GBPJPY Break Into CloudGBPJPY consolidating in a narrow range between 164.25 and 162.28 for the past three days.
immediate support is around 162, breach below will drag the pair to the next level to 159.
Dailychart
Dixon making head and shoulderDixon has made head and shoulder pattern on daily charts. It's a bearish head and shoulder and stock can correct upto 8 to 10%. Refer the chart for downside target.
Nifty's Daily Chart AnalysisHere I brings you the daily chart analysis of NSE:NIFTY
Going back to 23 march 2020 Nifty 50 found a strong support of a trendline and never go below that trendline until 23 November 2021.
But on 22 Nov 2021 , it gone below the trendline but still managed to close above trendline.
on 23 Nov 2021 it opens below the trendline but closed above it.
similar story for 24th and 25th November
But 26th November was the day when Nifty Opens below the trendline and closed far below it... that was the day since nifty never gone above it.
On 12th, 13th, 14th and 17th January 2022 it again tried to go above the previous ( Solid Dark ) trendline but failed to do so, and pushed below the newly formed downward trendline ( Dotted Trendline ).
Nifty again tried to cross above the new trendline on 2nd and 10th February 2022 , but failed.
From last six days Nifty continuously trying to go above the dotted line but every time it got rejections .
Conclusion of Analysis:-
1. Nifty may remain in the downtrend until it crosses the dotted trendline and sustain above it.
2. If it succeed to cross above the dotted trendline, Nifty may remain in a sideways trend until it breakout the 17800 zone.
This Analysis is not a trade recommendation, this study is purely for education purpose only, Do your own Study and Research before getting into any trades.
Sandbox following the same double bottom pattern as most altsYet another alt with the same pattern. It’s currently above its smaller double bottoms neckline and will likely confirm a breakout from that zone in the next couple daily candles.
XAUUSD Finally breakout Down ChannelBreak out 21-EMA and next eyes 55-EMA
If break 55-EMA next eyes 200-EMA and 200-MA
AAVE/USDTSafe entry is after completed head and shoulders pattern. For the risk lovers, there is a sample position on chart.
US100 Long Short AnalysisUS100 is in a strong downtrend and I will be using this analysis as a guide to follow price reaction
BTCUSD (Bitcoin) Testing Cloud BaseBTCUSD surged sharply above $39000 on upbeat market sentiment. The pair breaks 21- EMA after a long consolidation.
The breach above confirms minor bullishness. A jump to the next level of $43500/$46000/$48300 is possible.
DOW --> Shoulder Head ShoulderHello Traders.
- SHS pattern on daily basis
- Resistance cluster between 35380 - 35600 (a break trough will give price more upside momentum)
I expect a test of the neckline support next week.
Good Trades
USDJPY slips lowerUSD/JPY slips lower from 20-year high, weakness on account of technical correction, bias still bullish
Overbought conditions on oscillators and Spinning top on the daily candle may drag the pair lower
Major Support Levels:
S1: 127.30 (5-DMA)
S2: 126.13 (200H MA)
EURUSD Intraday trade ideaNext eyes 21-EMA and RSI below 50 and stoch momentum is bearish
the market was extremely bearish and now we can expect a local bull or even bullish here near these support zones.
XAUUSD Break into Daily CloudIf break trendline scope more bearish
and testing 21-EMA
RSI below 60 Bias lower
Stoch momentum is bullish
GBPCHF Daily Technical OutlookPrice action has found stiff resistance at daily cloud and further gains only on break above
GBP/CHF was trading capped between 55 and 110 EMAs, breakout will provide a clear directional bias.
GBPJPY trades higher GBPJPY trades higher for a third consecutive week on a weak yen.
GBP lost nearly 150 pips from a minor top of 1.31468 against the US dollar on board-based US dollar buying.
Technicals:
On the lower side, immediate support is around 164,
and a jump to 168 is possible
Daily Supports and Resistances // 15th April 2022(((Since I value your time, I always provide a concise summary - feel free to request more)))
Here, I expect that the price will rise to 40297, then 41062, and possibly 41511 before the end of the trading day.
Valid until 16th April
For your trade: The supports and resistances are evident; just check their repeatability:)
GBPJPY hits 2-1/2 week high as pound sterling recoversGBPJPY hits 2-1/2 weeks high on surging pound sterling. It gained sharply against USD on upbeat UK CPI data.
Technicals:
On the lower side, immediate support is around 162.80,
watched is around 164, a break above that level confirms intraday bullishness, and a jump to 166 is possible.
Going Under the 3-EMAS As the medium reaches below the slow EMA
Here we have a great SELL signal
Keep in mind that this is NOT an intra day signal.. This one will require time
But assures a great stability and why not, hopefully, profit
AUDUSD rangebound at 21-EMA supportAUD/USD rangebound at 21-EMA support, US Retail Sales awaited for impetus
A 'Golden Cross' on the daily charts keeps downside cushioned
- RSI flat, but holds above the 50 mark, Stochs are on verge of bullish rollover from oversold levels
- Price action is above cloud and Chikou span is biased higher
EURGBP lower in sloping channel patternPrice action is consolidating break below daily cloud, Chikou span is biased lower
The pair is trading below major moving averages which are trending lower
EUR/GBP grinds lower in sloping channel pattern, scope for further weakness. Bears target channel base at 0.8220.
USDJPY on a retracement move 🦐USDJPY on the 4h timeframe reached a new high above a monthly structure.
Being that level is quite a strong one it is possible that the price will close the trading week below it especially after a long bull trend.
How can we approach this scenario?
We will wait for a break of the trendline and in that case we will search for a possible short order entry according to the Plancton's academy rules.
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger
GBPUSD (4- Hour chart)GBPUSD Currency Strength Index
Major resistance- 1.3190
Near-term support- 1.2970
Trend reversal level- 1.3150
BTC Next MoveBTC seems to make a bearish flag on the daily timeframe.
If it respects to support of 37900 this week then possible to retrace 42k else it could down following a bearish flag to 30k.
Start purchasing Alt-Coins if BTC goes down to support 37900 with proper DCA Strategies.
Further hoping for the best.
NZDUSD finds major resistance at 0.69NZD/USD spiked higher to test 0.69 handle, before erasing most of the gains. 200-DMA offers stiff resistance at 0.69 handle.
Edges below 50-DMA and eyes cloud support
Major Support Levels:
S1: 0.6844 (110-EMA)
S2: 0.6779 (20-week MA)
