The aim of this analysis is to determine a clear and defined entry point or buying price for the shares of SSW as the share price declined due to the impact the recent pandemic outbreak has on the global economy and which affects all the sectors and industries in the ecosystem. The upside is that it resulted in most shares losing more of their value which creates...
This pair is moving between support and resistances trend-lines. I personally went in for a quick short positions. This might take time to realise as the moment of the pair is very slow.
The pair was just pushed back by the support that has been present since 2018 October thus this show strong strength on the upward support level. Bullish positions can be taken with your aligned risk management.
Another active pair with strong movements with potential to grab good pips. Be in a look out for break outs that is where you can find great pips to secure.
Currently with a pair we are looking into a bullish movement for the next few weeks. From previous movements its clear that the pair has been moving within resistance and support zones. Therefore it is highly likely that the pair will respect the resistance and support trend-lines.
The analysis is mainly based on trendlines. the next move will depend which trendline is broken.
The pair has been respecting the ascending trendline support from Mid October and this trendline was a resistance prior, during September. Now looking for a breakthrough on a recent descending trendline resistance. This projection would fail if the price bounce back at the current downslope resistance and breakthrough the current support. K I N G $$$ L L...
XAUUSD has been trading at levels of 1292.29 (yellow trendline) for a while, break out of this level could mean a mid term bullish towards a target of 1355.00 to form a double top and this price movement will results in a W-Formation.
Very critical level at 114.00 forming a triple top on the monthly time frame. Short term sell from 111.501 with a target of 107.947 using a daily time frame.
EUR/USD Shows critical level around 1.18500 as this price level has been previously tested as both support and resistance levels