Gold reached Gold reached the resistance and I'm ready for another downtrend. Targets 1631 / 1615 with risk reward 1:3
The reason for that is my analysis of the US Dollar Index which reached the first target and went back to the support. We have a couple of US events later today on the calendar, be ready!
Dailychart
USD pairs testing key daily and weekly areas...USD pairs testing key daily and weekly areas... Some of which are shared in my charts above...
We could see some USD buying...
If the areas break, then perhaps a longer-term USD retrace move
I have been short USDJPY since 1.4930, so hoping for a break lower
GBPCAD Short from Resistance to 1.538 Zone Welcome back! Let me know your thoughts in the comments!
**GBPCAD - Listen to video!
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EURCHF Short from Resistance 80 pip potential gainWelcome back! Let me know your thoughts in the comments!
**EURCHF - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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Brian & Kenya Horton, BK Forex Academy
Daily review of BTC interval 4HHello everyone, let's take a look at the BTC to USDT chart over the 4 hour timeframe. As you can see, the price is moving below the local uptrend line.
Let's start with the designation of the support line and as you can see the first support in the near future is $ 19,386, if the support breaks down, the next support is $ 19,226 and $ 19,090.
Now let's move from the resistance line, as you can see, the first resistance is $ 19,496, if you can break it, the next resistance will be $ 19,601, $ 19,678 and $ 19,763.
Looking at the CHOP indicator, we can see that in the 4-hour interval the energy has been used, and the MACD indicator indicates a local downward trend.
BITCOIN ANALYSIS: intraday bullish potential entry on the dailyFollow the trading strategy and rules for a high chance of accumulating profits with the bullish/buy entry on the daily and lower timeframe i.e. 4hr or 1hr chart.
P.S NOT A FINANCIAL ADVISOR... JUST EDUCATIONAL AND LEARNING PURPOSE ONLY...
ZYDUS LIFESCIENCES Parallel Channel Pattern Breakout*ZYDUS LIFESCIENCES*
Time Frame : Daily
Observation:
* Parallel Channel Pattern Breakout on Daily time frame
* 380 Swing High Break
* Mean (EMA) Diversion on Hourly time frame.
Resistance/Target: 401 420 452 486
Support: 350 329; Dynamic Support for EMA 200 on Hourly Time Frame.