AGIX Long Term PredictionLooking at the daily chart of AGIX/USDT, the AGIX price was swinging from $0.04308 to $0.1207 within the past 30 days after going to its lowest of the month at $0.04308. Bouncing back from the support level, AGIX is now trading inside a bearish pennant. If AGIX tends to break out the upper trendline of the pennant, traders can take the long entry and hodl AGIX.
Meanwhile, our long-term AGIX price prediction for 2023 is bullish if it cannot break the support level. We can expect AGIX to reach $0.5395 this year.
It might be breaking its $0.14036 resistance 1 level and increasing to $0.16003.
If AGIX cannot break the $0.14036 resistance 1 level, the bears may seize control and dethrone AGIX to a downtrend stance. In simple terms, the price of AGIX might fall to almost $0.03714, indicating a negative signal from the previous support level.
Priceactiontrading
CADJPY: a SHORT TERM BUYHello, everybody and welcome to BIGPAPA Forex, today we are going to be analyzing the CADJPY pair, translating the market information by using a full technical analysis on different time frames, giving you a personal opinion about the next most likely market movement and helping you to spot and manage market opportunities
XAUUSD - Price Action - Today's Key Zones - NY SessionToday's potential trades for #XAUUSD
📈Potential Buys on close above 1879.555
📉Potential Sells on close below 1869.500
Both buys and sells are looking good today, if we can break out of this current zone.
For buys, price hasn't broke above this resistance since May 2022! If we get a break above and enough volume we have a very clean area for the price to run bullish up until around 1890.240, for around 80pips.
For sells, as you can see on the chart we have a nice clean area to the left where price can give us a bearish run, especially if we can get a clean closure and some volume below 1860,660.
Happy trading all and good luck!
Dollar Index (DXY): Is That a Bearish Setup 💲
Hey traders,
Dollar index is approaching a key structure.
The price formed a descending triangle on that on a daily time frame.
Wait for its neckline bearish breakout.
It will most likely push the index lower.
Daily candle close below 103.4 will confirm the breakout.
Alternatively, a bullish violation of a trend line may push the price higher.
Good luck!
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USDJPY D Chart PA - Targets and AOIsSo we keep going UP on the D UJ chart. I have marked some D AOI (area of interest) and STT (Short term target) above. Currently I see an area of interest above at the 4280-4300 area. Bull protection IMO is at the prev sell block attempt/failure marked and further at the important block lower. Both areas marked. For this week, I expect a continued charge toward target noted above. Lets see how the week moves after holiday. Expect nothing on Monday due to US Holiday. Pattern/ PA - we have a nice break of Spike and channel TL with new high in place.. by that analysis we can begin to head lower anytime. There are other TF reasons I am personally looking for that higher target.. we will see
Happy trading! -- ;) Doc
Who is in control??An important element of studying price action is often ignored, even though it is perhaps the most important one - at least for swing traders.
WHO IS IN CONTROL OF THE MARKET AT THIS TIME?
After all we all want to trade in the direction where the strength lies.
In this example of USDJPY, note how large the recent bullish candles are. This shows momentum lies with the bears.
Note also that these large candles close very near to the low of their range. This shows the lack of bulls.
Don't miss the fact that the pullbacks are quite shallow - another pointer.
See on the chart, the difference between the time taken by both sides to attain the same price points.
None of this is pointing to a possible trade right away, but it does help to point you in the direction where you should be looking.
Always use sound money and risk management and stay patient in all your trades.
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Overall Range Meanwhile Daily Bullish Monthly: Overall Ranging , Most recent two candles show that buyers are in control
Weekly: Overall Bearish, Price is Currently Retracing and may find resistance at current level.
Daily SETUP : Overall Bullish, Price has broken resistance, creating a CHOCH Confluence #1 , Found Support @ 38.2% (FIBONACCI) Confluence #2 , Price forms a Bullish Engulfing Pattern Confluence #3
** Price Must continue to Test Trend Line on Daily** Marked
Entry will be on H1: Price must Break LH (1) and Test New Found Support(2) ended with a Bullish Engulfing Candlestick Pattern (3)
Daily Targets Based off where price currently is (Disclaimer: These are TARGETS not Take Profits) **You take profits alone the way.**
A. 0.69384
B. 0.71175
Dow Jones Index (US30): Time For Pullback 📈
US30 dropped to a key daily structure support.
Analyzing a reaction of the price to that, I spotted a head & shoulders pattern on 1H.
Its neckline has just been broken.
I expect a pullback to 33000 / 33200
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GBPAUD: Your Trading Plan 🇬🇧🇦🇺
GBPAUD is trading within a wide horizontal trading range on 4H.
The price is currently coiling around its resistance.
To short with a confirmation, watch 1.8128 - 1.8166 area.
It is a neckline of a double top pattern.
We need a 4H candle close below that to confirm its breakout.
Short aggressively or on a retest then.
Goals will be 1.808 / 1.803
If the price sets a new high though, the setup will become invalid.
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eurusd , shortAfter hitting the ceiling of the descending channel , the euro-dollar entered correction and will move towards the ceiling of the channel after correction again.
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gbpusd, shortSimilar to the Eurodollar, the pound dollar will enter correction after hitting the ceiling of the descending channel and will move towards the ceiling of the channel after correction again.
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What symbol would you like me to analyze for you?
AUDJPY: Your Trading Plan 🇦🇺🇯🇵
Update for AUDJPY.
The price was nicely rejected from a resistance line of a falling parallel channel on a daily.
To short with a confirmation, pay close attention to 92.4 - 92.55 area.
It is a neckline of a head and shoulders pattern that I spotted on 4H.
Wait for its bearish breakout (4H candle close below), sell aggressively or on a retest then.
Goals will be 91.9 / 91.3
If the price sets a new high, the setup will become invalid.
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VUAA to make a pullback and provide new BUY opportunity?Based on historic PA we can see the clear trend (UP).
However with the current economic situation, covid, war etc... stocks are making pullbacks.
Price is currently rejecting top of the bearish channel and could go lower to the trendline, however if Fibonacci is to be respected (Price already rejecting 0.786 level that aligns with the top of the channel) we could see deeper pullback and Fibonacci target for sell -0.27 aligns perfectly with HIGH from the past.
Targets upon pullback are of course each HIGH.
I would like to see price touch the trendline to execute some buys and if we dive lover and respect Fibonacci I will execute buys there as well.
Short term bearish, long term bullish.
Please have in mind that this is WEEKLY chart and analysis is for long term perspective.
This is not a financial advice.