Bought of U.S. Dollar: Fundamental AnalysisHello, this week U.S. Dollar is into the recuperation and we see that United States it's go to benefit the American currency.
In Daily we see a descendent triangle, but the expectative for medium term is bearish, but for now is long in shorting term
That is exactly what I explain in H4 timeframe!!! And also, if you noticed in H1 timeframe, we could see another thing and that thing is a Shoulder Head Shoulder inverted, that is a possible formation to see in the next hours.
Now, the objective it's just to find up 120 pips, its a good profit for us!!!
So, I put a buy order limit at $104.70 JPY with a SL at 25 pips and my profit is 120 pips
Good luck,
Priceactionstrategy
Long Position: Bullish Rising Wedge = 170 pips to pick up!!!Hello, I want to share a series of screenshoot that is interesting to explain with clearly whey Australian Dollar/ New Zealand Dollar is go to leading to up!!!
On weekly as we are into this descendent triangle, don't recall that we are in the supply zone!!!
On Daily we see that AUD/NZD is reach in the exact demand zone, and investor are buying AUD!!! So, this is a good news that Australain es into the recuperation and we would allow to following the Australia's trend economic.
One of the most interesting analysis is the studies of the Elliot Wave Analysis, that study that I making, it's show that we could see another formation of bull trend, in that case is a strenghten of the AUD
That screenshoot is also interesting too!!! Because that is so one of the screenshoot that explain so clearly how we are into this support line that in the past was resistance line, it's will retest 3 once and we see that AUD is go to prepare to up!!! And also, in the second screenshoot we see a importank green level if you want to consider this position to put in long!!!
And finally, we are in this bullish rising wedge, so guys, I see that the trend is goes to up and then, we hope it!!!
So, the only confirmation as the AUD is broke down the rising wedge, that could be a fake movement, and then, it's could be manipulated if you put a short position!!! Beware of it, because the trend is wanting to make a change. And the most is to hope, and please do not put any long position yet until we confirm with a bullish candlestick formation.
So, I will going to updated this par!!! As tomorrow the Forex's market it's will closed up, so in case for Sunday we could to take this analysis when Forex's market open up!!!
But waiting for some hours until we cofirm it!!!
The trend is your friend: Sell Australian Dollar!!!In this analysis, we sell Australian Dollar because the U.S. interest rate and that cause that United States is go on to the recuperation.
But, it's suppose that in H4 timeframe we continue up, but as the U.S. recuperation, the Australian Dollar it's goes to the sell, also look that we are in the bearish channel and we continue sell for the trend.
My objective is just find down 80 pips, I entry in the $76.56 JPY, and that we are in short position. So, still support this idea.
Also, more intersting is this timeframe. So, I will going to updated tomorrow!!!
BTCUSD D1 Live Forecast Up DirectionBTCUSD Respect trend line high chance this trade goes to bullish
Trade pending: Bitcon possible formation of chartist pattern!!!Helo, in this analysis, I believe that Bitcoin is in formation of the ascendent triangle, that expectative is so bullish!!!
So, the only that we need to is to hope that the Bitcoin is leading to the little drop approximately until the $11,764 USD to buy in this zone.
So, checking this analysis, we need to be patient until the bitcoin is leave down.
Also as extra confirmation of support it will being that Bitcoin confirming this support line what in the past was the resistance, if Bitcoin making the confirmaiton of the ascendent triangle + the extra confirmation of the support line, we may to entry in long position with a price action strategy!!! That is the key of trading's success!!!
Now, the forecast is that Bitcoin in short term is leadin to the first objective the $11,284 USD, and the second objective that is we use the trend until the point of $9,800 USD from $10,900 USD, that movement proyect a bullish movement until the $12,110 USD.
Also guys, today I do not analyze Ethereum or Litecoin because I am so enfocous more in Forex for speculate news, so that trade is pending, in case that this analysis is invalided, and if we see another confirmation that BItcoin is broke up the resistance line that form the ascendent triangle and if case that Bitcoin make a pull back and confirming this pull back, I would make another analysis and look if there will being another long entry!!!
So, be patient and wait my forecas that Bitcoin goes to the $10,764 USD.
Fundamental and Analysis: Warned on Sterling Pound!!!
On H4 timeframe, we see a possible formation of the Elliot Wave #4. Well guys, we hope another buy entry with the bull candlestick on confirmation.
Now, we hope that in H1 timeframe is gave us a entry for long position to find up 200 pips as take profit, because I proyect the Euro is go to be more benefit this week, but the earning in the Pound was so little, but not muhc becuase the fundamental news show another singal of warned for the UK.
Fundamental Analysis:
1. Sterling Pound to Euro Exchange Rate Seeing Brexit Pressure but jobs surprise markets.
2. Pound to Euro Exchange Rate Pushed Back as No-Deal Brexit Fear and see no relief yesterday saw Sterling attempt to recover saw Sterling attempt to recover from its sorst levels.
3. With Fears of the UK-EU Brexit talks collapse persisting, the Pound is still uner significant pressure.
4. GBP/EUR is attempted to rebound from its cheapest levels yesterday, and has fallen again from this specualte news showing today.
5. The U.K. government continues its attempts to undermine the Brexit withdrawal agreement.
6. Pound fail to mount recovery despite stronger than forecast jobs.
7. As the UK government won its first parliament vote on pushing through its controversial changes to the Brexit withdrawal agreement yesterday.
8. With a little sign that the government will soften its position, no-deal Brexit fears persist. The pound has been unable to recover much of the huge losses it saw last week.
9. Today, the UK's job market report beating forecasts. Because there were less new jobless claims than expected, and less jobs lost than forecast.
10. However, analysts once again warned that the data was cancealing the full impact of the coronavirus pandemic on Britain's jobs.
