NZDUSD has touched a strong horizontal support area at 0.68000, which was tested and respected before. There is also a channel trendline support available there. Now if buyers are eyeing this area they can enter and pull the price towards some of the key areas in the near term around 0.68500-0.69000 followed by 0.70000. And if sellers successfully break this...
Gold current downward move continues and bears are still dominant. So what is next? Now there are two scenarios. One, the price could move toward a 61.8% level around 1781 and then bounce back towards our given targets. Secondly, if bears are not exhausted then the price will keep dropping towards 1760 level. Good Luck!
ETHUSDT is now trading in a parallel channel and there is also a formation of Lower Highs. And the price is continuously rejecting from 23% fib level. So is 3800 coming? Price action is supporting this argument, so let stay on the bearish side and see the price action. Good Luck!
In BTC trend is still favoring the bears. Now if we try to analyze the price action we can the price is moving in a channel. And if the sentiments are still on the week side we can expect a slide towards 54000. To support this argument If we see the Fibonacci supports, the chart suggested that the price is trading below 38% level so we can expect a 50% level...
AVAXUSDT is now going through some retracement. As it has dropped from a strong support area and also traded below 38% fib level around 110.00. Now if bears are still looking for some more downward they can drop the price towards 90.00 followed by 80.00. Good Luck!
AUDUSD could swing in both ways as the price is trading below the trendline and now retesting it. If bulls still have potential they will respect this support area and bring the price towards 0.73000. But if bears are still showing dominance then they will drag the price towards 0.71000. Good Luck!
IOTAUSDT is breaking up from the trendline and showing strength by the bulls. But we can see bulls tried before and failed to contain the momentum. Let see if they can show some positive moves. One can eye a target of 1.80. Good Luck!
MATIC is showing some bullish dominance, if we try to analyze the situation then we can find some bullish indications like it is bouncing from a strong support zone area around 1.50 having 61.8% fib level support also lies. So if the price breaks the upper trendline then we can find some near-term targets as mentioned. Good Luck!
GBPUSD is still going through a bearish phase. Now a rally which starts from Sep 2020 after correcting itself now reaching towards 61.8% fib level at 1.3300. we can expect a bounce from the first trendline or we have to wait for the second trendline to be tested.
CHFJPY is breaking the parallel channel and moving towards the upside. As it bounces from a strong support zone where a fib level of 38% support also lies at 123.500 we can expect a move towards 124.500. Good Luck!
EURNZD has given a breakout of longterm consolidaiton phase. Now bulls are trying to target near term 1.6500 followed by 1.6600 were 61.8% fib level resistance Lies. Good Luck!
NZDJPY has already broken the strong resistance zone around 79.00 and traded below. Now, what is the possible scenario? It could drop towards the 77.500 level where the support of fib level 61.8% lies with a trendline, if this confluence has given respect then we could see a bounce towards 79.00 again if failed then77.00 level will be open. Good Luck!
Watch the break out at 114.700, move above 114.70 would likely to test resistance at 115.50-115.60. Nice 80-90 pips on a break. Stay tune will keep posting updates.
USDJPY as we discussed in our weekly analysis that there is a breakout level of 114.700. Now price is jumping from that level and with this channel support, we could see our initial level around 115.500. Good Luck
EURAUD is negating its downtrend and trying to move upside. Now trading alongside with trendline resistance from quite sometime around 1.56000. This is also a phycological level itself. So, if bulls have the potential to break this level then we can expect 1.5700 near term. Good Luck!
DYDXUSDT is now breaking up the resistance area and trendline and now trading positively. If bulls continue their effort then the near-term target could be around 20.00. There is another resistance area around 19.00. So good momentum can push the price upward.
BNBUSDT has been reached at a critical resistance zone where the confluence of a trendline also lies around 635-640. For bulls, it is not an easy level to break, So as we can see the price bounce from 61% fib level and completes the harmonic pattern's parameters. if bulls show some exhaustion there then we can see 600 level again. On the other side breaking up...
Buyers are in control above an ascending trend line support, currently at 0.93100. On the upside, 0.93725 and 0.94200 are the short term targets.
