This week's choppiness has shaped a falling wedge, with the downtrend slowing down around the 1.20 support level, since falling 140 pips or 38.2% of the swing from 1.17 to 1.215. The apex of the wedge is located at the 200 EMA. Furthermore, today's daily candle opened a couple of pips under the 20 daily MA at 1.20172 and a close today or tomorrow above it could...
After digesting the important news published during the last two weeks, the risk appetite in the market seems like fading away, which could increase demand for the greenback. Expecting EURUSD to at least correct to 1.10 area, around 61.8%, where previous resistance and a confluence of MAs could help finding a bottom : On the daily chart, the Oscillators...
BTC has met a confluence of resistances - previous support that held almost six weeks, 61.8% retracement from the last plunge, and the 50 MA depressing the price since it has hit the 7,500$ local high. Moreover, TD Setup perfected with recharged oscillators, plus RSI breaking now the uptrend that has been forming since the selloff apex. I expect the BTCUSD rate...
GBPUSD recharged at the 0.618 Fib level around 0.875, above the 200 MA after it had completed a TD Setup on the daily chart.
GBPUSD 1h chart: - recharged into the former support area - completed a bearish cypher - completed TD Setup (has not perfected yet though) - neared 61,8% fib level from top to bottom move - the correction topped above the higher BB with the 20 MA flat Expecting the pair to challenge previous lows, pursuing the downtrend. This scenario should be invalided about 80...
In December 2018, BTC hit the lowest price at about 3100 USD since the ATH of December 2017. Interestingly enough, that low respects the bottom to bottom cycle progression. Subsequently, BTC surged back to the 61,8% mark. It has been fluctuating in between ever since, keeping the scenario of the 3000 USD bottom intact. On the other hand, I still remember the...
OANDA:GBPUSD weekly chart: completed the TD Countdown looks like the Spring of Wyckoff accumulation The rate hovering at 61,8 % of this year's wave till mid March. MA 20 flat, and rate beneath BB Oscillators properly recharged
OANDA:EURUSD almost at the falling wedge apex with the lowest volatility since 2003 (weekly ATR (14) at about 130 pips!). Completed the TD Buy Countdown in April at 61.8 % of the 2017 rally and still moving around it, finding support above 1.11. Looking forward now to an imminent bullish breakout and increasing volatility.
S&P 500 losing steam near strong resistance.
S&P 500 testing previous support area with a rising wedge , after breaking it the week before Christmas. The Index is also approaching closely the 61,8% leve l of the leg from previous resistance down to previous low. Moreover, the TD Sell Setup completes today right under the open price of the candle that started previous TD Buy Setup. RSI testing the...
BITFINEX:BTCUSD pushing against 20 MA, which proved on more occasions as an instrumental support/resistance during uptrend/downtrend. Consequently, after fluctuating in a continuously tighter range, RSI will break above the 50 mark. Since the beginning of the year, the fluctuations inside the triangle have moved with higher volumes volumes north, noticeable on...
Chart Description will be added soon
Pair OANDA:EURUSD seems accumulating for at least a correction (completing the H&S in the 61.8% region) of the leg from mid April to end of May.
In January 2015, BTCUSD broke the trend channel support, then surged meeting the trend line marking 161.8% of the trend channel. Now they meet again.
EURUSD approached with increasing volatility last year's support between August and January.
Description of the chart in the link below: www.4xdaily.trade
Looking for a setup now on lower timeframes for good entry, best to test previous resistance line (which was broken with a shocking crash for GBP) as support, which is now also at 38.2% retracement and 20 MA of BB. Decided to share this idea due to its pretty decent R/R Ratio. Good Luck!
Filled longs with average of about 1.1076, expecting a restest of previous resistance of about 1.14. 1.106 was 61.8% correction of previous leg up from 1.095 to 1.123, this leg being 61.8% retrace of the Brexit plummet. The target of 1.14 is the 161.8% extension of the previous leg from 1.095, resistance zone on many occasions, TL since the 3rd of Dec and...