AUD/JPY Signal - JPY Retail Trade - 29 Sep 2021AUDJPY is trending to the upside prior to the JPY Retail Trade data, which captures the aggregate sales made through a business location (usually a store) in which the principal activity is the sale of merchandise and related services to the general public, for household or personal consumption. Technically the pair is holding the support trendline and technical indicators are bullish.
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AAVEUSD Price AnalysisThe daily chart shows the AAVE token has dropped out of a rising trend channel. The lower edge of the pattern, which previously acted as support, is now the first resistance level at $322. Furthermore, the 100-day moving average at $321.75 reinforces the trend line. This was evident last week when Aave tried to recover the uptrend but was swiftly rejected.
As long as the Aave price is below $322, it is vulnerable to further weakness. In that event, a logical target is the 20th of July low at $212, which sits just above May’s ‘flash crash’ low of $206. However, if the price scales $322, the bearish view becomes invalid and the uptrend returns as the dominant theme.
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SUSHI price ForecastThe daily chart highlights two clear trend lines. The longer-term downtrend is currently visible at $13.50 and is the first line of resistance. Successful clearance of this trend would constitute a bullish breakout and potentially target the may high of $22.52, around 75% above the last price.
The second trend line sits below the market at $9.93.As long as the SushiSwap price remains above this confluent band of support, the prospects are positive.
On that basis, I maintain a bullish outlook for SUSHI unless the price drops below $9.92. In this event, a return to the July lows around $6.50 becomes a possibility.
LUNA Price Analysis: Here Are Next Buy/Sell LevelsOver the past 2 weeks, the 25MA has held support for LUNA. This can be referenced over the coming days as a break below this MA along with the bottom trend of the channel, will likely trigger a short-term downtrend. For LUNA price to continue pushing, it must break & HOLD its major resistance zone found at $14.50-$15.00. This will set LUNA up to hit its next targets. Although, it seems likely LUNA price needs some cooling off before this occurs.
While looking at the RSI, we can see a trend line has been respected for over 2 weeks. At the time of writing, the strength is hanging out very close to it. Breaking below this trend will cause the trend to shift and LUNA price will begin a short-term retrace.
The MACD has been floating decently high the last few days and it seems to be curling over, readying for a bearish cross.
LUNA Intraday Analysis
Spot rate: $14.70
Trend: Bullish
Volatility: High
Support: $14.50
Resistance: $15.13
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Ripple Price Prediction: Is XRP a Buy or Sell this month?The Ripple price has been under pressure in the past few days. The XRP price is trading at $0.7150, which is about 8% below the highest level this month. The coin has a market capitalization of more than $33 billion and is the sixth-largest coin in the world.
Ripple had a relatively good month in July. It initially declined by more than 21% in the first three weeks of the month. The price reached a low of $0.5157 on July 21st. It then bounced back by more than 50% and reached a high of $0.7763.
Ripple and other cryptocurrency prices have had a difficult past few months. The price has declined by more than 65% from the highest point this year. This happened as investors worried about higher interest rates in the United States. There was also profit-taking in the market after the coin rose by more than 930% from the lowest level this year.
The four-hour chart shows that the XRP price formed a double-bottom at $0.5190 in July. The price has formed an inverted head and shoulders pattern. It has also formed a bullish flag pattern. It has also moved below the lower side of this flag pattern.
The coin is between the 50-day and 25-day moving averages. Therefore, there is a possibility that the coin will bounce back this month. If this happens, the next key resistance level at $1, which is about 40% above the current level. The alternative scenario is where the price retests last month’s low of $0.5190.
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Bitcoin Price Prediction: Uptrend ResumptionAfter hitting as high as 42,600 on 1 August, Bitcoin prices could not proceed further, putting a pin in the balloon of traders holding bullish Bitcoin price prediction bets. The corrective move is said to have liquidated nearly 358K positions at a price of just over $37,500.
Tuesday’s move marks the 4th day of Bitcoin prices ending up in the red, but the price candle has found support at the 37455 price level.
