EURUSD Likely Headed Towards 1.17000Recently, the price of EURUSD completed a decisive bullish rebound. This was exemplified by the emergence of a Falling Wedge, a classic trend reversal pattern, at the bottom of the previous downtrend.
The price action went on to consolidate in a range between the 23.6 per cent Fibonacci retracement level at 1.16153 and the 38.2 per cent Fibonacci at 1.16716 afterwards. The strength of the range's lower limit is underpinned by the crossover between the 100-day MA (in blue) and 50-day MA (in green). Meanwhile, the 200-day MA (in orange) is currently converging with the range's upper border.
The next target for the uptrend seems to be the 1.17000 threshold.
Rebound
BBL|Q321 +73%YOY|Sideway Up Crossing EMA400 |TP 130 SL 120BBL Sideway up crossing EMA400 - Long Run Trend Buy Position | 2nd Target Price 140 (Int. Elliot Wave 3 position Fibo 1.618)
> 1st Target Price 130 (Fibo 1.0) Aggressive Stop Loss 120 (EMA10)
> Risk ratio 3.2
>Strong Q321 performance +73%YOY +36%QOQ www.thunhoon.com
> Continuous Big Lot volume support
> BBD banker chip positive signal
> 1st Top Buy NVDR Value
> Uptrend channel of trade
> Strong buy signal SUPERTREND & CDC ACTIONZONE BUY RIBBON
Double Bottom on the EURGBPThe price action is displaying early signs of a potential bullish reversal, following the publication of the UK inflation numbers for September earlier today.
The MACD indicator is underpinning mounting bullish momentum while the price action appears to have already bottomed out at the major support level at 0.84250.
The first major test for the likely new uptrend would be at the 0.84600 resistance, which underscores the upper limit of the Double Bottom pattern and coincides with the Ichimoku Cloud.
EURCHF Due for a Bullish Pullback The price action of the EURCHF is currently consolidating above the previous swing low at 1.07000, which represents an early indication that the market may be due for a bullish correction. Moreover, the price action completed a Descending Wedge, which is a type of pattern that, when found near the bottom of a downtrend, signifies a likely bullish reversal.
If the price action manages to penetrate above the 20-day MA (in red), it would be then able to attempt rallying towards the 23.6 per cent Fibonacci retracement level at 1.07575, which is currently being crossed by the 50-day MA (in green). This makes it an even more prominent resistance level.
The next bullish target is represented by the 38.2 per cent Fibonacci at 1.07920, which, in turn, is currently converging with the 100-day MA (in blue).
A 456 day bubble corrected to -84%, an air of Déjà Vu !!This is the synthesis of my previous publications!
Here are all the common points between:
- the Ultimate Dip of January 14, 2015 ($ 160)
- and the last known Dip of December 15, 2018 ($ 3200)
-85% retracement from ATH $ 1175>160, same as $ 19930>3200
-45% retracement since the previous ATL $ 250>160, same $ 5775>3200
455 days since takeoff at $ 160>160, same as $ 3200>3200
Rebounding below 78.6% Fibo to $ 160, same to $ 3200
with rebound on MA200 to $ 160, same as $ 3200
with rebound of RSI14 < 30 to $ 160, same as $ 3200
At the crossroads of level 4 support
with 2x1 fan resistance
on the GANN Square at $ 160, same $ 3200
See related ideas for more details on these indicators ;)
CAUTION: This is not an investment advice
Do not follow any "prophet", invest only what you are willing to lose
LYV Long. Covid news related positive sectors breakoutLive Nation Entertainment
Live Nation Entertainment, Inc. is an entertainment company, which engages in producing, marketing and selling live concerts for artists via global concert pipe. It operates through the following segments: Concerts, Sponsorship & Advertising and Ticketing. The Concerts segment involves in the promotion of live music events in owned or operated and in rented third-party venues. The Sponsorship and Advertising segment offers sales force that creates and maintains relationships with sponsors through a combination of international, national, and local opportunities that allow businesses to reach customers through concerts, venue, festivals and ticketing assets, including advertising on websites. The Ticketing segment includes selling of tickets for events on behalf of clients and retains a fee, or service charge for these services. The company was founded in 1996 and is headquartered in Beverly Hills, CA.
