The attempt to break 28-29k support was not successful.. I can't say that the market has reach the bottom but if this area of support holds again then it will be a good trading opportunity with good reward to risk ratio... Going long at 28k, sl 27500 and targets at 48k and 52k
EURUSD has been dropping since June 2021 when it bounced from 1.23010 and dropped by 3.02% in a single month. Now what next. This pair has been dropping following a rise in US Dollar. Heading to a new week and month, we will see if it will bounce from 1.03183 lows. This area acted as a support in Dec 16,Jan 2017. All eyes will be focused on what happens next week...
This pair looks to have had a pullback in preparation for the new month.. GBPJPY has been forming higher highs and higher lows since June 2020 when it bounced from 123.985 demand zone.. It will be unwise to go against the prevailing uptrend. Buyers will look to test previous high(168.346) and proceed towards 189.317 and 195.799... Resistance expected on the...
It would be pointless to buy something showing weakness like crypto at the moment.. The price will look to test 30k- 28k area of support.. It it holds then there are chances or a reversal in the near future
The stock price will look to test areas of resistances shown by green horizontal lines.
The bears took control since Friday and they will look to push prices further down.. Initial support spotted at 159.449. We wait and see
This week bears are engaged and they are pushing the prices it lower each hour. Possible area of support at 159.499
On friday the pair took a hit, sellers appeared at 168.300 and they will look to push the prices lower this week
More losses to be witnessed next week, below 2707 then it will target 2052 and 1671
XAUUSD main areas of interest are at 2074(supply zone) and 1674(demand zone) above or below this points proves a longer term bias. Currently bulls still at play.
British pound vs Japanese yen been trending higher everyday for the last two months. it's in line with the trend from july 2020. areas of supply shown by horizontal blue lines.
The yellow line clearly shows a downtrend, areas of demand shown by horizontal blue lines.
Bearish theme continues to be in play for Amazon, the next support to be tested will be at 2707(Last month's low) then past that it will try to retest 2052(previous resistance during the bullish move and 1671(Support)
28920 to come into play. This month is red, we don't know how far the drop is going to last. I will be watching this support.
Will EURUSD bounce from the double bottom setup( 1.08147 to target previous resistance(1.11747) ? We place and see
#BTCUSD is testing 41606( 50P, 100P Moving Averages), if it holds then 47786(200P Moving average, previous high, multiple time resistance zone) to the upside will be targeted.
Bears failed to push past 1.08000(March low). This will act as support in the future. Monthly RSI is reading (38.72) suggesting that we are in an oversold position and buyers are getting in. If 1.08000 holds during the next retest then we will be looking forward to a reversal. Targets 1.22544
btc will struggle to move upwards but when it break it will hit 70k