Since January price of US100.cash/NAS100/NASDAQ depending on the Broker, have been moving in an uptrend.
Three weeks ago, priced touched the bottom of the trend and it reversed very fast, now heading to the top.
What will happen when price gets to the top?
An expansion upwards or downwards?
I keep this Instrument in my watch list.
According to the data provided by NDX, price moved steadily from 1985 till early 20th century when population increased fast and the world emerged into an ultra modern era.
The stock value of Apple INC. alone is just like the whole of NASDAQ100 in 1985.
Price have become very volatile and the value of the stock index keeps rising.
The Dollar Index, after Bears took charge few days ago, have start to go bearish, still in the Daily uptrend range.
Price heading to the bottom of the Channel, but currently at the Daily demand zone.
Let us be careful because price the Year is close to an end.
Ripple / US Dollar is close to the top of the symmetrical triangle range.
Price have been rejected from the top twice and it seems it is heading back to the top.
Will price break out of the range or reach the bottom before taking?
The Weekly Chart outlook is simply the clearer view of the Monthly time frame.
Since December 2020 till date, price have been in a symmetrical triangle range, a break will certainly occur in some weeks from now.
I can't imagine what loss many traders who bought XRPUSD at January would incure, price crashed from 3.31 to 0.1 the demand zone, ever since then the Bulls struggle to push price higher.
Of course Ripple will rise high above the all time high as time goes, due to the demand of Crypto currency and ease of transaction.
From the 12th of October, 2021, price of GBPCAD have been moving in a Four Hour Downtrend range, price currently at the bottom of the range,, should price break the range? I expect a buy from 0.692, straight to the Supply zone.
Since Last Week price have touched the minor support.
With the combination of CAD strength and GBP weakness, will the Pair push up or down?
Entering at a safe spot using then support line as stop loss might be safe, but it pays to make further analysis on the lower time frame.
The Pair have been on a downtrend for weeks. Last Week's low was the top of the recent weekly downtrend.
Price is heading to a Weekly Head and Shoulders, this will give an opportunity for a Swing short.
New Zealand Dollar / Canadian Dollar have been moving from trends to trends, support to resistance and supply and demand zones.
Broke out of the Monthly downtrend since November, 2020 and ever since turned the resistance to support.
Price of GBPNZD is clearly in an Uptrend.
GBPNZD have a nice market structure and price pattern, although some brokers charges high spread due to it been classified as a minor pair, it respects key levels than some major pairs.
Price is close to a demand zone above the bottom of the trend, watching for a long opportunity.
The pair is a volatile pair as it can move 100 pip daily without any high impact Economic event.
Since 2003, the pair have been on a major downtrend or something that look like a falling wedge.
The pair have been moving in an uptrend since 2016 and currently it is close to the bottom of the trend.
Will it buy?
AUDUSD have been moving from trends to trends from the Monthly time frame to even the 1 hour time frame and now it is at the bottom of the 4 hour uptrend.
Just for scalping, advantage can be taken for AUDUSD.