Technical analysis:
. MONERO/EURO is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 47.
. While the RSI and the price downtrend in the Daily chart are not broken, bearish wave in price would continue .
Trading suggestion:
. There is a possibility of...
Technical analysis:
. ZCASH/ETHEREUM is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 57.
. While the RSI and the price downtrend in the Daily chart are not broken, bearish wave in price would continue .
Trading suggestion:
. There is a possibility of...
eurgbp has been keeping a narrow range since May.
As you can see, YPP (P) does not work and MPP (P) is functioning.
As you can see from Weekly , it is a range quote in the long run.
It seems that you can aim for long after confirming support of MPP (P).
<< tactics >>
1) MPP (P) 0.88187 is functioned as a support line.
Long entry.
The first limit is under...
Midterm Forecast:
There is no trend in the market and the price is in a range bound, but we forecast a downtrend wave below 1.6190 would begin in Midterm.
Technical analysis:
The RSI bounced from the resistance #1 at 62 and it prevented the price from more gains.
A trough is formed in the daily chart at 1.5425 on 06/14/2018, so more gains to resistance(s)...
Midterm forecast:
1.2090 is a major resistance, while this level is not broken, the Midterm wave will be downtrend.
Technical analysis:
. The RSI bounced from the downtrend #1 and it prevented price from more gains.
. A peak is formed in daily chart at 1.1840 on 06/07/2018, so more losses to support(s) 1.1510, 1.1440, 1.1180 and more depths is expected.
....
A small intraday trading idea on the EURGBP 15 mins chart. Can be held post the target for more upside considering the targets on the lower timeframes. This is a small intra-day trade for me.
Technical analysis:
. DASH/EURO is in a range bound and beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 35.
Trading suggestion:
Price is in the support zone (332 to 229), traders can set orders based on Daily-Trading-Opportunities and expect to reach short-term targets.
....
Technical analysis:
. ZCASH/EURO is in an uptrend and continuation of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 59.
Trading suggestion:
There is a possibility of temporary retracement to suggested support zone (259 to 222). if so, traders can set orders based on Daily-Trading-Opportunities...
Technical analysis:
. RIPPLE/EURO is in a Range Bound and Beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 44.
Trading suggestion:
There is a possibility of temporary retracement to suggested support zone (0.55 to 0.38). if so, traders can set orders based on...
Technical analysis:
. MONERO/EURO is in a Down Trend and Beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 45.
Trading suggestion:
There is a possibility of temporary retracement to suggested support zone (132.0 to 116.0). if so, traders can set orders based on...
BITCOIN/EURO
New trading suggestion:
*The price is in an up trend and we forecast the uptrend would continue.
*There is possibility of temporary retracement to suggested support line (6299.85) , if so, traders can set orders based on Price Action and expect to reach short-term targets.
Entry signal:
Signal to enter the market occurs when the price comes...
EURUSD 1.1895
Target 1.2087 plus
Stop 1.1775
Rationale:
1) Inverse H & S formation observed.
2) Price pierced past the neckline resistance level, which possibly could act as a support.
3) Price possibly forming cup and handle structure.
After breaking the H&S neckline it is retesting on Daily time frame with little support in curve trendline and daily candle looks like an inverted candle (Since few more hours to go) if we get inverted candle then the break of curve trendline will bring the pair down to next support zone. If we go down the time frame it has beautifully rejected the neckline.
Rounded Bottom pattern formation on EURUSD and it will break on upside.
Trade:
Buy above - 1.15315
Target 1 - 1.19027
Target 2 - 1.22900
Stop Loss - 1.09915
