TradeFxTrends

TradeFxTrends

Hi guys, EURUSD made a nice breakout lower 2 weeks ago and we thought that it would move lower and continue its downtrend. However, since last week it got bought very aggressively to the upside as you can see. I tend to belive that it was a so-called "fake breakout" as the move higher is very strong and can continue higher. The fakeout pattern is a common one...

TradeFxTrends

Hi everyone, so SPX has been performing like I forecasted. Have a look at the last analysis: Now the index is nearing its all-time high. And in my opinion, it is just a matter of time when it takes out the all-time high. However, having a look at the index now, it can be the case that the SPX can do a correction lower in the next week or 2 before extending...

TradeFxTrends

Hi guys, Today I have brought you the SPX. Now, the SPX is nicely moving higher in its trend channel with higher highs and higher lows. But the move looks very stretched in my opinion and I think a pullback lower can be following soon. So we need to be a little bit careful at this time. The black lines are showing my primary view. I am looking for another small...

TradeFxTrends

Hi guys, Today I have brought you TRXUSD in the 4 hour chart. TRX also made a move higher the recent days. With the move higher it was able to clear some important trendlines to the upside, those breaks can be important for a possible rally to the upside. Indeed I think at this moment that Tron has a big potential to reverse higher in the coming days weeks or...

TradeFxTrends

Hi guys, Today I have brought you EOSUSD in the 4-hour chart. Since the last move higher EOS is still in a sideways structure. The crypto is nearing to break out to the upside. However, a breakout higher still needs to be seen. Ideally, it should now pullback to the 23.6-38.2 retracement area before the last move higher can be seen. I have drawn you 2 possible...

TradeFxTrends

Hi everyone, Bitcoin is in a sideways consolidation structure. However, with the recent move higher, it seems to be creating a bullish breakout pattern. Where it has higher lows but no higher highs, which is often an indication for a breakout pattern. If the bullish pattern takes place I am looking for a short-term target of around 7205 before the decline can...

TradeFxTrends

Hi Guys, In this analysis, I will share my opinion on ETHUSD. This may not be so technical rather I want to explain what I think can happen. Now, ETHUSD is moving lower very significantly, and many traders think that the "hype" is gone. However, I think there is a pretty good chance, structure wise to revisit the low of 357.87 with a big spike lower, followed by...

TradeFxTrends Updated 

Hi traders, I hope you enjoyed your weekend and I wish all good trades for this upcoming week. For this week, I am looking at a potential short-term trade to the downside in Oil. Oil broke the rising trendline last week to the downside and retested it nicely and fell back lower. With lower lows and lower highs in progress. It should continue its weakness....

TradeFxTrends

Hello Traders, In this analysis, we will have a look at the EURUSD in the 4-hour chart. The euro has been recovering from its nasty spill since early February, it has lost almost 800 pips. At this stage, I think there is still a little more downside to come after a moderate correction. Keep in mind that we have this week a lot of fundamental data outcome....

TradeFxTrends Updated 

ETHUSD has been moving nicely higher since my last update on it --> So if anybody got it, you should be doing well. Currently, ETHUSD has broken the important falling trendline to the upside which could indicate more strength overall. However, I am now looking at 2 potential possibilities EHTUSD can do. First one will be the more corrective nature. Markets...

TradeFxTrends Updated 

Hello Traders, I have been locating a nice reversal pattern in Ripple. Ripple broke the important falling trendline to the upside. But the more important thing is that it has been forming an inverse head and shoulders. Once it breaks the neckline I am expecting more upside to around 0.68 areas. This view will be valid once it breaks the neckline. Invalidation...

TradeFxTrends Updated 

Hello Traders, In this educational, I want to point out why many traders lose in trading. It does not really matter what instrument you are trading, whether it is cryptos, forex, indices, commodities etc. I did a lot of research and wanted to provide you some bullet points why YOU still not made it so far in trading or at least not satisfied of what you have...

TradeFxTrends

Bitcoin was correcting a little higher since last week like forecasted here: However, the rally looks to me not convincing enough for a next move higher. I think that this rally will get sold again sooner or later. Also, the trendline from the peak is still holding. Even when Bitcoin breaks that trendline higher, next support level will be at 7920, where it...

TradeFxTrends Updated 

Hello Traders, I am looking to buy Gold at a breakout of the falling trendline for a potential trend reversion. Once it breaks 1307.93 high, I am looking to execute a long position. The stop will be below the low of $1280 and the target at around 1368$ or even higher. Due to the fundamental and global risks (U.S.-China, Italy etc), we are currently facing I am...

TradeFxTrends Updated 

Good evening Traders, Like I have been warning you guys of a potential head and shoulders pattern in ETHUSD. It got confirmed with the break below the neckline. --> So I am expecting now more downside to follow the areas mentioned above. From there it should give us a bounce higher. That area will be the completion of the head and shoulders pattern. So a...

TradeFxTrends Updated 

Good evening Traders, I was waiting for a long time for a bottom in the AUDUSD. Now finally the AUDUSD made a very nice inverse head and shoulders pattern and even confirmed it. It broke the neckline to the upside. I want to buy it later on in a pullback in a lower timeframe, maybe this week. Lets see. Hopefully, we get a good entry in a lower timeframe. I...

TradeFxTrends

Hello Traders, Due to high demand, I want to have a relook at Bitcoin. Well, I need to say that the forecasted bounce here: was not coming. So that is how it is sometimes. Cant be 100% right. Anyway, lets have a look now. I still see more downside in bitcoin to follow. Ideally, it should retest the important resistance level of the last lows 6590 levels....

TradeFxTrends

As you know most of the cryptos are have been correcting lower the latest days. Same with Dash. I am expecting more downside to the areas mentioned above. That area will be a decision area. But I am expecting a bigger bounce in favor of DASH. Most of the cryptos have a similar structure lower. Have a look at my recent analysis. or They all look similar and...