Analysis: When we take a look at the technicals we can see that price is in a downwards trend. We're seeing lows get broken showing us the bearish momentum. Price has recently broken below a key level of previous support which we now expect will hold as resistance. We don't really have any other added confluences to this setup like a trendline or fib retracement...
We can see that the patterns showed are respecting candlesticks patterns in its bear and bull market. Seems that the manipulation of the market is considerably slight matching it with the previous pre and halving season. We can start opening Spot positions with no problem with some little % of the portfolio. Ones say it can drop down minimum 19k, but the chart...
The dollar index has been correcting for three months. On Friday 2/3/23 the DXY closed above supply for the past two weeks closing above twice its average daily range. With such a big move being made inside of the monthly demand zone I project the DXY testing it's 114 high.
- I am expecting some bullish pressure of the USD this week. - Price may may a final bearish push that may create a bearish reversal pattern, testing the below area of support - From there price will test the previous area of support which created the above head and shoulder (or triple top) before it broke below. -This move is just a retracement to test that area...
DXY Is Going Up to level 109.00 CXY broke out of trend line and going to 76.5 And USDCAD broke the resistance level, now its going to Retest on that level and move up.
Here is my Multiple TimeFrame Analysis of USDJPY. If you think otherwise feel free to comment/post your anaylsis. Please Comment, Like, or Follow. Monthly/Weekly -Price has been in an uptrend for 3 consecutive months. -Price then made a pullback and tested/respected the 38.2 fib level. -The next month price formed sort of a bullish pin bar, showing that price...
Look below for the previous analysis. I have also linked the original analysis so, you can compare the two ideas.
1.) Price is in the monthly/weekly supply zone. Price has had trouble breaking this zone and I think price was just consolidating and gathering momentum to make a bearish push. 2.) Price formed a double top, after an uptrend. A double top formation at the end of an uptrend can signal a potential reversal. 3.) After forming a double top, price then broke the...
After price finally made it's bullish push and breaking out above the resistance trendline, I am expecting price to pullback and test that area, creating a higher low. Price broke out above but ultimately ended up respecting/meeting resistance at the 110.0 major point. Price also retraced and tested the 78.6 fib level then ending it what appears to be a...
Take a look at my original analysis, to see how price has behaved. Price has now completed the Inverse head and shoulder pattern. Price has retraced to the 61.8 fib level. Here is where price found support at that fib level which also correlated with the daily support. Price now began making its bullish move to the upside. I am expecting price to test the...
-Price found support at the monthly/weekly support or demand zone and began it's push up. -After an extended push to the upside (or bullish pressure), it appears price is preparing to make a retracement. -Price broke through the daily support level now, I am expecting price to retest this area. -After drawing a Fibonacci, it appears the 50.0 fib level corresponds...
Looking to sell EURUSD I am expecting the dollar to continue to gain some strength, which in turn will cause a weaker euro. I think price will retest the previous low and find support at that area (the green zone). I am expecting tp at the 1.163 area.
Monthly/Weekly -Price is clearly in an overall bullish trend. But price appears to have become overextended, after a huge breakout (through the trend line) and has since been consolidating preparing to make a possible pullback/retracement. Daily Price has formed a Head and Shoulders (H&S) formation which is a sign of bearish pressure or a possible...
This week I am expecting some volatility in the market due to the fundamentals. On March 22&23 there is US news, where Fed Chair Powell will speak. This news heavily affects interest rates which can possibly make the USD stronger. There is similar news regarding the British pound on the 25th. The higher a country's interest rate, the stronger their currency....
Hello and welcome to a short night session. Take a look at this trade, have all informations to entry on the chart ! Coming up with updates ! Thanks!
We are on big pullback before turn back to Downtrend.