perhaps markets have problems soon? like 2008? or is that even possible anymore (thanks FED plunge protection Bot)
well, also theres some basic chart analysis, previous support becomes resistance etc
Kobayashi’s transactions published indicate that the mass sell-off of the Mt Gox BTC was potentially a driving force behind the December 2017 and January 2018 Bitcoin pricing slump.
many are hopeful that with waiting for the next Mt. Gox court date, Kobayashi won’t be able to dump another load of coins on the market. But, in fact, the September 18th court hearing...
USA Gov focus on Biz growth = force USD down and on 14 Dec surprise rate hold by Fed ?
meanwhile AUD mineral based economy go up with XAU
on chart: Ancient lines cross, was that a double bottom? < higher lows curving upwards, previous resistance becomes support
LonG, TP from weekly chart. SL is no. No Accept LoSS, only win :-)
Previous resistance becomes structure, which is ancient resistance level from weekly.
Indicators have turned up across most timeframes
FIB, ICHIMOKU , MACD , HULL MOVING AVERAGE
some news stuff and also supply & demand
structure support becoming resist, fib to get 1.272
3 Pivot lines (different settings each one, where they bunch up is TP's)
Fib lines up with Pivots
SAR, price under ichimoku cloud, NmacD420, SS420FX all showing sell on 1 hour chart of FX:NZDUSD
Moving average indicators and structure
Looks like sell across multiple timeframe
why would it test the old support (previous old resistance)?
or why not
lines up with pivots....
before news, why not it test its good old support/resist line from exactly 1 year ago! o_0
Structure - after break move down, price crept up to previous support before break (now resistance)
FIB - which also lined up with the 0.618 retract. 1.272 extension at previous support & trendLine for TP
- upcoming NZD rate cut likely
Looking at my charts was showing AUD/USD was a long and NZD/USD a short, usually the pair move together.
So looking at AUD/NZD structure, confirmed the opportunity. Price has gone below 14 year long support/resistance line, and I expect it will go back up to test that line, which happens to be near a recent structure fib retractment line.
While below Ichimoku...