSD has had a very successful month, recovering most of the downside since Brexit. After strong support was found at Fibonacci, I think it will continue rising and may hit 1.39/ 1.40 before we see 2021. Let us know your thoughts in the comments, don't forget to leave a LIKE and FOLLOW! :)
Christmas day breakout looks to be on the cards for XLMUSD and potentially other altcoins (correlation). XLM is currently consolidating in a flagpole formation with strong support. Likelihood is that it will continue to fluctuate for the next 5 days until leaving the flagpole zone for a breakout.
FX:USDJPY is rejecting off of 200sma and Fibonacci currently, which means it will retest the trend line shown and potentially break below, following the main trend. --------------- Hit the ❤️ If you find this helpful and want more FREE forecasts in TradingView then... . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . ....
OANDA:XAUUSD is currently holding above its fibonacci level as shown and looks to continue pushing upside towards 0.5 Fibo retrace zone, where the bears and bulls will go head to head once again to decipher the main trend. I am lazy with my descriptions, apologies! :p --------------- Hit the ❤️ If you find this helpful and want more FREE forecasts in...
FX:GBPUSD is looking likely to reverse as it has just hit a zone of traffic near fibonacci. Furthermore TVC:DXY has also continued to fall and may find a bottom soon. --------------- Hit the ❤️ If you find this helpful and want more FREE forecasts in TradingView then... . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . ....
FX:EURUSD has found support within it's current trend zone and looks like it may resume its bullish trend. TVC:DXY has had upside so far this morning, which I think will be short lived / no more than a standard price action pullback ready to resume it's downward spiral. --------------- Hit the ❤️ If you find this helpful and want more FREE forecasts in...
USDJPY has snapped back into a bullish trend after a successful retrace to 0.5% Fibonacci twice, confirming a double bottom. Red dotted lines are areas of potential resistance, white lines are fibonacci levels.
EURGBP has now turned bearish / is retracing, after successfully reaching its fibonacci resistance level.
EURUSD has continued to remain strong as shown by the chart analysis. Whilst 1.22 is the likely target, it could extend further to the fibonacci resistance shown.
USDJPY looks like it has found a top at the fibonacci resistance level shown. I would expect a retrace back down towards the fibonacci support area, potentially dropping below into a consolidation phase. Nice tight stop loss as per usual.
We have been running a fresh long with GBPUSD after taking profit from yesterdays analysis this morning. Thought it would be worth publishing the analysis now that the market has had time to settle. I would say this trade is still available for an entry.