Happy Friday everyone,
Based on my technical analysis from the weekly and daily chart BTCUSD will be bullish. Price has recently broke through the downtrend line and is currently bearish only for the retracing of the breakout. It will fully be finished retracing around 7950 area then will shoot up.. being bullish for a while. Im expecting it to reach as high as...
Since around January 2018 EURJPY has been strongly bearish. Recently price had retraced around 122.850 area and on 38.2 fib level. Being as though price hit 38.2 that lets us know that the downtrend is still quite strong. Price is finished retracing and currently remaining in its bearish move. This is my technical analysis coming from the weekly chart. Please like...
If you check my technical analysis from 2 weeks ago ( January 12 ) I had mentioned oil dropping near 56. My analysis has been correct with oil dropping to the 55 area. Next area will be 53 after it retraces to around 56 area again.
This is an update from my technical analysis earlier this week .. you can see that the bears are strong and have broken through the weekly trend line. By the end of this week price should reach as low as 56-55. If you agree please follow and like. #HappyTrading
Based on my technical analysis AU is currently bearish. After it hit my fib level 38.2 that was confirmation for the downtrend still be strong. I waited until it broke out of consolidation to enter in on a sell. Looking for price to reach as low as 0.68000.
based off my technical analysis oil is currently bearish. This could be just a deep pullback to fib level 61.8 but it if breaks through the weekly uptrend line and also goes passed 61.8 .. my first tp will be the 56 area. Second tp 53 and my last tp would be as low as the 50 area. I do think oil we spike up just no time soon.
GBPAUD has recently had the bulls breakout of the bears trendline. It is now retracing with a short sell that I am looking to reach fib level 38.2%. After the retrace is fully over it would be a good opportunity to get on the buy. Looking for price to reach all the way to 19000 area. If you agree please like and support.
USOIL Daily Chart
Based of my technical analysis the bulls had broke the bears trendline recently. After the break I pulled out my fibs to measure price and seen that price retraced to the 50% level .. which is a strong trend signal. I also used my fib extension to see where take profit would be. Overall price will be in a long term buy until it hit the last TP...
Technical analysis from daily chart : Price is overall in a uptrend after breaking out of the bears trendline back in September. It is now headed down to retrace off fib level 38.2. That fib level is also right near the support zone. So I'm looking for price to bounce off 38.2 and the support zone which will be at 107. Once price hits 107 that...
USDJPY will be headed towards 108.100 area or possibly go pass it reaching 107. This will be happening because price on the daily chart hits those areas off of the fib retracement levels. USDJPY is still bullish and will reach 109 and around 111. If you agree with my analysis please support and like.
My technical analysis on USDJPY is that it is currently bearish but will not be lasting long. From what I can see an inverse head and shoulders pattern was formed. When that pattern is at the bottom of a downtrend its a signal for a reversal of the trend. In this case the reversal will be for the bulls to move in. I am still looking for price to...
Next week price should hit 107 area then continue back up reaching 109. After it hits 109 we can look for price to still continue up towards 111. I also included different entry options until price meets 111.
Good luck traders!
bears broke through the bulls trend line this week around the 0.99500 area confirming that the bears are looking to take control next week. There will be multiple entries to get in on a sell up until the final take profit which is the 0.96600 area.
Please mark up your own analysis : there's no guarantee that I can be all the way right.
Thank you and wishing...