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Zones

AUDUSD trend continuation The AUDUSD is currently in an upward trend. You can see this on the 2 black trend lines. These created an ascending triangle, which is very useful for our analysis. Several zones have been signed in the chart. As you can see, 4H resistance zones have been drawn. These zones can have a major impact on the price. The 1H zones are support zones that are currently being tested. The blue trend line indicates the daily trend. If the price would move in this direction, I will add a new daily analysis. Expectations: I expect the AUDUSD to keep up its upward movement. Zone 1 and zone 2 have been signed in the chart. When the price leaves zone 1, the price will make a more lateral movement in zone 2. I expect the trend to persist at least until the first 4H resistance zone. If this is broken, our next TP will be the other 4H resistance zone. Hope you like my idea and analysis of this chart. I will provide updates on the analysis in the future.
Long
by JvdB99
USDCAD respected trendline The USDCAD has made a big downward movement in the last days. This allows us to establish that a new trend has arisen. I expect this trend to last for a longer time. As you can see, a trend line (black) has been drawn. This trend line has been hit once. So this is the moment when the trend line can be confirmed or can be canceled. Different zones have also been drawn. The zones in combination with the trend line give an indication that a downward movement is very possible. Because of this, I think the USDCAD will soon make a new downward movement.
Short
by JvdB99
Jan 15 - Bitcoin resistance/support levels & buy/sell zonesNew year and new dark, easier on the eyes, color-scheme. After some drops we're still seeing a lot of sideway action at these lowest levels. A new breakout situation might be ahead. Bullish reversals can only be confirmed when the 4k4 and 5k levels will be broken. However, we can also fall back to 3k1-3k levels and possible further down towards 2k7-2k5 levels. Less likely, beyond these levels we could drop as low as 1k9 and the 1k7/1k6 levels.
BITSTAMP:BTCUSD
by CommanderCrypto
GBPUSD to hit 1.24 again! The price of the GBPUSD is currently close to a resistance zone. This zone has been tested several times in the past. As you can see, I have drawn several zones. These zones have been tested several times, with the exception of the green major support zone. This is a point that has not been exceeded. When the price reaches this zone, a reversal will most likely arise. Trendline 1 is the support line. As you can see, this trendline is respected several times and is therefore an important part of our analysis. Trendline 2 is the resistance line. As you can see, this trendline is respected several times and this is also an important part of our analysis. The blue trendlines are an indication and these are not essential. I have divided the chart into 3 parts. as long as the price remains in zone 1 we have a strong downward movement. Should the price shift to zone 2, we will have a less strong market direction. Upon reaching zone 3, a new trend will arise. I do not expect that this will happen in the short term. Expectations: I expect that the GBPUSD will soon drop significantly with a possible fall to the 1.24 zone. I can not predict whether this will be via zone 1 or zone 2. As you can see, the rate is currently in a descending broadening wedge. I therefore expect that the downward movement will continue for a while. I think the small upward movement is short-lived and only a retracement of the trend. Fundamental: Currently there is chaos in GB. The English doubt whether the Brexit deal is a good idea and whether it should continue. Should the Brexit fail, this will have major consequences for Theresa May (Premier GB). This will make her position impossible and this will affect the GBP. By combining the technical and fundamental analysis I expect that the price of the GBPUSD will make a big downward movement in the long term.
Short
by JvdB99
EURUSD reach above 1.15000 The EURUSD is in an upward channel at the moment. This channel (black trend lines) took shape in the month of November and the price is still in this channel zone. As you can see, several zones have been drawn. These will be described below. - Target zone (green): This is the zone we want to reach to maximize our profits. This is a 4H timeframe zone. - Cur. resistance zone (red): This is the zone that has not yet been broken with conviction. This is an important daily timeframe zone! - Cur. support zone (orange): This is the zone that has lifted the price several times. That is why this is an important zone for our analysis. This is a 4H timeframe zone. - Major support zone (green): This is a zone that has not been exceeded since November. This is also a 4H timeframe zone. Expectations: I expect the EUR to rise against the USD currency. The price has already broken trendline 2 several times. This can be seen in the blue circles. Despite the breakthroughs, the price has recovered several times by returning to the channel again. This indicates to me that we are dealing with a market where the bulls are in charge. In addition, I believe the price will rise to the Current resistance zone. There it will make a retracement and make a new, stronger upward attempt. I'm thinking here of a breakthrough of the resistance zone. The pullback is possible at the breakthrough. When the breakthrough is confirmed, the price will move to the target zone.
Long
by JvdB99
1
USDCAD Continuation or trend reversal? Price of the USDCAD has been on an upward trend since October 1st. We have been able to use a nice clear trend line (black) that shows a good upward trend. This was only broken once, after which it was immediately corrected. Currently the price is in a Support/Resistance zone (orange). This zone is respected in: - November 2016 - December 2016 - March 2017 The S/R zone was exceeded once and reached the major resistance zone (red). It happened in the months of April and May. Because the price has increased considerably in the last days, I expect that a retracement will arise. There is also currently a fundamental panic around the American economy: - President Trump wants the resignation of FED chairman Jerome Powell. - Dow Jones has made a 7% decline last week. This was the worst week of the past 10 years. I believe this will have an impact in the USD currency. This in combination with the orange S/R zone is a good trading opportunity to make a profit. There are 2 possible situations: The first is that the price rises above the S/R zone because the dismissal has no major impact on the American economy. The second is that price drops so bad that the trend line breaks and a reversal trend arises. We will have to wait for Sunday evening to see the result. I expect a short gap at the opening of the market through this weekend news.
by JvdB99
1