11. On the report about the pais employees in United Kingdom, Ed Conway twett in the Twitter that the payroll jobs it's come to down by around of 700,000 since the beginning of covid-19.
12. Ed Conway commented too that redundancies are now rising at the fastest to be shape on the financial crisis in United Kingdom
13. Markets will continue to closely watch domestic Brexit developments, as well as how relations with the European Union unfold. If UK-EU relations worsen further, the pound is unlikely to see much relief.
14. Investors will also be watching upcoming data about the UK inflation rate will be published tomorrow, as will Eurozone trade balance data is published on Thursday.
So, fundamentally the Euro is appear to gaining this week on the market with a good opportunity to entry in long position. I believe that Eurozone is more stable than UK and maybe a good buy of Euro is become more resilient as Eurozone is most stronger!!!
So guys, we hope a re-entry because on the latest 3 hours I send you an alert to put in long, but as Euro is going to down a little because we see a formation of this bullish rising wedge taht fundamentals told it.
Ethereum is formed a simetric triangleAt the moment, Ethereum is formed a simetric triangle, but guys, I don't quit my posiiton, I'm still in long for H4 timeframe, because for medium term Ethereum is need to reach the $474 USD again based in the supply and demand, at the moment, we could see a possible little sell on Ethereum to the $365 USD. But not yet.
In H4 timeframe we could see it a possible formation of Elliot Wave to our analysis, we could to say you that we are in the phase 2 to then, formed the phase 3.
So guys, in the point of $365 USD we could to entry in the 2nd bought opportunity until the $413 USD as target profit. But, I still my position in long because I believe in my analysis for medium-term.
Tomorrow I will going to analyze Bitcoin, in just minutes right now, I will going to analyze 3 pars of Forex, that is
1. Euro/Sterling Pound
2. Australian Dollar/ U.S. Dollar
3. Euro/ U.S. Dollar
Because we have a interesting opportunities in Forex too, but tomorrow I wiill going to check Bitcoin and Ethereum.
Daily technical Analysis: Bitcin is go to explode!!!Hello, in this overview, Bitcoin show a possible bought in Daily timeframe. Also, the best target it's will be $11,200 USD, but making considered, my exact target will be $11,000 USD. That is a interesting opportunity to buy Bitcoin in short term. Bitcoin is leading to the $11,000 USD.
Now, looking the Key Support Line, Bitcoin is respect the up trend line, and that mean that Bitcoin is still up for bulls. Also guys, we identify a new support in Daily mark in yellow, becuase bulls show a soon bull run.
So, guys, it is my analyze in Daily, in some minutes, I will going to make an another analysis on H4 and H1 timeframe.
We are in profit!!!
Please guys, get me a like to be positioned as Bitcoin's trader analyze favorites on the top of the best traders on Trading View to be here into the top of Bitcoin's analyze. And share this analysis with your friends, traders or other if you found out any of interesting of this analyze.
UK continue No=Deal Brexit fears!!! Warning to a drop!!!In this analysis, we see how the Sterling Pound has been deprecciate against of the currency's Forex.
First, in Daily we see a clear bearish continuation and we could to see a opportunity of pick down 260 pips in Sterling Pound
In H4 timeframe we see a formation of the Elliot Wave Cycle, and we are in formation of the #3 to end it.
And guys, in H1 timeframe we see a short entry using the twos Fibonacci level called 0.382% and 0.618% of Fibonacci to entry in short in both level where the price reach it.
Well, the most that I hope is an entry in short!!!
Fundamental Keys to take in noticed it this week:
1.Fortnight low for Pound to US Dollar exchange rate as No-deal Brexit fears cloud outlook
2. Pound slumps on UK Government's Brexit threat
3. After weeks of strong performance on hopes that Britain's coronavirus situation was better than the U.S. situation, Brexit concern have finally returned to focus for Sterling
4. U.K. Market fears taht 2020 would end with a No-deal Brexit had been bubbling away in the background in recent months. However, the fears but had been overshadowed by the global market focus on the coronavirus pandemic
5. The U.K. Government was planning to throw a spanner into negotiations by altering withdrawal agreement legislation had led to a pound sell off
6. Economist's and business have been warning the U.K. government that heading for a no-deal Brexit would be dire for Britain's economy
So, in summary it's not good news about the fears of the market what U.K. market is still borring about what British minister Boris Johnson wanting to created a plan and it's due the Brexit.
Possible entry in Long: Gold into the descendent triangleHello, in this analysis, we hope that Gold is up a little before to continue sell Gold in Daily.
We are in this descendent triangle and maybe, we could to entry a short at the $9,645 USD for this week.
Now, in H4 timeframe we see another opportunity and possible of long entry once that in H4 timeframe taking in my hand a green candlestick confirmed!!!
So, obviously we see that U.S. Dollar is strenghten in all pars, but not secure on Bitcoin or crytpocurency because Bitcoin show another formation, but correlated, I will going to making alert if we need to stop our long position in crypto market for then, sell it, but the probability is taking in our eyes.
Euro is leaving at the demand zone: Tripple Bottom!!!Hello, in this analysis, Euro continue still on the bullish channel, but now we are in H1 timeframe with a possible bullish movement when the EUR touch the trend support line at $1.18 USD. Then, the only that we need to stay alet is to hope a bullish candlestick confirmation to entry in long position until the $1.1932 USD.
But, as today the U.S. Dollar is grow up their value, we hope that Euro for the next hours hoping long position, because we see a possible formation of tripple bottom, that is a buy confirmation with just hoping the confirmatiion of the next hours to formed the bullish candlestick.
Also, as today we seeing a US Dollar that have a gains today about the U.S. jobs data on Friday past week that that we could see a recuperation for medium term.