Sentimentalanalysis
ETH will reach to 1800$?Further to our previous idea, Ether crossed the bearish channel and now the bullish trend is shaped. We assume due to the uncertain market for Dollar, this might reach to the first target at 1700$ zone. Then probably moving to the next target at 1800$.
Binance ready to refuelThe power of politicians to crack down on currency cryptocurrencies is no greater
#USDCADThe pair is still in a downtrend and will probably decline to the bottom of the channel due to the oil price rally and crossing the short-term range. After that, if Dollar strengthens, buyers expect the price to reach to the upper edge of the channel. Meanwhile, the 4-hours trend line will show not much strong resistance.
Gold still in negative sentimentHowever Gold started last week with bearish move, but tried to do some correction until the tension zone between $1780-$1790
This bearish intend might continue due to the hope of more support from new US administration for economy recovery and also having more liquidity in Coins these days. Therefore highly recommended to traders look for short to trigger in this market.
GBPAUDAs we can see, GBPAUD is in a downtrend and reaching the support zone ahead will not be far from mind
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.
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.
Bitcoin soarsFollowing the bitcoin-based ETF fund news in the Toronto Stock Market, the market sentiment for bitcoin is very positive.
Right now, bitcoin is in the uptrend channel, which due to the reluctance of selling this asset by its owners, a strong upward move -to the target of 65 thousand and 70 thousand dollars- could be expected .
market sentiment is PositiveAccording to the Bitcoin-based ETF fund news, the market sentiment for cryptocurrencies is extremely positive.
Teron is in the uptrend channel. It is expected that the weak retracement would be would be followed by a strong upward movement.
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.
Gold rolling down on dollar positive SentimentFurther to the positive news on new administration in white house in terms of Vaccination plan, Stimulus and employment; USD is gaining and recovering the lose and bringing hope for investor to again counting on the most valuable currency in the world. Therefore, Gold is in the long term down trend channel which was already predicted in previous ideas.
Follow us for more Gold ideas.
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.
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.
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.
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.
Another gain for this week!Further to my previous analysis, Gold kept falling till 1775 and we could gain 275pips more.
Cheers!
