GBPJPY looks to be on the brink of a downfall judging from the technicals. We have just recently had Brexit news and currently are within the BOJ conference. This is bound to be explosive most like at 150+ pips. I am favouring the downside but regardless of the direction, it will be volatile and strong
GA was able to sustain momentum and failed to break through support. Up next we have the top of the smaller TF channel and aswell our weekly channel. Most likely to spike to the smaller channel and close around the weekly channel. After that we can look out for a reversal and bearish price action
EU currently at a rest, we have see a 70 pip pull back. Next drop should be to our demand zone @ 1.115, pullback to 1.1280 and then a further decline into our stronger demand zone located @ 1.0870. long term shorts can be taken now and held for the entire duration. On top of the trade set-up, EU provides a profitable spread for holding shorts.
big selling of GBP from non-commercial institutions in comparison to AUD. currently in a bear trend. Demand waiting at 1.67, maybe some big news event can help shift the trend (Brexit) and see a rally to the supply region in first half of 2019
Here we have 3 signs of strong and critical support. Price Action is currently sitting at a strong daily support, as well as the support of a now confirmed long term trendline, and as well, rejection and consolidation off of the 200 EMA. with all moving averages tightening together, bearish exhaustion, and extremely low volume, something big is coming and its...
XRP to $5.3 in 24-72 hours. in this chart we see XrpBtc has touched and rejected the daily/4 Hour uptrend line, this is a good bullish sign. we have retraced above our heavy support, and have broken through our 1 hour counter trend line. Price looks like it may even be forming a triangle, so hopefully with a bullish breakout, we can see new highs !
Here we have a daily chart setup. Very basic TA but a very clear picture. we have a clear downtrend line, with price currently riding against it. we have support around 0.0016000. Price will continue to squeeze until we see a big break. We can also see that there is currently a solid amount of volume which is going to be needed for this mega break.
in this chart, we can clearly see that bitcoin is still following the downtrend line and is still seeing bearish momentum. Why is this? well we usually see a sell off during december, but bitcoin has been greatly pumped and over extended and needed a massive correction. This is what we are currently enduring, but for how much longer? people are throwing around...