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Ranging

LTC Renko decending wedge shows potential bottom and priceLooking first to the left on this daily extending back, there isn't much left to the imagination on the left side. The real question is whether a higher low here will signal a breakout above the wedge. Whether this happens may depend on how much truth there is in the BTC parabola. It's not shown here, but if memory serves, if we range from this point for a couple of weeks, and if the market behaves as the parabola says it should, the tangent will raise the bottom for all coins regardless. Failing that, this wedge at least provides a view of a long term trend support which, though very low against expectations for this cycle, will likely, for what it's worth, remain unchallenged.
by latticephreak
XAUUSD at an interesting point of support on the Daily chartXAUUSD is at an interesting level of support on the Daily chart, we can see that gold was previously in a uptrend whereafter price moved lower after testing major resistance and made a lower low We can say that gold is no longer in a uptrend on the daily chart and expect gold to be trading in a range between it's previous Daily swing levels untill a new direction is confirmed On the Weekly chart we can see that gold was previously trending up and stopped making higher highs and went into consolidation whereafter price broke lower and made a new low We haven't confirmed a downtrend yet and can expect gold to be trading in a range between it's previous Weekly swing levels
OANDA:XAUUSD
by IG-Mofiiyah
EurUsdPrice has been ranging within a 200/250 pip range since mid October. Price broke out of the key 1.1500 area which has acted as major resistance for a while. Price broke this 1.1500 zone with a very bullish candle, a retest has occurred of the zone and I see more upside potential with this pair. I would like to see the next upside target of 1.1600 in the short term, and then I believe price has the potential again to move even higher to test the 1.1800 handle in the short/medium term.
Long
by mattmach
GbpJpy Definitely not for the faint hearted.The gbpyen has been consolidating for 3 weeks between 146.90 and 149.80 for 3 weeks. At the moment, this looks like an upmove consolidation of 360 pips so is this an upmove pop with a possible target of 153.40 and 156 in the making? Guess this is why it is called the "BEAST". Definitely not for the fainthearted. ahhaha But directionally, this is Revelation Trading's bias as of now. No high is too high and no low is ever too low. As usual trade with our eyes open.
by revelationtrading
EURUSD Looking For Direction To Trend. The 2 Possible Scenarios!Looking at the Monthly charts, it was already evident that the long term trendline at around the 1.23000 level was rejected for the 4th time and in the process to conform the break to the further downside, this pair formed a H & S PATTERN evident on the weekly charts. However you might be asking why is the pair not trending down as its suppose to and instead flirting with the major crucial levels? The answer can be very complex for the beginners as the market is not only soley directed by the technical analysis but also the sentiment and the fundamental factors! On the technical terms the pair seems to be favored to break to the downside. It must be noted that the neckline of the H & S was broken a few weeks back and retested as well, however the crucial support that lies just beneath the neckline also needs to break in order for this pair to trend down. So this said, the main driver of this pair according to my own view rests on in the hand of the FED as the expectations of rate hike four times this year seems to be in the balance. Fundamental factors have been so important in driving this pair in recent years, and if the FED keeps on track to raise rates 4 times this year then the pair is highly likely to break to the downside, in other turn of events should the FED fail to raise the rates as expected this year then the pair might break the wedge and head up! The long term fate of this pair is tied up in the hands of the FED as we approach the end of the year it must be noted to carefully observe what the FED plans and from here on then a follow up technical analysis can be done. For now the pair will likely to keep ranging until certain fundamental factors come in to play! Thanks for reading. please follow me if you like my analysis. If there are any signals pertaining to this thread i will repost again. This is just my personal analysis and i will keep monitoring this pair closely
by FX618Analysis
EURGBP struggling to breakoutThe price seems to have managed to breakout the channel, but is now struggling to make any further gains, the previously broken resistance has been tested twice now and if the price level holds then it seems like the price could be getting ready to make some bullish gains. I believe this is just a period of consolidation and the price is going to soon gain momentum, it looks like it is likely that the price would make further gains, rather than falling at this level. Once the price has broken out the range it is likely we would see an increase in momentum. I would update this idea once a breakout occurs.
by JohnnyPurtoy98
EURUSD broken out the channelThe price has managed to finally break out the channel, the price has broken out the support level of the channel and has moved all the way down to a very strong support level. The price did confirm the break of the channel by retesting the broken support level, which this time acted as a level of resistance. The price seems to have lost some of its momentum as it has approached the strong support level, also the RSI has been in an oversold position meaning it is very likely that the price may retrace a little before trying to test the support level once again. The price of this pair has also been hit with the impact of there not being a trade deal confirmed between the UK and the EU when UK leave on March 29th 2019. All this is negative for the EUR and it can be seen in the fall in price over the last couple of days. I will update this post if I see anymore signals, which may be able to help determine future price directions.
by JohnnyPurtoy98
AUDJPY Stuck in A Tight Weekly Range! Looking at the above Monthly charts, 4 consecutive DOJI candles have formed at a crucial support of 82.000 psychological level. It represents serious indecison among the BULLS AND BEARS fighting to take control of the situation. On the weekly chart venturing deep, it can be seen that the price has been confined in a long term triangle that has been held on many occasions. Currently the price is testing the lower end of that triangle and as seen from the chart it has been stuck in a tight range over a period of numerous weeks. Personally trading this pair at the moment is a very tricky scenario and i would rather wait for the price to start trending again either by violating the lower trend line of going up. For the price to start trending it has to break the weekly range that has been forming. Although range trading can be good but in this case the range is very tight and it will not favor the risk to reward ratio, so its safe to say its better to be patient on this pair. IF YOU LIKE MY ANALYSIS HELP ME WITH A LIKE AND FOLLOW ME FOR MORE IN DEPTH ANALYSIS AND SIGNALS
by FX618Analysis