Currencytrading
EurUsd Long opportunityThe Euro has been in an uptrend for the last few weeks, and it is at a critical level where it can either breakout of the trend to the downside. or continue its bullish momentem. When it comes to technical analysis this would have to be close watch pair to determine what it would do next, however, with the world economy I believe that the Euro is going to continue to strengthen compared to the US dollar. A good play on this pair would be to wait until this one retraces back to the 50% fib level, set your stops up underneath the next highest low, and target profit to the 1.185 level.
CHFJPY Possible Long Swing Trade!FX:CHFJPY on daily is forming an ascending triangle . Yesterday price went through the triangle up-trend line but It didn't closed below which is a good sign!
If everything goes well my entry on this one will be around 111.800 and will be exiting around Technical Traget. Keep in mind that is always better to miss some pips and wait for the conformation! The same goes when you exit, If price will close above the technical traget with ease, I'll just move stop loss and lock profit around that traget (I prefer moving stop losses when market gives you some structure..)
Trade set up :
- Entry : 111.800
- TT (or further, depends on price action!) : 115.120
- Stop loss : 110.715
-->Risk/Reward Ratio : 3.
Have a nice weekend!
BTC Bear Season An interesting weekend for bitcoin so lets dive in.
Still in bear season as btc has not broken its clear downtrend. under almost all MA across time frames and heavy trend line standing in its way. This weekend we saw an attempted sell off which was quickly countered after breaching the 100B ($5800) market cap thresh hold and brought us above 6k again.
We have flirted with this level before, and it has become clear that we have some heavy hitters under that 6k line. and why not? there may be some incentive for large players to keep the market above 100B if they have significant futures exposure purely as a risk management play.
Shorts also had some significant moves over the weekend but most have re bought while longs slowly start to pile up.
No reason to take a long position here with so much resistance in the very near future. and I would not short as we may see another aggressive move at the 100B thresh hold.
that being said, bitcoin under 6k as a long term play inst a bad option, however we may have further downside before we break this trend if we fail in the next week or two.
EURAUD formation and rising analysisEURAUD M30 chart
There are two bowl formations on the M30 graphic, large and small
First target is 1.54xx Second target is 1.55xx
***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***
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JPYCAD Fibonacci support and resisdanceJPYCAD daily chart
Critical level according to Fibonacci
If it close over to 0.11842, it advances in a top band. If not, it comes down (0.011667 or further down 0.011492)
Pay attention to fibonacci support and resistance!
***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***
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GBPAUD analysis on H1 ChartGBPAUD H1 Chart
It has repeatedly returned from the same support line
Again, the formation of a peak can be expected.
If it break the support line and the green field is closing, the price may fall to a very low level.
If it ascends, it will go up to the blue line and fall back.
If it passes the thin blue line, it goes up to the thick blue line.
***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***
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GBPAUD Daily Chart
EURUSD: Rising channel in big trend (UPDATE)EURUSD H1 chart (This analysis is an update to the analysis dated May 28, 2018)
With the continuation of the Ascension, a new rising hill can be expected.
The first target is 17.4xx and there is not much time left for broke to trendline
***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***
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EURUSD : Big falling channel analysis, support and resistances (May 28, 2018)
EURUSD fall analysis on H1 chartEURUSD H1 chart
Indicators indicate that transactions will be mostly by sales
Therefore, a further decline can be expected.
***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***
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AUDNZD : Anticipation of decline - SHORTAUDNZD on daily chart
Indicators are on the downside
Price fell on bollinger bottom band
In this case, we can be expected to the decline
***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***
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why bitcoin isn't dead and will go up soonI drew the original trend line back in mid 2017, as you can see, we had exponential growth, and of course the winter crash.
After the major crash, it touched the original trend, with only a shadow, and then tested it 2 more times, both bottoming out at the bottom of that trend line. We can see this is an extremely strong trend line, dating all the way back from March of last year.
I believe after the rest of the mt gox funds are dumped, and if any remaining governments decide to ban crypto, we will finally break out of this trend again.
With bitcoin becoming more of a store of value, and safe haven from trading alts, it acts more like a long term investment, or the stock market average.
USDTRY will he test the summit again?USDTRY H2 chart
It may not be exactly like that, but it's the scenario.
I think it will test the summit again in a short time.
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USDTRY : (UPDATE) Falling will seems to continue for a whileThis chart is an update to the USDTRY analysis below dated May 28, 2018.
As you can see in the H3 chart, falling will seems to continue for a while.
The target price is primarily 4.41xx and then 4.37xx
It is necessary to pass the 5.50 for rising trend again
***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***
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USDTRY : Falling will seems to continue for a while (May 28, 2018)
USDCHF trade channel and price directionUSDCHF H3 chart
You can see the area where you can trade above. The direction in which the blue line breaks accelerates the price movements in that direction.
The formation shows you will fall down. You can see that formation on the daily chart at below.
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USDCHF Daily Chart
USDJPY target price on monthly chartAs seen in the monthly chart above, the price has been tested to top band but failed and falled back.
In this case, we can expect to fall to the blue support line. Most likely it will broke it and reach the red support line.
***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***
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EURUSD : Big falling channel analysis, support and resistancesEURUSD H1 Chart
The big falls are formed with small rising in the channel.
When we examine the current situation, the idea is that the downward trend will continue.
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USDTRY : Falling will seems to continue for a while.USDTRY H2 chart
As you can see in the H2 chart, falling will seems to continue for a while.
But with political reasons, the formation may deteriorate, it should be noted
***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***
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