USD (US Dollar)
GBPUSDHI Traders,
Last week FX:GBPUSD had a trend line break out and it went in our direction. for more info u can check out my last week analysis i have linked it as well.
There two possibilities right now trend line 1.26307 acting as resistance and trend line 1.21998 acting as support. Market is ranging in between these two trend lines.
Scenario one:
Gu could test its resistance trend line 1.26307
Scenario two:
wait for break out then our target is at 1.21998
Bouncing around the 61.8 before another move to the upside.After a 17% drop over the weekend we now are back in a nice consolidation zone.
this level is right on our 61.8 fib level,
it also lines up with previous structure before we seen a move to 10k.
Short term we may head down and test the trend. IMO it wont break that overall trend and we will see another move up.
I am seeing a lot of these candles in this zone which have wicks to the downside.
That indicates buying pressure. I will be looking for longs off the trend.
Trend bias still telling us we are bearing for the minute
XBT/BTC 4hr
EURUSDHI Traders
So last week i have posted an analysis on FX:EURUSD and it hit our target and trend line which is at price 1.07800 acting as support since FEB But this week at this point there are two possibilities.
Scenario One:
Eu could test Resistance trend line which is at price 1.09881
Scenario two:
Wait for eu to break it Support trend line 1.07800 retest then our target is 1.06559
USDTRY potential reversal due to negative divergence Technical ;
There is a clear negative divergence in MACD , STOCH & Price indicators at USDTRY charts, indicating a potential reversal here.
if USDTRY closes the day below 7.10, we might see 6.60 as a new target.
Socio-political ;
news about a swap-line agreement will be decisive for the direction of the trend. An agreement may lead to a large gap down.
Gut-Feeling ;
USDTRY may head to 6.60 soon.