The price tested trend line support at 23.70 and bounced. To keep the bullish momentum continue buyers need to crack and move above 28.30 for the targets of 32.25 and 36.25.
Bullish Indicators: 1) Double bottom 2) Support at 1.43192 Bearish Indicators: 1) LH LL 2) Downward Trend 3) Resistance zone at 1.44406 and the upward trendline. Plan A: After making double bottom one can take a long position from here or on the breaking of upward trendline for the target of 1.46223 Plan B: On the failure of breaking of upward trendline and...
Bullish Indicators: 1) HH HL 2) Upward trend 3) Support at 84.074 Bearish Indicators: 1) Evening star 2) Resistance zone at 84.719 Plan: After making evening star on 4H one can take a short position from here for the target of 82.768.
Bullish Indicators: 1) HH HL 2) Upward trend 3) Support at 89.698 Bearish Indicators: 1) Bearish inside bar 2) Resistance zone at 92.670 3) Bearish divergence on RSI 4) Breaking of lower trendline Plan: After making bearish inside bar and bearish divergence on RSI one can take a short position from here for the target of 89.698.
RAYUSDT Price escaping the falling wedge pattern. Establishing upside towards 11.00 initially followed by 13.7. Sustaining above 13.7 would open 16.40 once again followed by New All-Time Highs for RAY. On the downside 8.25 will act as a firm bottom.
AUDJPY's current upward surge needs a bit of correction as it has just reached a strong resistance area around 84.200. If we see in terms of harmonic patterns, we can see the formation of point D at the price reversal zone. So, at this confluence point, we can expect a corrective move towards 82.80 (Fib level 61.80%).
GBP/USD's rebound from 1.3410 resumes after breaking the temporary top at 1.3670. Intraday bias seems to be back to the upside. Sustained trading above 1.3717 will target 1.3912 key structural resistance next. On the downside, however, a break of 1.3565 minor support suggests that a rebound from 1.3410 had been completed and the fall is ready to resume.
XAUUSD - After impulsively moving up yesterday and breaking through an important zone of 1780, Gold is currently consolidating and we are expecting a retest of the zone where the confluence of an ascending trendline is also present. Keeping things simple is the key to profits in Forex. Good luck!
Bullish Indicators: 1) HH HL 2) Support zone at 1.05491 Fib level 50.00% 3) Uptrend/Ascending channel Bearish Indicators: 1) Resistance zone at 1.06132 Fib level 61.80% 2) Breaking of lower trendline Plan A: One can take a long position on the bounce from the support level 1.05491 Fib level 50.00%. Plan B: One can take a short position on the breaking of lower...
USD/JPY witnessed some selling and the 4-day winning streak finally ended. A cautious market mood benefited the safe-haven JPY and exerted some downward pressure. Technically weekly, daily and 4H all indicate resistance. Consequently, between 114 and 113.71. It can test immediate support area around 112.70.
The crypto pair is approaching a major Weekly support between 0.00041 - 0.00034. This demand zone acts as a major threshold between bullish and bearish price action. If bulls could manage to protect this zone, then we are likely to see this pair once again challenge the falling resistance around 0.00062. If we manage to climb above this then LINKBTC is likely...
Printing a bullish Flag on Weekly Time Frame. It needs to break above 0.078 in order to validate this pattern. Once we see a break and hold above 0.078, ETHBTC is likely to head towards 0.086 followed by 0.10 initially followed by 0.1135 as eventual target. On downside major support are seen around 0.054 followed by 0.47.
ALICE seems to be in final stages of its Bullish Cup and Handle Pattern. It needs to break and stronghold above 13 to trigger an aggressive bullish move towards 18-20 initially followed by 24 and 32 in coming weeks. ALICE can fall max around 10.20 and 9.40.
EURGBP is consolidating around a strong support and the low of this year. Upside from this point is highly likely especially considering the break of the bearish trendline and the completion of the harmonic pattern. Let us know what you think in the comments below!
Broke a major horizontal support at 33.50 followed by breach of major trend driver EMA which was not taken out since 20 July. ATOM is now likely to find supports at lower levels around 28.70 followed by a strong multiple support at 26.70. This is where strong buying is likely to be seen.
Intraday bias in EUR/USD turns positive at this point. Further fall is still in favor as long as 1.1639 minor resistance holds. A break of 1.1528 will resume a larger decline towards the 1.1289 level. On the upside, a break of 1.1639 resistance, however, will indicate short-term bottoming. intraday bias will be turned back to the upside for the stronger rebound.
AUDJPY has reached an important supply level on a higher timeframe and has printed a bearish Engulfing on the 1H TF. A short attempt might prove to be fruitful here with a stop-loss of 83.550 Target 1: 82.900 Target 2: 82.400
As promised in our previous post, here is the long-term view of Bitcoin which is currently sustaining and trading above the $55,000 mark indicating buyers may be holding on to their positions and expecting higher prices in the short-term. If the uptrend is to resume and the Bulls push the price above $60,000 then a retest of the all-time high at around $64,800...
