ETH successfully sold as from the start of the week with an anticipation to buy. However price action continued it's dips, as the bearish momentum was still strong and the previous buying zone was futile. However, after finding stability near 3,150-3,000 which is the half way point of the previous bull run, the crypto may try to find stability around this region,...
Bitcoin is currently transitioning from a correction into a bearish phase, because the crypto failed to rally upwards past the consolidation structure in favour of stabilising and moving below it. As long as price, action remains under 100k and further solidifying under 92k, BTCUSD may drop towards immediate support zones at 84, 80, and 74k to find buying pressure again.
CadYen may rebound towards the top, if price action manages to find support on 107,175 -107,000 barrier which is a crucial resistance turning into support. If the price pushes off and finds stability above this mark, nearby resistance barriers will be areas of interest in which the pair will target.
The pair is dropping to touch 29.3 and/or 29.04, which are potential supporting zones for a bullish move. Depending on where the metal ceases the current sell-off, there may be expected growth if the pair stabilises above 29.000.
US100 is in a consolidation structure and looks headed to retest the top if price action manages to stabilise above 21,200. If it does, immediate resistance barriers will be the target situated at 21500 and 21700. Failing to find stability, may result in the indice possibly dropping.
Dollar Rand is currently transitioning into a from a bullish into bearish move after failing to sustain its continued bullish momentum. The bearish move may be solidified if price action manages to stay below 18,4888.
The Chinese benchmark is currently reacting towards 12850 which is just below the halfway point of the previous bull-run. If price action manages to find strength above this mark it may push up again targeting previously established highs. The zone (12850) may also catalyse an upward movement because the indice seems to be developing a final impulse of a...
YM seems to have broken, retested, and rejected a bullish channel as price action is currently moving between 42200 and 43300. Price may push up and try to touch the 43000 and 43300 with stability above to kickstart the bull run. However, a bear run seems favourable as long as the indice remains under 43k. Further confirmation will be solidified with price...
The German benchmark is currently declining after reaching an all-time high at 20.348 and may continue to do so until finding bullish pressure from key support structures. The 19.124, 18.714, and 18.340 may be immediate key barriers that may put bullish pressure on the indice to retest the top as time progresses. Upon reaching the top and failing to continue the...
The white metal failed to rally up into the 32.000's and we'll likely go further down and touch the Weekly lows.
NASDAQ is currently in a bull run, but seems to be fading and needing a correction to continue the upward trajectory. The below structures between 21800-21400, will be potential barriers of the bearish move, leading in towards a potential upward movement. Conversely, if price action stabilises below 21400 -21200, the movement will likely continue down.
Pound Cad is in a consolidation phase which may transition into a sell, if price action goes under 1.8000. If it does, the pair may find support on nearby support structures as potential long opportunities. If the price action stabilises above 1.8000, the bullish move will continue up targeting established highs.
Dax is experiencing a transition from a bull run, into a bearish correction. The indice may drop and find momentum on the nearest and inherent support structures to kick star the upside move again. If price fails to drop and stabilises above the 20k zone, bullish continuation will continue.
NASDAQ successfully dropped last week but now seems to have halted the continuity of the downward move. As long as price is above 20600-20300, the indice may likely establish new highs. Alternatively, failing to go up and moving or stabilising under the mentioned marks, US100 may move down more.
YM may likely break the green trendline with the motive to go towards the top. However, failure to break the trendline to the upwards may mean bearish continuation.
YM successfully dropped and reached a support structure which may facilitate a bull run towards the established highs and all-time high in the coming few days or weeks. As long as price action is above 43,400 the indice will likely erase the bearish momentum. However, if the indice fails to go up and drops below the mentioned mark, Dow Jones will continue it's...
USDZAR managed to create bullish after finding momentum on a significant support. Currently the bullish move looks to be fading, as price action failed to cement this momentum above 18.220. As the pair develops, the below support barriers will be essential aims were the pair may fall towards and kickstart the upside move. Conversely, if price action fails to fall...
ETH successfully managed to show bullish pressure, but this momentum seems to have faded upon reaching 4100 - 4085. As long as price action is below these figures, the crypto will likely head down to nearby support of 3650 - 3500 barriers, to kick start the bullish momentum again. However, stability under 3650 or 3500 may lean towards a bearish bias.