Bulls need to build momentum on the intraday bounce to push the price above the price wall at 40,750/42,500. If this breakout attempt succeeds, 43569 and 46203 become the immediate upside targets.
If price breaks below 37455, 35297 and 32,500 become the immediate targets to the south. 30208 is also the barrier that stops the BTC/USD pair from dipping towards 27658.
It is also possible for price to become range-bound between the price wall that has 40750 serving as the ceiling and 37455 as the floor. The range can also be extended to include a new floor at 30280 if 35297 and 32500 give way.
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GBPJPY H4 - Short SetupGBPJPY H4
Very similar chart to the EURJPY and USDWTI chart we have, clear and concise trading zones, with clear bearish direction. Evident lower highs and lower lows.
Trading zones seem to be responding well which is the first step. Measurable risk to reward too which is perfect. Already in EJ shorts, so this isn't something I'll explore, but good to see for pair comparative purposes.
GBPNZD H4 - Long BiasGBPNZD H4
This throws a bit of a spanner in the works with regards to GBPUSD short.
We saw consolidation on resistance before then breaking upside during the eastern, leads us to think GBPUSD might follow suit. Again a little more confirmation, upside or downside break and retest to offer us what we are after.
AIRASIA 5099 Bursa Malaysia 10/3/21Breakout on Trend
Close:1.02
EP: 0.99- 1.04
Sl: 0.89
TP: 1.29/Open
Disclaimer: This study does not constitutes Buy/Sell per say. Please consult your financial advisor before making any trading/investing decision.
GBPJPY H1 - Long Trade SetupGBPJPY H1
We were talking about GBP*** bull or bear bias this week in the members chat after the monster month end flow corrections we saw Thursday last week. Natural corrective measures as compared to trading support/resistance zones meant we couldn't really confirm or form a bias.
However, we are now starting to exceed corrective measures and break and trade above previous trading zones. So starting to steer towards bull bias and bullish continuations.
EURJPY H4 - Long Trade SetupEURJPY H4
Retesting now on EJ, it'll be interesting to see if we bounce like we did on CADJPY, pair comparison remember, trying to pick the best out of the bunch, really nice clean zones here and currently on a selloff wave.
So potential for an impulse buy if we pull down to 300 ish again.
GBPCHF H4 - Long SetupGBPCHF H4
Super clear bullish trend seen on GCHF, looking for a pullback to the intersection price highlighted. This would also tie in quite nicely with GBPJPY analysis, very similar moving pairs which we have been waiting for, for the last couple of days, even dating back to late last week infact.
BTCUSD - Bullish Rectangles in the game!Since Feb 1, BTC started forming another path for a bullish rectangle. Great demand for this boy, keeping a close eye on it! Safe trades friends!
Sumo Logic - Trend LineSumo Logic is a cloud-based machine data analytics company focusing on security, operations and BI usecases. It provides log management and analytics services that leverage machine-generated big data to deliver real-time IT insights. Recently adding Amazon to their customer's list, Sumo Logic takes a long-term buy position in our portfolio. In our opinion, Sumo has two ways to go at this point: Touch the resistance line and drop to the support, or go all the way back to support and then jump back. Either way if you haven't invested in Sumo Logic yet, wait for it to get closer to its support line and make a purchase then! Good Luck and Stay Safe!
DXY H4 - Short SetupDXY H4 - Downside market gap for DXY, as per our weekly watchlist... we are looking to set fresh lows very early on. GU popping higher and gold also seemingly on a mission. Lots to keep an eye out for this week and next week, confirming our consensus basically. USD weakness, GBP strength, on the fence with EUR at the moment.
GBPJPY H4 - Long Trade SetupGBPJPY H4 - Expecting very much the same with GJ as we are with cable, maybe a bit of a pullback but eventually an upside break and retest to offer long opportunities and continuations, all you have to do is scale out onto the D1 to see how bullish bias we are, 1.35 would be the highest price seen since July 2018.