Bearish forecast on Pound/Kiwi Guys it has been a while, today we came out to you with our Bearish idea on GBPNZD. Pound has been trading low since Jul 2006, where I noticed falling resistance above the troughs/swings, view on W1. We have major resistance level daily, and weekly around 2.03166, and it has been tested on 17th Oct 2022. It bounced to weekly low...
Education Falling trend line: Rising trend line is the type of trend line which typically helps trader in identifying the exact bearish momentum (downward trend). The rising trend line or descending trend line, be connected from highest price traded within the time range, and connect to the lower prices of the asset or security. Traders may prepare for selling...
Education Rising trend line: Rising trend line is the type of trend line which helps a trader to identify the bullish moment or bullish range (Upward Trend). The rising trend line or ascending trend line should be connected from the last lower of the asset value to the last highest value or price of an asset. The rising trend line should have multiple prices...
Attention: Price levels to pay attention to: 1. $19,157 is Point of Control (The highest traded volume level for 2022) 2. $19,000 to $20,000 (Consolidation) 3. Price to $17,593 (if $18,800 sup fails to hold) 4. Breakdown of $15,551 (invalidation for bull) BTC has been trading lower year+ months, our chat study shows. The 1D falling resistance has been respected...
Attention: Price levels to pay attention to: 1. $19,157 is Point of Control (The highest traded volume level for 2022) 2. $19,000 to $20,000 (Consolidation) 3. Price to $17,593 (if $18,800 sup fails to hold) 4. Breakdown of $15,551 (invalidation for bull) BTC has been trading lower year+ months, our chat study shows. The 1D falling resistance has been respected...
EURCHF is 13 years low, well guys look at the trend channel parallel, you can notice the long low trading since may, this means EUR has been down for all that time, and yes, its has faced so many challenges like, Corona virus, Global inflation and more importantly Geopolitical tensions. fine. I have idea here, if the you can see from the chat the last lowest price...
EURCAD has long been trading lower from 1.46267 to 1.28892 all within descending trend channel territory. The poor EUR been struggling for it's value since 25th Aug, where it maintained the price within bearish flag that has been formed with trading ranges between 1.33352 and 1.28892. Breaking the flag below will hints for strong bearish pressure while breaking...
EURNZD BULKISH FORECAST ACTIVE ON H4, D1, & W1 AND MAY KEEP GROWING TILL 2023 EURNZD has been trading within ranging boundaries from 1.60771 to 1.82200 all during the time of Sep 2018 to sep 2022 weekly TF gave this view. Market has respected these zones, but we have falling trend channel which as well been respected since 1.87929 to the lowest level of...
Trading EUR AUSSIE will be profitable if you're looking for buy, both H4 and D1 came with our ascending trend channel where respected severally, we expect that to keep Trading till reaching our D point where is our major resistance. In our trend channel the Bullish flag has been formed and broken by aggressive bulls, this shows power has been shifted to bulls...
NEW ETH BEARISH IDEA ETH has been down for over the past 1year since 11Nov 2021 with highest price of 4868. The ETH price has been trading down and below falling resistance line up to date, and it is now trading within the range boundaries of 2027 and 1004. Due to the hawkish expectations from FED and Dollar's strength, we expect price to drop more for about...
BTC has been trading lower within the falling resistance boundary from 10th of November 2021 till date. I expect more down on BTC with the below reasons however FED's decision may change the game anytime, this is why we suggest trading with care, strong confirmations, and minimising risks. Bearish descending triangle, descending resistance weekly and daily,...
New Zealand Dollar against Japanese Yen, in D1 time frame, NZDJPY has been trading within a range territory from 82.226 to 87.270 and of course it's something to look seriously, from the resistance tested above or nearly 87.486. The ABCD Harmonic pattern suggest that the buying run may end soon because the completion of D has taken place and some rejection has...
AUDUSD seems vulnerable there has been a long respected falling resistance since 05 April which had traded with highest peak at around 0.76534. by that point then the Aussie keep falling like a Jo's waterfall🤑. Believe me, Trading Aussie (Australian Dollar) against Greenback (USD) will be more profitable if we look at the falling trend channel, and XABCD HARMONIC...
NZDUSD Since 07 July 2020, NZDUSD has been Trading in a range trend between 0.65356 and 0.74596. Why this matter? In 28th of April 2022 the strong support for year and months got broken, and later on it has traded for recovery from 065203 to 0.65646 however buyers lost stem to drive market again. The NZDUSD is now Trading below major resistance which has been...
Guys, As per as I'm concerned, I don't see anything that can stop King Dollar soon. Look at the clear bearish continuation with the ETH. I have been Trading bearing with ETH since 12th of August. And finally our ascending support line has been broken, this support line has been respected since 13th of July and was tested 29th of August and 7th September and...
All near support levels was broken this is why we expect sell more bearish pressure after retest till 1581. Remember the main falling resistance has been respected since 8th of March, as well as the local resistance since 12th August. If you still willing to buy Gold, wait for the break above the local falling resistance however that do not guarantee for full...
USDMXN I have the believe that USD may continue falling for few days or weeks, may be 2, this is just because of uncertainty. However tomorrow's CPI may really change the game. We can consider selling USDMXN today or tomorrow after the candle closure, so that we can eye the strong support level 19.48418.
My ETHUSD Idea, I'm not saying this must fall, but bear in mind that I'm bearish with ETHUSD. And it may not follow the exact path however it is more expected to break the ascending trend line /trend channel. The 4H trend channel is not a fully Bullish run but a correction, if you can remember the DXY has followed the way down due to the NFP report, and it was...