Bullishtrendpattern
Litecoin Short Term ForecastD1 - Price has broken above a strong resistance zone and is holding above it.
There are no evidences that show the current trend is over yet.
H4 - On the H4 chart we could see that the price which is moving higher has created a bullish trend pattern.
Currently, it looks like a correction is happening. Expecting further continuation higher after corrections.
H1 - Until the key support zone shown in the chart holds my short term view remains bullish here.
ETHUSD ForecastD1 - Bullish trend pattern followed by a correction in the form of consolidation. Currently, the price has broken above this consolidation.
H4 - Bullish trend pattern followed by a double wave correction. The price has broken above the most recent downtrend line.
H1 - Bullish trend pattern, expecting further continuation higher after pullbacks.
Invalidation - If the price moves lower, breaks, and holds below the 61.8% (236.41) fibonacci retracement level of this bullish trend pattern in one straight leg then this bullish view will be invalidated.
Bitcoin ForecastD1 - After the bullish trend pattern we had a correction in the form of consolidation.
Currently, the price has broken above this consolidation and is holding above it.
H4 - We had a correction in the form of double wave down, bullish divergence, most recent downtrend line breakout.
H1 - Bullish trend pattern, expecting the price to continue further higher.
In addition to this, the MACD has ticked to the positive side in all the three timeframes (D1, H4 and H1) which we may consider as an evidence of bullish pressure.
Note: You can find the MACD complete guide here: vladimirribakov.com
NZDUSD Short Term ForecastH1 - Bullish trend pattern completed. Expecting bearish pullbacks.
False break, bearish convergence, bearish harami candle pattern, and most recent uptrend line breakout. We may consider these as evidences of bearish pressure.
Expecting further continuation lower in the short term after pullbacks.
EURJPY Short Term ForecastH4 - Bullish trend pattern. Expecting the correction to continue lower further.
Price still has room lower towards the two key support zones.
The first support zone is formed by the 61.8% (119.581) fibonacci expansion level of the first wave and the 50% (119.370) fibonacci retracement level of the bullish trend pattern.
The second support zone is formed by the 100% (117.993) fibonacci expansion level of the first wave and the 61.8% (118.172) fibonacci retracement level of the bullish trend pattern.
H1 - Bearish trend pattern followed by double wave correction. Expecting further continuation lower towards the key support zones.
Lufthansa ForecastH4 - The price which is moving higher has created a bullish trend pattern.
There are no signs that show the trend is over yet.
We may expect further continuation higher after retraces.
Gold Short Term ForecastH4 - Price has broken above the downtrend line and has also created higher highs.
There are no signs that show the trend is over.
H1 - Price has created a bullish trend pattern.
We have a key support zone that has formed by the 38.2% (1724.29) - 50% (1718.13) fibonacci retracement zones of this bullish trend pattern.
Until this key support zone holds my view remains bullish here and I expect further continuation higher.
Potential Cup and Handle Formation on EURUSDPrice is reaching a previous high and has passed the 1.1000 demand and resistance level. Over the next few days EURUSD may trend downward to test that previous resistance as support. Stochastic shows overbought on the daily for the initial downward movement to form the handle. The 8EMA has crossed the 20 and 50 Simple Moving Average to depict a possible trend change. This formation could take almost another month to 2 months to play out so keep it in mind for the future.
USDJPY ForecastH4 - Price respected the key support zone formed by the 106 psychological zone, alternative trend line, and the 61.8% (106.371) fibonacci expansion level of the first wave we have.
We also had a false break of the alternative trend line and the last low, bullish divergence.
The price has also broken above the downtrend line and has created higher highs.
H1 - Bullish trend pattern, currently it looks like a pullback is happening. Bullish hidden divergence.
Expecting further continuation higher after pullbacks.
GBPUSD Short Term ForecastH4 - Bullish trend pattern, correction is happening currently. Price still has room lower towards the important support zone.
H1 - Bearish trend pattern, correction is happening currently.
Until the invalidation level at 1.24906 holds, I expect further continuation to the downside.
EURNZD ForecastD1- Bullish trend pattern, we may look for pullbacks and buys.
H4 - Currently it looks like the pullback is happening inside a bullish flag pattern, bullish hidden divergence.
H1 - We have two important buy zones that has formed. Price has reached the first zone, bullish divergence.
Until these two buy zones hold my view remains bullish here.
Ripple Buy IdeaW1 - Bullish divergence.
D1 - Bullish convergence, currently it looks like the pullback that we were looking for has happened.
H4 - Pullback happened in the form of two waves down, downtrend line breakout and the price is moving higher.
H1 - Bullish trend pattern, currently it looks like a pullback is happening, we have two buy zones that has formed.
Price has reached the first buy zone, we may now look for bullish setups with bullish evidences (evidences could be in the form of candle stick patterns, false breaks, trend line breakout etc… supporting the bullish view) in order to start looking for the buys.
Alternatively if the price moves lower then the next area to look for bullish setups with bullish evidences would be the second buy zone.