Will keep monitoring the price action around the ATH at 151.50 for a potential bear reversal, likely to happen this week. Now it's time to sit tight and just wait for the market to give us a clearer signal of what is going to happen given the very strong bull bias from last week.
Another JPY pair nearing a strong weekly resistance, near its 2014 levels. Not an ATH as it hit higher levels between 2006 and 2008, but a significant one to watch. It is likely that this week the daily timeframe will give us a clearer indication of where it's heading.
FX:NZDCHF is near a very significant daily support. Wil be watching the price action around 0.55230. If there is a daily close below that level, next level to watch is the ATL of march 2020 around 0.52870.
EURUSD has given us a false break above an ascending pendant, indicating potential significant further move downwards, but is currently stuck between two very significant support and resistance levels. With the current fundamentals and potential for very heavy movements given upcoming news this week, will watch and see. If the price breaks below support at...
FX:USDCHF broke long term trendline support with previous touches in Jan 2015 and Jan 2021 in the weekly timeframe. It seems to be heading to a retest of that trendline (watch daily and 4H charts). If it tests and price action gives a bearish pattern in the 4H or daily, it should continue its downward trend towards 0.87560 and potentially 0.83612. If it...
Amazon historically has been respecting my resistance zone. If the price is able to break above $3.2k once more in the near future I believe we are going to see buyers test the resistance zone once more. On the other hand, the price may choose to drop back down to $2.6k-$2.8k range. If this occurs and price continues to drop within the supply zone I believe there...
The pair has created a divergence with MACD, now price broke 50 sma in h4 chart and is aboove a falling wedge, this situation usually leads to a slow reverse, we have to keep our eyes on h4 and h1 timeframes before planning a long trade, pay attention to those red levels, they are the so called liquidity pool (look how strongly the price reacted to them even in...
The pair is testing the support of the rectangle (it was prevoiusly a resistance), wait the close of the candle of today, if it is above 0.9180 you can buy and set 0.945 as a target for the Wave 5 whereas if the price closes below that level it is better to wait for a reversal signal in h4 and h1 charts, an important level is 0.9145 which is the 61.8% fibonacci of...
The pair is in a rectangle, we can see a strong rsi divergence which may suggest a possible upside breakout, the Cable needs to close an h4 candle above 1.2780 in order to validate it. in daily chart it s been formed the C wave (retracement from 1.30 to 1.2765) and now there should be a new wave 1 towards 1.30. If the price closes under 1.275 you can open a sell...
candle almost touch the bottom structure, observe around that to find the next possibility movement. Be patient, wait and see untill the signals is come and valid for long or short
I thought yesterdays action or pre-market today would be enough momo to break through and challenge the high resistance. However, we may see it just pin to the Dec. & Jan. support line until earnings after close tomorrow. Good Luck!
SPOT: TITAN TREND FOR COMING SESSIONS BUY ABOVE 1254 SL 1230, TGT 1285 AS LONG AS TITAN HOLDING 1245-1230, IT'S GOOD FOR UPWARD MOVE FAILING TO MAINTAIN 1245-1230, SHORTS WILL OPEN WHICH COULD DRAG STOCK TO 1195,1170 LEVELS
BULLISH SCENARIO - As the S&P500 failed to break below the neckline of a Head & Shoulder pattern, therefore the next bullish move will be to see if it closes above the next major Daily resistance of 2639.1 which price attempted to close above this level 3 times in the 6 days. If it closes above that level it will complete a series of Higher High and a Higher Low...
#Analisa GBPUSD Netral Ada signal berakhir berish trend tapi belum ada tanda2 untuk secondary trend, saran tunggu MA Crossing Selengkapnya bisa dilihat pada chart Jangan lupa untuk share ke rekan traders yang lain untuk saling berbagi analisa dan pandangan terhadap pasar. Tradevelling Trading jalan, kita jalan jalan Disclaimer tanggung jawab di serahkan kepada...
SPY Not much explanation needed if you saw my last SPY post (attached). Welp, i'm thinking the area marked on the chart is the next test area between tomorrow and next Friday, depending on how it gets on up there. Not saying I'm going short there, just going to reevaluate if we reach that level, which was former uptrend support line lost, should act as resistance...
SPLK Shown is the lifetime channel of SPLK Splunk. As shown in the chart, it has been bouncing around near the channesl resistance for some time, and without in any way breaking its pattern could see the Mid 60's-70's. This represents a 40% drop. However, a catch on the uptrend support line and ride back up to the channel resistance represents about a 35% gain....
NYSE:HSY HSY has reached the resistance trend line in its current channel. That doesn't mean it HAS to go down now, it could very well bust through, or chop around just below for a bit. The Stochastic indicator is pegged out at 100 on the monthly, but can easily ride there for months to come. The daily and weekly Stochastic still has room either way. If it gets...
Looks there's been a new trend-line established. DGB is a great coin, cheap right now. Seems like there are small spikes now and then, this I believe are the whales accumulating this coin. The spikes seem to come back down after the initial upwards movement, but a new floor is set every time. This of course has only happened recently as of late, and we should...