Turkish Lira, showr correction !Break time for TRY. Expecting short
correction to 6.8000 until June,
due to quarantine off and internal
tourism. Pattern Speranteo is crutial to follwo in 2020. Sperandeo with T1, T2, T3 and T4
Academy
Wallmart, The end of quarantine and tability for 2020 !As quarantine will be closed step by step Walmart will stabilized in 121.29-114.17 range during 2020, T1 trendline is the most important support.
Pattern Triangle - How to find? how to use in a right way?Triangle is one of the most populat pattern. A lot of traders are trying to use, but mostly thay can not find it, or are drowing it in a wrong way. In this video I am searching patterns with you and also will give you most important principals for trading with it.
How to use Horizontal lines in a right way?Horizontal lines ar crucial to find the best stop levels, but they can give you much more information and also trading opportunities. Try to draw them in a right way and I am sure thay will help you.
9.4.2020 Litecoin (LTC / USD)Hi Traders!
Today, after a long time, we will look again at Litecoin. If Bitcoin is referred to as digital gold, Litecoin is nicknamed digital silver. He's the smallest brother of Bitcoin and we'll go over his technical analysis today.
Litecoin has a similar graph to the other altcoins and bitcoin itself. As you can see on the 4H chart, its structure is very complex. Let's break it down into smaller pieces and say what we see on the chart.
First of all, we see the big white channel. So the chart is still moving in the channel and couldn't break down or up. Movement in the channels indicates that it is more of a corrective nature. Second, we see the ABC correction , which we could draw into three waves and then the triangle (the triangle is typical for wave B and the closing wave C).
We are approaching strong resistance and therefore we should be careful. We consider USD 46.85 - 48.76 to be strong resistance. At this level, there is 0.382 Fibonacci level of the whole decline, one to one extension and point resistance. Thus, three key levels overlap in this zone, which can prevent further growth.
May the crypto be with you!
EURUSD T2 trendline is crossed ! But...Euro - US currency pier has crossed T2, this is a signal to short EUR, but still be careful, because price has crossed back T2, so we need more time. The head and shoulders was formed perfectly yesterday, that was great opportunity for short sell.
EURUSD Following last signal !Following last signal, inside the pattern triangular another pattern head and shoulders was formed, which can be the argument that price will cross T2 trendline. But we can make final decision only after crossing
USD UAH next rally !Ukrainian hryvnia is ready for second rally, now target is 28.421, lets see if price will cross that level
18.3.2020 - Bitcoin (BTC / USD)Hi Traders!
The history of cryptocurrencies will certainly remember the last week as a tragic one and therefore we will discuss bitcoin again today.
In the last analysis, we also marked the lower trend line on the chart. Probably, no one expected it to be tested just a couple of days later. At the moment, we are probably on the strongest trend line and on key levels.
There are 3 strong supports awaiting:
1. Last LOW - $ 3,234
2. 2017 Swing - $ 2,976
3. Swing LOW from 2017 - $ 1,801
Where's the bottom?
This is probably the basic question often followed by another question - when is the best time to buy? However, no one knows the answer to these two questions. Bitcoin and cryptocurrencies are experiencing economic collapse for the first time in their history. Although Bitcoin came into existence in 2008 (during the last financial crisis), it was of no value at that time and trading volumes were practically close to nothing.
The crypto fundament is now secondary, as well as halving. On the Internet, there is a growing belief that the price cannot fall further due to the mining process. The truth is, in the short-term the price may still decrease.
What's next?
At the moment it's best to simply wait and possibly buy for a long-term hold. Problems in the world won't be solved quickly. The most important thing, for now, is to keep the trend line. If we break it downwards, we would follow the listed supports, where we would set up purchase orders.
May the crypto be with you!
USDJPY long, but ... !T1 is crossed, technically you can buy USD against JPY, but in my opinion it's little bit risky now, because fundamentals are extrimly changing and Japanies yen is quite strong and stable. So buy USDJPY, but be careful and in case if price will cross back T1 clos the deal.
