Key Points. 1. The New Zealand Dollar is still struggling to find a direction. 2. on 30 March NZDUSD break Trend and now it is struggling. 3. On daily chart it is Falling wedge Pattern According to that if it goes up today and Complete Bat Pattern still it Gonna Come Down so double possibility of Bearish Reversal Bat pattern. ;)
btc bounce back from 7500 to 9500 end of the may be going to hit 12000$ to 13500
Potential short entry on AUD USD, It is moving in Range, and expected to Break Support. Potential Entry on either on breakout or when Price retrech to support and retest support level.
Aud/USD Moving in Range, It is expected to Break the Range downside and potential Entry when Price Retrech and Retouch to the Support line
US 10 year yield at 2.80%. (Price falling) Weekly chart Cup pattern breakout seen at 2.67%. 3% plus possible. Not a good sign for global equity markets.
Just to put in a prospective, following traditional technical analysis can lead to good trades and necessarily no need to trade every other day. It is question to be asked if fundamental make the technical or fundamental can be predicted by the technical. Nevertheless it is always to good to have both technical and fundamental knowledge in your trading arsenal.
Ascending Triangle pattern formation on USDCAD. Trade: Long Entry - 1.24430 Target - 1.26630 Stop loss - 1.22250
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
Ascending Triangle pattern formation on USDINR and the price near to the DEMA 200. Trade: Buy above - 65.025 Target 1 - 65.525 Target 2 - 66.135 Stop Loss - 64.295
Currently BitCoin has started to show up Signs that it might crash back to $1150 very soon. Their are couple of patterns in charts that i look for which are probably best for reversal indication and they are forming up in higher time frame charts of bitcoin. but there is more.. 1- BitCoin Has recently broken above a long term curve at 1500, but there is very less...
The uncertainty of the upcoming french elections as well as the weakening US dollar will make the EUR touch its long term resistance @ 1.0778-1.08.
STEEM has had a great rally this past week, with BTC rallying, Its time for the alts to consolidate and bottom out before the new alt season. STEEM is expected to fall back to the 33-35k sats support region before its next rally.
BTC is on the verge of making a historic run breaking the 2000 USD psychological barrier with an expected high in the 2200 USD region before a consolidation back to the 1600 USD region. There is expected to be a huge influx of 'New Money' coming into the Crypto Sphere.
Balance B/O , SL 66.20 (if it enters upper balance), target 1 isPOC of lower balance which is around 65.25 and target 2 is lower bracket of balance around 64.3