COINBASE:BTCUSD Bitcoin forms rising wedge with higher highs and higher lows, signals bearish continuation trend. I am going to follow the price breaks below the trendline and maybe retest the entry point. Also wanted to take notice of RSI Divergence which hints bearish signal!! I will open position and take profit regarding to below levels; ...
Hello Trader friends, OANDA:EURUSD Euro generated opportunities for longs since March '20 with the increasing abnormalities due to Covid-19 Pandemic. Rising prices and Fed's quantitative easing escalated the inflation fear more than expected. Provided economical and financial data might hint about economical recovery but there are enough concern that are...
BTCUSD graph formed a head and shoulders pattern which created opportunity to short. I indicated the shoulders and head. The minimum target is the vertical distance from the head to the neckline starting from breaking of the neckline. Volumes are acting accordingly. For BTCUSD, this is a good opportunity to short. If you enjoy my graph, please make sure...
Here on this graph, i wanted to show a good example of a saucer bottom to you in a monthly graph of XAUUSD. There are so much discussions about Gold's future, in my opinion Gold always had and will have a good future. Saucer or Rounding Bottom Generally saucer bottoms marks major turns. Strength of the turn is about how long the saucer lasted. On this...
EURUSD is started its correction move since 31st July. From that time EURUSD moves sideways but from what i see trend is still bullish. Also graph produced a double bottom reversal pattern which can produce long opportunity. With that under performing dollar, i choose to stay long on EURUSD while staying aware of DXY. If you enjoy my graphs, like and comment....
EURUSD broke a strong downside trend line last month. Trend began at May 2014. If under performing DXY continues to stay below 94 , my opinion about Euro is, it will be strong against dollar and we can see new highs from EURUSD. My entry price for today : 1.18450 SL : 1.17750 TP : 1.8950 ...
It has a strong support level at 0.6575 but as seen from RSI, Kiwi is not generating powerful action to upwards. NZDUSD resistance level is 0.6630 If you enjoy my graphs, like and comment. Your feedback will always be appreciated. Thanks!
Currency pair's trend is still bullish but it has a strong resistance at 0.7195. Support levels are 0.7075/0.7040 If you enjoy my graphs, like and comment. Your feedback will always be appreciated. Thanks!
GBPUSD is still strong with 1.300 support level and 1.3185 resistance level. If you enjoy my graphs, like and comment. Your feedback will always be appreciated. Thanks!
I can't say gold become bearish. We are still higher than before Covid levels. We can see sideways move or even try support level to generate an upward move again. In my opinion gold has a strong support level at 1920. Resistance levels are 1970 and 2010. If you enjoy my graphs, like and comment. Your feedback will always be appreciated. Thanks!
USDZAR formed a double bottom pattern, but we need to observe whether we are ready to open position or not by checking DXY. Whenever DXY turns bullish you can open your positions to count your pips! If you enjoy my graphs, like and comment. Your feedback will always be appreciated. Thanks!
The Cable is looking strong to form a head and shoulders formation. We have to be careful about stop loss order. In my opinion higher than MA 20 will be bullish for the Cable. So i set my stop loss order regarding to it. If you enjoy my graphs, like and comment. Your feedback will always be appreciated. Thanks!
EURUSD is ready to complete the cup formation. Then we'll observe the handle. We have to be careful about MA 20. If it breaks below, we may see downward action. Price that is higher than MA 20 is still long in my opinion. If you enjoy my graphs, like and comment. Your feedback will always be appreciated. Thanks!
EURUSD trend is still bullish. If it breaks the trend, we might see downward movement on EURUSD but I don't think we'll see a strong downward action because of FED's decision about printing large amout of money. For longer period in my opinion we'll see strong Euro against the Dollar. If you enjoy my graphs, like and comment. Your feedback will always be...
EURUSD testing 0.382 Fibonacci Extension level valued at 1.13703.
For my idea Gold is not valued properly. In recession periods change of US Total assets held by all federal reserve banks increased incredibly. According to that Gold price moved correlated with that. I will try to show you that with another graph. Thank you all. Have a good day. Feedback always appreciated.
Wanted to show how Gold price performs during recessions. We are way out of scheme right now.
USDTRY has a weekly resistance at 6.87673. After breaking that resistance, USDTRY will move through 7. Also 0.236 Fibonacci level valued at 6.9729 is another important level for USDTRY. Thanks you all. Have a great week. Feedback always appreciated.