Update
EURJPY retraced above 21-EMAEUR/JPY holds gains above 5-DMA, euro ignores disappointing German factory data
EUR/JPY downside on account of bearish RSI divergence has retraced above 21-EMA. Major trend in the pair is bullish.
Retrace above 21-EMA has raised scope for upside resumption. Next major bull target is 140 (yearly high).
AUDUSD Daily OutlookThe pair is consolidating bounce off 50-DMA support, holds break above 5-DMA
Technical analysis shows major trend is bullish, while minor trend is turning bullish on the daily charts.
Major Resistance Levels:
R1: 0.7464 (20-DMA)
R2: 0.7
Major Support Levels:
S1: 0.7427 (21-EMA)
S2: 0.7400 (5-DMA)
GBPJPY hits 2-1/2 week high as pound sterling recoversGBPJPY hits 2-1/2 weeks high on surging pound sterling. It gained sharply against USD on upbeat UK CPI data.
Technicals:
On the lower side, immediate support is around 162.80,
watched is around 164, a break above that level confirms intraday bullishness, and a jump to 166 is possible.
AUDUSD rangebound at 21-EMA supportAUD/USD rangebound at 21-EMA support, US Retail Sales awaited for impetus
A 'Golden Cross' on the daily charts keeps downside cushioned
- RSI flat, but holds above the 50 mark, Stochs are on verge of bullish rollover from oversold levels
- Price action is above cloud and Chikou span is biased higher
Same song and dance, nothing changedHate to keep doing this on every non-eventful day, but just an update from my last post:
Nothing changed, still bullish with 50240 target, stop loss 41000. I laid out the 2 most likely scenarios last week and scenario 1 playing out exactly as expected - finding support at the range breakout level (also has EMA 34,55 support here); stochastic overdone.
Expect bounce from here to test the longer term trendline resistance (old support) around 46k-48k, a break above that will send it to target.
Obviously if this current level does not hold and it falls below 41k it’s a “close long”.. obviously not financial advice. Have fun, quit getting so excited we in a nap zone. Love ya.
Doge short update call sorry about the confusion but we have to get in every opportunity if they show themselves OfCourse. here we see divergence on daily and daily is respecting 50% so only logical thought that came to mind was that daily still is retesting, and it looks like that on the 4 Hr & 1 Hr so FIb helps us guide this trade by having our target area set on 50% lvl of the fib as you can see then we will see a buy opportunity hopefully thinking ofcourse i dont like to get ahead of myself but the market only moves two ways so not much options hahah. good luck and always remember stay hard1
BTC Update In One Day Time Frame$BTC (Update)
BTC Is Trading Between Ascending Traingle From Few Days,
As Shown In The Chart Above (1Day Time Frame) 📊....
Currently,
It's Trying Hard To Stay Above Mid - Section ($40800)....
If It Holded The Level ,
Then We Can See $42K - $45K Coming📈....
If Failed To Hold,
Then Might Re-Test $38K - $39K 📉....
Short Term Profit Trade Idea - Check Stop Loss and Take Profit!Sentiment: Bearish (short term)
Entry Price: Orange Line Horizontal
Target Price: $42,000
Take Profit Price: $42,500
Stop Loss: $45,100 (just above resistance)
*using Pionex reverse leverage grid robot, which lets me lock up my BTC and loan 5x USDT for my trade. I control the amount of grids and profit/loss per grid….highly recommend. Switching over to Margin grid as soon as BTC bounces off the support of $42K. From $42K, we are looking at target price of $50K-$56K with new support at $45K.
Buy Dips and Eat Chips.
BITCOIN - UpdateDuring this timeframe, the conditions of the pattern and the price movement are such that they indicate the possibility of a rise in the coming days, and we can enter if it returns to around $ 37,000. Other cryptocurrencies can also start their uptrend with the positive movement of Bitcoin.
BTC UpdateBTC, crypto and global markets give a good bounce in the last 24 hours after Biden's conference last night, as well as no more negative news from the Russia/Ukraine crisis. Must watch the crisis very closes as any news will affect BTC price. FED interest rate is another factor that can create speculation in the market. On chart we can see BTC broke the downtrend resistance and is now at a new resistance line at $39k and has a bullish MACD. ETH.D is up, BTC.D is down and MCAP is up, this is good sign as it shows more money is flowing into alts.
Trade the range, trade safely.