JustTradeSignals

JustTradeSignals

UK100 is currently consolidating at what seems like the apex of a converging triangle. A breakout towards the upside seems imminent. Other confluences that compliment the move to the upside are trendline support and 38% Fib Level. On the flip side if it fails to break above then it can drop towards 6900.

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Consolidating in a converging triangle and seems ready for another bullish rally. Price needs to break above the falling channel to trigger a breakout towards 9.40-10.45 initially followed by 11.90. However breaking this would open new All Time Highs for this coin. Downside should be limited around 6.30-6.15

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ADA witnessed aggressive profit taking after touching the $3 mark which also happens to be a psychological level. After a corrective phase which happens to resemble a converging triangle it now looks ready for the next impulse upwards. An hourly closing above 2.35 would invite bulls to take charge again to take price up to 2.80 and 3.00 initially. On the...

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USDJPY has recently touched the channel top after a strong and extended impulse upwards. It is currently consolidating around the 111.000 area. Expectational orderflow is towards the downside, a wise choice would be to enter after a break and retest of this level.

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The GBPUSD dropped from the 1.36397 level yesterday. Two possible scenarios can come into play now, If it breaks this resistance area of 1.36000 (Previously a strong support) and sustain this level then it can further move towards 1.37000, But on the flip side confluence of Trendline, resistance zone and Fib 0.38% level can drag it down to 1.35500 where bulls...

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NASDAQ is currently trading at an attractive level (14,500) with the confluence of a major support area and an Ascending Trendline. A break below this level will drag it further down towards 14,100 where a stronger bullish set-up awaits.

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The month of October started off with a strong bearish move for DXY as it rebounded from a strong resistance level (94.50). Further downside seems likely with the exception of 93.50 where a small reaction can be expected. We are rooting for bullish XXXUSD pairs in the coming days, let us know what you think in the comments below.

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Bullish indicators: 1) Trading near major support area of 1.46100 2) Bullish Harami candle 3) Falling wedge Bearish Indicators: 1) LL LH 2) Currently trading in downward trend Plan A: On the bounce from the support area one can buy for the target 1.47733 first and then for the 1.48075. Plan B: On the breaking of trendline and support one can sell for the...

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Cake after giving a decent run from 10ish zone to 26 has been moving in a sideway sort of price action and now looks ready for a continuation of uptrend. It has been trading just below its falling resistance which in my view is likely to be challenged and breached soon. Price breaking above 20.55 would be a bullish signal for a breakout towards 22.50 and 26...

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Bullish indicators: 1) Trading near Support at 1.07492 2) Fib retracement level 78.60% 3) Falling wedge Bearish Indicators: 1) LL LH 2) Currently trading in downward trend Plan A: On the bounce from the support area one can buy for the target 1.08320 first and then towards 1.80620. Plan B: On the breaking of trendline one can sell for the target of 1.06983...

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SNX trading in a ascending channel and is likely to move towards North once it starts to sustains above 11.80. Next established targets would be around 13.65 followed by 16.80 and channel top around 17.40. SNX needs to trade above 9.30 in order to keep this idea validated.

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NZDUSD has broken the bearish trendline and is currently consolidating near a critical area which also happens to be the 61.8% Fib Level. Potential upside can be witnessed if this level sustains. On the flip side if it falls it might retest the trendline again at 0.69000 level.

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Structuring a double top sort of situation on 4-H chart. Stuck between major zones on the upside followed by strong supports on downside. On upside 3465-3500 capping price while 3320 protecting downside. Breach of this support will once again open 3200-3170 zone. ETH needs to break above 3520 in order to establish 3800-4050 as next target zone.

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AUD/USD’s fall from 0.7477 extended lower to 0.7169 last week but has recovered since then. Presently, the bias remains neutral and it's better to be patient to see how the movement of the pair unfolds this week. On the downside, a break below 0.7169 will result in testing the 0.7105 low. Firm break of that low will resume decline towards 0.6991 support next. On...

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RUNEUSDT looks ready to revisit 8-8.30 zone and maximum 9-9.30 as of now. Rejection could be seen in any of these zones which will pave path for another selling spree towards 5.75 as next established target.

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SOLUSDT needs to close above 150 in order to pave path towards 170 followed by 188. However managing a closing above 188 would invite further strength which is likely to drag price towards ATH. On downside any closing below 122 would invalidate the support and open extensive downside towards 105-80 region.

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AUDCAD is currently taking support on daily and had broken the bearish trendline earlier. The pair can potentially move upward from here and test the resistance area of 0.93700 and then move upwards from there. Contrarily breaking of daily support of 0.91150 will make the pair bearish again.

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From a short-term technical perspective, the bull flag breakout confirmed on gold’s hourly chart, suggests that the price remains on track to extend its recovery. RSI still Firm which is complimenting its firm upward move. But in a bigger picture there is a trendline resistance area which can create a little downside rally again to completing its gartley pattern.