The head and shoulders pattern may sound familiar, as it shares the same name as a reversal pattern, but the meaning here is different. In a normal cases, it was a reversal pattern, whereas now it is a continuation pattern. Looking at the picture above, it appears like the head and shoulders pattern in the case of an uptrend, only upside down, indicating a downward trend.
the pair is swinging in a triangle and is setting for a bullish leg to complete . please see daily image to get better view
Bitcoin Cash, a prominent player in the cryptocurrency market, originated in mid-2017 as a hard fork from Bitcoin to address transaction speed and scalability issues. While some analysts are cautiously optimistic about Bitcoin Cash's future performance, others point to the uncertain regulatory and economic landscape as factors that could significantly impact its...
The pair is reacting to fibo levels and heading south. We noticed wolfe wave structure completed as a good confluence with fibo levels .wait to see result
the pair is currently in a triangle please see daily picture as below to get better view: you can also check my previous analysis as below:
The high volatility of EUR/MXN makes it possible to trade the pair in short-term and medium-term strategies with high profitability. However, when analyzing the euro exchange rate against the Mexican peso, traders need to independently monitor the main macroeconomic data affecting the dynamics of EURMXN quotes due to the lack of professional analytical materials...
USDPLN is an exotic currency pair that consists of the US dollar and the Polish zloty. This trading instrument is attractive mainly for traders and investors from Poland. Besides high volatility, the pair’s movement is hard to predict. When performing fundamental analysis of the movement of USDPLN quotes, one should pay attention to important political events in...
cadjpy is heading south towrads 76% fibo level then decide to contiune going down or give a pullback before heading to 23% fibo. please leave a comment if you like
The exchange rate between the Australian Dollar and the Swiss Franc is heavily influenced by global economic conditions, such as changes in inflation, interest rates, government policy, and geopolitical events. Additionally, the AUD/CHF pair is sensitive to currency-specific factors, such as changes in public debt levels and economic indicators specific to both countries.
head and shoulder pattern is seen below formed indicating bullish secnario is currently underway .the movement path is being drawn as pullback is probable before final destination @500 usd.this is pure technical analysis based on flat kijen reaction ,price action and chart pattern.
the pair is waiting for trenline reaction but our main scenario is bearish . we are following up to enter short if you have any comments pls share
The bitcoin market has seen a lot of short-term bullish pressure over the last several days, but we also have to keep in mind that the market has more or less been rangebound after the initial surge higher from institutional buying. I would anticipate a little bit of a pullback in the short term, but I think that pullback is a buyable event. I’ve been range...
upward break is more probable than other scenarios ,so waiting for this break for going toward its tp's . this analysis is based on fibo level and price action and ichimikou indication . please share your comments if you like
we are noticing bullish pattern is underway and per our previous analysis as below we are following long positions toward previous high this update is follow up the below analysis
EURZAR is an exotic cross-rate pair, with the highest volatility, which shows the ratio of the euro to the South African rand. Despite the absence of the US dollar in the pair, it has a significant impact on both currencies. Therefore, to correctly analyze and successfully trade the EURZAR pair, traders should pay attention to such macroeconomic indicators of the...
AUD/CHF pair is often used as a carry trade. While the Australian dollar is generally more affected by the global economic situation, especially that in the field of commodities, the Swiss Franc is considered to be a safe-haven asset. Traders and analysts also use AUD/CHF to measure the performance of the global economy. Factors affecting the AUD/CHF rate include...
The pair is sensitive to relative monetary policy expectations for the Federal Reserve vs. the Riksbank, Sweden's central bank. The Dollar has also acted as a safe-haven asset at times of market stress, meaning the USD/SEK exchange rate can be sensitive to swings in broad-based investor sentiment trends. Sweden is also a prolific exporter to the UK and the...
Due to the unstable exchange rate of the Turkish national currency, the movements of the EURTRY pair are subject to strong fluctuations both in the short and medium-term. Movements of this trading instrument per day can reach 500-700 points, which significantly exceeds the daily fluctuations of most major pairs. With this in mind, you can successfully trade the...