Forex_Academy

Forex_Academy

Cardano edged higher in the yesterday's trading session and seems motivated to increase further on the short term. The false breakdown below the LML could attract more buyers which will lead the rate at least till the 50% Fibonacci line of the ascending pitchfork.

Forex_Academy

The Dollar Index touched November's highs and is currently retreating. This may mean we could see a correction of the recent movements on major pairs against the Dollar. Fibo 0.24 may seem the most probable target.

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When looked using a weekly chart we see that the price of Gold is moving in a shrinking sideways channel, creating a triangle formation. This kind of formations are reactive in nature, and that means there is indecision and doubt in the market participants. One nice feature of triangular formations is that the risk of any trade diminishes as the price gets closer...

Forex_Academy

DJ-30, has gapped down below the current triangular formation and is headed towards the bottom side of the rising channel. This potential setup has a Reward-to-risk ratio of about 2.5

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The Bitcoin doesn´t seem to want to leave the symmetric triangle in this daily chart, yesterday it broke the support slightly and today's recovery has taken it back into the formation, if the break down is confirmed we could be close to a massive sale in the long term.The 100-EMA and 200-EMA periods are very close and a downward crossing of the 100-EMA over the...

Forex_Academy

The price of Ethereum has won 5.44% in the last 24 hours after having touched the support area in $ 506 and then it is recovering strongly just behind the Bitcoin that has also recovered ground today. The pair broke the bearish trend line and has been moving at $ 556 at this time and apparently seems to consolidate near the 100-EMA and above R1. If the pair...

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The Dollar continues pushing against its major counterparts. Here,a gainst the Kiwi is forming a bullish flag wigh has a great Reward for its risk.

Forex_Academy

WTI Oil price has bounced from the $66 support area, that started the latest leg up to its $72.88 highs. Now the 4-hour chart see the price moving on a channel between this support and the resistance area near $67.4 inside a flag formation that is more indicative of a continuation to the downside.

Forex_Academy

EOS/USD is trading in the green and tries to stabilize above a broken dynamic resistance. Technically, it is somehow expected to climb much higher in the upcoming period. EOS/USD has retested the upper median line (UML) of the former descending pitchfork and now tries to reach new highs. Price climbed above the median line and should approach the 50% Fibonacci...