Reason for selling AUDUSD
Fundamental factors are supporting the USD as the recent inflation figure beats the expectation 4.16% which causes the buying of USD against major pairs.
It has reached lower trendline area.Sell AUDUSD when it reaches around the .618 Fibonacci level and primary target would be 1.272 Fibonacci.
Sell limit @ 0.77770
the decentralized token has slept for almost 2 years we can see the thin liquidity during these 2 years On 06/01/2018 it has reached all time high.Today DNTUSD has retested the previous high the next upper side target would be 0.65 which is 127.2% Fibonacci stop lose may placed below 0.35
Appreciation of work is equal to donating one DNTUSD :-)
For the past two trading weeks gold was trading within confined range and unable to break on either side 1795,1760 was acting as strong barrier.Kindly watch the break out/down for potential buy/sell Upper side target would be 1815 and on downside immediate target would be 1750.
The battle between 54k and 60k was a recent trend in bitcoin as we can see that the bear unable to break the 54k firmly and the bull was unable to break the 60k
firmly and since March 14 BTCUSD was trading within this range. And waiting for further fundamental support further upside movement. Today its bounced again from
54K level and braked the price...
After reaching around 250.00 LTCUSD has started to falling and reached around 200.00 which is a major psychological level and this level
also coincides with .618 Fibonacci which will act as dynamic support and resistance for both bull and bear.In Elliot wave principal we can see
Wave D was already completed and the Wave E is underway. We can expect another...
The recent bullish trend has given a strong confidence in crypto investment. Bitcoin has managed to break the 60k level and felled back again below 60k level
Currently it was trading below the 59k level.At this level we can see a consolidation phase for the past 3 days soon we can expect a breakout here.
I have identified one triangle formation here which...
Has managed to break the broad falling wedge pattern and retested once around 0.92500 level and bounced back towards 0.93000
And we can see a series of HH HL HH pattern here which is a clear sign of the bullish trend. The next possible upside target would be 0.93500 and 0.94000
In second quarter of the 2020 USDCHF has managed to fell below the 0.90000...
The cryptocurrencies have the tendency to repeat its cycle and i am expecting that the sudden drop after the accumulation happens regularly and after the sudden fall we can see a gradual rising and ultimately went above the previous high level
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DXY has managed to broke the trend line yesterday with strong bullish candle and reached 93.50 level and currently DXY is in consolidation phase.93.67 and the .50 Fibonacci will act as decent resistance for the bull. If this levels are broken then we may expect DXY will reach 94.75 level
NIFTY is trading in a rising channel at around 12000.00 key psychological level and formed a double
top formation which is a clear sign of bearish trend. We can expect short term retracement towards 11625.00
which is a previous high turned support level and the next primary target would be 12400.00. If the 11625.00
level was broken then the immediate downside...
As CHF is considering as one of the safe heaven assets along with JPY its gained some strength during this financial crisis time
The Elliot wave is forming in this chart we can see that Wave 02 is almost completed and stated its run to complete the wave 03
It will form descending channel.
We can open short positions at this level which is...
EURUSD currently completes its Elliot correction wave of C which is further signalling the buyers are in near term control
From the current level 1.10000 which is a major psychological level, We can open long positions
Primary target would be 1.11400, Which is recent resistance level
Stop lose may placed below the completion of Wave C
The oil dependant canada is nowdays struggling to recover as the oil prices are are at low level and currently trading at 20 dollar per barrel
Which inturns its affects the CAD negatively
Currently in USDCAD Elliot wave if forming, Wave 01 is completed and wave 02 is forming
We can expect to close this wave at resistance level 1.42100 which is...
Gold has crossed the major psychological level which is 1600.00
And currently trading at 1620.00 level
It has broke the triangle formation and reached the top side level of 1620.00
We can expect short term fall back towards 1606.00 level
From this level suitable long position may open at 1606.00
Take profit will be 1628.00
Stop lose may...
EURUSD is trading in a rising channel. So far the Channel support was not broken
Weakness in USD will support the long in EURUSD
Suitable long positions may open at 1.08545
Potential take profit will be 1.10140
Stop lose may placed below the channel support level 1.07800
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The pair trading in a bearish market since November last week.and erase most of the gains.
Now its trading at major resistance level at 78.6% Fibonacci
From the 1.03900 level we can open buy orders and Potential take profit will be 1.05100
Stop lose may be placed at 1.03360 level
The fundamental factor causing the negative pressure on JPY and the industrial outputs are stumbling and BOJ are in the verge to cut the rates in coming months
this pair currently trading at 76.350 level and may retrace back towards 75.850
There we may open the buy orders and potential take profit will be 78.650. Its a 280 pips target.
Stop lose may placed...