Currently @ $32,900
We still expect Bitcoin to be bearish.
If you look at our Last/Previous analysis we expected it to test $30,000 and break below this
Our target for bitcoin is $20,000 before it bounces back,
But currently we have a BUY signal at the moment but it might be short-lived
"Bullish Harmonic forming on 4H chart"
If confirmed and if Bitcoin...
Currently trading @ 35500
Bitcoin is still bearish
As you can see from the chart we now have a bearish triangle suggesting a continuation
of a bearish trend for bitcoin, also the pair is still trading within its descending channel
We expect the pair to test $30,000 and break below this price targeting $19,000 before
a reversal & a potential bullish breakout...
Currently @ 34645
This is a long term analysis on the Dow Jones
In the month of May we have seen high volatility in the Dow Jones, which was
fueled by inflation fears in US, seeing the Dow lose +1500 points just in 2 days
Though the Fed has assured the public & investors that they have everything under
control & their tools will be able to manage any outcome....
Currently @ $1905
We expect gold to be bullish till $1920
just like our previous analysis
then a retracement back to $1900 before it continues its bullish trend to
next resistance @ $1950
As long as the pair is trading above our upward trendline it will remain bullish
link to previous analysis below
Currently @ $39,000
Bitcoin has been facing some downward pressure lately & any upward movement
could possibly be just a retracement before another fall
Although the pair is now treating one of the key trendlines as support
it still seems limited to resistance @ $42,000 & another minor downward trendline
If it decides to respect this downward...
Currently @ 13700
We expect Nasdaq to be bearish
A retracement back to 13400 or 13100 before it turns bullish
if it breaks above the down-trendline & treats it as support
then we'd expect it to hit 14100 1st before falling
link to previous analysis below
Currently trading @ $39300
We expect Bitcoin to be bullish from here on and test support/resistance @ 42,000 & $46,000
before falling back to $30,000
Do note, Bitcoin is approaching a major support-trendline, if it treats it as support again we'd
expect it to confirm our bullish expectation
But if it trade below this line we'd expect it to touch $30,000 first...
Currently @ $1866
We expect gold to be short term bearish then long.
A possible retracement back to support/resistance @ $1845
before gold turns bullish again
Note. Gold has to break below $1863 to be bearish & also treat $1845 as support for it to turn bullish
our target is $1850
Here is our chart on gold on the 1D chart
Here is our prediction on Bitcoin using trendlines
Recently most analysts speculate Bitcoin will reach $100k in the near future with some stating that it will reach this target
before the end of this year 2021
Since the target is $100k we will only be using Bullish trendlines
Our prediction of bitcoin reaching $100k is based on four major Bullish...
Here is an analysis on Gold long term
Last time we looked @ Gold long term analysis the pair was trading @ 1698
We expect gold to reverse @ $1680 level & expect another $2000 attempt.
However a bearish harmonic is forming currently on the 1D chart, not yet confirmed
What to expect.
Bearish harmonic formation @ an area of support/resistance on the 1M chart
In our Previous Analysis we expected DOGE to fall to 0.20 & at minimum 0.13
before continuing its bullish trend and placed buy entries @ 0.20 as you can see on the chart
Currently @ 0.44
DOGE is treating 0.33 as support, if it manages to stay above this level and break above
current down-trendline we expect the DOGE to test $1
Link to previous analysis below
Currently trading @ 33600
US30 briefly broke above its Ascending Channel on Monday before falling to 34000 the next day,
then continued to fall to 33500 the following day due to the CPI Report losing 1500 points in just two days
What to expect
Trend path & double curve were drawn on the 27th of April, showing us the possibility of the path US30 might...
Looking @ the 1D chart the EUR/USD looks to have turned bearish
Currently trading @ 1.21300
EU touched resistance @ 1.21800 and failed to break above this level 3 times.
Bearish Harmonic formed at this area signaling a possible reversal
With the DXY looking Bullish the EU might fall even lower
We expect it to fall back to 1.20, then 1.19500 which is 50% Fib...
Short term Bearish Long term bullish
Expect further down movement to at least 12900 before the bulls take over
Pair is still within the ascending channel
*Trend path was drawn on 27th April, Nasdaq is respecting this path.
Note the pair could fall below the channel
Here is an analysis on GBP/JPY
Currently @ 153.600
We expect the pair to retrace to at least 152.9 which is the 38.2% Fib Ret. before continuing its bullish trend
If the pair falls below 152.9 we'd expect it to test 152.2 and treat this level as support.
The pair is still bullish @ the moment, a bearish move will be confirmed if pair breaks & trade below trendline
Here is an analysis on the GBP/AUD
Currently trading @ 1.80200
We expect the pair to retrace back to 1.79800 before it continues its bullish trend
If it manages to break below 1.79800-600 we will expect it to test next support
@ 1.79300 & then 1.78500
But if the pair treats 1.79800 as support then we'd expect it to test resistance @ 1.81
Here is an analysis on the EUR/GBP
Currently trading @ 0.85800
We expect a reversal on the pair as the pair is trading @ support/resistance levels
& the presence of a bullish Harmonic @ this level signals reversal
We expect the pair to 0.86200 if its a retracement before continuing its downtrend
If its a reversal then the pair might go back to 0.87
On the other...
Here is an analysis on the GBP/USD
GU is currently trading @ 1.41200
Our expectations on the pair have now turned bearish
We have bearish harmonics on both the 4H & 1D chart
But GU is still currently bullish as you can see it is still trading within the current trend line
If GU breaks above 1.41500 we'd expect it to hit 1.42 before falling back to 1.40, then...