Approaching major support zone of 1.12 where a partial reaction is likely to be seen. If 1.12 is taken out then 1.06-1.04 is likely to act as a firm bottom and a swift reaction towards 1.28 is likely to be seen.
Bullish Indicators: 1) Support zone 0.73800 Bearish Indicators: 1) LH LL 2) Downward trend on 1H 3) Resistance zone 0.74110 Plan A: Currently trading in downward trend one can take short position from here for the target of 0.73187. Plan B: If the upper descending trendline broke with good bullish candle one can take long position for the target of 0.74644.
Approaching Breakout on 4-H Time Frame. Successful Breakout will pave path towards 0.92240. 0.90850 is now likely to act as an immense support zone.
Overall bullish but EOS could re-test 4.30. Expecting a good reaction from this range towards 5 initially. However stronghold above 5 should open next move towards 5.50 followed by 6.20.
BTC could take a deep retracement towards 55-53k. This will be an opportunity for Dip lovers as next leg will take it above 80k.
EURJPY is constantly moving in a parallel channel and reached at a support zone. If we try to find a bullish sentiment there are some indications like support from Fib 50%, a flag pattern, and channel support. So it can easily move towards upside towards 132.00. Breaking that channel could turn into bullish. Good luck!
Bullish Indicators: 1) HH HL 2) Upward trend 3) Support zone at 1.24318 or lower ascending trendline. Bearish Indicators: 1) Resistance zone at 1.25201 Fib level 38.20% Plan A: One can buy from the support zone of 1.24318 for the target of 1.25201. Plan B: On the breaking of lower ascending trendline one can take short position for the target of 1.23091
Bullish Indicators: 1) Support zone at 1.04080 Fib level 61.80% Bearish Indicators: 1) LH LL 2) Downward trend 3) Resistance zone at 1.04471 or upward descending trendline. Plan A: One can take a short position on the rejection from the upward descending trendline for the target of 1.04080 and 1.03522 Plan B: On the breaking of upward descending trendline with...
GBPUSD yes Pound is dropping drastically and reached a level which Bears were eyeing, so let's hope the exhaustion will come into effect and we will a sharp move. 1.35000 is a psychological level, little downside could be a false breakdown so watch the price action closely. Good Luck!
Bullish Indicators: 1) Support zone at 1.15182 Bearish Indicators: 1) LH LL 2) Resistance zone at 1.16949 Plan A: Pair will likely test the resistance zone of 1.16949. One can buy from here for the target of 1.16949. Plan B: On the breaking of support zone of 1.15182 from here pair will likely move toward the support zone 1.14250.
NASDAQ is hovering around its ATH, so we are expecting that price will drop and correct itself towards 16100-16000. There is also showing divergence at 1hr time frame. Good Luck!
Moving in a converging triangle. AAVE needs to takeout 350 and stronghold above it to unleash aggressive bulls that are likely to drag prices towards 415 followed by 520. On Downside 280 is acting as a major support.
Standing on a major support of 0.0000555. It is likely to hold this support even if partial. One can look to target 0.000065 followed by 0.000076 zone. However breach of 0.0000555 would lead towards 0.000049-0.000045 region.
GBPAUD however got resistance from 61.8% fib level and retraced, But there is still hope that it will continue its trend and will touch the near-term resistance zone towards 1.84700. Good Luck!
NZDCHF is moving in descending channel for some time. So we can expect a continuation towards 0.64900. where trendline support also lies.
AUDJPY is facing a critical area of resistance where a downward trendline also lies. Let's do some short towards 84.50.
NASDAQ is glooming at ATH for a few weeks and showing buyers' great interest. Some positive news and the extraordinary result keep its bull run intact. But now we are inches closer to a parallel channel resistance area around 16300 which was respected for a long time. So watch closely and any downside activity will lead it towards near-term support 15900. Good luck!
Gold fresh drop still has the momentum to continue itself towards 1765 in near terms as it broke and retested its channel's trendline. So one could enter for some more exciting run. Good Luck!