Average Analyst Price Target : $101 : Moderate Buy
Hedge Fund Trend: ▼ Hedge Funds Decreased Holdings by 6.2M Shares Last Quarter
News Sentiment : Neutral
Technicals : Positive
With the news of the pills from Merck showing signs of low hospitalization cases and deaths in the trials, most of the sectors/stocks that were beaten down with economy slowdown/closures like casinos. gamings, airlines and cruise liners saw a surge of investor interest. Most stocks in these sectors tested and broke through important resistance zones. With sector rotation that seems to happening in the broader indices, these sectors may well see a rally for sometime and news related moves are expected.
Overall price action on both Daily and Weekly candles looks great and back with the bulls. I would like to buy the dips and long stock as long as price remains outside the band on Daily candle close basis.
AUD-CAD Will Go Up From Support! Buy!
Hello,Traders!
AUD-CAD is falling and is set to retest
The horizontal support level below
That also confluences with the falling support level
So I am locally bullish on the pair
And I think that after the retest
We will see a local rebound
Sell!
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✅NZD_USD IMPORTANT SUPPORT NEARBY|LONG🚀
✅NZD_USD is making a pullback from the falling resistance
Just as I predicted in my previous analysis on NZD_USD
And the pair seems to be in the free-fall
But the strong horizontal support is nearby
And I am expecting a rebound from the level
With the target that you can see on the chart
LONG🚀
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✅GBP_USD REBOUND AHEAD|LONG🚀
✅GBP_USD is has fallen sharply today
But the pair has reached a confluence
Of the support levels
Which gives us grounds to expect a local rebound
However, both support levels area weak
So I would wait for a good confirmation
Before entering a position
LONG🚀
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✅USD_JPY LOCAL LONG🚀
✅USD_JPY is retesting a local horizontal support
And even though I happen find myself among the bears
When talking about the long term perspective
I think that there is a good chance to see a local rebound
From the support with the target being a local resistance above
LONG🚀
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AIRASIA set for a rebound?Currently having some form of resistance around the RM0.98 region, having able to surpass this, I believe MYX:AIRASIA has much room to move higher.
Targeting an initial area of RM1.50, then RM2.12 and further RM2.63 (lesser probability) IF the initial RM0.98 resistance area is broken.
These are just my views and in no way represent any buy/sell call or recommendation. Information shared are meant for educational purposes.
✅LITECOIN WILL GO UP FROM SUPPORT|LONG🚀
✅ LITECOIN is trading close to the strong support
And as I am bullish on the pair
I think that once we see a retest of the level
A rebound will follow and the price
Will at least retest the horizontal resistance above
While if we see a bullish breakout
LTC will keep going higher!
LONG🚀
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JNJ Ready to Continue Rising HigherThe share price of Johnson and Johnson looks ready to rebound from the major resistance-turned-support area, underpinned by the 23.6 per cent Fibonacci retracement level at 175.61, and resume climbing.
The underlying uptrend appears to be taking the form of a 1-5 impulse wave pattern, as postulated by the Elliott Wave Theory. Thus, the recent correction can be perceived as the second retracement leg (3-4). If the price action strengthens above the 23.6 per cent Fibonacci, this would allow for the subsequent emergence of the final impulse leg (4-5).
If, however, the correction breaks down below the lower limit of the support, underpinned by the 100-day MA (in blue), this would likely mean that it could then be extended lower towards the 38.2 per cent Fibonacci.
EUR-NZD Will Go Up! Buy!
Hello,Traders!
EUR-NZD is falling from the resistance
Towards the horizontal support
And soon the pair will retest the level
From where I am expecting a rebound
And a move up towards mid-range prices
Buy!
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Roku: Trend Change LookoutRoku has touched the crucial $340 support zone and seeing a trend change to upside with an inverse hammer followed by a green candle. Selling pressure is slowing down as well. In technical short term, potential upside from $340 to $370/380. Also Roku has just rebounded above swap at $345.58. With a good momentum, could see a nice push upside rebound with RSI rebounded above 30.
CAD-JPY Will Go UP! Buy!
Hello,Traders!
CAD-JPY is retesting a horizontal support
And even though the pair is bearish
And the higher timeframes are drawing
Something suspiciously resembling H&S
I believe that a local rebound is likely
Especially given that SL here is so tight
Buy!
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