💡Don't miss the great sell opportunity in USDCHFTrading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (0.9191).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. USDCHF is in a downtrend, and the continuation of the downtrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 25.
Take Profits:
TP1= @ 0.9159
TP2= @ 0.9138
TP3= @ 0.9108
TP4= @ 0.9084
TP5= @ 0.9051
SL: Break Above R2
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USD (US Dollar)
💡Don't miss the great buy opportunity in XRPUSD @RippleTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (0.7726).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. XRPUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 45.
Take Profits:
TP1= @ 0.8529
TP2= @ 0.9137
TP3= @ 1.0152
TP4= @ 1.0976
TP5= @ 1.1686
SL= Break below S2
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GOLD (XAUUSD) - Weekly Technical Analysis UpdateMidterm forecast:
1874.88 is a major support, while this level is not broken, the Midterm wave will be uptrend.
We will close our open trades, if the Midterm level 1874.88 is broken.
Technical analysis:
While the RSI uptrend #1 is not broken, bullish wave in price would continue.
A trough is formed in daily chart at 1780.20 on 01 /28/2022, so more gains to resistance(s) 1916.16, 1959.30, 2000.00 and more heights is expected.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index ( RSI ) is 71.
Take Profits:
1790.08
1804.23
1814.96
1834.65
1874.88
1959.30
2000.00
2075. 05
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USDINR View 25 Feb Expiry ViewHi Folks!
USDINR gave a bearish Momentum lately, now it seems to be stuck in a range.
Bollinger bands are also flat with 75.25 and 74.75 as resistance and support.
It may make a rangebound flag as per Price action.
To make value out of this range, we may consider doing a straddle / strangle Or may go for our usual bear call spread as direction is still bearish.
Safer to sell calls and hedge them.
Plan your trade! Trade your plan!
Happy Trading !!!
💡Don't miss the great buy opportunity in BTCUSD @BitcoinTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (41034.89).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. BTCUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 33.
Take Profits:
TP1= @ 44375.30
TP2= @ 45791.61
TP3= @ 49369.49
TP4= @ 51787.31
TP5= @ 55720.27
SL= Break below S2
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💡Don't miss the great sell opportunity in USDJPYTrading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (115.25).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. USDJPY is in a downtrend, and the continuation of the downtrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 35.
Take Profits:
TP1= @ 114.77
TP2= @ 114.47
TP3= @ 114.14
TP4= @ 113.79
TP5= @ 113.46
SL: Break Above R2
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💡Don't miss the great buy opportunity in ETHUSD @ethereumTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (2987.56).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. ETHUSD is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 52.
Take Profits:
TP1= @ 3283.86
TP2= @ 3414.53
TP3= @ 3617.61
TP4= @ 3898.98
TP5= @ 4131.97
SL= Break below S2
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💡Don't miss the great buy opportunity in XVSUSD @VenusProtocolTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (10.50).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. XVSUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 83.
Take Profits:
TP1= @ 12.98
TP2= @ 14.50
TP3= @ 16.89
TP4= @ 18.02
TP5= @ 20.37
SL= Break below S2
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💡Don't miss the great buy opportunity in LUNAUSD @terra_moneyTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (53.89).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. LUNAUSD is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 62.
Take Profits:
TP1= @ 58. 01
TP2= @ 60.68
TP3= @ 65.71
TP4= @ 70.51
TP5= @ 75.98
SL= Break below S2
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💡Don't miss the great buy opportunity in ZECUSD @ElectricCoinCoTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (118.5).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. ZECUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 70.
Take Profits:
TP1= @ 129.4
TP2= @ 134.7
TP3= @ 140.8
TP4= @ 145.5
TP5= @ 150.0
SL= Break below S2
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💡Don't miss the great buy opportunity in LUNAUSD @terra_moneyTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (53.08).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. LUNAUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 62.
Take Profits:
TP1= @ 54.60
TP2= @ 56.31
TP3= @ 57.71
TP4= @ 58.91
TP5= @ 60.58
SL= Break below S2
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💡Don't miss the great buy opportunity in AVAXUSD @avalancheavaxTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (79.59).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. AVAXUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 62.
Take Profits:
TP1= @ 83.63
TP2= @ 87.65
TP3= @ 91.64
TP4= @ 95.59
TP5= @ 99.38
SL= Break below S2
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💡Don't miss the great buy opportunity in ETHUSD @ethereumTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (2904.46).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. ETHUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 60.
Take Profits:
TP1= @ 2981.42
TP2= @ 3040.38
TP3= @ 3137.99
TP4= @ 3274.88
TP5= @ 3395. 40
SL= Break below S2
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BTC/USD - weekly Analytics + Altcoins 14.02.2022With high probability there will be a false-break from the level of 42700 and quotes will move in the ascending direction. We believe that at this stage, the growing momentum and correction from April 2021 is completed, fixing above 43000 will confirm this idea.
Further we will monitor the situation as there will be a probability of local pullbacks (which will not change the growing trend)
Altcoins:
Among altcoins, we single out ETHEREUM and TRX as the most promising projects, which can grow by times.
USDINR rising in silence !!!!USDINR just formed a double bottom pattern which shows that it is not interested in moving beyond 74.15 as a weekly closing basis. USDINR has given a breakout in weekly charts above 75.11 hence it can move towards 76.17.
Below you can see that its RSI moves in band, hence it can move to test RSI upper band.
💡Don't miss the great buy opportunity in THETAUSD@Theta_NetworkTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (3.596).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. THETAUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 67.
Take Profits:
TP1= @ 3.881
TP2= @ 4.303
TP3= @ 4.676
TP4= @ 5.259
TP5= @ 5.907
SL= Break below S2
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USDINR ViewUSDINR has broken an inclined Trendline,
this can be seen as inverted flag pattern breakdown. {considering upside retracement as inverted flag}
Since, 75 seems to be a strong resistance (breakdown level), I am considering Bear Call Spread strategy with next week's (11th Feb) options.
Plan your Trade ! Trade your Plan !
Happy Trading !!!
💡Don't miss the great sell opportunity in NZDUSDTrading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (0.6653).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. NZDUSD is in a range bound, and the beginning of a downtrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 52.
Take Profits:
TP1= @ 0.6614
TP2= @ 0.6589
TP3= @ 0.6560
TP4= @ 0.6532
TP5= @ 0.6503
SL: Break Above R2
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💡Don't miss the great buy opportunity in BNBUSD @binanceTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (432.1).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. BNBUSD is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 64.
Take Profits:
TP1= @ 453.4
TP2= @ 464.8
TP3= @ 475.5
TP4= @ 488.6
TP5= @ 505.7
SL= Break below S2
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