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GBPJPY WEEKLY REVIEW OF OCT 3RD - 8TH 2021 GBPJPY has a had a strong bullish week as we recently tapped into the HTF Demand of 149 lows failing to break below showing us buyers are in control as higher time frame bullish ms has not been broken. which gave the strong bullish reaction we saw take place this past week to recover the sellers downside in the past 2 weeks during monthly close of September and Q3 close, Which those pullbacks was order flow / price set up for Q4. When conducting an analysis on GJ you want to gauge price movements on the Yen. Something to take note on is that YEN has been heavily bearish on the higher time frame. Thus, creating a bullish GJ. Gauging in Economic Data for Yen and Pound to gauge individuals strength as a currency. YEN is a safe haven currency Pound is a risk currency
by KimboSlice04
Technical Updates on NZD/USD (Kiwi).The General Technical Overview of Kiwi is STRONGLY BEARISH On a Short-Term - On the 1H and 2H Chart This reveals that Kiwi is partly Bearish, with the price above the short-term Moving averages 21 and 50-day Moving averages (blue dot-line and black line), with a strong trend and momentum above these levels, this could result to much bigger corrective wave that might throw the bears off the market and incur another surge in the price of NZD/USD. On a Long-Term - On the 4H and 1D Chart The Pair is strongly Bearish with the long-term technical moving averages 50 and 200-day SMA (black and purple line) standing above the price level, with the Fibonacci levels measuring the recent correction to be below 0.5%. This is as good as it comes, unless the buyers are able to drive the price above these levels, the market is bearish and the next downward mark would be around the September low at 0.6860. Traders are to be on a lookout for RBNZ Rate Statement and Official Cash Rate coming up later today. Disclaimer: This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. This communication has been prepared based upon information, including market prices, data, and other information, believed to be reliable; however, the author does not warrant its completeness or accuracy. Trading CFDs involve risk and can result in loss of capital.
Short
by Adefxc
Technical Updates on DXY (Dollar Index)The general technical overview of DXY is Bullish , Following the price action and checking through the Moving averages technical tool used on the chart, it reveals that the price just got corrected from the last week surge and using the Fibonacci levels to track-measure the corrective wave, the price bounced back at the 0.382% level and this shows that the bulls are still very active in the market and they are willing to drive the drive the price back to the previous top at 94.50. That said, the bears are as active as the bulls but they are with lesser power, but if the buyers fail to push the price above the current psychology price level at 94.00 which also happens to be at the 0.236% fib level, the bears might use this psychological zone and turns it to a resistance zone, which might enable them to pull the market downward to probably the previous resistance level at 93.70. there is a possibility of this only of the seller mount up their selling strength and beat the bulls to it, before another rally toward the 94.50. Lastly, with the US NFP and Average Hourly Earnings news coming up on Friday, this could help the buyers anticipate for more buying opportunity, provided that the actual is hawkish as forecasted. Disclaimer: This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. This communication has been prepared based upon information, including market prices, data, and other information, believed to be reliable; however, the author does not warrant its completeness or accuracy. Trading CFDs involve risk and can result in loss of capital.
TVC:DXYLong
by Adefxc
First Resistance Got Broken in Bitcoin but Still Bearish !!!!Hello to the large community of traders, Related to my previous Bitcoin👇🏽 I expect this bearish momentum to be Bull Flag and yes this is what exactly happened. This Bear leg was just correction of our bullish impulsive leg. ( Falling Wedge = Bull Flag ) If you want more confirmation for bullish momentum, wait until bulls consolidate above 20 and 50 Moving Averages. So our first obstacle ( Dynamic Resistance ) now passed. Wait for BTC reaction to long term dynamic resistance. Remember that we are still in bearish momentum. If long term resistance got broken I expect $62,980 to be touched. **This is not an investment advice. Your capital might be at risk.** You can support me by donating coins. Give me your idea on comments... Good Luck...
Long
by amirthetrader
1
longing sentiment after the bearish flag for GBPAUD?From the previous week we have been able to witness a steep uptrend on this pair , this indicates along the way unless there's a chance to find a bearish trend there will be patterns along the way such as he clear patterns we are observing , a bullish flag now here is our catch , being at the moment in time , we have observed that the price broke through the brick wall - resistance trendline ; and made a proper retest on the support line , rejecting with a long wick , but we will consider this bias as invalid after the break of the bigger . lower low .
Long
by DIGITALASSETSINC
Short term Bitcoin analysis 09/10/21Hi again, today I´ll will write about the previous and possible futures events and whats my expectations are on btc movements. First of all, we did not have a break out, but we are surpassing the lines by bouncing in the 45100 level wich is a structural support, we also find resistances in the 4th line, that once we pass that 4th line I expect an event, possibly bullish but that depends on the momentum of the break. If the support line is tested several times, i would expect going to 43800 - 44400 levels, but in my opinion the chart it´s forming a double bottom that will give us the 48-49 k, and after that I keep expecting the 45100 or the 42000 range.
BITSTAMP:BTCUSD
by Lukitein93