forextidings

forextidings

Fibonacci Retracement: Swing Low - 1.14098 Swing High - 1.34832 According to Fibonacci retracement, GBP/USD's last stop is a 50.00% retracement level. Currently, it's trading nearby a 23.60% retracement level. The day traders can jump for the 38.20% retracement level but, there's a strong support trendline between the 23.60% to 38.20% range. How...

forextidings Updated 

Netflix, Inc. has broken the support trendline channel of September 2019 and closed negatively at $480.67 in a loss of -19.52 ( -3.90% ). We can see price correction up to 61.80% retracement levels. As per the fundamental research reports, it's totally in an uptrend. And according to technical analysis, NFLX may start a potential reversal from $476 for ...

forextidings Updated 

BTC/USD has created a symmetrical triangle pattern. It's taking reversal from the resistance trendline. Technically, it will keep falling. Day traders can keep selling BTC/USD for the target of 10630 - 10560 levels. Short-term investors should wait for a divergence from the entry point. It will start flying soon for 10900 - 11200 - 11400+ levels. But,...

forextidings

USD/JPY is following a dynamic resistance trendline since July 2020, and it's there now. Here, we have the opportunity to earn $12,000+ (trade size:10,000) in profit. A short position can initiate the dynamic resistance or below for the target price of 105.6. That's for day traders! If you have expected something bigger from this call, I recommend holding...

forextidings

Here, In the beginning, the trend was incremental. But after making a sharp peak, it converted into the descending one. It started to increase by making arc-shaped strong support and fell from the peak. The trend made an ascending triangle between the support trendline and resistance trendline. If from the last candle of an ascending triangle, It moves in...

forextidings

USD/CHF is making a slope here, between a strong resistance trendline and a support trendline. The trend made an upswing parallel channel, But it can fall and knock the control price line. There is a possibility that It will rise to 0.9200 , and then it can touch 0.9236 . Also, there is a possibility for the fall to 0.9100 , which is the first target. Then...

forextidings

The trend is making a downside slope here. I applied the Fibonacci retracement to set the levels. In the beginning, it's an uptrend. From the 1.20114 , it started to fall. In between the resistance and support trendline, it tried to climb and made minor support. the trend rose to the 1.17696 , then it started to fall again. It will tumble to the 50 percent...

forextidings

I have used Fibonacci retracement in this chart to identify the possible further moves of USD/CAD. It's an uptrend. In the beginning, there is a descending triangle. There is a descending triangle at the beginning of the Fibonacci retracement ( 78.60 percent around). And the next construction of the trend before the brokedown is a parallel trendline. After the...

forextidings Updated 

At present, NZDUSD following a price channel pattern strategy. In the above chart, it has created three major parallel channels A , B , & C . Pay attention to the parallel channel C. It is creating a new downtrend for a short period. Now, the New Zealand Dollar / U.S. Dollar can fall to the following levels: Target Price 1: 0.67100 Target Price 2:...

forextidings Updated 

USD/CHF will take a short reversal from here. Aggressive traders can start initiating new positions for 0.9210 - 0.9220 - 0.9230 target price. As per the 15M chart, USD/CHF sharply moving forward. I recommend to stick with the trend (support & resistance). Please keep eyes on Stochastic RSI to get a perfect entry-level. The real game will being after crossover...

forextidings

In this chart, resistance & support shown by using a box. Redline between the chart is a hurdle. By following the box, we can say that there will be a downtrend. Dynamic resistance shows that if the trend crosses the hurdle, there will be a downtrend. But if it will not intersect each other and will take a "V" shape there will be an uptrend to the 1.1770 -...

forextidings

GBP/USD will take a u-turn soon. The best test/entry-level is 1.2776 . So day traders can buy nearby it or at that level for targets of 1.2826 - 1.2866 . Risk: $26 Pips | Profit: $90 Pips

forextidings

In this chart, crucial support and resistance are indicating an overall bullish trend since mid-2012 . Here, I have used the Elliott wave pattern. In the beginning, It's an impulsive wave, But forward it's converted into the corrective waves. MA of 50 and 200 indicates a positive trend. EURAUD is taking pullback after hitting the strong support...

forextidings

Silver made descending triangle pattern and it's base range is 2.36 . Descending triangle pattern refer as a reversal pattern. Currently, XAG/USD is in consolidation area, and playing at resistance trendline. This pattern has 1% chances to breakout upside. And if it will happen then we may see prices at $28.600 - $29.800+ . DAY TRADERS: In this...

forextidings

The gold spot made a symmetrical triangle and broke upward. And it was following the downtrend line channel from the beginning of September. As you can see, the breakout candle has closed above. I have drawn a dynamic parallel trendline to find out the last point of the rally. Long-term investors, please keep their eyes on A, B, C, D, E, F, and G. Wherein F & G...

forextidings

As per the support & resistance trendline, EURUSD is moving slightly upside.   The last candle is running at the control price. Its a pullback here. Now pay attention to the support trendline B . If it breaks down, there will be a fall up to the support trendline A .  It means it's a boom.  As I explained, It may fall for 1.18260-1.18000 levels below. But it...

forextidings Updated 

In the previous week USD/JPY gained +1.261 points. From the last candle there will be an uptrend to the parallel channel and then price will start to fall again. Here, the hurdle is 106.06 level. If candles consecutively crosses the dynamic resistance(DR) there will be an uptrend and price will increase to the 106.76 or above but if candles continuously...

forextidings Updated 

According to the chart above, GBP/USD keeps moving upward nonstop. But it rallies pausing at reversal points (strong resistance) for a few days or weeks. At present, it's again at a strong resistance line. Will it uptrend over here? Can British Pound / U.S. Dollar start a downtrend? As per the Elliot wave theory, GBPUSD can run for 1.34450 level to complete...