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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.
BITSTAMP:ETHUSDLong
by phoenixTraders2020
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.
Long
by faridrahimi
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.
Long
by faridrahimi
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.
BITSTAMP:BTCUSD
by phoenixTraders2020
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.
TVC:GOLD
by phoenixTraders2020
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.
TVC:GOLD
by phoenixTraders2020
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.
TVC:GOLD
by phoenixTraders2020
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.
TVC:GOLD
by phoenixTraders2020