The pair has held support at 50 and edged higher, break below will drag the pair lower 'Golden Cross' (bullish 50-DMA crossover on 200-DMA) cushions downside
Gold lost its shine on the surge in the US dollar. Technical: The near–term support is around $1960, The yellow metal faces strong resistance of $2000, any breach above will take to the next level $2020/$2050. It is good to buy zone $1970
Price action has found stiff resistance at daily cloud and further gains only on break above GBP/CHF was trading capped between 55 and 110 EMAs, breakout will provide a clear directional bias.
GBPUSD Currency Strength Index Major resistance- 1.3190 Near-term support- 1.2970 Trend reversal level- 1.3150
NZD/USD spiked higher to test 0.69 handle, before erasing most of the gains. 200-DMA offers stiff resistance at 0.69 handle. Edges below 50-DMA and eyes cloud support Major Support Levels: S1: 0.6844 (110-EMA) S2: 0.6779 (20-week MA)
Technical: The near–term support is around $1950, The yellow metal faces strong resistance of $1970, any breach above will take to the next level $1982/$2000/$2020.
The board-based US Dollar buying due to surge in US treasury yield. Technical: On the higher side, near-term resistance is around 1.0950 and 55-EMA
Major resistance- 1.3050 Near-term support- 13000 Trend reversal level- 1.2980 Pair Value Recommendation GBPUSD -418.24 Strong Sell
Technical bias for the pair is strongly bullish. The major is extending its bullish streak for the sixth consecutive week. Minor resistance lies at 125.85 which is 2015 high. Break above will see the major at fresh multi-year highs.
Gold breaks significant resistance at $1950 after long consolidation despite a surge in US bond yields. Technical: The near–term support is around $1940 (yesterday's low), The yellow metal faces strong resistance of $1961 (38.2% fib), sell around $1950-51 SL $1975 TP $1850.
EUR/JPY spikes over 1.25% to hit new monthly high, pauses shy of 137 handle EUR/JPY is showing a good bullish breakout after extending sideways grind for past few session's. MACD and ADX support upside in the pair. Chikou span is biased higher. GMMA indicator shows major and minor trend are strongly bullish.
The price will grow towards the target above Also you see here is a almost perfectly formed butterfly harmonic in play. this week looks more promising with expectation of a further bullish rally to 1960 area. key point: with this breakout new structural movement is expected with both small bull and bear rallies accompanied by a massive potential pullback back to...
BTCUSD showed a sell-off after Fed meeting minutes. Bear case- Levels to watch- $42980 (55- day EMA). Any daily close below that level confirms intraday bearishness. Bull case- Primary supply zone -$44100. The breach above confirms minor trend continuation. if move up after trendline testing It is good to buy on dips around $42000 SL $41700 TP of $52000.
We see that the price didn't convincingly break that major High so i can only assume that momentum is staying Bearish. I want to see a break of structure on that down and pullback to the upside making a higher low so i can enter the trade.
Practicing. DONT HATE PLEASE! everyone has a start! GOOD LUCK!
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After reaching the important support level between $18-$20, UMA started rebounding. Let’s see how much potential profit UMA could bring us if we bought in now! Backstory: UMA’s previous strong growth was mainly due to an announcement regarding the arrival of the uSTONKS synthetic token. uSTONKS tracks an index consisting of ten stocks that are most commented on...