Price consolidating at Resistance zone. Potential to trade the break to the upside and target 1.14 area. Fundamental bullish mood in the market as more of the economies reopen, weakening the USD. Please support the idea and share your thoughts on EURUSD! Good Luck and Stay Healthy!
Price approaches a strong confirmed trend line and 200SMA is right below it. Right on the strong support zone. 2 way we can trade this. Since support will be strong, we can look for reverse patterns on smaller time frames and apply a bounce buy trade. Potential 1st target is at 0.9050, where we see resistance and 50SMA. A significant bearish momentum is needed...
A triangle price pattern and RSI near 50 shows that daily FTSE is entering the final stages of consolidation. this means we shall soon see the next big candle move from the market. On the fundamental side things are looking bearish as virus cases spike again and IMF and Central Banks are being very negative regarding the economic recovery. The contrarian point is...
Price reached and rejected 61.8%. Now at a decisive moment. If price gets back up and breaks the resistance zone, we should see the next wave up. Alternatively if the price breaks the 61.8% level, then potential to short to next support zone. Please support the idea and share your thoughts on UBER! Good Luck and Stay Healthy!
A rising channel indicative of a continuation pattern. A break lower to test the 200SMA with pullback and continuation lower. If the channel breaks to the upside then oil may go higher, though world news are not good regarding oil demand as number of virus cases spike again. Please support the idea and share your thoughts on WTI! Good Luck and Stay Healthy!
Price has been in a range since the last FED meeting. A nice uptrend line with 200SMA and a support zone with multiple confirmations. We are waiting for the break to target lower areas. For the upside the high of 75 is where bullish momentum may be considered for intraday. Please support the idea and share your thoughts on AUDJPY! Good Luck and Stay Healthy!
Wait for the break of the downtrend line and 200SMA on 4 hour chart to target higher levels. CAD looks weak and a sharp break is a good signal to buy. Please support the idea and share your thoughts on USDCAD! Good Luck!
Thanks for your support! Please leave a like and share your thoughts on NASDAQ! Good Luck and have a great trading week!
Seems like wave B was finally over, now we are waiting for the continuation lower. Price near a strong 3000 level. Best to wait for more price action and wait for Europe session to open tomorrow as price expected to gap lower on the open and volatility will make it harder to point a good entry. As Central Banks and financial institutions cut the economic forecast...
Price soon will be testing the key trend line and 200SMA on a 4 hour chart. Makes it a great moment to wait for potential setup. A nice break lower would indicate a sell to the next support level. Bearish momentum in the markets so far over the weekend. A price is expected to gap lower on the open. Best to see consolidation on the trend line and 200SMA for...
Price action shows bulls losing steam and making lower highs. Price looks a bit like a head and shoulders pattern. Uptrend line was also broken, 200SMA seems like a strong indicator. If we continue lower and test it, a break below the 200SMA shows that bearish momentum is indeed back. Markets look bearish for the moment and Bitcoin is reflecting the mood. Any news...
The uptrend line while being broken this week, price needs to go below the current lows for a sell signal. The critical support area is close, and price consolidation and even potential pullback is expected there. Careful on the market open is the price gaps below the support, best to wait for Europe to open for normal volatility. Please support the idea and...
Price closed the bearish gap from March crash, but failed top get higher. Now as RSI shows divergence, we could be seeing the formation of a head and shoulders pattern. Potential now to see price go lower and than pull back / consolidate before the next bearish move. Overall markets are signalling potential bearish week ahead on the charts and fundamental news...
Previous rising wedge fell nicely, now at the support level. Price close to 50% fib level and 0.69 again. A break of this support is a nice bearish signal to sell further. Careful on the open as price may gap below support and go up first, best to wait for tomorrow Europe open to avoid unexpected spikes. Or wait and see if there is potential reversal, but...
RSI divergence and 200SMA is a clear resistance and neckline. We could see a spike through it and a buy opportunity. MPO of pattern could retrace the whole move from yesterday. 50SMA and fib levels could become minor resistance areas. Please support the idea and share your thoughts on DAX! Good Luck and Stay Healthy!
After yesterday's sell off price consolidates near 61.8%. Potential to from inverse head and shoulders here with RSI divergence, if the neckline breaks. Overall the sentiment is still bearish, so new lows would open potential to test 3000. Please support the idea and share your thoughts on S&P500! Good Luck and Stay Healthy!
Price at 50% fib level. A break higher and 0.91 level is a buy signal to target 61.8%. Please support the idea and share your thoughts on EURGPB! Good Luck and Stay Healthy!
0.64 level has been amazingly strong. Despite all the negativity on the virus yesterday, it was confirmed yet again. Recent candles show potential continuation and indices at the time of writing still push lower. If the 0.64 level breaks, then we should finally see a proper fall here to 0.63. Please support the idea and share your thoughts on NZDUSD! Good Luck...