Please if you found this helpful drop a like and follow, let us discuss it in the comment section. To me, this trend looks like expanding and also counting the ELLIOT wave inside the trend. We should be looking for a buying opportunity if the price continues holding the particular zone
GBP/JPY traders should be looking for bullish I mean buy is set up to complete the fifth wave. The correction is almost complete. Good luck
EUR/USD sell in control to complete the fifth wave. in my opinion, the price can still reach 618 in Fibonacci retracement before the continuation of the down movement. All traders should be on that if the market open
XAUUSD, before I will enter the market gold, the market price needs to still go down to 618 Fibonacci retracements for more long entry confirmation. Please use this analysis as a guide before taking any decision in the market. If you found this analysis useful please give us a like and comment below on what exact topic you want us to cover
BTC is holding the price at the major support not closing below the major monthly support, he tested it and moved below and returned back to the support price which shown that BTC may actually be trying some retracement of some bullish if the bearish impulse fails in the next coming days. My advise for those that are willing to invest on BTC should start...
Hello traders please if you find this analysis helpfull kindly give me a like and comment on this if right or wrong. Please use this analysis and watch out for your short entry goodluck follow accordingly watch FIB too
Hello everyone , as we all know the market action discounts everything :) The AUD/USD market showing a lot of bearish signs after failing to hold 0.75 today and it looks like the market might be dropping down in the next week or two . a possible reversal might happen but we need to wait for the conformation on the Market price testing the support line at 0.7401...
Hello everyone , as we all know the market action discounts everything :) notice from all the data and the indicators that we saw on the chart the USD/JPY seems to be moving up with no signs of a reversal yet . we could be seeing the price reaching the are 112.30 in the next few days . Fundamental analysis : The Japanese yen turned out to be the worst-performing...
EURUSD had a bullish drive up to an all time year high in January{1.23493}. A background USD strength had brought about a bearish EURUSD trend. The (1) impulse wave had been completed, followed by the (2) wave retracement, confirming an Elliot wave pattern. Although the (3) impulse wave is still yet to be completed, a bearish reversal pattern around previous...
USDCHF Pair still has a huge tendency of continuing in a bearish trend. The price crossover below the 100SMA also gives room for a retest. The Intraday time frame(H4, H1) shows an oversold zone in the RSI. I would most likely bet on a profit target of 40 pips away from 0.88253 and a 30 pips stop loss in the buy direction.
GBPJPY has been range bound between the levels 139.950 and 137.310. A recent breakout though short lived, but a retest at 139.388 shows the bulls were more likely to push pass and sustain the bullish trend. A naked analysis would favour a long entry with a profit target of 100 pips and stop loss of 30pips from 139.735.
GBPCHF Entry 1.18998 Exit 1.17521 // Parallel Channel
SPY ETF (S&P500) has reached its 200 EMA at $294 (purple line). This is a significant level, as it may serve as resistance. If we break through $300, then the market may continue going up to $340. 50 day EMA (red) is close to crossing 100 day EMA (green) from below, pointing toward higher prices. MACD chart is near the top, but is still pointing upward. Based on...
Analysts are expecting close to $36.9 bn in revenues for Q3 2020. This represents a revenue growth estimate of around 20% YOY. Microsoft is in strong position to continue its business uninterrupted even during COVID-19 outbreak. However, 20% growth rate was baked into valuations at the end of January, before economic disruptions took place. Microsoft’s own...
GBPJPY is moving with the strong GBP in recent days and if we can break 149.366 then we see it testing 150.30
EURCHF looks set to go upside if it breaks 1.14541 and targets can be set near 1.1570
It seems that NZDJPY is trying to resume the medium term uptrend and above 75.545 it looks set to test 75.85
EURUSD REMAINS WEAK WITH FURTHER LOSSES LIKELY The single-currency looks set to weaken further in the weeks ahead after the formation of a ‘death-cross’ at the end of last week, a negative technical indicator. The chart signal occurs when the 50-day moving average moves below the 200-day moving average, highlighting slowing momentum. The cross also occurred on...