fxmarketanalyst

fxmarketanalyst

Shiba Inu Coin Shiba Inu surged by 64.95% on Wednesday. Following a 13.36% gain on Tuesday, Shiba Inu Coin ended the day at $0.00008872. A mixed start to the day saw Shiba Inu Coin fall to an early morning intraday low $0.00006000 before making a move. The next Shiba Inu target: First daily demand zone at 0.0000369744.

fxmarketanalyst

Possible monthly Gartley Pattern on Bitcoin. As a harmonic pattern, the Gartley swings should correspond to specific Fibonacci levels: XA could be any move on the chart. AB should be 61.8% of XA. BC should be either 38.2% or 88.6% of AB. If BC is 38.2% of AB, CD should be the 127.2% extension of BC. ... The general AD move should be 78.6% of XA.

fxmarketanalyst

-Oil prices drop 2% overnight as US energy policy news had a negative effect on oil -Oil prices break below July swing high as shorters take control of the market in the last 40 hours -UK Newspaper Financial Times FT reported eased supply concerns further According to the technical analysis above, we can see that the daily candle yesterday formed a nice BEOB ...

fxmarketanalyst

On Sep 28 price finally, break the long term triangle pattern from Jul 20. After that, the price continue with a strong bearish trend also on Sep 29, however the price last 3 days reverse and again test triangle pattern as supply zone as it is shown on the chart above. If the supply zone at the area of 1.3650 will hold, we can expect that the price will continue...

fxmarketanalyst

Trading pair EUR/USD yesterday just broke the first monthly support at 1.16000. We expect that the price will continue on the downside and reached the next monthly support area at the price of 1.15000.

fxmarketanalyst

According to our analysis posted on 16.8.2021, the price this month finally reached strong monthly support at 1.028 and bounced from that area. Now the target is the first resistance area on a weekly timeframe at 1.0520 which is also a 50%fib retracement. Coronavirus affect As coronavirus increases volatility in currency markets including the EUR and GBP....

fxmarketanalyst

AUD/USD forming a nice downside channel since the start of Sep 2021. If we zoom the chart to the M15, we can see an intraday upside triangle pattern. However, we expect that the price will continue in the downtrend and reach the first H4 support at the price of 0.71800 in the next few days.

fxmarketanalyst

On Sep 8 we posted an analysis about EUR/USD and since that, the price retested resistance at 1.1850 and continuing to the downside. We expecting that the price will reach 1.1680 in the next few days. What do you think that the next EURUSD move is about? Comment below! :)

fxmarketanalyst

Price break strong trendline since 23 Aug. . We will be waiting for a retracement to the first resistance area at 1.1860 and then for a downside target at 1.17600. . What do you think is next for the pair?

fxmarketanalyst

Binance coin has remained relatively stagnant over the past two months. Looking ahead, the first weekly resistance lies at VBRN 0.010000. If the shorters will be able to push the price down to 0.008000 we can expect that the price will drop all the way down to the demand area at 0.006695 which is also a 50.00% Fibonacci retracement from the start of the year...

fxmarketanalyst

GOLD continues to move within the correction and the downward channel. At the time of the publication of the forecast, the price of GOLD is 1781 Dollars per Troy Oz. At the moment, we should expect that the price will break below the channel support and fall all the way down to the first demand area at $1700-$1650. If the first demand zone will be broken, we can...

fxmarketanalyst

Trading instrument XRP/USD know as a Ripple surged by 64.62% in the week ending 15th August. Following on from a 7.64% gain from the previous week, Ripple’s XRP ended the week at $1.28584. Ripple’s XRP shorters would need to hold the supply level at $1.1340 in order to make a new downside move in the near future. If the supply zone will hold we can expect that...

fxmarketanalyst

Let's check ETH/USD. We can see that the price found first weekly supply at the price around $3250.00 per ETH. If we zoom the chart to the lower timeframe we can realise that the price could fall all the way down to the monthly demand zone at $1750.00 if we broke the first support at $2750.00.

fxmarketanalyst

According to the chart above we can see that trading pair AUD/NZD sitting on the weekly demand zone between the price region 1.0380-1.0440 which is also in the Fibonacci retracement support zone (50.00%-61.8%). If the buyers will enter into the long positions we can expect that the price will again test the supply zone at 1.100 which is also a BRN psychological...

fxmarketanalyst

Bitcoin (BTC) remains in a long-term uptrend despite the sharp 50% correction from the all-time high of over $64,000 in April. Buyers found a demand zone at around $29,500 after a two-month consolidation phase, which resolved to the upside. On the other side Bitcoin traders found the strongest supply zone at $58,000 to $62,000. Chart above shows an ascending...