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AUD/NZD WEEKLY CHANNEL RESISTANCE AND STRUCTUREThe pair has reached the resistance area of a massive downward channel it was trading in for the last 3 years. The resistance line is porous, and is more of an area though, which can be seen by the spikes of the weekly candle shadows spanning way outside the channel borders. The horizontal structure to the left helps us determine the potential area of resistance where the upward move can be reversed. I will be watching the price action closely to determine entry points. Guys, like and subscribe to support me! I really appreciate that! Wish you all best of luck in your trading!
Short
by ProSignalsFx
8
How AUDCAD might follow our targetsWe are positive about buyers next move, but check the video on what can happen from both side perspective. We are in game between bearish trending flow and bullish channeling. Follow our mentioned resistance and support levels. Our entries are always performed on our custom indicator, which cannot be seen here. Youtube channel in preperation. You can join our free suggestion room, and get potencial trades analyzed on indicator. (send us message on support) Our expectation: Buyers Target T1: 0.86149 T2: 0.87367 T3: 0.88269 Sellers Target T1: 0.83269 Wish you good trading EliteFxAcademy
by EliteFxAcademy
BTC.D - bullish divergenceI myself am an altcoin investor. As an altcoin investor I want to see Bitcoin dominance as low as possible. Here I'm presenting you with a simple BTC dominance chart and it's channel. Last alt burst happened in that 13 consecutive day drop, which had us all going nuts. Then BTC took it's throne back a bit. Upper white arrow shows two descending tops, while the lower arrow shows increasing RSI indicator. That's quite a steep incline for the RSI comparing the two tops of BTC.D. That itself is bullish. Second thing we can come up with is the Bitcoin block halving, which is scheduled around 13th of May this year - 44 days away. This makes me believe that Bitcoin could lead the way until block halving, touch the descending channel trendline, and come back down again a bit before halving. That could potentially be a signal for alts to "man-up". At least that's what history taught us. What's your opinion? Are you excited about the halving? It's only a month and a half away!
CRYPTOCAP:BTC.D
by Osemka8
NZDCAD : Long Setup with Potential Buy ZoneHello Traders. First of all , if you think this analysis is useful to you, press the LIKE button after read ) Let's start : The US Dollar Index has been rising for the full 103 weeks : Terminal Status in these 107 weeks: When we look at the terminal, NZD and CAD seems equal in terms of both positions,but NZD is more discounted. Recommended parameters: Position Size : %0.5 Risk/Reward Ratio : 1/1.87 (But if we get an opportunity inside Buy Zone, this rate can become more valuable.) Stop-Loss : 0.84575 Goal : 0.86196 NOTE : In the case of a negative scenario, we may have to try again , so let's keep the position size in small amounts. And let's consider the Buy Zone (Yellow Area). Regards.
Long
by Noldo
2
NEO Long strategyNEO has broken down a channel with bullish tendency still beeing visible as RSI and the Ichi cloud indicating the bulls are still in it specifically I would like to state the support at the end of the cloud holding the price action for neo. In case NEO finds itself over the cloud it will immediately complete a cup & handle on its way up to the resistance at top of the channel. The buy demand structure shows a pullback scenario shall happen at the top of the channel. The best safe place to place your SL has been placed on the chart.
Long
by Zivul33
1
EURUSD Follow or Broke the Channel?Hi guys, here is my analysis about OANDA:EURUSD . It looks that the price made a bullish inversion candlestick pattern (bullish engulfing) at the support area where is also the 0.382 Fibonacci level. This is without doubt a long entry signal but with the trendline of the falling channel very close I would wait to go long. This means: LONG at the trendline break with TP at 1.10874; SHORT if you see a rejection candle near the trendline with TP1 at 1.10000 and TP2 at 1.08912. Follow me for other analysis and if you have any question or suggestion let me know commenting below. Thanks for reading.
