Aussie has broken the channel line support since July and continued the downtrend. The price is now seeking for the long term support around 0.630 or 76.4% fib and it may have a chance to reverse at that area. The reversal may skyrocket the price to 0.72 - 0.79 level.
BTC has been seeking its support area after the announcement of the first mined XT block, following with the US law that forced NY people to sell all of their BTC and close their accounts. I believe that the price will hit its bottom around 138x CNY, form the triple bottom and bounce to test 1600CNY.
Good buy around 1422-1380 CNY
GBP has been on a bull run against USD since last week after the CPI announcement. It's struggling to get pass 1.571ish resistance level and may seek the support around 1.556xx. Any short above 1.571 is safe as per the technical analysis.
I believe that the 5th of the impulse wave is already done and we are about to see the corrective waves. The price is holding above the support from August. We may see the price heading back to the today's pivot.
The price has reached the short-term target, tested the bear trend line and rejected. I believe that the corrective wave is almost over and the price is ready for another rally.
Expect another bottom or spike. Safe to enter around 1.566. Take profit at the second top around 1.59288 and wait for another breakout.
Price has hit the strong resistance from 2014 as well as the trend line and formed a pin bar and a doji after a minor fall.
I believe that the short term pull back seems likely to happen within this week.
Price may have a chance to reject the support line around 1.58619 and rally for another top.
Price rejected to go down and is forming the inverted head and shoulders pattern.
I strongly believe that EUR has already hit the bottom and reversed. There may be some corrective waves before we go up and hit the resistances as shown in the chart.
If we look at the largest time frame, we'll see that the price has hit the bottom at the big support and bounced up with the higher lows. Meanwhile, the price is about to cross the current cycle to the next cycle, which I expect this one to be positive.
But before we can rally, we may have to hit another bottom or two. 1.235ish will be the crucial point to break.
The recent non-farm payroll news has moved the market to the significant price.
While MACD is now tracing the bearish divergence, the 50-day EMA has crossed the 100-day EMA and looking like they still have more power to run.
I expect the price to hit the resistance around 128-129 by this month and we may see a major retrace there. If this resistance doesn't...
The last night pump was very weak and has created a significant bearish divergence.
Despite the low volume, the 6H and 12H MACD is still strong. This one has a very high potential to form the rising wedge that rises to slightly above the resistance around 1516-1520.
Keep an eye on the volume or any leading indicators - if the next pump shows another bearish...
We had an overbought 2 days ago and that resulted in a 'pump and dump'.
We are currently on a sideway around 239-241. And meanwhile, OBV is tracing a bearish divergence pattern and 12H MACD is doing the same. We may see a huge move on this Monday.
Cup and Handle
The cup and handle pattern is very strong on this one. We may have to break the 240 resistance level (as outlined in red) for 2-3 times to get to the 250 level. The resistance may be around 254.
Hidden Bearish Divergence
Yep, as the the two indicators said. This one can't be neglected as well. We may effect a fall after the rise.
This one is for bulls. I just noticed this divergence after posting the bear chart.
Expect the resistance around 238. If 238 is broken, 242 is the next target.
Tight stop at 230 as it was the recent strong support level