Dailyanalysis
Alphaex Capital - EURUSD - Support & Resistance Levels 18/12/20Today's micro support and resistance levels on EURUSD to look out for.
Alphaex Capital - USDJPY - Support & Resistance Levels 18/12/20Today's micro support and resistance levels on USDJPY to look out for.
Bearish Scenario: Ethereum show weakness!!! divergence downIn the medium term, we noticed that Ethereum doesn't have force to continue up above to $600 USD. So guys, you will need to still alert of any bearish scenario, because I can to see two support: $490 USD and $440 USD.
Now, vey important it's to have this plan in case that Ethereum show more bearish signal in Daily or H8 or H4 timeframe. My reccomendation if you want to get benefit of this short position don't trade H1, trade H4 chart or above.
Also, noticed that in 3 Daily chart in the RSI I mark the red horizontal line that mean sell signal and also, we can to see a sell signal in Ethereum that we would need to know this secret information to accumulate more Ethereum!!!
Ethereum it's one of my cryptocurrency favortie!!!
And then, in weekly timeframe, we see more bearish scenario that Fibonacci mark a possible correction toward the 0.382% and 0.618% of Fibonacci. and also we see a bearish divergence in the RSI too!!!
What do you think about this analysis? Can this analysis support you and have any plan for bear scenario?
GBPJPY bullish - updateGBPJPY still in an ascending bullish channel (in black), headed to touch the weekly resistance of the main descending channel (in red).
BAT- Long-term weekly S/R flip aheadAfter more than 70% retracement, BAT is poised for another run once the derivative data turns bullish.
Long-term weekly S/R flip is the last hurdle to clear.
EURUSD Bullish outlook for next weekThe Daily structure shows formation of a Higher Low and previous 2 Daily candles were part of the bullish impulse. The 4H structure can be seen creating Equal Highs, signaling probability of structure shift from bearish to bullish, confluently with the Daily Bullish bias.
Quite bad for you to not take NZDCHF stakeHello everyone and our Elite traders
NZDCHF currency pair is showing BUY performance, while daily sellers were slaped. Last swing from the whole price action story is showing strong buyers performance for overall trend idea.
If we are looking closely from H4 timeframe, you can see price get to the next decisional point. This gave us to targets based from next buyers steps. If price get denied, we can expect new swing (rest) and new time for buyers continuation.
Second, if buyers will continue higher without stops, we can see our first target lower, but still great to entering buy position.
At the moment price is at neutral zone and might continue trend or fall into a possible range idea.
Keep close aye on this trade. Watch also previous AUDJPY analysis.
Good trading
ELitefxacademy
Possible Bearish Scenario...Good morning Traders! Support my Analysis with a Like if you agree...
A Double Top Formation is being formed on the Daily time-frame. Price recently failed to close above Pivots, which followed up with a failure at the 50 Moving Average.(Blue On Chart) A local level of support has been identified @135.88. A break of that level could indicate a meltdown towards the 133 price zones. This is a Bearish sentiment following my Bullish Sentiment I predicted earlier this week. Refer to related ideas.
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GOLD PRE MARKET ANALYSIS..Excited for this week of trading. Gold may be moving too the upside pre US Presidential Election. Post election, I predict the same. For now i'm going to focus on this week. Gold has formed a Bullish Triangle on the Daily Time-frame, which supports my Long bias. Price reacted bearishly the last two days of last week, but still supported a higher low. I predict a rise to $1920 Resistance, then $1960 if break & close above that level. If price decides to decline when market opens, I think possible level of support would be a little lower than $1865.00. I believe a MAJOR pullback will occur if that happens in my opinion. This long analysis is only valid if break & close above $1930 occurs.
Support My Analysis With A Like If You Agree
What do you think Gold will do pre & post US Presidential Election??
Ethereum is into this bullish flag!!!In this analysis, Ethereum is weakness and the trend is leading ot the bearish towards the $354 USD.
Ethereum has the same situation of what Bitcoinn do!!!
But here is more interesting in H4 or you can see in H1 timerame. But, H4 is my key to keep my trades in long. So, Ethereum is forming this bullish flag ABCDE that the bear are take the control o the trend to be the price it's going down. So, I put my sell order limit at $412 USD with a SL at $422 USD and my target profit will be $394 USD. Also, as reference the RSI show a weakness and I mark that in this yellow circle that I show it.
Guys, i you like my technical analysis, please comment, give a like and I hope that this idea it's support for you!!!
Good r:r on long EURUSD positionprobable reversal point suggested by a 3 trendline intersection point, an RSI divergence and the base of a big Andrew's Pitchfork. Nice risk reward ratio since the SL will be positiond near a tiny swing low structure but the target is far away towards the center of the pitchfork and another 3 trendline intersection point, one being very important since it's the daily resistance (and it would make the third rejection, usally the most valid one). I think this would make a good trade as we wait for the major reversal on the upper daily resistance (see my previous post). Leave a like if you like...money. XD
EURGBP OutlookPotential for a long position on EURGBP over the next coming days
Schiff fork touches the edge of the channel, which is the same area where we have had prior bullish signals this year (see candles highlighted) thereby making this a likely area of reversal from the current downtrend that began around this time last month
If the price holds in this outlined area of 0.896 - 0.893 then we will have confirmation of an uptrend from the March/April lows when the 50D SMA crossed above the 200DSMA, and continuation of the ascending channel
Failing this, we will look to the 200D SMA for support, the same area where the pair has found prior support and generated bullish candlestick patterns
Strong resistance found at the 0.917 area
XRP/USD: Analysis *Daily POV*Overall XRP looks to be bearish in the long run maybe just to 0.25000, and i think that because price has stabbed the red structure multiple times which makes me think price doesn't like this zone, but price has been consolidating on a lower time frame. Lets see what happens!
My very first analysis Hi guys I am new to trading and this is my first try at chart analysis, I based this idea on the weekly, daily and 4hr chart.
Please leave feedback in the comments and any feedback would be very helpful!
NZDUSD daily chart -- Short off trendline resistanceRisk off thru most of October, as long as we don't get back above the multi-month trendline, we should break down thru Ichimoku Cloud and hit oversold RSI of 30 over next 5 trading days.
SL -- 0.6635
TP1 -- 0.6420
TP2 -- 0.6250
GJ AnalysisAnalyzing GJ I spotted a few things one being that there is an inverted 3 pin formation on the weekly timeframe. Also clear as day there is a inverted head and shoulder formed as well on the daily timeframe which I don't feel like it got it's justice YET, with that being said I see the bulls coming in and taking over. Price is in a very tough spot at the moment sitting inside of a key zone in between a bery respected psychological level and the resistance for my key zone, waiting for more confirmations. Honestly seeing that there is a pivot point on the daily makes me think we could see some bearish movement after price makes its way up some.
Let me know what you think below!
GBPAUD: Analysis- longAnalyzing GA from the daily I noticed price is in a key-zone. Dropping down into the 2hr timeframe allowed me to confirm my decision on direction. Price is now at a pivot point gearing up for the bulls. To add to the key zone I marked off I have a median within the key zone which price has already tested, and failed to break on the last candlestick which is also the 0% on the Fib. Before entering a trade i'm gonna wait for more orders to be filled, price could head to my next key zone over time, but for now I will ride price to just a little above the 61%.
GOLD is about to breakout.....Hi Traders,
Gold was in a monstrous uptrend since covid - 19 outbreak. Now price has retraced and tested a key support level (yellow). A break above the trendline can result in price testing the highs(Red) again. In case of a downward break price could test the next immediate support level(Green).
For queries pls comment below....
Happy Trading...
