BTCUSD Got rejected around .618 Fibonacci level.Is this rejection will hold the bull market.Before that we can see minor double top pattern. The fear and greed index for BTC is still below the 15 level.As Fibonacci principle Our primary bullish target would be 42400.00 which is 1.272 level
BTCUSD After the weekend selling BTCUSD managed to back above 50k which is a hope for the buyers.If the current 4Hr candle close above 51k BTCUSD will be more bullish.As its coincides with the trend line support
USDJPY Though the long term downtrend was imminent in USDJPY it has managed to bounce from 102.600 towards 111.00 level where it met some major resistance and started falling towards south.Series of Lower low and Lower high patterns are forming and forming clear downtrend channel.Currently the 5th Elliot wave is underway.The lower side trendline adnd 108.00...
EURAUD The recent downtrend will further accelerates the selling in this pair.Rising wedge pattern will give us good risk reward ratio.Rejection around 1.57000 and support around 1.52500 Breakdown of the minor rising channel will be a good signal to sell this pair.Primary target would be 1.52500 *Price-below price action level *Price around point of...
GBPNZD Elliot wave analysis The fundamental factors has played key role in the recent downtrend in GBPNZD as the pandemic situation in England got worse and the economic condition in New Zealand was also in trouble and in some countries they re imposed some minor restrictions.Today the RBNZ has leave the rate unchanged this causing the further selling of GBPNZD...
GBPUSD Because of the strong dollar the cable has felled to the one week low while i am typing this analysis. As it faces major rejection around 1.37400 level and the upper side of the trend line was also acting as barrier for the bullish run and we can see a Head and shoulder pattern around 1.37400 level we can expect further downside momentum towards the lower...
USDJPY Because of the broad weakness in USD this pair has visit some south extreme and due to the final quarter and year end fixing and selling of USD is also acted as good fundamental factor to short this pair. USDJPY has reached around 102.00 and got some rejection at this level and this level was currently acting as year(2021) low. We can see a series of broad...
GOLD After reaching the 2021 high around 1960.00 a bearish engulfing pattern has triggered further selling of gold and its reached almost 1820.00 level And managed to thrust above the 1850.00 level and since starting of the January its felled and traded in a confined range from 1803.00 to 1870.00. The stimulus talks in USA is another reason for the 2020 year end...
YFIUSD YFI is an Etherium token that governs the yearn finance platform. And the current market cap was around 84 Million in Indian value. The price of the YFI will mostly correlate with Etherium classic,cardano and steller lumens. We have identified triangle pattern in YFI as the weekend traders will try to push the price lower towards lower side of the trend...
AUDUSD ********* ⏳4 Hour chart 🎲 Possible entry analysis ⛳️ Possible bull/bear target 📚Educational —————-❇️——————- Key points 💬 1️⃣Positive USD and strong DXY 2️⃣ AUDUSD Head and shoulder pattern 3️⃣ 0.78000 Acting as strong resistance 4️⃣ 0.80000 Major upper side resistance Key reversal area 5️⃣ 0.76250 March low- Barrier for the bear 6️⃣ Rising of Virus...
GOLD Since start of this year the shining metal has loses its shine as its started to fell off from the 1960.00 which is 400 pips below the Major key psychological level acting as strong resistance for the bear. We can see the longer term downtrend channel formation since January And Gold is unable to break this downtrend channel formation. The fundamental...
CHFJPY Was trading within a range only the range was around 300 pips from 116.00 to 119.00. From 116.500 it went bullish up to 119.00 and reached 2021 yearly high and started falling towards yearly low levels. CHFJPY will fall towards 114.00 Sell @ 116.500 Take profit @ 115.100 Stop lose @ 116.850
USDCAD We can see a series of falling wedge patterns will be a clear sign of Bullish trend the primary target would be 1.27000
After reaching the 160.00 key psychological level it was bounced from that level. After reaching around 188.00 level it has dropped towards 160.00 level. The downtrend channel was broken on December 12. And currently BSVUSD was trading within rising channel . 170.00 level is currently acting as price action level the price has to be managed to break this level for...
BTCUSD ********* ⏳Daily chart 🎲 Possible entry analysis ⛳️ Possible bull/bear target 📚Educational —————-❇️——————- Detailed analysis 💬 1️⃣ Bitcoin broke the previous high level-19700.00 2️⃣ Parabolic moves/Curvature support 3️⃣ 4000.00 acted as strong support 4️⃣ 25000.00 Dynamic support and resistance 5️⃣ Strong demand for crypto's...
EURUSD ********* ⏳1 Hour chart 🎲 Possible entry analysis ⛳️ Possible bull/bear target 📚Educational —————-❇️——————- Detailed analysis 💬 1️⃣ Triangle breakout was expected 2️⃣ Retest was expected around 1.22100 3️⃣ Risk off mode and Rising of virus infection around the Europe/concern here 4️⃣ 1.23000 Key psychological resistance 5️⃣ Price was trading within 130...
BITCOIN In recent days the king of crypto has shows impressive upward rally and the total market and hash rate was exceeding the previous levels. Again we have identified a triangle pattern and the possible breakout was towards upward only. and we can see a bigger triangle breakout and preceded by the larger move
OMGUSD Recently formed a bigger falling wedge pattern which shows earlier sign of the bullish breakout in OMGUSD and the break and retest was happened around the start of the new trading week of 2021. After that this crypto currency was in bullish trend and i am expecting OMGUSD might reach the 5.1940 level which is a previous high level and 4.4600 December high...