USD/JPY, someone stop this BEAST!The price has been growing without any sings of a reversal or a stop. The impulsive moves which have been happening recently have created many opportunities for traders to benefit from. However, as we all know, it can't keep growing forever. Therefore, some corrections are needed. We are closely monitoring the price action of the pair and looking for some signs of bullish weakness. Right after we see signs of bulls losing power, we will be opening short positions and aiming for the 0.5 Fibonacci retracement level as identified on the graphic.
Happy trading, family!
Investroy
EUR/CHF, do not miss this opportunity to go longThe price is currently consolidating in a sideways moving range. We are closely monitoring the price and patiently waiting for it to break the upper boundary of the range and come back for a "last kiss" (re-test), before we open BUY positions with confidence and aim for the upside
AUD/CAD, what is the best zone to go long from?After making a multi-timeframe analysis, we had identified that the price is currently consolidating in a sideways moving range, and the sentiment of the market has turned bullish. We are closely monitoring the price and expecting a drop to occur, which will push the price lower till the lower boundary of the consolidation box. From there, we will look forward to opening BUY positions and aiming for the zone identified on the chart.
EUR/USD, our next short-term targetDue to the fact that the USD has been on steroids these past couple of weeks, the price of EU has been dropping without stopping. As it can be clearly inferred from the graph, a nice bullish candle has been printed and the price has nicely rejected the descending trendline. We are now monitoring the market and waiting for good entry points before opening BUY positions and aiming for the zone identified on the graph
BTC/USD, detailed outlook and next possible stepsThe price of Bitcoin has been growing immensely and it has now reached a very important zone of resistance. If we look closely, we can observe that the price is ranging within the borders of an uptrending channel. We are now expecting the price to drop till the lower boundary of the local channel, before continuing its possible growth and perhaps even pumping up till the ATH
GBP/JPY, some corrections are needed before further bullish pushThe price has been rising non-stop. The bullish power is super strong. We are now seeing some signs of short-term JPY strength, and therefore closely monitoring this setup for a short-term sell position. The target will be set at the zone of previous support turned resistance which aligns with the 0.5 Fibonacci retracement level.
GOLD, detailed setup and next possible targetLooks like Gold has accepted its faith and is preparing to drop like a needle. The price has been consolidating for a while now, so a big move should be around the corner. We were bullish on this pair before, but our sentiment has changed at last. We are now expecting the price to keep dropping and reach the area of important demand identified on the chart.
USD/CHF, amazing buy opportunity right hereThe sentiment of the market is super bullish. As we can clearly see from the graph and lower timeframes, after consolidating for the past few trading days the price has finally gained momentum and some nice bullish candles have been printed. We are now expecting the price to keep growing and reach the important area identified on the chart
EUR/JPY, some corrections are needed before further bullish pushThe price has been growing non-stop. After a strong impulsive move, a correctional move is a must. Therefore, we are looking forward to opening a short-term sell position and aiming for the area identified on the chart which aligns with the 0.618 Fibonacci retracement level. However, keep in mind that our long-term bias remains bullish for this pair. We are just looking for a short-term sell position, before jumping in the trend and riding the price up
AUD/CAD, trend change. What is the next move?As it can be inferred from the chart, massive bullish candles have penetrated the previous Lower Low and damaged the downtrend. We are now expecting the price to pullback till the important area, which also aligns with the 0.618 Fibonacci retracement level, before charging BUY positions and aiming for the upside
ETHEREUM, bulls are back in business. Where is the next target?As it can be clearly seen from the graph, the price is located at an important zone at the moment. The last 8H candle closed super bullish, indicating that the bearish movement that we had observed was just a pullback. We are now patiently waiting for the price to break and retest the local key area before opening BUY positions and aiming for the top
GBP/USD, two possible scenarios. Which side are you on: A or B?As it can be inferred from the chart, the price has reached an important key level. From here, we will be closely monitoring the price and waiting for more confirmations before opening positions and aiming for the areas shown on the chart. If the price manages to break and re-test the local zone of interest, we will be looking for long positions. On the other hand, if the price manages to nicely reject the key area, we will be looking forward to opening Sell positions and aiming for downstairs!
USD/JPY, some correction is needed. Bulls, take some restThe price has been growing non-stop. As the textbook states, after a huge bullish move, a correctional move is needed. Therefore, we are gonna be monitoring the lower timeframes and waiting for the price to form a nice top, before opening short positions on the pair and aiming for the previously broken area of resistance which has turned support, which perfectly aligns with 0.618 Fibonacci retracement level
XAU/USD update, what is going on?As it can be clearly observed from the chart of GOLD, the price is stuck in a range and is trying to get out of it. Our bias for the pair remains bullish. Therefore, we are expecting the price to act according to the scenario that you can see on the screen.
In case the price breaks the lower boundary of the rectangular range, the idea will become invalid.
Happy trading, everyone!
XAG/USD, weekly lows have been reached. What is next?If we take a look at the WEEKLY chart, we can clearly notice that the price is currently sitting on a major weekly zone of support. We are now monitoring the lower timeframes like D1 and H4 to looks for possible confirmations before opening a transaction. It his highly unlikely that the price could drop below the crucial area of demand illustrated on the chart. However, markets are full of mystical stuff and magic. Therefore, we are gonna closely monitor the market before taking the next step. If the price manages to break the zone of Weekly support and re-test it, we are gonna look for short positions. On the other hand, if the price manages to close above the previous Lower Low, we are gonna look for long positions and ride the trend to the upside.
Let's be patient and see!
AUD/USD, two possible scenarios (duh). Which side are you on?As it can be noticed from the illustration, the price is stuck between the walls of a sideways moving range. If the price manages to break and re-test the upper boundary of the range, we are gonna look for BUY positions and aim for the area identified on the chart. On the other hand, if the price breaks out of the lower boundary of the range and re-tests it, we are gonna look for SELL positions.
Trade wisely and have a nice day, family!