DXY manage to break the losing streak from March to August end. From this month DXY has broke the resistance level 94.00 which is comes around .382 Fibonacci retracement level Broke and retest was happened today This will give some conviction to buy the USD. As EURUSD and DXY tend to move in a opposite direction and today EURUSD is also makes some lower...
XMRUSD After reaching the 100.00 level the price got rejected and formed a head and shoulder pattern has formed. 98.415 is a major resistance level for the bull Right shoulder was formed on September 01 and felled up to 74.400 level which is a low volume area and bounced back. And formed series of HH HL HH HL in rising channel. As we see the bull has losing its...
📍 The safe heaven metal has reached the 2020 high around 2069.00 and felled towards 1861.00 on the fourth day after reaching the historical high. The key psychological level 2000.00 was broken and the price was currently trading around 1900.00 📍 Yesterday its felled below the 1900.00 level broadly. And formed a bearish engulfing candle. The lower side trend line...
AUDJPY Price has reached around 78.500 which is a August month high and the upward momentum is shifted towards downwards as the risk aversion creeps in the market. The vaccine hopes supported the risk proxy for the past two months. The vaccine trial was put on hold by Astrazenca pharma company due to the some side effects caused by the unapproved vaccine and in...
EURUSD Is trading in a range for the two months from August 01 to till date. On topside 1.20000 has acted as major barrier for the recent bullish run. Before reaching this level Euro has gained most of the loses which give up on starting of this year. Weakness of the USD helped the Euro to gain back towards 1.20000 The trading range is from 1.17000 to 1.20000...
S&P ---------------------------------------------------------------------------------------------------- Good day friends Hope you all like our analysis do follow our profile so that you can get every new updates and trade related tips and ideas ---------------------------------------------------------------------------------------------------- The S&P was...
AUDNZD-H1 Key points ⚡️ After the impulse moves from 1.05500 level it has reached around 1.1000 level which is a key psychological level and started falling ⚡️We can clearly see the LL LH LL patterns and trading in a downward channel ⚡️The first major rejection comes around 23.6% Fibo at this level we have selled before but unfortunately it's retraced back...
OIL We can see a parabolic move from 40.00 to 36.10 after that some minor correction happened in a triangle range. From September 08 to September 15 its formed a triangle pattern and the pattern was just broke on sep 25 and the impulse wave is formed up to 41.50 level At 41.50 formed a minor head and shoulder and felled towards 38.64 there its finds support from...
BITCOIN The price has reached the recent resistance zone which is 23.6% Fibonacci retracement level. At this level on daily timeframe Double Doji's are formed which is a sign of buyers lacking the momentum and sellers will take firm control Price is currently trading within a range between 100 EMA and 50 EMA 100EMA and 10000.00 key psychological level acted as a...
📍 Dow jones industrial average is comprises of 30 TECH stocks. US30 is traded 2020 yearly high around 29600 which is also a February high. After the long upward rally from 2016 until 2020 February it has moved up gradually. And there is no major drop one like happened in 2008 financial collapse 📍 Due the COVID-19 breakout in the USA the economic is came to...
CURRENCYCOM:US100 📍 After reaching the record high level around 12500.00 investors are taking their profit because of fear about the economic slow and and doubt over economic rebound 📍 Currently the price is below the 11000.00 key psychological level. Ahead of the US presidential election everyone had a doubt over who is win the election and how they will impose...
CHFJPY The trend line was broken on September 11 which is holding since may 14. Series of HH LL LH LL patter is forming in H4 timeframe After reaching the august high around 117.911 which is low volume and key psychological level this pair felled towards 115.00 level. The price is currently trading below the 38.2% Fibonacci retracement level Next swing target...
USDCAD The price is trading below the 1.32000 which is currently acting as a resistance for the bullish run. In one hour the price is also trading above the 50,100,200 exponential moving average is a clear sign of continuation of bull. On volume profile the price is also above POC – Point of control. On Elliott wave pattern currently third wave is...
LTCUSD After reaching the 69.00 level price felled towards 45.33 and got some minor support and bounced up to 49.50 We can see a triangle formation in a bearish trend which will further triggered the selling of litecoin In 4hr timeframe head and shoulders pattern is formed and the bullish trend line is also broken on September 02, 2020 with the long bearish...
CADJPY At 81.500 level this pair got some major rejected fourth time and felled towards 80.000 psychological level. The medium term trend line was broken on September 08 and the price was Retested and currently its trading below 23.6% Fibonacci and 81.00 level. Bearish engulfing candle is formed at H4 timeframe. Next downside resistance would be 80.000 and 40%...
XRPUSD Bear flag is forming at four-hour chart. And the price is currently trading below the 50,100,200 exponential moving average. The current level is below 50% Fibonacci retracement level. 61.8% Fibonacci will be act as resistance for bearish trend. On upside 0.31000 will be a major resistance level. On downside the target would be 0.21000. Please give us...
XAUUSD-H1 Key points 📍Due to the broad weakness of USD gold got some strength and moved up towards the upperside trendline 📍At 1960.00 level we can see a rejected pinbar which is a clear sign of bearish trend as the buyers lacking the momentum 📍At this level the volume is too low thus the bull is losing its strength 📍 Though the fundamentals are supporting buy...
AUDUSD Reserve bank of Australia latest monetary decision clearly shows us the optimism over the market and the risk appetitive was growing recently. Mostly they will follow the inflation targeting method as central bank of America. Vaccine development news was the supportive factor for the Aussie dollar rather than their national economic development. Previous...