


Traderscope
PremiumAfter having failed to break the top line of the weekly triangle, AUDNZD should go down until 1.0500.
Be careful of the rising wedge currently forming on BTCUSD. A huge fall could happen very soon to reach 13000 then 10000.
ETHUSD seems to consolidate in a horinzontal channel between 600 and 745 but with crypto... We always have surprises. We think that the pair could become bearish below 600 in order to reach 400 but in case it goes above 745.00 the next target would be 1000.
EURJPY should break its horizontal range very soon. Long or short ? It is really difficult to say but whatever the direction it takes it will be BIG and violent ! Stay tuned !
After a break the pair seems having found a clear support at 260. Now the next targets are 420 then 550.
USDCAD is in a range since november 1st between 1.2620 and 1.2910. The pair should break 1.2910 very soon according to the long term uptrend.
GBPCAD is in a long-term ascending channel and seems having made a rebound on the down line but we also identified a potential medium-term bearish channel which shows a kind of symmetrical triangle. Probability says that the pair has 66% chances to go long for new high. What do you think about it ?
EURUSD seems to be ready to say hello to 1.15 inside a daily channel.
Currently we analyze Bitcoin, Ethereum and Litecoin in H1/H4 with almost 20% growth per day so... I guess it is better invest in long term... no ? 1 year or 5 years then JACKPOT !
We identified in a previous review the breakout of a short term rising wedge. Now the pair is reaching the support of the long term rising wedge at 1.5300. Difficult to know how EURAUD will react so it remains under surveillance.
GBPUSD is in a long term uptrend. The last full green candlestick seems tell us that the pair wants continuing its slow run until 1.3800.
GBPNZD is about to end a long rally started in august. The pair made a fake breakout of the top line of the long-term channel until 1.9850. Now it has reintegrated the channel and seems to have broken the low line of the medium-term channel as you can see on the chart. The spot could be interesting for a long term swing trade until 1.81-1.8200.
The pair is at crossroads. Breakout or not that is the question ?
EURAUD is evolving inside a rising wedge daily and just broke the lower trend line of another rising wedge H4. We are short on the pair at least until the lower trendline of the daily rising wedge.
The pair has reacted on its support at 0.8700. EURGBP will try now to reach the resistance at 0.8980. This setup reinforce the possible medium-term reversal on the pound.
GBPAUD is at a crossroads. In fact the pair could breakout the support level at 1.7600. Rebound or breakdown ? We will get the answer very soon.
The setup let us think that a bearish wave is taking place. We bet on a short on this pair but it could take much time to go down.
According to the uptrend range, here are the potential entry areas to initiate a short or long trade on BTCUSD.