Forecasting
Euro / U.S. Dollar Monthly Chart - L/T Downtrend Channel! The pair is still trading inside the
long term downtrend channel as shown.
As long as the prices stay inside the channel
we may expect the Long Term target may be
below parity.
Only breaking and sustain trading well above
the upper trend line may save Euro from
all time low.
XRPUSD | Buy Long | price has broken the trend!In my novice analysis I have concluded that because of the extreme high we saw in this pair at 2.6 previously and then the extremes of consolidating lows around .14103 there is anticipation for a bull run.
•the price has broken the trend line creating higher lows on the weekly and daily
•price has been consolidating for an extended period of time after a huge draw down, strong buy opportunity with clean entry
•SL has been placed at last most recent low
•TP1 & Tp2 are in the next zones above
With possibly more to gain
I am watching what price does at .28863 and then will take an entry if applicable.
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Please feel free to post your analysis or critiques and opinions ...I’m open to what others are seeing on this chart! Anything helps! GLGT
29k succesfully reached! 🐂Despite the turbulent news regarding the upcoming presidential election and the uncertain economic recovery, the bullish scenario remains intact.
The index has hit the 29k region and is still going strong. The 29k points was the first target from the last Dow Jones Update.
Should the bulls break out of the yellow target box, above 29559 points, the path for a direct rally to 30500 points will be paved. This, however, is our alternative scenario that we give a probability of 35%.
Our primary scenario projects a slow and steady sell-off in Wave 4 in Green to at least 27900 points, before the bulls push the Dow Jones toward new all-time highs.
If you are Long, since 27600 points, you can use this area to take home some profits and reload after wave 4 in Green has completed.
Feel free to share your thoughts.
Happy to discuss the next move.
Will NASDAQ100 Hit 13,000? It's Crazy but ...NQ100 made the all-time high on 2 September and this index is still going strong. The question is how much higher can this index can go.
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From our technical standpoint, assuming this bull-run continues, we are now revising our target to be at 13,007. But before that, it needs to test the resistance level at 12,613. Let's see whether this index will reach our targets.
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Good trading!
From the desk of NinjaSingapore
3 Sep 2020