Zone
EURNZD - Trade 30-10-2020 LTFTrade based on HTF Bearish
EURNZD created support yesterday and pulled back and created a resistance 1.7665. Again tested today and rejected.
Waited for Resistance confirmation on 1H close bearish and monitored 30min for entry targeting the resistance created yesterday at 1.7624 turned support today.
Good Luck all!
FX:EURNZD
USDJPY Buy SetupOn DAILY: USDJPY is sitting around a support zone in green so we will be looking for buy setups on lower timeframes.
on M30: USDJPY is currently forming a symmetrical triangle in red. (but it is not valid yet)
so we are waiting for a third swing to from around our upper red trendline to consider it valid and buy after a momentum candle close above it.
Good Luck!
GOLD IS TRADING NEAR AN IMPORTANT LEVELGood Morning Traders!
Upon analyzing Gold, I found a few different possible scenarios for future price movements. This sentiment aims toward Gold being bullish. Gold failed to continue bearish movements under the 4HR Zone. (1885.00- 1890.00. Which prompted loss of Bearish volatility, & a bullish reversal. If Gold closes above the lower 4 HR Trend Support level, I predict a test of price point 1900.00.(Psych Level) If price manages to break & close over that level as well, a rise towards the 4 HR Trend Median would be expected. (Marked on Chart)
Comment your ideas on XAUUSD below!
All Likes & Comments are Appreciated
7.10.2020 - Monero (XMR / USD)Hi Traders!
Today we will look at the well-known cryptocurrency - Monero. If you compare Monero chart with the charts of other cryptocurrencies, you can observe one absolutely fundamental difference. What is that?
Monero is currently at its peak since the March declines. If you look at other cryptocurrencies, for example, DeFi projects have generally fallen by more than 60%. Other altcoins have also fallen by about 50% since the last high. Examples are DOT, LINK, ADA, or XTZ.
Monero is even above the strong psychological threshold of USD 100. Looking at RSI, it is clear that we are following the trendline, but we also see divergences. The chart also holds the trendline, but it has a fairly sharp angle. We have strong resistance at USD 121.43. We doubt that we would be able to breakthrough in this trend. The first thing we will watch is the fall of the trendline on the RSI and then on the chart - then there will be a decline.
May the crypto be with you!