BTUSDT is having hard time to go uptrend since Nov 2021. This pair has been in a long descending channel and seemed comfortable enough not to leave it.
Last week, BTCUSDT seemed eager to move up. But, there is a supply zone patiently waiting at 39k or just between 61.8% and 50% Fibonacci retracement. Surely it is very hard for this pair to move above the 61.8%...
Since 2021, EURGBP has been going up and down inside a descending channel. It has constantly created lower highs and lower lows, indicating bear is still in play.
On Jan 31, 2022, it reached the bottom of trendline where a demand zone is waiting. Then it formed a strong bullish candle in daily and 8H time frame, indicating the price has rejected the support and...
USDJPY has stayed in an ascending channel, clearly shown in daily timeframe.
Last week it has just broken a triangle pattern, thus confirming the continuation of bullish trend. After a series of impulsive moves, USDJPY retraced back to its 50% and 61.8% Fibonacci, just to grab the buy order in the demand zone. Today we saw a strong bullish confirmation in the...
On early January 2022, GBPJPY formed bearish confirmation patterns that soon confirmed by a descending channel. By Jan 24, 2022, this pair retraced back until today to its 61.8% Fibonacci, wiping out the impulsive downward trend since Jan 20, 2022.
Between 61.8% and 50% Fibonacci retracement usually sits a supply or demand zones. Since Jan 31, 2022, GBPJPY showed...
Dollar index has been growing since June 2021, it has been staying up and downs inside an ascending channel. On Jan 13, 2022, it reached the bottom trendline of the channel and create a strong bullish confirmation. Then it backed on track of the bullish trend again, with some strong bullish candles. The index has broken the resistance of 97.000, but I think we...
Gold has formed a wedge formation, clearly seen in daily timeframe. It has rejected the upper trendline of the wedge, where a strong supply zone also exists, and impulsively went down last week. This week, we will expect gold to bounce to at least 50% Fibonacci level, where another supply zone also exists. Then, we will wait for further conformation, whether it...
