AUDCHF pulling back recently to a perfect 50% Fib replacement and with the Aussie still on the brakes with interest rate cuts, it makes sense to Long this as the chart is telling me everything I need to convince myself.
Cryptocurrency DOGEUSD has been firing lately & Fomo stung me today as I keep seeing this thing go higher. Similar to SOLANA today DOGEUSD has really broken out of its 3 month range. This is also stacked with the moving averages/ema's in their right spots and you will find that the 200EMA on Daily is below price where it needs to be for higher prices to follow.
SOLUSD in the Crypto space, in terms of daily volume it is rather shallowly traded in comparison to other big-Cap Cryptocurrency's, but its rumoured to be a front-runner during the Crypto breakout, which I believe has commenced (I better pinch myself so I don't forget). Up over 4% today Monday at time of writing during Asian session.
I think that Bitcoin will hit 100k before the end of the year. I am accumulating Crypto even as a CFD because I see the upside in the Bitcoin-price and that is still to play out, no doubt it will be when the price breakout point on the weekly charts for a Bitcoin bullish Cup and handle pattern that is 2 years old and should generate some volume and higher prices.
EURO zone held their interest rates on hold yesterday despite expectations of a rate cut for the zone. On the charts and there are 3; weekly, daily, 4hr. Weekly is a 38.2 fib price retracement to a buy zone and the continuation of higher prices. Daily chart is a recent bounce from a Buy order block triggering long bets for EURUSD. The 4HR chart is getting...
GBPAUD is retracing on the smaller timeframes right now, but last time I checked in the intraday charts it is moving upwards in price nicely. Buying pullback around 1.9445 and Stop loss 1.9415 should work okay.
On the daily timeframe the moving averages are setup in alignment and this trade is with the trend as the daily 200ema sits just below price. On the 4HR timeframe there was some bullish RSI divergence where the RSI made a higher high but the AUDCHF went lower. This should also cause a momentum shift upwards.
This pair has been quiet this week, which is why I think it will start running again today. USD CHF struggles a bit for longer term direction as technically price is below the the daily 200ema which of course presents a bearish scenario. What I also like about Long USDTHB is that you can see in the 30m chart its price action has recently exited a huge 30m...
The EUR normally flys in the clouds on this one but a recent change of fortunes and a short term rebound for the Turkish this last couple of weeks, I get the feeling that bookmakers-marketmakers do not like retail traders being long on the EUR, that is the feeling I get. we feel that she does not have the experience to handle this city on her own, the EUR is...
The USD JPY pair is sitting at the 200EMA, a reclaim of sorts and the DXY is looking very strong after being sub-$1 in recent months. On the daily chart for USD JPY, the very low EMAs have crossed bullishly with higher EMA's for example 9EMA cross-up on 200EMA very recently. This looks good to take off to higher prices.
Gold and Silver price(s) are above their 200 period moving averages and their continued uptrend seems reasonable to happen in the short to perhaps medium term, before a pullback correction kicks-into-gear for the precious metals. So far during Thursday and as the London session begins around this time, Gold is up about 0.3% and Silver is down about -0.3%, so...
As I now know that Cryptocurrency has broken upwards & out of its tight ranges, well for now at least as it's a very volatile beast, Crypto, & the whole lot of it; my focus has swapped to Gold and Silver prices and I see that both have upside potential of their own, especially during Tuesday Asian trading when I was watching both at the bottom of their 15m...
Silver Sold Off due to a Double Top and it found support about an hour ago but failed to really take-off probably due to all the buying on Crypto today. But at these levels for Silver following a recent 1.3% sell off due to this Double Top for Silver, it looks as though price is retracing back to higher higher prices.
73,000 or thereabouts is the breakout level of the weekly cup and handle which started forming way back in 2022. Now price is inside the last 10% to this neckline breakout point, and if this week, so far is any type of gauge, then its expected to get to this level of around 73,000 easily in under a week, or how about by this Friday. * Trading is risky. For...
It was not so long ago that Solana was priced below it's 200EMA on the daily chart. This changed at the weekend when SOLUSD bullishly exited a Triangle pattern and during Monday Asian session has broken out and up over 4%. Bitcoin in up about 2% in the Asian Monday session
RENUSD got up over 7% today. It is fast approaching it's 200EMA on a daily chart and currently sits at the 50EMA. I think many of these smaller cap Crypto's will take off once they are soon above their 200EMA and many are already. Disclosure: I already have a parcel of CFD's in RENUSD. What exactly is RENUSD? From coinmarketcap.com see below. Ren (REN)...
You can see on the 15M chart where Gold found support recently. (I had this all mapped out recently and forgot all about it). Retracing now for possible buy entry.
USD SEK is a bullish chart in the short to medium term but since July 2022, you will see that USD SEK has been in a bearish downtrend. Prior to 2022 it was a bullish up-trending USD SEK. Now on the daily chart USD SEK recently fell out of a falling wedge, which is usually a bullish signal after price settles and wrong-foots traders. That is what's happened in...