AUDUSD | December 15, 2020Hey i'm Amir .
Here's update for AUDUSD Guys...
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I have been learning Forex for 2 month now.
Long-signal
TRB/USDT Triangle Broken: Long IdeaTRB/USDT has broken its wedge today. The break went with sufficient force and volume, which makes me believe we will see some more bullish action coming in the next few weeks.
Im eyeing the last two highs which touched the upper trend line as potential exits, Resistance 1 and Resistance 2.
BEL/USDT Triangle: Bullish OutlookBEL/USDT is continuously bouncing off the lower trend line. Yesterday, it bounced again, signaling a new upward trend.
I'm looking at Resistance 1 to take some profits. If you're feeling confident, Resistance 2 might be more suited. In any case, do your own DD.
CRV//USDT Bullish WedgeCRV/USDT has bounced off the lower trend line of the wedge, signaling a new bullish movement in the short term.
Im eyeing $0.70 as a potential target, feel free to do your own DD.
Litecoin Bullish Movement AheadLitecoin is have a strong last couple of months. After the two rapid declines of the past few weeks I reckon that the price is going up again after it bounced from the lower support line.
For this trade, my main target is $90, but feel free to select your own. Also, take a look at my long-term Litecoin idea linked below.
ATOM/USDT Strong Bullish ReversalFor a few months now, ATOM/USDT is following a channel. Yesterday, the price bounced off the lower support line, signaling a new bullish move upwards.
Im considering ~$6.20 as the main potential target, but please do your own DD.
SPX500 Possible Reversal From SupportThe SPX500 is gradually running up since early november. Every time it hits the support line it will reverse quickly and continue its upward momentum.
It's not a big % trade, take some profits when you're 1-2% in the green.
XEM/BTC Triple Top XEM/BTC is seeing some strong upward movement today. I'm seeing the price reach the 1450-1500 sat area again.
If the price manages to blast through this area, we might see even more growth in the coming weeks. In any case, trade carefully.
CAD/JPY Bullish TriangleCAD/JPY has been a very active pair lately. Since May this pair is trying to break through the 81.5 resistance without any luck, until now?
Hopefully, we manage to close higher tomorrow. This would, in my eyes, signal a new upward movement towards the pre-corona levels of 84.5.
In case we close lower, we might see the price retrace towards the lower trend line, which will probably hold.
ZIL/BTC Has More Room To GrowIn my other ZIL post I foresaw strong bullish action on the ZIL/USDT pair. Since Bitcoin is kind of oscillating at the moment, I think the BTC pair will continue to shoot up.
Consider Resistance 1 and Resistance 2 as areas of major selling pressure, based around 190 and 200 sat respectively.
ZOOM [ZM] After Earning BounceZoom missed its earnings target, which caused the recent drop in share price. The drop didn't go all the way, it stopped right on the ascending trend line.
In my opinion, the price drop was too steep. ZOOM managed to increase their userbase and therefore their potential revenue. My take is that investors are noticing this and betting on a short term increase in price.
Consider Resistance 1 and Resistance 2 as the main targets, but feel free to determine your own targets.
Boeing [BA] Back To Pre-Crisis HighsBoeing is doing great this month. The US elections and vaccine news made investors realize that Boeing was criminally undervalued.
Today is the day when Boeing finally beats the summer high around $230. With a vaccine within grasp, I see Boeing reaching its old highs again.
Consider Resistance 1 and Resistance 2 as great areas for taking some profits. In case you're more bullish minded than that, ride the wave till $400!
TRB/USDT Strong Bullish MovementTRB/USDT saw some strong movement today and yesterday. It convincingly bounced off the lower trend line which it has been following since early October.
My prediction would be that TRB will continue to rise till it reaches the $34 area. After reaching $34 it might consolidate for a while, risking a reversal.
LSK/BTC: New Bull-Run Soon?LSK/BTC failed to pierce through the all time low around 600 sats. Recent price action could signal a new bull run starting soon, take a look at today's massive engulfing candle for example.
The most conservative approach to this trade would be to target Resistance 1, based at last week's high. Resistance would yield higher returns to the cost of higher risk.
USD/JPY Bullish SignalUSD/JPY completed a classic wedge pattern and broke out on the top side, signaling a new bullish move upward.
Consider Resistance 1 and Resistance 2 as potential exits, with the first being the most conservative.
GBP/JPY Textbook Bullish TriangleGBP/JPY is finalizing a perfect bullish triangle on the 1H chart. It's waiting to go up.
Consider Resistance 1 and Resistance 2 as potential areas of high selling pressure, take some profits there is possible.
CHF/JPY Finally Broke The WedgeIn earlier posts I made predictions of CHF/JPY following it's wedge. Both times I was correct, however it managed to break out of the multi-month wedge today, signaling a new bullish move upwards.
Consider Resistance 1 and Resistance 2 as potential areas of reversal, thus taking some profits there.
AMD Possible New All-Time-High This WeekAMD has been steadily increasing in price over the last few weeks, with a major bullish explosion today.
If today's momentum holds strong and we manage to close above the $94 resistance, we might even see a run up to $100 at the end of the week. Since $100 is a major psychological resistance, there will be a lot of selling pressure there, beware of some consolidation or even a reversal.
EUR/USD Bullish Break-OutOn Friday, EUR/USD finally broke out of the channel that it has been in for several months now, signaling a new bullish move in the coming weeks.
Since there are no real resistances around here, I've selected 1.22 as a potential target. When you zoom out the chart, you could select 1.24 or 1.25 as potential resistance, but that could potentially take months to reach. Do your own research and select a target that best suits your needs.
ZOOM Earnings Hypen a little more than a week ZOOM has their new earnings call for Q3 2020. Investors are taking notice and have started to buy up shares aggressively.
Trading earnings is a difficult and risky business, my advice would be to ride the wave and exit before the earnings take place. Much less stressful and risky.
Consider Resistance 1 as the main resistance in the coming week. If the price action remains exceptionally bullish, Resistance 2 could be reached, but I doubt that. Resistance 2 would be the new target if the earnings are very positive. It's unlikely that Resistance 2 would be reached before earnings.
ZIL/USDT Major PotentialZIL/USDT is recovering sharply from this week's dump. With sufficient volume, the price could reach the most recent highs again.
My conservative aim would be to place your target around Resistance 1, a nice 13% return from the current value. A more risky bet would be to have your target at the second resistance, placed at the last week's highs, netting a 26% return.
There's a lot of volatility in the crypto markets at the moment, trade carefully!
Bitcoin's Massive Recovery - New All Time High Soon?In my last post I argued that Bitcoin should close over $17.500 in order to start a new run upwards. In the last few hours, volume has increased significantly, launching the price upwards. I think we will challenge the resistance of the last high soon.
If Bitcoin manages to break the resistance with significant volume and price action, we could easily see the price reach for 20k or even more, bringing us towards a new all-time-high.
Take a look at my last Bitcoin idea for reference.
DOGE/USDT Still Very BullishIn my previous post I argued that DOGE would see parabolic growth very soon because it broke out sharply from the rising channel. It happened, but sadly the price fell sharply after this week's BTC drop.
However, the intention of rising is still there. I'm not sure if we can see $0.005 anytime soon, but reaching the most recent two big resistances could be a very good possibility.
Happy trading!
