EURUSD Technical Overview: Day Trading Range: 1.1570 - 1.1730. Pivot: 1.1615 Key Resistance: 1.1655 - 1.1682 - 1.1732 Key Support: 1.1605 - 1.1565 - 1.1520 Technical Trade Idea Most Likely Scenario: long positions above 1.1615 with targets at 1.1660 & 1.1675 in extension. Alternative scenario: below 1.1615 look for further downside with 1.1595 & 1.1570 as...
Bitcoin Technical Overview: XBTUSD CMP $7370 Day Trading Range: $7220 - $7542 Key Resistance: $7420 - $7475 - $7548 Key Support: $7265 - $7220 - $7139 Technical Idea for Intraday Most Likely Scenario Long Above $7330 with extension till $7420 - $7475. Alternative Scenario Short Below $7220 with extension till $7139- $7065 Technical Indicators: StochRSI:...
XAUUSD Technical Overview Day Trading Range: $1182 - $1200.45 Key Resistance: $1194.85 - $1196.00 - $1200.45 - $1204.87 Key Support: $1190.35 - $1186.85 - $1183.68 - $1179.20 Pivot: 1196.50 Most Likely Scenario: short positions below 1196.50 with targets at 1189.50 & 1187.00 in extension. Alternative scenario: above 1196.50 look for further upside with...
EURUSD Technical Overview: Pivot: 1.1575 Day Trading Range: 1.1540 - 1.1635 Key Resistance: 1.1594 - 1.1622 - 1.1635 Key Support: 1.1555 - 1.1528 - 1.1510 Most Likely Scenario: long @ 1.1594 with targets @ 1.1610 & 1.1625 in extension. Alternative scenario: below 1.1575 look for further downside with 1.1550 & 1.1530 as targets. Technical...
Pivot: 1.1600 Most Likely Scenario: short positions below 1.1600 with targets at 1.1515 & 1.1490 in extension. Alternative scenario: above 1.1600 look for further upside with 1.1640 & 1.1670 as targets. Comment: the RSI shows below 50 downside momentum. Wednesday FOMC: Fed minutes show support for September rate hike, and suggest trade dispute could then force...
It was a volatile week for broader equity markets as rising concerns regarding deteriorating economic conditions in Turkey and the ongoing US / China tariff skirmish weighed on investor sentiment. At the same time, underlying strength in the US Dollar (which has kept pressure on gold). The sell-off will likely stall in the coming week courtesy of bearish...
The recent selloff in EUR/USD appears to have stalled ahead of the June 2017-low (1.1119) as it snaps the series of lower highs & lows from earlier this month, and fresh developments in the Relative Strength Index (RSI) warn of a larger recovery in the exchange rate as the oscillator bounces back from oversold territory. According to Weekly candle shows that...
Bitcoin is trading near $6327, last few hours Shorts are greater than Long position and RSI is trying to go inside oversold condition. If it will test $6250 area in 4-5hrs than good Long position between $6200-$6250 with strong stoploss at $6115, you may take your profit at $6365-$6450-$6500. Current price struggling with SMA 200 which is very supportive for price.
Bitcoin is trading range trading from last few days, both fighters are fighting for their trend but all are waiting for ETF approval by SEC in next month. Before that technical says that there is making HEAD & SHOULDER pattern in day chart, in picture there is neck completed on $6100 and shoulder A will complete near $6800-$6900. Current scenario is range bound...