FX:EURUSD
After breaking out of the short-term down channel EURUSD move up. We can also see that the price bounce off the uptrend line. These are signs of a potential up move and based on Fibonacci levels the next stop will be 1,1770
After exiting the channel, the resistance line at 55,66 became a support. We can also see that the price found support on its 50 MA and start rising with increasing volume. Additionally, the price is moving along an uptrend line
NASDAQ:FB
FB is a company with great fundamentals. The sales and earning are constantly increasing. The company also
don't have any long-term and short-term debt.
The 20% crash on 26 July 2018 due to panic selling has given the possibility to buy FB at a lower price. An Investor can just buy and hold with a wide stop loss. A trader has to wait for the...
The up move forecast during the previous analysis is ongoing. The question is whether or not the movement will continue and actually reach the target. The answer: yes, the probability is high.
EURJPY 0.40% just broke a resistance on high volume proves of an increasing demand. We can expect to see the price move higher.
there is also the formation of a new...
FX:EURUSD
The EURUSD is testing a major resistance line. Now is the Time to wait and the market (supply/demand analysis ) will tell us which direction it will take next. The price behavior in the next few hours will give insight about the next price movement
SP:SPX AMEX:SPY
Despite the correction during the night, my forecast regarding SPX remains bullish. we can also see a false breakout of the resistance at 2849.2
The stock FIS is starting a downward movement. As we can see on the chart, the second time the price test the resistance at 107,62, it does so on low volume. The attempt of the price to rise was driven by the retail trader. On 21 August the price starts falling on high volume. That is sign of distribution.
As ESNT break out of the consolidation, we can notice an increase in volume. That shows that the demand is increasing. Based on Fibonacci the next point that will be reached is 44.18
KRAKEN:ETHUSD
Just like LTCUSD, ETHUSD has a high probability to rise.
we can see a false break of the support line at 272,69. A new uptrend line is forming.
KRAKEN:LTCUSD
LTCUSD just formed a reverse head and shoulder pattern. Additionally, we can see a false break of the support line at 52,96. The study of supply and demand shows many signs of accumulation since 14 August.
USDCAD is currently moving into a channel down. Additionally, the price couldn't break the resistance at 1.3318. If we take a look at the rally attent on 25, 26 and 27 June it is clear that it fails because of the low volume. No one was willing to bid the price higher at that point.
BTCUSD
Bitcoin is starting a rally after bouncing off the support line at 5920. more importantly, it just breaks out of a consolidation area on high volume. giving a second confirmation of a potential up movement
Waiting for pullback before entering to optimize the entry point.
The price is following an uptrend line and the volume of the last hours shows signs of accumulation.
The price is following an uptrend line and the volume of the last hours shows signs of accumulation. Therefore the probability to reach the target at 0.7445 is high.
