NANOUSDT,BINANCEWhere is Nano going? With the price reaching the bottom of the bullish channel and the buyers gaining power, the price of cargo is expected Fill in your movement moment and reach the desired target and the canal roof.
Marketsentiment
ETH will reach to 1800$?Further to our previous idea, Ether crossed the bearish channel and now the bullish trend is shaped. We assume due to the uncertain market for Dollar, this might reach to the first target at 1700$ zone. Then probably moving to the next target at 1800$.
Eth is leaving the bearish trend channelFurther to the treasury yield movement last week, the risk taking movement in market was done for a week. Therefore crypt market was declining deeply which made a bearish channel for Bit and Ether. However by starting this week and slipping on bond rate, again market came back to the risky assets and coins started bullish trend and already left the bearish channel and its boundary shadow. As you see the chart Ether is facing a tension zone of supply and demands which slowed the movement. In the other hand, we might not expect the high momentum like before due to the new market challenges and US administration this year.
Gold still in negative sentimentHowever Gold started last week with bearish move, but tried to do some correction until the tension zone between $1780-$1790
This bearish intend might continue due to the hope of more support from new US administration for economy recovery and also having more liquidity in Coins these days. Therefore highly recommended to traders look for short to trigger in this market.
EURNZD 1DWhich way is it going EURNZD?
As you can see, in the daily time frame, the price is on a downward trend and channel,We have seen a weakening of buyers of the euro against the New Zealand dollar in recent days.
That's why the price, which has once again reached the ceiling of the channel, we are witnessing stronger sales than the ceiling of the channel.
Therefore,According to Bank of New Zealand meetings this week if monetary policy does not change and The weakness of buyers over the past few days and the resurgence of sellers is expected to continue the next move to the bottom of the channel.
EURNZD 1DWhich way is it going EURNZD?
As you can see, in the daily time frame, the price is on a downward trend and channel,We have seen a weakening of buyers of the euro against the New Zealand dollar in recent days.
That's why the price, which has once again reached the ceiling of the channel, we are witnessing stronger sales than the ceiling of the channel.
Therefore,According to Bank of New Zealand meetings this week if monetary policy does not change and The weakness of buyers over the past few days and the resurgence of sellers is expected to continue the next move to the bottom of the channel.
Bit still in bullish trend!Further to the low interest of Central Banks around the world and due to the fact of highest momentum ever for last 6 months, BTC is in the first option of saving wallet for even Liquidity Providers globally. However, this momentum and hopes for economy recovery, shaped a big fear that "How much percentage to be left for it?!"
Looking deeply thought the 4H chart lead us to be more confident regarding this movement at least up to $55k for the short time.
Gold rolling down on dollar positive SentimentFurther to the positive news on new administration in white house in terms of Vaccination plan, Stimulus and employment; USD is gaining and recovering the lose and bringing hope for investor to again counting on the most valuable currency in the world. Therefore, Gold is in the long term down trend channel which was already predicted in previous ideas.
Follow us for more Gold ideas.
Gold Rally with strong momentum! After weeks of dollar gain in market, by confirming new administration in US and hopes for stimulus by new treasury secretory in White house, dollar started weakening since Wednesday and Gold with other valuable metals went on a high momentum rally after that. This rally crossed $1850 resistance zone and then passing long term down trend to move forward through $1900 resistance zone. Traders know that high momentum mostly will ended up with cycle change. Therefore better to wait to see the reaction after touching next resistance zone.
Why one cannot be completely bullish or completely bearish? Why one cannot be completely bullish or completely bearish?
The stock market consists of two major players. Some people are long traders they bet the stock price will go higher. They buy low and sell at a high price to make a profit. Some long traders buy the stock at a high price and sell at an even higher price. Some long traders look for bargain stocks.
Some other people bet the stock price will go lower. They are short-sellers. They don't own the stock initially, but they borrow the stocks from the stockbrokers and sell the stocks from a high price, then when the price drop they repurchase the stocks back at the lower price, return what they initially borrowed with interest back to the stockbrokers, and then profit the price difference.
We can interpret the security market as a continuous tug of war game between the long traders and short traders. Sometimes one side will win the game, and in that situation, the price will advance higher or lower. Sometimes one side will gain strength that means the price will speed up and advance faster. Sometimes one side will win, but then go in the opposite direction temporarily and that is a correction. Sometimes one side will win but will lose strength completely and reverse direction completely. Due to the rapid changes in the security market, one trader cannot be 100% bullish or 100% bearish.
