Forecast and tracking on AMZN. Actually pattern wedge (T1-T2) was formed normally and also wos tested under T1 trendline. Technically we have a strong sell, but online sales will anyway rise before christmas, so be careful
Trend is moving under our forecast, now next target is 12275.90 Check the post before to compare
US Federal Researce havn't made decision to implement cryptocurrency eat. BTC is gradually rising and just broker the pattern triangle on point 4m which is the signal for the next move up to 11800 level.
Price has just reached Target 1, great place and time to fix the profit and relax. Now we need wait for monday, in my opinion Target 2 will be also reached during next 2-3 weeks, if there will not be any fundamental changes
Expected movement which I have offered is done. How I would recomend to close yout profits and wait for monday. Fundamentally - US unemployment claims was negative today (Last 845K, New 898K ), so it is good time to relax and wait market reaction
The pattern wedge has worked well, now price has stopped on fibo 50% level of last trend on daily chart, if price will cross this level, you can trade to next fibo level 61% (138.92)
Checkout the trend channel 1,2,3,4,5 - which shows expected movements. Usually parallel channels are crossed on point 5, so now you can trade to point 5 and then after crossing. But follow the fundamentals, anyway technical analysis is only for entry and close level calculation Also check the related link for long term forecast
EUR is overloaded, it's risky to go long now. I expect strong sell for next several days, BUT this is my expectation based on sentiment and fundamental analysis, so we need a proof and spetial technical signals to go short, we need exact points and targets. On H4 chart I see strong pattern sperandeo, which can give as that targets T1 is first and the most...
Correction of the last signal ! Close your profit, price can change its direction, due do US unemployment and payroll data. So we can make decision only after this news...
Following last signal, inside the pattern triangular another pattern head and shoulders was formed, which can be the argument that price will cross T2 trendline. But we can make final decision only after crossing
Following our signal on USD TRY (Posted one week ago). Pattern sperandeo was not formed ideally, but signal was right, still the target is S1 support level 5.9880
Monday morning, great week ahead - unemployment data from Europe, Non-farm from USA. But today more concentration on technical analysis, check pattern bullish Head and Shoulders on EUR - USD currency pier (H1 timeframe). If price will cross T1 trendline- the target will be 1.1023. Be careful as it is Monday and price still can test 1.0905, last week lowest price....
Follow up USDCHF technical analysis. Yesterday Sep. 3, we have posted analysis on US - Swiss currency pier, the pattern wedge were broker on Asian session today. This fact is a good signal for short term trend formation - correction of USD bullish period. We have also predicted USD trend correction to major currencies and yesterday US Manufacturing PMI pushed ...
Interesting situation on EURUSD chart today. Fundamentally you need to focus on US-China trade war positive messages, which cause sharp gain of US currency on Friday. Today banks are closed in USA, due to labor day, so markets will be calm after European session. More attention on technical analysis, now EURUSD is trading at 1.0989. Two main aspects of...
Great opportunity for trading on US dollar - Mexican Peso currency pier. On friday price has formed pattern "double top", after crossing support 20 20.0512 we predict drop to 19.8550
I recommend to close your profit and wait for US session, also we have some important news from UK, about Braxit. Later today I will explain more ...
As we posted last week, USD-TRY prise sharply crossed 5.6000 level, now trading around 5.7640 We think that before TCMB meeting price will be above our 5.7760 (R1) target, as we mentioned before 25 october is important to make longer term forecast. But it must be mentioned that USD is advancing versus major currencies from monday, so the price of Lira dropped...