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)...
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...
Weekly chart
30 ema / 200 ema crossover.
Series of HH and HL.
Previous powerful resistance broken.
Possible target over the next several weeks 1.40.
Look to go long in lower time frame on retracements.
Stoch 14,3,3 crossovers past pullbacks in daily chart can be used to build up long positions.
Do not short on any count.
the bulls are coming in control again this week as dollar is under pressure,
situation clearly prefers upside
with targets 1.1090
1.1138
1.1197
alternate scenario
if price breaks below1.0929
supports are as follows
1.0860
1.0810
last week sell has hit the first target
CHEERS
HAPPY TRADING
sell originated in eurusd with target 1.0869, 1.06980 and 1.0572
alternate scenario price breaks above pivot(red) and will tend to break yesterdays high
indicator used
pivot points
Fibonacci
5 SMA
bollinger bands
Talking Points:
Technical Strategy: Bearish
Elliottwave Count: Either wave (C) continuation or B wave of (B).
HTG Note:
Larger outlook on weekly chart is showing weakness on long and short term. EURO vs Indian Rupee price is testing weekly trend line. Last time this line was tested on September, 2015 and post that we seen nice pullback towards 77.80...
