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Retest

💱EURUSD - A retest of support will lead to a breakout EURUSD will weaken further. The reason for this is further strengthening of the dollar. News from the FOMC suggests further decline in the currency pair TA on the high timeframe: 1) The market is testing the support at 1.0635 2) The third retest is formed after 4 days - high chance of further support breakout TA on the low timeframe: 1) The descending price channel continues to form 2) False breakout this morning may give a small correction to 1.06750 before further support breakout 3) EUR support at 1.06350 could break quite quickly amid a weak market. A sell signal would be price consolidation below the level Key resistance 📈: 1.0675, 1.0707 Key support 📉: 1.0635
Short
by AndeWave
10
Big accumulating for Massive Move??? Weekly Chart 455 days that is accumulating phase until now Doge's touched 3 times and bounced back from support Daily Chart Zoom out to easily this accumulating phase Chart 4H TF Now, Doge is trading around 0.0616x BINANCE:DOGEUSDT has resistance zone around 0.0667 and support around 0.0575 if Doge's downed If BINANCE:DOGEUSDT can break and close above resistance, I expect Doge will go up 0.08 Otherwise, Doge's downed...0.03 is support Time will tell
Long
by trieutv
SP500 terminal pattern and what I'm looking at.Here's what I'm looking at. We're currently finding support around the 4440 area along with the 50 day EMA. This recent pull back (last week) was on lower than average volume with the price closing off lows. The recent green day's we've seen i.e. Friday, Monday and Today were on higher volume than the days we pulled back. This shows that there's buying demand around this area. Now, 4490 along with the upper white trend line will act as a confluence of resistance. Bullish Scenario We break above the 4490 area this week and hold above it on a daily closing basis. This will show buyers conviction and willing to push the market higher. If that happens, the 4540 area would be the next major resistance; and a break above that would be really bullish. Bearish Scenario We move higher towards the 4490 area only to find selling pressure and head lower. If that's the case I doubt 4440 would be able to hold as support and we may end up moving lower to the 4360 area as that would be the confluence of support by the lower trend line and that horizontal level. Tomorrows PPI numbers and Unemployment numbers will set the expectation and tone for the FED meeting in the following week. The pattern in the chart attached is a terminal pattern so we have until October 13th, 2023 to break out of it to either side. As always DYDD and be sure to manage your risk. Losing a small amount of your allocated capital is better than having that capital stuck in an under performing asset.
PEPPERSTONE:US500
by HaseebKhan_90