If the resistance area around 1.25x is broken and we get a confirmation, there could be a strong bullish potential, in a longer time frame.
Looking at the upper edge of channel. Fisher transformation signal sell.
There's a gap to the blue line and we seem to have a double top. Be cautious. Fisher transformation signals sell on each TF from 1D and lower.
EOS is currently in a strong uptrend, whether or not the resistance is broken, depends, amongst other factos, on bitcoin breaking 42k. I've made different tp:s based on volume, momentum and trend. You may use this as a guidance to your investing strategy. As you already know, there's a descending wedge on the weekly time frame, which favours EOS/USDT.
Neutral with slightly bearish sentiment. The major trend is still bearish. The weighted average volume price is below the current price TF 4H. The argument for distribution phase have not been rejected, nor projection towards the lower lows. Furthermore, accumulation and distribution is in equilibrium, hence phase d according to Wyckoff method, se below. Fib speed...
You can see the intersection of speed fans marked by red dotted cross. I think we will get good momentum at that time, it's a good mark, when the movement may change. See below for cautiously bullish bias.
Bitcoin may retrace due to less volume, accumulation is near the top, and we're facing a monthly resistance. It did make a trend breaker. I'm expecting exhaustion before the next big move as indicated in chart. Fisher signal and weighted average volume confirms a retrace before making another huge pump or dump.
The market did move narrowly and had a fake breakout. That is typical for whyckoff phase D during distribution. PSY—preliminary supply, where large interests begin to unload shares in quantity after a pronounced up-move. Volume expands and price spread widens, signaling that a change in trend may be approaching. BC—buying climax, during which there are often...
I'm elliott wave indicates a bullish USD/JPY. This is in line with a bullish USD around this time untill sept. This pair is transvering on the 2:nd intermediatary wave. Ichimoku cloud clearly indicates that USD/JPY is bullish, recently it came up from it. Furthermore, there seems to be an understanding of bonds are likely to increase in price up to aug or...
Elliott waves and fischer signal indicates we may have a correction, but overall it shouldn't be deep. Trend channel and pitchfork show us that the dollar bull is about to initiate a strong primary wave, which may last at least untill end of august. Elliiot waves in picture may give you a general idea about where DXY is heading. I'm neutral monday upcoming week,...
Elliot waves, EMA deathcross and bearish trend points to the conclusion a test of lower support will get challenged in the upcoming week. Wait for clear indication of trend reversal. Fisher transformation indicates a reversal is about to happen, and in accordance with previous time periods, fisher signal indicates a price increase is more likely than a decline,...
There's a gap to be filled. DXY may need consolidation in coming days. This is a good buying opportunity for EURUSD. Downside risk is limited. Previous idea 1.183+ was achieved.
Speedfans, weighted average price and fib. Would be best to short it before it breaks any major resistance. We may have a breakout. My suggestion is to short to hedge and then to add longs if it breaks any resistance in the chart.
We're still in bearish trend. The recent upswing can be explained due to oversold conditions. EMA, bollinger and candlesticks can not confirm anything bullish. We need a bullish signal to enter buys.
USD/JPY have been difficult to understand lately. I've analysed USD/JPY through supply and demand zones. It's slightly above selling pressure, hence we're currently in a new demand zone. I've applied candlestick patterns to give an idea about the current trend. We can see that USD/JPY mainted it's position firmly.The reason for this have been bonds increasing...
USD/ZAR will have a correction this or next week. Heavy resistance at this level and monthly fib at 15.0267. Market psychology took this pair too highe due to political uncertainty and covid. We are familiar with extended trends with respect to covid. ZAR is heavily correlated with metals and bonds, especially lower yields will be bullish for ZAR, higher base...
Based on liquidity levels and 20/50/200 EMA (1H). I think we'll reach 1.83+ today.
Ideas about intraday trading and confirmation for good entry points.