Looking at the chart it seems like we still going in the down side direction for some more pips, So we'll wait for the price to get locked in between 50 and 61 that's when the bears will be ready. Good luck.
Judging by the history of this pair is has a tendency of bouncing on 51, but in this case we'll take both 51 & 61 that's where I've put the demand zone. In this area that's where we'll look for buying signals then our target will be on T. All the best.
If you look at the trend line A, B and C they are all equal, basically forming an ABCD structure. Looking at the 61s I've put on those resistances they are all based on Fibbo. So regardless of whatever happens our target we're still expecting it to hit 1.32 without a doubt. Good luck.
The market trend is still on bulls currently but the whole structure screams bears. Checking trend line A being equal to trend line B is fascinating enough to see even Fibb agrees with it, so basically will wait for 61 Zone then that's when we'll check sharp and definite signals for selling but for now keep on checking buying opportunities. Best of luck.
The overall market trend is still short, And judging by the RSI we have 3 sharp divergence zones where the market will definitely take a sharp turn. That whole zone is between 1.40 and 1.38 so stay tuned in and see how the market plays out.
Take note of both Dollar and Euro charts and deduce something out of it. Leave your views too
I'm expecting a rise on DXY for the next coming months, Non the less we just have to wait and see how the market turns out.. And please do feel free to give your views. Adios.
Well since the 23rd of March 2020 US30 has been rising where do you think we can expect the major fall???? Comment and do tell since it seems like it's losing bull momentum.
EXY might be completing its ABCD structure, if so then then the 119 support will be respected and we'll see more down trend in the upcoming week. Note that that arrow is equal to BC.
USDJPY has now reached 78 on Fibbo, and has already created a divergence if check you RSI, so we might see more rally going up soon, unless the market happens but non the less tag your risk management with you. Goodluck.
Trend line A is equal to trend line B, which gives us a possible target at the end of trend line B.. And when you look at trend line 1 is equal to that of 2 which also give us the first possible target. The first support could be you tp 1 and second support could be your tp 2 remember this is just a possible sketch of how the market might turn out.. You welcome to...
We might see more fall on BTCUSD don't buy it yet, Because according to my analysis it might fall on 17K that's how deep it can go so for now stay put don't rush into it atleast Q will be an ideal entry because that support can break anytime and chances of it bounces back up are very slim so stay tuned don't keep your eyes of the ball.... You can refer to my first...
EURJPY is consolidating forming a falling wedge of some sort, regardless of that wedge it will continue rising because both currencies are weak. So right now it is a perfect time to place your buy trades its deep enough.... Don't miss out
US30 bought this whole week, chances are that we still going to see more bulls taking control in this upcoming weeks note that trendline 1 is equal to trendline 2 it should complete an ABCD pattern, So it is very necessary to check retracements on smaller time frames for better entries... Don't panic remember our target is B.
Selling GBPUSD now you'll have to wait for an retracement at A, then execute your trade, B can be your first TP and D your second TP..... Then at D will wait for market to give us an idea or clue of where it is heading exactly... But judging by the dollar strength will still be looking for more selling opportunities...
It was suppose to touch the 1.999 resistance but it's rejecting before it, but nevertheless it's still safe to go short because we are looking at 1.17 as our target.......... Then it will bounce back up on the support.
BXY will continue to go up unless conditions change, For instance if it can break the support at 127 then the whole scenario will change but until then stay tuned to more update and just sit tight for long ride...
Daily supporting trend line was broken, which maybe an indication that we still going to see some more downtrend unless it respects the first 2 demand zones.. Non the less we have one point or zone which will determine what we could expect going forward and that's point A( The market can break through or retest at the point). But should it break through A, even if...