💡 Don't miss the great sell opportunity in GBPUSDTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (1.3405). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. GBPUSD is in a range bound and the beginning of downtrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 36.
Take Profits:
TP1= @ 1.3225
TP2= @ 1.3106
TP3= @ 1.2855
TP4= @ 1.2678
TP5= @ 1.2508
SL: Break Above R2
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USD
SILVER (XAGUSD) - Weekly Technical Analysis UpdateMidterm forecast:
While the price is above the support 21.90, resumption of uptrend is expected.
We make sure when the resistance at 26.00 breaks.
If the support at 21.90 is broken, the short-term forecast -resumption of uptrend- will be invalid.
Technical analysis:
While the RSI downtrend #1 is not broken, bearish wave in price would continue.
A trough is formed in daily chart at 21.90 on 11/30/2020, so more gains to resistance(s) 24.50 and maximum to Major Resistance (26.00) 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 53.
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Dollar/Turkish Lira - Important Technical Analysis UpdateMidterm forecast:
While the price is above the support 7.2675, resumption of uptrend is expected.
We make sure when the resistance at 8.5750 breaks.
If the support at 7.2675 is broken, the short-term forecast -resumption of uptrend- will be invalid.
Technical analysis:
The RSI support #1 at 57 is broken, so the probability of resumption of uptrend is decreased.
A peak is formed in daily chart at 8.0516 on 11/24/2020, so more losses to support(s) 7.7755, 7.6600, 7.4565 and minimum to Major Support (7.2675) is expected.
Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
Relative strength index (RSI) is 46.
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XRP possible scenario I see playing outI think that the month of NOVEMBER was very strong. A possible correction to it's 50% looks probable. I think the price will drop to 0.45$ but I'll be conservative and place my re-entery at 0.50$. And I'll leave some money on the table, incase it goes lower I'll dollar average cost. Remember I sold some XRP up at 0.66$. So, I'm looking to get back in. I didn't sell everything, just a small portion so I can accumulate more letting my money work for my future money. God bless.
EURUSD - Important Technical Analysis UpdateMidterm forecast:
1.1970 is a major support, while this level is not broken, the Midterm wave will be uptrend.
Technical analysis:
While the RSI uptrend #1 is not broken, bullish wave in price would continue.
A trough is formed in daily chart at 1.1600 on 11/04/2020, so more gains to resistance(s) 1.2165, 1.2330, 1.2555 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 76.
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SILVER (XAGUSD) - Weekly Technical Analysis UpdateMidterm forecast:
While the price is above the support 21.90, resumption of uptrend is expected.
We make sure when the resistance at 26.00 breaks.
If the support at 21.90 is broken, the short-term forecast -resumption of uptrend- will be invalid.
Technical analysis:
While the RSI downtrend #1 is not broken, bearish wave in price would continue.
A trough is formed in daily chart at 21.90 on 11/30/2020, so more gains to resistance(s) 24.50 and maximum to Major Resistance (26.00) 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 51.
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💡Don't miss the great sell opportunity in NZDUSDTrading suggestion:
". There is still a possibility of temporary retracement to suggested resistance line (0.7052).
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 downtrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 43.
Take Profits:
TP1= @ 0.7009
TP2= @ 0.6992
TP3= @ 0.6961
TP4= @ 0.6896
TP5= @ 0.6837
SL: Break Above R2
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💡Don't miss the great buy opportunity in USDTRY Trading suggestion:
". There is a possibility of temporary retracement to suggested support line (7.8242).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. USDTRY 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 61.
Take Profits:
TP1= @ 7.9028
TP2= @ 7.9588
TP3= @ 8.0394
TP4= @ 8.1861
TP5= @ 8.3224
SL= Break below S2
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BSV weekly open == low might mean there is room for it to drop.In my trading days usually a candle stick usually has two wicks, one for the high and one for the low. This week is a perfect set up where the lowest part of the candle is also the open of the candle. That means the week opened up the bottom wick didn't form and bsv went up right away. If 90% of the time both sides of the candle has a wick, then this is a pretty good indicater that the price currently at 180$ will drop to form a bottom wick making the weekly low lower than the open. This is probability on my side, and I only sold a fraction of my position to capture some profits then get back in to increast my position. This week is contraversial to the last post I made about BSV, but as the price changes so does the plan. God bless.
💡 Don't miss the great buy opportunity in USDCHFTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.9035). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. USDCHF 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 70.
Take Profits:
TP1= @ 0.9095
TP2= @ 0.9140
TP3= @ 0.9190
SL= Break below S2
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💡 Don't miss the great sell opportunity in AUDUSDTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (0.7375). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. AUDUSD is in a range bound and the beginning of 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= @ 0.7330
TP2= @ 0.7265
TP3= @ 0.7220
SL: Break Above R2
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After a significant drop in Bitcoin price , the price is in a correction wave.
What makes the chart interesting today is that:
. Bitcoin is likely to challenge the 18042 ~ 18227 resistance area.
. A break above 18227 could push the pair to the 19487 area .
. A resistance rejection , however could lead to another retest of the lower supports.
Will the Bitcoin see a rejection from the resistance area or an upside breakout?
No one knows it! We have to wait and see!
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GOLD (XAUUSD) - Weekly Technical Analysis UpdateMidterm forecast:
While the price is above the support 1747.50, resumption of uptrend is expected.
We make sure when the resistance at 1848.75 breaks.
If the support at 1747.50 is broken, the short-term forecast -resumption of uptrend- will be invalid.
Technical analysis:
While the RSI resistance #1 at 62 is not broken, the probability of price increase would be too low.
A peak is formed in daily chart at 1898.75 on 11/16/2020, so more losses minimum to Major Support (1747.50) is expected.
Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
Relative strength index (RSI) is 31.
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💡 Don't miss the great sell opportunity in GBPUSDTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (1.3365). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. GBPUSD is in a range bound and the beginning of 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= @ 1.3310
TP2= @ 1.3272
TP3= @ 1.3230
TP4= @ 1.3190
TP5= @ 1.3125
SL: Break Above R2
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💡 Don't miss the great buy opportunity in USDCHFTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.9095). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. USDCHF 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 44.
Take Profits:
TP1= @ 0.9145
TP2= @ 0.9190
TP3= @ 0.9205
SL= Break below S2
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💡 Don't miss the great buy opportunity in USDJPYTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (104.2). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. USDJPY 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 77.
Take Profits:
TP1= @ 104.85
TP2= @ 105.10
TP3= @ 105.65
SL= Break below S2
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💡Don't miss the great sell opportunity in Gold (XAUUSD)Trading suggestion:
". There is still a possibility of temporary retracement to suggested resistance line (1848.92).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. Gold is in a range bound and the beginning of downtrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 23.
Take Profits:
TP1= @ 1830.74
TP2= @ 1816.68
TP3= @ 1792.64
TP4= @ 1766.74
TP5= @ 1744.73
SL: Break Above R2
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💡 Don't miss the great sell opportunity in NZDUSDTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (0.6945). 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 downtrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 40.
Take Profits:
TP1= @ 0.6896
TP2= @ 0.6860
TP3= @ 0.6815
TP4= @ 0.6750
TP5= @ 0.6686
SL: Break Above R2
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