EURUSD has failed to move above the key resistance of $1.1200, which led to the pair losing the initial ground and falling towards the support of $1.1000. As a result of the failed move, we may see a bigger retreat towards the $1.0920 zone.
Unlike Bitcoin, which has moved lower in the past couple of days, Ethereum has been trading within a tight trading range. For instance, Ethereum has ranged between $180 and $195 in the previous seven days. The sideways consolidation usually precedes a bigger move, hence traders should expect Ethereum to burst in one of the two directions soon.
On the upside, the...
Technically speaking, last week Bitcoin created an important bearish step towards the test of a very important support around the $7,500 mark. The price action finally broke below the 200 DMA (the light blue line) support near the $9,200 mark, after it has been glued to it for almost 10 days. Chart below shows the break of the 200 DMA, as the price action trades...
Siacoin is currently testing 61.8% key Fibonacci support of the recent move higher (March low to April high). The price has stopped at the confluence of support levels - 61.8% and 100 DMA, after pushing and subsequently closing below the 200 DMA. Given that we already had a retest of the 200 DMA and we couldn't return higher, it is clear that we are in the...
The price has recovered to re-test trendline resistance (previous support). Furthermore, both 100 and 200 H4 MAs are present in the same zone.
Short at confluence of resistance levels.
Entry: 0.87700
SL: 0.8810
TP: 0.8690
R:R 2:1
The pair is approaching key trend line that pushed the price away a couple of times in the past. Looking to get a reaction of this level this time too.
Entry: 0.7035
SL: 0.7065
TP: 0.6985
One of the most beautiful charts out there. A Cypher pattern that waits for its completion at the final point - D. That point also coincides with 161.8% Fibonacci extension. The bias is currently short so my first advise is to sell rallies.
Two trade ideas:
1) Short at the re-test of previous support, now resistance at 0.8390, SL 0.8430, TP 0.8200.
2) Long at...
EURNZD is on the verge of breaking triangle support that has consolidated the price recently. Watch for the daily close tonight and enter a short trade in case we close below 1.6750. Stop loss should be at 1.6830 while TP at 1.65300.
The price has reacted from the confluence of trend line supports. We are also out of the wedge and expect correction higher.
Enter: 1.3280
TP: 1.3450
SL: 1.3180
DXY continues to grind higher. The pair may drift lower to re-test the trend line (previous resistance), find more buyers and continue higher to test 50% retracement.
EURCAD failed to clear all stops and close above triangle resistance, causing a trend reversal. Furthermore, the price has pushed through the trend line support and it looks eager to test triangle support.
USDCAD has cleared stops above major trend line that has kept the pair under pressure for a year. Next target is a confluence of 88.6% retracement and 127.7% extension.
