Hi, The FX:EURAUD its very interesting in my opinion at the moment. In the long term we have a trend line which the EURAUD its fighting right now which means that if it breaks, it will give extra pressure for the shorting side. On the Daily chart looks like we have a possible H&S formation which we re-tested the neckline yesterday and today we are breaking to...
excuse the late post, but there are CAD interest rate projection talks which are running in play, I suspected that rates would remain the same due to the global slowdown currently going on. From a technical perspective, a 3rd drive could be made as a new lower high around the 1.3200 region in which is confluence with the 61.8% fib and the trendline.
anticipating this move right now, price is still consolidating within the 135.50-137.00 region, however seeing the longer timeframes on the weekly there has been two consecutive Doji candles insinuating that sellers have taken profits, and the market is now accumulating money to reverse. Am expecting the price to pull back towards the trendline, around the...
the weekly candle closed below the 108.000 key support level, huge selling pressure has definitely been present over the last couple weeks, the 107.000 could be a new lower low price region been respected, if we see further pin bars around this region, the price could retrace to the key weekly zone of 108.000 which is also in confluence with the trendline and fib...
price is testing the 137.00 4HR intraday area of resistance created by previous swing high if this area is sustained, seen by the spinning top which was formed on the 1Hr candle, we could pull back and retest the Weekly trendline, this is also in confluence with the 4hr trendline acting as support, then we can expect a more imminent drive towards the 138.00 key level.
the previous weekly candle closed as a bearish engulfing candle, the sentiment still remains uncertain and pessimistic around the sterling currency, however, price is rallying towards a key dynamic area of support in which we previously saw some institutional demand, the psychological level is also in alignment with the key W trendline acting as support. This...
BMW entered a bullish trend back in 13 May 2016, when it paid the dividend of 2016. Yesterday was at minimums of 2013 if we do not take into account Brexit effect on 2016. Today is the day before the ex-dividend date of 2019 and it offers a dividend yield of 5.12%. Nonetheless, it's worth reminding that BMW's 2018 Earnings where -16.9% YoY so in case you happen to...
Graph speak for itself. Gradually buy in while price in the green box.
Graph speak for itself. Gradually buy in while price is in the green box.
I believe the move we saw today was the first move in a new trend that will lead Bitcoin to test support in the 4.2k zone over the coming weeks. I'm expecting a consolidation in this range before another leg down.
Hi, all the original video didn't seem to publish so I have redone it. Heres a video summary... XPT has been giving me the eyes from across the bar all night... However, I am sitting on my hands patiently waiting for absolute confirmation before striking. These sensational charts are suggesting to me we are approaching a potential long term trend reversal!...
I don't believe so. Change my mind.
Going along with my take on the Dollar Index, we can expect the DXY to sell, therefore causing this pair to sell as the dollar weakens. We can see that price has broken this trend and has failed the retest, thus becoming a confirmation to sell.
There seems to be a divergence on the daily time frame as a lower low has been formed, but is not reflected in the RSI as can be seen below. Therefore it may be a possible trend reversal
This week Bitcoin has reached the long-term support, that is 78.6% Fibonacci retracement level at $4387. At the same time it reached the bottom of the descending triangle, and almost tested the 200 Moving Average. Fibonacci, applied to the correctional wave up after breaking the uptrend trendline, is pointing on the $4050 level, that is a 161.8% retracement....
Yesterday EOS has been trading near $5.4, where it formed the support. But today it has experienced a fast decline, and throughout the day lost over 7%. EOS/USD reached $5.05 low today and after small retracement is trading at $5.15. It seems that after the fast price drop, there won’t be a fast recovery, especially after price broke below the descending channel....
Komodo is a blockchain platform for creating decentralized applications. Some call it a “Blockchain 3.0”, while Bitcoin considered 1.0 version and Ethereum is 2.0. KMD is referred to as the next generation blockchain as its’ capabilities are far beyond of those offered by BTC and ETH. Comparing to the Bitcoin, Komodo should be able to handle a lot more...
GBPJPY Sell opportunity Bearish Gartley forming up on the Daily chart Good luck!!!!!!