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Trend

NZDUSD stays on the way to refreshing yearly lowNZDUSD picks up bids inside a weekly trading range that restricts the pair’s move after it dropped below a five-week-old ascending trend line and the 200-SMA. Given the quote’s sustained trading below the previous key supports, as well as the bearish MACD signals and downbeat RSI (14), the pair is likely to witness further downside. That said, the 78.6% Fibonacci retracement of July-August upside, near 0.6150, appears immediate rest of the sellers ahead of the yearly bottom marked in July around 0.6060. If the bears dominate past 0.6060, which is most likely, the south-run could well approach the 0.6000 psychological magnet. Meanwhile, the NZDUSD rebound remains tepid until the quote stays below the convergence of the 200-SMA and the support-turned-resistance line, close to 0.6250. Following that, the 38.2% Fibonacci retracement level near 0.6315 and the August 01 peak surrounding 0.6355 will be on the bull’s radar. It’s worth noting, however, that the quote’s run-up beyond 0.6355 won’t hesitate to challenge the monthly top close to 0.6470, with the 0.6400 round figure likely acting as an intermediate halt during the rise. Overall, NZDUSD is on the bear’s radar as RBNZ Governor Adrian Orr is bracing for a speech at the Jackson Hole symposium.
Short
by MTradingGlobal
EURUSD has more downside room unless hitting 0.9700EURUSD dropped to the lowest since late 2002 during the four-day downtrend. The oversold RSI, however, tested the bears afterward around 0.9900. It’s worth noting that the consolidation remains elusive until the quote stays beyond the previous monthly low near 0.9950. Even so, the parity level and a six-week-old horizontal resistance area around 1.0090 could challenge the upside momentum before directing the buyers towards the 1.0255-60 resistance confluence including the 50-DMA and upper line of the bearish channel established on May 12. Alternatively, the 61.8% Fibonacci Expansion (FE) of late May to early August downside, close to 0.9850, appears immediate support to watch during the EURUSD pair’s further weakness. It’s worth noting, however, that a joint of the 78.6% FE and lower line of the aforementioned channel, near 0.9700 at the latest, appears a tough nut to crack for the bears afterward. In a case where the quote remains weak past 0.9710, lows marked during late 2002 and a high of early 2001, between 0.9610 and 0.9590, will be in focus. Overall, EURUSD remains on the bear’s radar but 0.9700 becomes strong support as traders await the key US data/events.
Short
by MTradingGlobal
#BTC TREND hii every one THIS my today analysis on BTCUSDT 4 hr time frame chart market maker are trying try to show IN CHART that BEARS are wining but in long run bulls will be winner .right now instutinals are making a pressure on all bulls to show that this is a down trend but instutunals want btc price to go more down so they buy btc at very large quantity with greater no they are buying to take position at the low price slowly i mention th eprice in chart . . in this chart same things happens previous .... you can share your idea or point of wiew in comment thank you i will update it if any thing happen
Long
by priyanshuraj620722