My previous analysis on EURUSD played out pretty well. The price action performed as predicted and bounced back from the exact support point I pointed.
This isn't a very strong trade idea. But in my opinion we will see a correction in the price and it will bounce back up towards making a higher high.
This is a quick short trade to capture the correction. The...
I think we are a long way from a bull run right now. So in my opinion this price increase is just temporary and will potentially fall back to its strong resistance level (around 1$), which can work as its support now.
It can also fall back in the channel below the resistance.
The trade is placed as per the Fib levels that I use for buying back after the pump,...
Daily Timeframe shows a downward trend. The Linear Regression line shows a perfect Support and Resistance within which the Price is oscillating.
Right now the price is right above the resistance. There are chances it breaks out from here, or it start following the same trend again.
I predict that that it will fall back down from here which is why I am shorting...
EURUSD has been making consistent Lower Highs and Lower Lows for the past couple of months as observed on the daily chart.
The chart demonstrates strong bearish resistance and support where the EURUSD has shown to reverse its trend.
However, EURUSD has recently broken past its strong resistance level and that too by creating a new Higher High on the daily...
On daily timeframe USDJPY is in a bullish trend and has hit the Strong daily trend Resistance line from where it has reversed.
On the Hourly Timeframe the strong bullish trend formed and the trend is now broken making by making a new LH as opposed to a HL.
I am predicting the price will continue to fall from here to the Daily Support level.
However, in order...
Forgot to publish this idea earlier but it seems to be working out.
The Hourly bearish trend resistance is broken and it seems like a trend reversal to me.
I am predicting that it will at least go to the 0.66 Fib Level where I would close the trade and open a short trade after doing some analysis.
This is a quick trade for quick profit but can be a little...
We can see that EURUSD have been oscillating in a bullish trend with Higher Highs and Higher Lows.
The price just hit the support level and from the candles it looks like we have a strong reversal in the play.
I predict the price will start increasing from here.
The analysis shows my position for this long trade.
I see NZDUSD making LH and LL on the daily chart in a consistent downward trend.
I am predicting it will create another LH and that is when I am planning on shorting it.
Not much of an explanation needed here. The analysis is pretty simple!
Algo has been oscillating in a channel for a while now. The price action has hit and reversed from the support level 5-6 times.
In the short term I project it will go till the channel resistance of $0.4.
But, Algo is the blockchain partner of Fifa world cup, which is starting from 20th November. My prediction is that it will skyrocket from that point onwards...
MATIC is oscillating in a channel for quite a while. I would assume it will go close to $1 in this time and then fall back to 0.7$ because we have a strong resistance at that point.
The recent historic trend also supports this evidence where it gradually increases till ~$1 and then drastically falls back to its support level of 0.7-0.8
MATIC is bullish and fluctuating in a positive channel. It has been hitting a series of Higher Highs and Higher Lows in the 4 Hourly Chart.
Currently MATIC is at a strong support, so there are 2 ways the price action can go.
It can either break the resistance and move upwards
It can break the current support and start a short term bullish trend again
The linear regression line has a positive gradient and the over trend is forming a Higher Highs and Lower Highs to some extend.
I will wait for the price to touch the Support of the linear regression line or the automatic support level at 0.989
