There is currently a consolidation ongoing on the EURUSD daily chart and a rejection have been confirmed showing a sign of a strong selloff waiting to happen. We also confirmed a sell trade using the ichimoku indicator as a confirmation on the H1.
A sell trend sited on the daily and now the pullback is complete the price might go straight to the support zone at 1.27639 below and might even break further depending on the strength of the selloff. Let's see how this goes!
USD Gained a lot from GBP bad news. Causing EURUSD to fall hard last week but i think it has reached it's peak and ready to reverse. Currently on a strong daily/weekly support will investors buy or will USD keep falling? lets see how this plays out.
After the negative news data GBP lost strength. This was due to the negative interest rate news release. With no hopes of increasing interest rates anytime soon GBP lost strength but could it recover this week? GBPUSD hit a strong support and may reverse. Though this might be short lived lets see how this plays out!
Ethereum finally showing strength ! A breakout is in sight. We might have a retest of the trend line before continuation or a strong up move. Signal is formed and confirmed This might be a good opportunity for a buy and hold.
The price is set to hit the support zone and continue with an up move but if markets open with a strong buy it might head straight to the resistance zone. Another possibility is the price might sell/fall hard to the weekly support due to the strong NFP numbers last week which strengthened the dollar. Let's see how this plays out!
A triangle pattern has been formed now we wait for a potential break and continuation. Though we suspect a fall in price due to a bearish hammer formed on the daily with low trend activity because of this, fake outs may be experienced to stop out excess orders. Let's see how this plays out!