Technical
GBP/JPY Outlook (4 April 2022)Overall, GBP/JPY is ranging between 160.00 and 161.00 (retracing and consolidating after reaching 164.20)
Beware for a possible head & shoulder formation setup, but if the GBP/JPY holds above 161.40 look for short term buying opportunities towards 164.20.
GBP/JPY next support zone is at 160.00.
EUR/JPY Outlook (4 April 2022)Overall, EUR/JPY has been trending up and across.
Currently, EUR/JPY was resisted at 137.00 and retraced back to 135.45
As EUR/JPY is consolidating at this 135.45 level, its next support zone is at 134.00 and the next resistance zone is at 137.00.
Look for short-term buying opportunities of EUR/JPY as it moves towards the resistance of 137.00.
USD/JPY (4 April 2022)Overall, USD/JPY is trending upwards, reaching historic key level of close to 125.00. But despite this upward move, USD/JPY has retraced and is currently at 122.50
This was partly a result of the the Bank of Japan indicating unlimited buying of 10yr JGBs at 0.25% over 4 days and some level of peace talks over the ongoing Russia-Ukraine war.
USD/JPY’s next support zone is at 121.70 and the next resistance zone is at 123.23 and 125.00.
Look for short-term selling opportunities of USD/JPY back towards support level.
NZD/USD Outlook (4 April 2022) Overall, NZD/USD have been trending upwards. With recent retracement and consolidation at the 0.6900 zone.
Currently, NZD/USD is likely to trade up towards key level of 0.70. Its next support zone is at 0.6900 and the next resistance zone is at 0.70 and 0.7100.
Look for short-term buying opportunities of NZD/USD if it breaks above 0.6950.
AUD/USD Outlook (4 April 2022)Overall, AUD/USD have been trending upwards. Recently, AUD/USD consolidating at the resistance zone of 0.7500.
The Reserve Bank of Australia rate decision to be released on Tuesday (5th April), with expectation for no rate increase at this meeting. However, with Australian economy picking up, rate increases is expected for later in the year.
With a bullish pennant pattern forming, look for short term buying opportunities of AUD/USD if it breaks above the resistance level of 0.7500. Next resistance zone is at 0.7650.
can bitcoin break the green dynamic resistance or double top!?Bitcoin has hit the dynamic resistance of the green line area.. so its very important to break this area
technical and fundamental for GoldHello friends, according to the following, we have the possibility of a downward movement in gold
Gold continued its movement in a descending triangle for 4 hours in a time frame. It also has a support line, which will break the line up to the support line of the triangle.
With the market focusing on ceasefire talks and the Federal Reserve becoming more hawkish, Wall Street has fallen below gold, and eyes are fixed on the $ 1,900 resistance.
Given the possible progress in the ceasefire talks between Russia and Ukraine, some market analysts have found a downward trend and expect the price of gold to fall next week.
The results of the latest Kitco Gold Weekly Survey show that most Wall Street analysts are currently downtrending on the precious metal. Although small investors are still optimistic about gold in the short term, sentiment has fallen sharply from the previous week.
#DOGECOIN OVER 72% RUN TO COME?!!!According to technicals, $DOGE is currently setup to climb over 72% to reach the target at $0.262 and there is nothing in the way of this besides time. With #Dogecoin's breakout in late March, this target became in play and only time may be in the way of it being met. Strap in as there may be much to come for BITFINEX:DOGEUSD ...
Ethereum is Facing Tough Resistance at $3500 Ethereum is Facing Tough Resistance at $3500, on the upside it remain successful to break the $3500 mark then soon we will see it at $4K
SOL is Ready to Make Another Bull Move SOL is Ready to Make Another Bull Move, but for a good entry wait for the price to come back to the buying area.
BTC Ready to visit $52K Let's Ride Bitcoin is trading above $46K and holding its grounds on the strong footing, the technical are pointing towards $52K as next target.
Btc will go up for next 4 days I draw a new pitchfork, actually an uptrend pitchfork as you can see, some red and green points too, channels are legit, and we are on a critical point today; that's possible we lose blue Channel to lower one or price stay between that. Blackline proves to us there is strong support is there!
I believe we have two more green candles, but out your stop loss tide.
AUDUSD [Return To Fair Value Area]Good evening, it seems that the AUD is grinding against the Dollar and will inevitably return to the fair value area that it had maintained for some time before the bearish cycle that got cut off early.
The reason for this is the increasing uncertainty about the degree in rate hikes for the Dollar, the increasing problem of inflation for the Dollar, and the risk on sentiments churning underneath the hood all of which contribute to the bullish scenario we have been seeing the AUD experience against the dollar.
The technicals seem to indicate exhaustion, but in my opinion, this is simply accumulation prior to the big move in my humble opinion.
The bulls seem to be holding the break of its prior bullish channel on the upside quite well, as they'd need a quite strong bullish move to establish the AUDUSD within proximity of its past fair value area. Now, this is only speculation and not financial advice... but I personally will be going long on the AUDUSD, will give an update on the outcome of the play. God bless, trade safe.
EURUSD analysisLooking for EurUsd to take the lows. Based on the analysis of DXY I think EU is going to be bearish these days
UPDATED BUY SIGNALOn March 16th I said I recommended to start buying in Bitcoin, Dogecoin and Ethereum. I said Bitcoin would have resistance around 47000 but I still believe with a target of 52000 and with Dogecoin said .17 to .22 and we have hit that with resistance at .145 but other than a little resistance at .17 there is nothing to stop .22...I am using the day charts this write up...
There is really nothing different in the economic situation accept the budge was submitted and it is dead on arrival... Ukraine they don't seem to want to win , afraid of Putin and that is sad....
Now the 1st quarter is coming to an end and I look for institutions that miss the run from 37000 to 47000 will be shifting there portfolios because they don't like to be on the loosing side... Both Goldman Sachs and Blackrock the largest institutional holder now have cryptocurrency on the websites...
So I look for a good 2nd quarter and are target will stay in place and as always this is only a recommendation of our view point and not telling anyone to buy or sell..good luck and smart investing to all and thank you for all following us ...............................
