Marketanalysis
My view on EURNZD D1 (07/11/2019)My view on EURNZD D1 (05/11/2019)
- MACD & ATR is decreasing to the bottom now => Volatility and momentum of price is decreasing
- Price action on D1 turned from rectangle to descending triangle
- Bollinger Band squeezed
- My prediction is If price will break through 1.7321 ( support level ) then it can go down to the next support level (1.7000)
Thanks for reading,
BenelliFX
AUDUSD: between a rock and a hard place.we are currently in a zone of uncertainty in AUDUSD, could we break out above this monthly downtrend line with momentum and conformation then this might be the bottom of AU's long downtrend. if not and we break current support out next target might be the lower timeframe trendlines below.
I'm hoping for a break above. but for right now we're doing nothing until price leaves the red zone with conviction.
AUDUSD projection here we have my follow up chart for audusd, I am looking for an inverted head and shoulders pattern that subsequently ends up to be a mirror image of the left blue box. this does not rule out that price will not reverse lower and potentially make a triple bottom but that would be unlikely in my view.
no more longs on AUDUSD until inevitable correction.we've achieved a 3 wave uptrend that began from the first of October. now we are yet once again in an overbought position and any new longs should be taken with precaution if not avoided altogether. I believe for this upcoming week we will see a dip in AUDUSD or probably a new downtrend.
Solve ready for new Bull Market? x8 again?Hello Guys, I am here again to share some TA with you!
During its short existence, Solve Care has seen a beautiful bull market (800% incline in price in 55 days), with a golden cross and a top of 8100 sats. Now it had been in a bear market for the past 120 days, with a death cross and a 88% decline in price. I am still figuring out why I didn’t pay attention to this death cross. We have had a time of consolidation on and around the 1000 sat level. So Solve is ready to enter its next bull market. This could mean an x8 increase in price again.
Yesterday price went up with a beautiful 31 percent. Taking It above the 50 Day MA and above the RSI resistance at 54. My best guess is that this could very well be the start of a new bull market. I will be updating this post to let you guys know when big things are about to form, like a golden cross.
What do you think? Leave a like and a reaction.
Greetings!
AUDUSD on watchAussie dollar fell towards 0.6672 after rates cut, where it found strong support and closing above a significant level suggesting a possible validation of the ABCD. With the weakening of the US dollar and the market giving a 73% chance of rates cut at the end of the month we wouldn't be surprised to see the AUD rallying towards the 0.695 level. Something to keep on eye on is the US-China trade.
Practicing TA. I look back at these (updated)Just doodling on a lazy sunday.
Had to delete the old post from 5m ago to update the Weekly indicator TLs.
261 is my target for a breakdown monday.
Bull case is 307 and 326.
Having a lot of fun lately.
Really good time to be a trader. lucky ducks.
Thank god we are done with the grinding.