After the Daily Support have been broken, price formed a new Weekly low and then the Bulls came in. GBPUSD is likely to hit the Weekly Highs or resistance during the long run, IMO.
The Great Britain Poundsterling and the US Dollar are Major and strong currencies. The GBPUSD have interesting look in the Monthly Time, with the Highest high formed at November 2007 and the lowest low formed on March 2020. The Highs and low maybe formed due to Economic events, large institutional Orders and many other factors. This is just my view of the monthly...
Since 2005 Apple Inc stock value have been rising. As individuals, firms and government agencies keep buying Apple's products and Apple stocks will keep increasing, as Apple Inc continues to optimize and add more products their stock value will keep increasing. To buy Apple stock, it is okay to buy at 128, because that is the closest equilibrium price. There is an...
USDCAD is currenlt at the Major support and the probability of USDCAD not breaking the support is 1/2, this is because USD is Bullish, CAD have been bullish for a while now too. Let us see what the Economic events outcome will do, although it is cool to take a risk at the support and watch out for some nice pip.
For few Weeks now USD have been Bullish, the strong US Dollar led to the fall of many major and minor currencies, including the EURUSD. EUR is a strong currency, but for few weeks now it has been weak, this made EURUSD fall that it broke the weekly support. Hoping EURUSD gains her strength, let us see where the Bulls comes in. The Weekly Highs highlighted or the...
AUD is currently strong, while JPY is currently weak, but at any point in time strength of these Currency can change. AUDJPY is heading to a Supply zone, the green line is the equilibrium while the long rectangle is the supply zone
LTCUSDT at 180 is a supply zone where the Bears are holding tight and do not want to give chance to the Bulls, there is a high probability that the Bears will win and so the price of LTCUSDT for few hours or days may remain bearish, until the Bulls come with full force one more time.
The Order Block that was highighted; if it is able to push price back up to the major resistance, if price didn't reverse, then it will go up to the all time price before it sells once again. For the time being let us place a Long order on the hour order block.
EURNZD Will sell at the High. The Institutional Order block at the Daily Time frame, matched with the hour and the 1 Hour time frame and so it formed a confluence. The probability of EURNZD selling at that point is 90%.