1d
Is this time to go long on USDCHF?Price has reached to a key daily support level on USDCHF. Even after news went against the USD on Friday and price has failed to close below 0.95508 level. If we see some bullish evidence from here the price is likely to travel at 0.96164 or even up to 0.97429 level, which hold key daily resistance levels.
ZECBTC 1D CHART ZCASH MARKET CONDITIONSZECBTC bounced from support zone and crossed MA20 (not shown). A break of descending channel and MA50 could lead to imminent price reversal.
RSI shows slight divergence and DMI still in range conditions.
WNZ
Get live updates and analysis of the cryptocurrency market: t.me
What's next on EURUSD?EURUSD has just broken a key daily resistance level, which now became a support. Price has extended high after Friday's news events and the price is most likely to run to the next level, which is 1.20398. This is the next daily resistance zone lined up with 1.618 fib inversion ratio. It is time to wait for the price to come at 1.18234 daily support level and look for buy opportunity from there.
USD/ZAR 1D Chart: Symmetrical TriangleUSD/ZAR 1D Chart: Symmetrical Triangle
The American Dollar is trading against the South African Rand in a symmetrical triangle pattern that started to form after a 12% appreciation of the buck in the end of May.
At the moment, the figure consists only of five confirmation points, which means that the current formation might sustain up until October.
On the other hand, the July’s fail to reach the lower support line allows redrawing boundaries of the pattern.
In that alternative case a breakout might happen already by the end of August.
Most probably, the currency rate is going to choose a southern direction, as the opposite side is reliably secured by the 200-day SMA.
Moreover, such course would allow the pair to continue to fluctuate within the senior formation.
EURUSD Bullish Outlook1D / 1W
New Resistance & Support Levels update:
R3 1.1945 R2 1.1910 R1 1.1860
S1 1.1780 S2 1.1735 S3 1.1690
Entry Order will be placed @ Market Opening
Entry Market Order @ 1.1852
T/P @ 1.1908
T/P may change to 1.1970 in longer term. Updates provided as time progresses.
This will be a 1D / 1W Timeframe order.
Personal analysis only. Please use your own rules and strategies prior to entering market.
USDJPY Bearish Outlook4H / 1D / 1W
New Resistance & Support Levels:
R3 110.70 R2 110.40 R1 110.15
S1 108.80 S2 108.45 S3 108.10
Entry Order will be placed @ Market Opening
Entry Market Order @ 110.60
T/P @ 108.80
This will be a 1W Timeframe order.
Personal analysis only. Please use your own rules and strategies prior to entering market.
Bitcoin officially gone parabolic! (expected to hit $6400)BITSTAMP:BTCUSD
Bitcoin likely going to around 6400$ during the next month or less.
Other possibility is that it goes to 4800$ then drops a bit and continues to 6400$ but considering earlier patterns it's more likely it will go straight to around 6400$
The bottoms display a clear curve which has since late July jumped like a rocket, which means we are on the last stage of this curve.
Previous tops from years back show a clear trend towards a future $6400 top.
ETHUSD DAILY CHART ETHEREUM ENTRY LEVELSMarket seems bullish.
A retracement within the grey resistance zone might occur, towards 225, with entry opportunities.
Or entries over resistance zone seem safe and with a high Risk/Reward ratio.
2 candles (2 days) over the zone should confirm the trade.
RSI is heading north and +DI/-DI lines just crossed.
ADX heading towards range, so market could take a while to continue its growth.
Targets will be 275 - 300 - 320 and so on, using both Fibonacci Extensions from April rally and July swing.
I will trade based on patterns on the 1H, 2H, 4H charts.and Japanese Candlesticks.
WNZ
Get live updates and analysis of the cryptocurrency market: t.me
(Daily) SHORT USCCAD BAT PATTERNYou have always to test your own patterns!
I detected a BAT PATTERN. This weak we have the Federal Funds Rate, so Price might go volatil, people who took this trade could put the SL into BE (I already did it). Also u cant take half profit.
This is a 2:1 risk reward Trade considering only the TARGET 1.