As expected, Bitcoin is very strong and came into 9000 and 9500 area very quickly. btcusd stable 8390 level then next target 9000 Area. Other side of btcusd need some correction, correction area 7400 level this level is good for buy position. because BTCUSD move long time buy across 10k mark. BTC/USD has barely changed on a day-on-day basis and lost 1% since...
Fundamental View : =================== 1. The precious metal lacked any firm directional bias on Tuesday, albeit continued showing some resilience below 200-hour SMA amid the prevailing risk-off environment. 2. Oscillators on hourly charts have been gaining positive traction and also recovered from the negative territory on the daily chart, supporting...
USD/CHF is trading below the 50 and 100 SMAs suggesting a correction down in the medium term.USD/CHF is testing the 38.2 Fibonacci retracement from March low-April high. There is scope for further weakness to 1.0060 the 50% Fib retracement. Sellers have been relentless on Friday as the market is trying to break below 1.0100 level. A breach below it, would open...
1. Bitcoin has the potential to correct to $6,500 as long as the technicals remain intact. 2. Bulls are eyeing the next major barrier to tackle, seen up at around $6500-800, ahead of $7000. 3. BTC/USD breached the $6,000 level for the first time since 14th November 2018. 4. The price went up from $5,940 to $6,050. 5. On the upside, further resistance levels lie...
Technical View : ============== Key Support & Resistance Zones R: 0.6920 – 0.6970 S: 0.6680 – 0.6730 NZDUSD Breakout and stable 0.6670 level then touch 0.6720 level and more because Wednesday coming big news in NZD like : Official Cash Rate/ RBNZ Monetary Policy Statement/ RBNZ Rate Statement / RBNZ Press Conference etc. Very important news for NZD. NZD...
Fundamental View: ================== RBA rates cut on May 7 for many reasons. So there is a good chance of trading. In May of 1016 RBA was cut, Then almost weak to 150/20 pips against almost all major pairs. 1.Inflation: RBA's annual inflation tag is below 2-3%, RBA does not hold the normal rate. The reason for this is to keep the * auds stable. * Keep the...
GOLD Breakout 1270 level now touch 4 month low support zone. gold breakout daily 200 ma 1274 level and GOLD touch another support zone weekly 200 ma and 100 ma 1265 level break this then touch 1260 level . *** So GOLD buy position is 1258/1250 Area this the best opportunity for buy GOLD target 1274 / 1284 level . News: ====== 1. Wednesday’s not so dovish...
News:- ======= #One thing is that most of the members say that after the second quarter, the economic growth will revolt. In the second half of the second half of the second half of 2014, growth will increase in the second half of June-July. As soon as we enter the EuroBo mode, it will not be possible to enter the beginning of June or enter the last week of...
AUD/USD is currently trading at session highs above 0.7055, having neutralized the immediate bearish view with a 0.30 percent gain on Friday. The bullish doji reversal confirmed on Friday has opened up upside towards at 0.7100. On the Other hand, If Chinese Manufacturing and Non-Manufacturing PMI drop major support 0.7000/0.6990 could test again. Audusd Sell...
In the H4 chart, USDCAD is expected to test the 3/8 level, rebound from it, and then falling towards the support at the 0/8 one.The lines in the H4 and H1 charts are completely the same and confirm the scenario described above. 50-day and 100-day simple moving average (SMA) near 1.3350/40 could restrict the pair’s near-term declines, a break of which can recall...
1. Bitcoin price in the second half of trading on Wednesday is trading in the green, holding gains of 0.22%, as the bulls resume buying pressure. 2. BTC/USD is making strong progress towards a return of the $6000 territory. BTC/USD bulls are moving gradually through the sticky supply area of $5500-600 range. They need just one final push and the price could very...
On the intraday charts, the initial support for XRP/USD comes at $0.3350. It is created by SMA100 (30-min) and SMA50 (1-hour). Once it is cleared, the downside may be extended towards 61.8% Fibo retracement at $0.3220. This area is likely to slow down the sell-off. However, a sustainable move lower will expose psychological $0.3200 and the Sunday’s low $0.3175....
The market is likely going to continue to decline towards 62.00 level. The next supports in line are seen at 61.80 and 60.50. OIL 61.80 level H4 200 ma Moving Average, So Oil Take a Buy position 61.00 and 60.50 Area. OIL Daily 200 ma Moving Average 62.60 level breakout and stable this level short Sell 62.50/62.00 level take profit 61.90 and 61.50 Area. Another...
Ethereum ETH/USD Strong resistance in 190 level this the best opportunity for Short Sell 190 Area take profit 160 and 130 area. On the upside breakout and stable 190 level then buy this position, target 225 and 250 level. Another side of ETH/USD touch 130/25 level buy this position target 180 and 220 level . A sustainable move higher will take the price towards...
GOLD edged higher on the last trading day of the week and jumped back above $1290 and 1294 level, just above over one-week tops set in the previous session. Gold H4 200 ma moving average is 1290.95 area breakout and stable this level touch 1296 level. and H4 100 ma moving average area 1285.40 level so stable 100 ma gold touch 1290 area. Gold Day 100 ma moving...
June E-mini NASDAQ-100 Index futures finished higher on Friday after reversing earlier weakness. On Friday, June E-mini NASDAQ-100 Index futures settled at 7840.25, up 41.75 or +0.53%. The main trend is up according to the daily swing chart. A trade through 7879.50 will signal a resumption of the uptrend. The main trend will change to down on a move through...
Successful recovery form 143.80/70 favors bulls, 200-day SMA and nearby trend-line can flash on buyers’ radar. marked since late-February and 100-day simple moving average (SMA), which in turn signal brighter chances of its run-up to challenge 200-day SMA. If buyers manage to surpass 200-day SMA level of 144.60, short-term descending trend-line at 144.80,...
DXY found resistance at the 98.34 level after the release of the US GDP (Gross Domestic Product) Q1. *Chicago PMI *CB Confidence * ADP Non-farm Employment Change and THe ISM Manufacturing PMI four Report looks better then ever . Until date 1, these three market mover data. last week's GDP growth and was solid. These reports are better then the ones that are...