USDTRY will reach 7.0000Turkish lira continuously weakening. The lowest price was reached in 2018 7.080 against US dollar, looks like the same level will be reached soon. Rising tention with EU about refugies, turism crisis (actually tourism is on of the main parts of the economy), so the mix of this two fundamental factors will push TRY lower.
USD JPY loading for a big game !US dollar= Japanies yen currency pier is loading for the big game ! Pattern triangle on H4 chart, actually the pattern is neutral, not bullish or bearish, but you can make decision after crossing of T1 or T2 trendlines, trading on a same direction. Wish you successfull and healthy week !
Crude oil $10.38 per barrel ? Crude Oil price plunged to $27 per barrel. 2 most important targets to analyse 2006 ($26.10) and the lowest $10.38 per barrel, which was in 1999. Now everything depends on Saudi and Russia negotiation
11.3.2020 - Bitcoin (BTC / USD)Hi Traders!
Today we're looking again at bitcoin, but this time with the long-term lenses.
Currently, halving comes out on May 11, 2020, and many people have speculated based on the past that if history repeats, we should grow before halving. Subsequently, in the halving period, we would slightly decline (even consolidate) and grow again. The bitter surprise is that halving is around the corner and bitcoin is falling. So we offer 3 basic scenarios.
1. Bullish scenario
Right now we are near the bottom and the lower trend line will support us. A bounce will come from there, and we'll climb towards the top of the trend line, we can get through it and get into the bullish zone. There is also strong resistance around the trend line.
2. Bearish scenario
In this case, the lower trendline won't support us and we'll break it down. This would be an extreme bearish situation, we cannot fully imagine what would follow then. But we have to take it into consideration.
3. Complete triangle fill-up
Two basic trend lines make up a triangle together and it's possible that we could bounce off the bottom and go up to the top line, where rejection would come across and we would go back to the bottom and the final decision would take place there. However, this move could take up to 3-4 months and would be very challenging for trading.
Which scenario do you find the most likely? To us, the last one, because both bullish and bearish scenario represents huge extremes even for cryptocurrencies.
May the crypto be with you!
USDUAH - Lets fly to Ukraine !Long term analysis on US dollar - Ukrainian hryvnia currency pier - now trading at 24.973. Fundamentaly US dollar is weak, but most of major currencies are decreasing do to Coronavirus Crisis, so there is kind of a balance on Foreign exchange market. So the pattern Head and Shoulders looks perfect, which is a signal to buy USD against AUH, but we need to follow fundamentals, this pattern may work during next 2 months.
EURUSD Target 2 - Done, whats next ? EUR USD Target 2 - Done... Red monday on stock markets, oil down with 30%, Saudi Aramco -38%, airline stocks following downtrend, no all eyes on policy makers. To make weekly decisions we need to wait US session, when weekly trend will be formed on Foreign Exchange Markets
EURUSD recover under Non-Farm and Unemployment news USD rally for last week will stop now. I predict recover to 23 fibonacci level of last trend (1.1320). BUT for longer term forecast we need to understand FED sentiment next week
EURUSD following my signalEURUSD just touched first target, which was posted 2 days ago. Follow to receive more details about this signal
USDTRY following last signal !Following our signal on USD TRY (Posted one week ago). Pattern sperandeo was not formed ideally, but signal was right, still the target is S1 support level 5.9880
EUR USD long term forecastLongterm analysis on EUR - USD pier - Due to FED desicion yeasterday USD has lost its dominating position against major currencies. from 1.0884 up to 1.2000, but its is just a bigining. Here is weekly chart and you can find 3 most important resistance levels of 2019 traget 1 (1.1243), target 2 (1.14.6) and target 3 (1.1569). If ECB will not change its policy until the and of the year as was planned, USD will cross all this targets during 2020. Now we need to monitor ECB's decision carefully.
GBP CHF ready to serf?Sensitive situation on GBP CHF currency pier, the pattern brilliant just finished on daily chart. Now we can follow reversal pattern sperandeo, if price will cross T1 trendline, target will be 1.2247, second target T2 trendline. But be careful and follow news