by AndreaStimoli
USDCAD Trendline Break or Continuation?Hi guys, here is my analysis about OANDA:USDCAD . Price has touched the trendline and the support in the same time so what will happen. Following the trend it should continue to pushing up but being very close to the 0.5 Fibonacci level it is possible that will broke down. My entry setup: I will enter SHORT at the support retest to be sure of the broke down. Take profits will be at each one of the three swing low (Red circles on the chart); I will enter LONG at the broke of the flag (purple trendline). Take profits will be at the 0.5 Fibonacci level at 1.33398 and 0.382 Fibonacci level at 1.34160. Follow me for other analysis and if you have any question or suggestion let me know commenting below. Thanks for reading.
by AndreaStimoli
LONG ON USDJPY - Reverse The Previous Trades (if any)Buy stop @108.800 JPY with target @109.500 JPY or maybe higher @110.000 JPY (use Trailing Stops) and conservative stops at @108.200 JPY or a closing-basis stop below the low of 108.580 JPY . For more information on targets - Refer to the following charts (the Horizontal resistances and the channel resistance are drawn) *Alert* / *Note* - Reverse the trade only if the market hits the Buy stop (mentioned above). If the Buy stop doesn't trigger, then it is better to stay SHORT . There is a minimum of 70 pips to be made in this trade. Earlier (in the previous idea/related idea), I told to short this pair. Now it's time to reverse this trade (taking a small loss of 26 pip, i.e. from 108.500 to 108.761) because the context of the market has changed. For explanations, watch out for my posts coming later.
Long
by Satx98
EURAUD Double Bottom. Bullish Engulfing Candle. Channel SupportWe got a lot going on with the EURAUD that's showing Bullish signs for the next move. on the Daily we are at a Major support level from its long term channel, the market tried to break it last week but ended up closing with a bullish Engulfing CSF creating a double bottom. Now on the shorter Time Frame the market has already entered in the buy zone with a bullish crown pattern, all im waiting now is for the market to confirm the right tip and its hopefully ready to go. we also got a lot of the other AUD pairs thats showing AUD weakness so this also adds another layer of confidence, you can check out my 2 other recent posts of GBPAUD and AUDJPY
Long
by ElyaStein
ETHUSD - Still in an up-trend! Bulls loading orders!_______________________________________________________________________________________________________________________________________ Hello traders investors and community. Today i want to analyse ETHUSD , there is an exciting pattern forming with unusual market movement.While the cryptocurrency market is moving sideways and dont really know where to go i see pretty worthful signs at ETHUSD to make some up-moves the next time. _______________________________________________________________________________________________________________________________________ Looking on the 1 day chart we have seen a pretty bloody correction the last days and weeks where ETHUSD stopped at 191 and formed a stabilisation at this level. We see ETHUSD consolidating in this area now. _______________________________________________________________________________________________________________________________________ There is strong support at 160 - 200 USD which we formed in the up-trend moves before, you can see it marked with the oyster trend-lines also with the dashed blue trend-lines which showing support from the huge triangle formed. If for any reason we fall below the current support at 191,what i dont expect, there is high probability for support in this area! _______________________________________________________________________________________________________________________________________ Now what is coming the next days and weeks?! As ETHUSD completed the ABC correction it is stabilising now, i am expecting a continuation of the bullish trend before. There was some unusual market movement formed in the correction which was bigger than expected, now i am looking for the possible target which is intact when we form the next up-moves. You can see it market with the dashed blue trend-lines and elliot-wave count ending at 500 US. Target will be between 450 - 500 USD. _______________________________________________________________________________________________________________________________________ Also EHTUSD is moving in an huge up-trend channel, which upper and lower line we tested already three times now, i am expecting a fourth test of the upper line. _______________________________________________________________________________________________________________________________________ RSI showed us a oversold condition! Which is normally shown before an move higher! The market is oversold because everybody selled and it will be hard to go lower. _______________________________________________________________________________________________________________________________________ These overall factors give me a bullish picture of the future movement from ETHUSD , after a consoidation between 190 - 240 i am expecting a break-out to the upside! _______________________________________________________________________________________________________________________________________ Hopefully you enjoyed this analysis, give some support so you dont miss the next market insights about cryptocurrency! So see you soon! This is only educational and should not used to take action in markets! May all happiness and luck come to you friends! All the best! _______________________________________________________________________________________________________________________________________
BITFINEX:ETHUSDLong
by VincePrince
2