Therefore, a market opinion may be "I am 70% bearish, and 30% bullish." That simply means that I am 70% confident that the price will go lower, but I reserve 30% market opinion that the price may hit a bottom and may reverse direction and go higher as the market story develops. When that happens, I am ready to liquidate my short position and willing to participate in the opposite direction or stay on the sideline.
Thank you for reading!
Greenfield
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Disclosure: Chart interpreted by Greenfield. Just a market opinion by Greenfield Analysis LLC for only educational purposes. This is not a recommendation. Greenfield Analysis LLC has no investment in any of the securities mentioned in the article, and no plan to initiate a trade in any of the securities mentioned. Greenfield does not receive any compensation for this writing. Investment involves substantial risk. You should consider carefully before making an investment. Investment at your own risk.
Will the daily downward trend of gold be broken ?!Due to two similar Movements in recent weeks, the price has approached the ceiling of the Downtrend channel and we expect to see the descending for Gold against the Dollar by any positive news near the New Year.
Of course, we know that the negative news and statistics of Pandemic continue and the stimulus has already left its effects on the market. Therefore, if there is no positive news from the United States (such as the decline in the Pandemic rate), the dollar may continue to weaken against gold.
Gold is still in a downward trend?!In recent weeks and months after the historic peak of gold prices in last August, the precious metal seems to be in a long-term downward trend. Although this been accompanied by the decline of the dollar index, but attention to the eastern markets, as well as new valuable assets such as crypto, have prevented the price of Gold from rising further and in the long run the power of sellers has increased.
However, since last week, following the rise of the Covid_19 and the unfavorable statement of US Economy in employment statistics, the number of buyers has increased so far.
Therefore, we expect that with the confirmation of the Stimulus before the end of this week, Gold price will reach its peak in the range of $ 1900. But then, after hitting the upper edge of the downtrend channel, return to its descend cycle. However, no confirmation has yet been announced on the approval of the stimulus.
Gold bearish movement might be ended up soon?From last 2 weeks, Gold was is in a bearish movement in daily channel due to the Politic hopes and stimulus doubts which all were supporting dolor in the chart. But this movement is getting weaker and the stronger Gold demands showing up. Probably in the next coming days, we will be facing hopes on confirming stimulus and Biden support for Market development, which will raise the equity in market and will be against dolor value. However still we are facing the weakness in Gold and it may continue for a short time at least.
Another gain for this week!Further to my previous analysis, Gold kept falling till 1775 and we could gain 275pips more.
Cheers!
Gold still is following the bearish movement? Isn't? We had an strong bearish movement this week. Which guided us to be a Gold seller, but since yesterday morning the price reached to the 1800$ zone. This is a long term resistance and perhaps we will face bullish pullback even countable for long position in a day trading. But, the strong tendency of descent and the main cycle might not be changed in following days.
What do you think?
Wow! 400pips in a first day of the weekAs published before, Gold is in the bearish channel which heated the middle line. so cheers for those who followed us.
The Bearish daily channel seems more stronger!As the daily timeframe shows, gold entered a long-term bearish channel after hitting a record high above $2,000 ($2080) in August, trying to break the channel and create a cycle with pre #us_election tensions. However after dealing with the #Channel_boundry and with the positive and statistical news regarding the production of #vaccine against #covid_19, we saw the sellers with the stronger power. Meanwhile, the case of the US presidency seems to be closing, therefore the expectation of investors to return to the growing market could further increase the power of the #dollar against #gold.
Now it remains to be seen whether in its corrective move and after hitting the tense zone of $ 1890-1910, it will continue the strong #daily downtrend, or again the disappointing news of #Corona, pushing the market towards #risk_averse and buying gold against the dollar. Will it leads?!
Gold seems to be more valuable than dollar. Isn't it?Conservative Investors will not do much of Risk in this time! Means that Gold will be more valuable than investment for coming days when we don't know who will be the President of USA in 2020. Also Gold was already in the bullish rally which can be supported till 1910$ atleast.
GBPNZD keep slipping against the Trend line?!When crossed the bullish trend line, continued the slipping till the last week ended and jumped to the below center line of the bullish channel.
Seems that supply is more stranger than demands and sellers imposed their power in the market. If the situation remains the same, GBP will drop till the down side channel line or even more. Unless this week starts with the news supporting pound price.
