TradeFxTrends

TradeFxTrends

Hello Traders, In this analysis, I am looking at IOTAUSD. This crypto is also correcting the move lower. It has already lost more than -40% of its value. Like always, cryptos are very volatile as you can see and having the right risk management is key to survive in this market. Anyway, with the new low and trendline break, I am expecting more downside to follow...

TradeFxTrends

Hello Traders, I hope everybody is enjoying the weekend so far. In this analysis, we are looking at EOSUSD on the 4 hour chart. Since the peak in 2018-04-29, the cryptocurrency pulled back significantly to the downside. It corrected almost -50% of its value in just under 18 days. Which is remarkable. But now, EOSUSD is showing the first indication of a bigger...

TradeFxTrends

Since my last analysis of bitcoin, it was moving like forecasted to the downside. However, I still strongly believe that Bitcoin will sooner or later make a big push higher. But l still see more downside in short-term to happen like I have drawn in the chart. Like I have been saying. I have been watching closely the GBTC which is the Bitcoin Investment Trust. It...

TradeFxTrends

Good morning Traders, I am expecting XRPUSD soon to break above 0.75988 high opening up more extension higher. Ripple is at a very interesting area. We are currently trading in the areas of the 50%-61.8% Fibonacci Retracement areas. As long as XRPUSD stays above 0.63054 it should extend higher. The alternative view will be for Ripple that it breaks 0.63054 and...

TradeFxTrends Updated 

Good evening Traders, Since my last update on NIFTY it managed to break the resistance level which I mentioned here. But now after breaking the important level, I am expecting more upside. But first NIFTY needs a correction lower. My view is that if NIFTY can break the rising trendline lower, it can retest the resistance area now acting as new support at...

TradeFxTrends

Good evening Traders, As most of crypto traders turn overall bearish, I think that bias could be wrong and bitcoin just takes off in the near future, after a correction lower. Since bitcoin reached my inverse head and shoulders at 9865.5, it retraced more than -18.45%. At this stage, I am expecting more downside in short-term to follow as long as it stays below...

TradeFxTrends Updated 

Good evening Traders, After I got stopped out at my previous trade in LTCUSD. Here is an update on the chart. Obviously, losing is a part of trading. However, my view still remains the same. I am expecting more upside as long as it stays above 130.761. The arrows drawn in the chart represents my view. It can go to the 50% Fibonacci retracement from the peak....

TradeFxTrends Updated 

Hello Traders, ETHUSD is in a sideways range between 837.08-636.79. I am looking for a potential head and shoulders pattern. But the right shoulder is currently in progress. I am looking at 2 possible scenarios drawn in the chart. The first is the black one, in case the head and shoulders pattern get confirmed I would be looking for more downside. The second...

TradeFxTrends Updated 

Good evening traders, After we had so much of fundamental outcome for oil, I thought of making a short analysis on it. Now, you can see that oil is in an intact uptrend. An easy definition of an uptrend is when the market makes higher highs and higher lows like oil is doing. I marked the higher highs and highs lows with green boxes. After oil breaking its...

TradeFxTrends Updated 

Hello Traders, I wish you all a happy Friday. Now, like I told you here: I was already expecting a bigger pullback to occur. The only question was "WHEN" and here we go. Bitcoin has been dropping like a stone. But keep in mind I am still bullish in the higher degree trend as long as it remains above 6435 low. At this stage, I am expecting Bitcoin to continue...

TradeFxTrends Updated 

Good morning Traders, Welcome to this new week of trading --> Well, after bitcoin reached our target of $10000 the question arises what is next with the cryptocurrency. After bitcoin reached somehow the $10000 levels, we saw a significant pullback to the downside, losing around -8%. I have now 2 possibilities what can happen with bitcoin. No doubt that I am...

TradeFxTrends Updated 

Hello Traders, Here is a short trading idea. After LTC/USD broke 167.023 highs, it has confirmed my inverse head and shoulders pattern, which you can see in the chart. The target for this pattern is the length of the head projected to the upside. Therefore, LTC/USD is bullish in my opinion. I like to buy it at around 155.797 for another move higher based on the...

TradeFxTrends

Hello Traders, I hope everybody is doing great. After I covered the EURUSD in the daily chart, let’s have a look at the equivalent instrument which is the DXY. From the 2018-02-16 low to the peak of 2018-04-05 you can see clearly that the DXY has moved in a sideways to higher trend (No higher highs or lower lows). So it was just a matter of time when the...

TradeFxTrends

Good evening Traders, Now, after all the FOMC jazz, let’s have a look at the sterling-dollar. GBPUSD is in an intact uptrend from the 2017 lows making higher highs and higher lows. Which is an indication of a bullish trend. However, don’t get fooled. In the weekly chart, the GBPUSD is bearish and every up move you can see in the daily is just a correction. ...

TradeFxTrends Updated 

Good Evening Traders, I hope everybody is doing good. In this analysis, we will have a look at the SPX. We can see that the SPX is currently in a range of 2555.86 and 2684.14. However, I am expecting a break lower this week. I am expecting a hawkish FED on Wednesday in it' FOMC Statement which can be a catalyst for a move lower. With that said, I think a break...

TradeFxTrends Updated 

Hello Traders, LTCUSD is currently in a consolidation between 166.60 and 142. At this moment in time, I am expecting a move lower to the areas of around 131.70. You can see the chart LTCUSD is forming a possible head and shoulders pattern. As you know, a head and shoulders pattern is trend reversal pattern. In this case, it can reverse the uptrend from...

TradeFxTrends Updated 

Good evening Traders, Like I promised, here is my short EURUSD -0.04% daily analysis. You can see that EURUSD -0.04% is in an intact uptrend. A simple definition of an uptrend is when the market is doing higher highs and higher lows. Now, I identified for you 2 very important things. Let's start with the first observation. 1.) First of all the EURUSD -0.04%...

TradeFxTrends

Hello Traders, Like I mentioned the last few days that bitcoin should move higher from the 50% Fibonacci Retracement. You can see in the latest analysis that bitcoin is rallying nicely to the upside. My target remains the same which is at around $0140.4. This is the final target of the inverse head and shoulders pattern from the daily chart. Have a look here:...