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Warm your brains and observe dataHello everyone In this scenario price at NZDUSD currency pair haven't confirm any fact, but it's good to have NZDUSD in our minds. This pair might be good for trading later, we just need more data, more facts, before we hit a button for buy/sell. At the moment NZDUSD currency pair is in bearish trending and bearish territory. One interesting thing at this pair is that bulls confirm lower low level at the last swing 0.67409 where they got stable and probably they're are not letting bears to get away so easily. This explanation is mean for 4H timeframe. If we are following price from very start where last territory started, we can see strong bearish movement where red zone is marked. Things got complicated ones bulls snap back from confirmed lower low area at 0.67409. Price eventually reach up to 0.68190 new resistance level (buyers H1 higher high level). And here we go, we have one bearish movement on H4 timeframe and bullish movement on H1 timeframe. Bullish movement is now also observed for H4 timeframe, because price broke 0.67878 resistance level which was important for H4 bears. To sum this up, I want to tell you price is headed downside with possible sideway trading or price is going to reach buyers H1 higher high second time. at 0.68190 level. This will cause rangging on h4 timeframe. If bulls can hold that position, we have to count in our analysis daily timeframe to. Anyway, if price can broke 0.67409 support level, bearish side will continue trending. Do not miss GBPCHF analysis.
by EliteFxAcademy
BTC bearish till ChristmasAfter today's dip, BTC hit as low as 41.6K. The shock perfectly matched with the time for cash-out before year's biggest holiday. The market is now even more unexpectable after what happened today and would take at least few more days to have an overall picture of the trend and do a proper technical analysis. However, as I thought, BTC might still has a way to go down to at least around 40K. My advice is to anticipate the market movement for few more days before actually start trading, but if you had already opened one, panic selling is not the way and buying the dip is always an option.
BITFINEX:BTCUSD
by Bilguun0112
1
AMC - price is correctingThe price is in a corrective area right now. It can retrace a bit more as marked on the chart. 2 Possibilities : 1. The correction can either be a triangle (in this case, we can see an upside soon). 2. The correction will unfold into a zig zag and we can see more downside, before the price will start to go up again. In this chart, the second possibility is presented. The Content is for informational purposes only. You should not construe any such information or other material as legal, tax, investment, financial, or other advice. Have a beautiful day! :)
NYSE:AMCShort
by YExplore