


fugutrader
PremiumEURCHF is showing short term strength approaching News and is possibly overextended and due for a pullback. The shorter timeframe is displaying a Triangular pattern indicating a compression of volatility caused by uncertainty. The larger timeframe exhibits a Head & Shoulders pattern which is a reversal pattern so could signify an end to the longer term EURCHF...
A possible short reversionary trade with momentum slowing as evidenced by a divergence on the MACD indicator. An acceptable risk/return ratio.
The pair is finding support on the Daily 200 EMA. A good risk/return ratio.
AUDCHF has been in a bullish trend for February and is now testing larger timeframe resistance levels. If it retraces and bounces off support levels there is an opportunity for a swing trade in the direction of the current trend. There is however evidence of slowing momentum in the MACD indicator on the 1hr timeframe so watch for a break of the support trendline.
CADJPY is exhibiting a loss of momentum as exhibited by a divergence on the MACD indicator. The market is factoring in expectations prior to both currencies news releases next week so there is a high possibility of a large move if news is contra these expectations. CAD is also making new 15 year highs against the Yen with Japan's economy unexpectantly slipping...
Price is consolidating in a Triangle after a strong down move. This compression often precedes a strong price move. Use bracket entries to enter trade as could be either a reversal or a continuation. Watch volume for confirmation.
Strong bullish runup with a possible attempt to reach the 5.5 round number level. If it attempts and is rejected or falls beforehand, a retracement is a strong possibility.
OSTUSDT is in a unobstructed bullish channel with consistent ranges indicating heavy algorithmic trading activity. Given the small decimalization of it's price it could attract participants looking to get fast exponential gains. Watch for increases in Volume to confirm breaks above/below entry levels.
Price is consolidating after the recent pullback. A false breakout to the downside has occurred which can often mean that there is Limit Order Book imbalance caused by there being less limit/resting orders on that side and therefore less liquidity. Price can therefore move faster if it revisits that level sweeping down to the next significant cluster of orders.
Will experience resistance as it enters the 63.0-63.5 zone. If it gets through it the next target could possibly be the 70.0 round figure
DYDX could be trying to reach the area of the Daily 50 SMA at approximately 3.20. It has had an exponential runup recently and might need a rest. The increasing volume is a bullish sign so be prepared for a continuation of its bull run.
Traders might start taking profits at the first indication of bearish power equality and move their funds to similar alternatives like ATOM and DOT which haven't (yet?) experienced the runup of AVAX. Recent large ranges indicate this is already occurring.
Expectations are high that ADA will reach 0.70 but analysts predictions can conflict with the reality of price activity. Pay attention to volume as price reaches each of the bullish and bearish entry levels
Will likely need to consolidate and retrace to attract new buyers looking to enter on Discount Swings to fuel attempt at breaking above long term historical highs
BTC found Support after a Retracement. If it retests and fails is indicative of Bearish superiority and move to next level below.
AUDJPY has had some strong short term trends recently and is covering a lot of ground prior to the News release. A lot of indecision occurring resulting in large ranges.
NOKSEK is exhibiting consolidation with a bullish bias. It is hitting resistance levels and if it succeeds in penetrating could be the start of a Bullish Reversal.
GBPNZD has had a recent powerful bullish run. Various patterns indicate it could be overly extended. There is also a minor Head and Shoulders patterns with an extension reached.