M4Academy

M4Academy

Description: Price broke below longer term ascending trendline support (now resistance). Price is also holding below shorter term descending trendline resistance. With MACD below 0, further bearish momentum can be expected. A drop below our pivot at 31528 towards 1st support at 31279 can be possible. Otherwise price could swing the other way towards 31679 1st...

M4Academy

Price is facing bearish pressure as it continues to hold below the descending trendline in line with our bearish bias. We expect a medium probability bearish drop from our pivot towards our 1st support at 1.27137. Otherwise, a break above the pivot should see price swing towards 1st resistance at 1.27409. It is worth noting that the Stochastic indicator has just...

M4Academy

Description: Price is facing bullish pressure as it is trading above the 50% fib retracement and horizontal overlap support. A bounce from our pivot at 105.72 towards 1st resistance at 106.21 could be possible. Failing to edge above the pivot would see price swing towards 1st support where the 76.4% fib retracement and horizontal overlap support are. Pivot:...

M4Academy

Price is facing bearish pressure as it continues to hold below the Ichimoku cloud in line with our bearish bias. We expect a medium probability bearish drop from our pivot towards our 1st support at 1.20254. Otherwise, a break above the pivot should see price swing towards 1st resistance at 1.20817. Pivot: 1.20568 Supporting Points: 38.2% Fibonacci retracement,...

M4Academy

Price is approaching our pivot at 0.77682, in line with our graphical overlap resistance, 50% fibonacci retracement and 100% fibonacci extension where we could see a reversal below this level. Stochastic is approaching resistance as well, in line with our bearish bias. Pivot: 0.77682 Supporting Points: graphical overlap resistance, 50% fibonacci retracement and...

M4Academy

Price is facing bearish pressure from our pivot, in line with the 23.6% fibonacci retracement and 78.6% fibonacci extension where we could see a further drop below this level to our first support target. Failure to hold below the pivot level could see prices swing towards our first resistance target at 1805.28. Pivot: 1785.73 Supporting Points: Graphical swing...

M4Academy

Description: Price holding above moving average support and pivot at 3915. We expect a medium probability push up towards 1st resistance at 4003. Otherwise failure to hold above pivot will see price drop towards 1st support at 3882. Pivot: 3915 Supporting Points: 61.8% Fibonacci retracement, Moving average support 1st Support: 3882 Supporting Points: 23.6%...

M4Academy

Description: Price is approaching our pivot of 0.77369. We could see a medium-probability bullish scenario, from our Pivot towards 1st resistance at 0.77656. Otherwise, failure to hold above pivot could see price swing lower towards 1st support at 0.77234. Do note that price is trending above the ascending trendline, in line with our bullish view. Pivot:...

M4Academy

Price is facing bullish pressure from our pivot, in line with our graphical swing low support and 100% fibonacci extension where we could see a further upside to our first resistance target at 27.9329. Failure to hold above our pivot level at 26.8272 could see prices swing towards our first support level at 26.0953. Stochastic is showing signs of bullish pressure...

M4Academy

Description: Price is facing bullish pressure as it is trading above the 23% fib retracement and horizontal pullback support. A bounce from our pivot at 105.76 towards 1st resistance at 106.20 could be possible. Failing to edge above the pivot would see price swing towards 1st support where the 50% fib retracement and horizontal overlap support are. Pivot:...

M4Academy

Price is approaching our pivot at 1.20817, where we could potentially see a bounce at this level. We expect a medium probability bullish rise from our pivot towards our 1st resistance at 1.21209. Otherwise, a break below the pivot should see price swing towards 1st support at 1.20563. It is worth noting that the Stochastic indicator is testing the 12.93 level...

M4Academy

Price is facing bearish pressure as it continues to hold below the descending trendline in line with our bearish bias. We expect a medium probability bearish drop from our pivot towards our 1st support at 1.26484. Otherwise, a break above the pivot should see price swing towards 1st resistance at 1.27558. It is worth noting that the Stochastic indicator is also...

M4Academy

Description: Price holding above ascending trendline support and pivot at 31440. We expect a medium probability push up towards 1st resistance at 31613. Otherwise failure to hold above pivot will see price drop towards 1st support at 31360. Pivot: 31440 Supporting Points: Ascending trendline support, recent swing low 1st Support: 31360 Supporting...

M4Academy

Description: Price is facing bullish pressure as it is trading above the 23% fib retracement and horizontal overlap support. A bounce from our pivot at 105.39 towards 1st resistance at 105.77 could be possible. Failing to edge above the pivot would see price swing towards 1st support where the 50% fib retracement and horizontal overlap support are. Pivot:...

M4Academy

Price is facing bearish pressure as it continues to hold below the Ichimoku cloud in line with our bearish bias. We expect a medium probability bearish drop from our pivot towards our 1st support at 1.25711. Otherwise, a break above the pivot should see price swing towards 1st resistance at 1.26606. Pivot: 1.26313 Supporting Points: 61.8% Fibonacci retracement,...

M4Academy

Price is facing bullish pressure as it continues to hold above both the Ichimoku cloud and the moving average support in line with our bullish bias. We expect a medium probability bullish rise from our pivot towards our 1st resistance at 1.21646. Otherwise, a break below the pivot should see price swing towards 1st support at 1.21231. Pivot: 1.21378 Supporting...

M4Academy

Price is facing bullish pressure from our pivot, in line with our graphical swing low support and 61.8% fibonacci retracement where we could see a further upside to our first resistance target at 28.4534. A break above our upside confirmation level at 1832.31 would provide the bullish acceleration to our first resistance target. Failure to hold above our pivot...

M4Academy

Description: Price is approaching our pivot of 0.77999. We could see a medium-probability bullish scenario, from our Pivot towards 1st resistance at 0.78122. Otherwise, failure to hold above pivot could see price swing lower towards 1st support at 0.77888. Do note that price is trending above the moving average, in line with our bullish view. MACD is also above...