On a downmove since the past few sessions the blue trend lines on the chart shows decreasing prices. Interestingly the volume in correlation to the price again shown by blue trend line shows a decreasing volume. When prices fall on decreasing volume it shows weakness in the trend. We also see a sudden increase in volume on some recent buying candles showing...
With a slight downtrend in the past days the blue trend line on the price chart shows a sell market however, we see an increased volume on a sell candle followed by decreasing volume on further selling shows buying power.(follow the blue trend lines on chart). The market currently looks like it could be going towards the 1875 levels in the short term.
Gold currently trading at 1889 looks like a SELL trade until 1870. The volume profile shows drying up of buying pressure and increasing sellers.
Volume studies indicating weakened bulls and increasing bears showing a soon to form downtrend. Expect selling to happen this week on XAUUSD.
Dogecoin that was previously supported by Elon & now thrown around by Elon again has been one of the most focused crypto in the last few weeks. Currently trading at 0.3, this crypto could possibly go down to 0.1, where then there should be some high amount of buying coming in from big players.
Currently trading at 0.8, I am on a short trade until 0.4. Once at 0.4 this crypto will be quite interesting. I'm expecting a down move first to 0.4 based on my analysis and once there it should get back to its move up.
Although most cryptos had a major sell off the last week, this week doesn't look any different. I am sure the crypto markets will be picking up sometime soon, but not until lower prices levels are touched again. Ethereum could possibly hit 1500 in the coming week before it can start picking up again.
Oil charts are giving a strong sell indication for now. Currently trading at 66, opening a sell with the first TP at 64 should be a good trade in the coming weeks.
EURGBP looks like in the coming week should be continuing its move downwards. Bulls look weak, bears looking stronger on this pair with a probability of this pair to hit 0.8556 price levels.
The bears are not yet done on this cryptocurrency. The volume shows buying entering in large quantities, but not large enough to confirm that the bulls are taking over. Before the bulls start the rally, there should be a test push down to 25000 level, to see how much selling comes in. Besides, if my analysis is right, the big players and banks are doing everything...
Looks like this up move on gold markets are about to end. The bulls look exhausted at the current price levels, exhausted enough for bears to start pushing the prices down. The current prices surely looks attractive enough to market players to start their distribution campaign "SELL HIGH". I am expecting Gold prices to reach around the 1810 levels in the coming weeks.
You need to know this as a trader.
Identify Bullish market Identify Bearish market Identify lack of buying and selling.
Volume increase on buying and reducing volume on short term selling, indicating a possible up move till the 1820 levels