CHZ/USDTPERP Long-Term Trend: Bearish Key Resistance Levels: 0.26050, 0.29521, 0.30000 Key Support Levels: 0.23221, 0.21282, 0.21200 Daily Chart: The price on the higher time frame is traded inside a support & resistance which are respectively the 0.23221 & 0.26051 USDT marks. The market tested the resistance and failed to break where it left a bar with long wick to the …
Read More »Joe Damien
CHF/JPY Potential Upward Movement
CHF/JPY Long-Term Trend: Bullish Key Resistance Levels: 121.53, 122.54, 123.00 Key Support Levels: 120.58, 118.84, 117.76 Daily Chart: The price on the higher time frame succeeded to break the strong resistance around the 120.58 USD mark where it posted an engulfing bullish pattern. This could lead to a further movement to the upside in the same direction of the main …
Read More »USD/JPY Potential Upward Movement
USD/JPY Long-Term Trend: Bullish Key Resistance Levels: 110.55, 111.63, 112.00 Key Support Levels: 109.70, 109.35, 108.61 Daily Chart: The price on the higher time frame failed to break a strong daily support around the 109.35 USD and it is forming an inverse head and shoulders which show that a potential reversal could occur. If this is the actual scenario, a …
Read More »LIT/USDTPERP Potential Upward Movement
LIT/USDTPERP Long-Term Trend: Bullish Key Resistance Levels: 4.236, 6.203, 7.791 Key Support Levels: 3.064, 2.429, 2.045 Daily Chart: The price on the higher time frame succeeded to break the strong resistance line around the 3.064 USDT and retrace to it. The market continued its move upward in the same direction of the main trend by posting three consecutives bullish bars. …
Read More »EOS/USDTPERP Potential Downward Movement
EOS/USDTPERP Long-Term Trend: Bearish Key Resistance Levels: 3.884, 4.430, 4.440 Key Support Levels: 3.479, 3.148, 3.130 Daily Chart: The price on the higher time frame failed to break a strong resistance area around the 3.884 USDT mark, which led to a reversal and a formation of a bar with a long wick to the upside. Further movement to the downside …
Read More »SRM/USDTPERP Potential Upward Movement
SRM/USDTPERP Long-Term Trend: Bullish Key Resistance Levels: 3.843, 4.623, 4.700 Key Support Levels: 3.043, 2.610, 2.500 Daily Chart: The price on the higher time frame failed to break a strong support area around the 2.610 USDT mark, which led to a reversal and a formation of a double bottom near this zone. In addition we noticed that the market succeeded …
Read More »GBP/CAD Potential Upward Movement
GBP/CAD Long-Term Trend: Bullish Key Resistance Levels: 1.7429, 1.7570, 1.7600 Key Support Levels: 1.7218, 1.6995, 1.6950 Daily Chart: The price on the higher time frame, was in a clear upward movement before posting a correction count to the strong support around the 1.7218 USD mark. We are expecting a continuation of the trend to the upside in the coming hours. …
Read More »CRV/USDTPERP Potential Downward Movement
CRV/USDTPERP Long-Term Trend: Bearish Key Resistance Levels: 1.617, 2.031, 2.100 Key Support Levels: 1.274, 1.103, 1.090 Daily Chart: The price on the higher time frame, was in a clear downtrend where it posted a correction count below the strong daily resistance around the 1.617 USDT mark. In addition, we noticed that the price left a bar with a huge wick …
Read More »NZD/CHF Potential Upward Movement
NZD/CHF Long-Term Trend: Bullish Key Resistance Levels: 0.6440, 0.6500, 0.6550 Key Support Levels: 0.6385, 0.6317, 0.6300 Daily Chart: The price on the higher time frame is traded inside a bearish channel formation. It posted at the lower end of this pattern a double bottom pattern which shows that a potential reversal might occur plus the pair failed to break a …
Read More »AUD/CHF Potential Downward Movement
AUD/CHF Long-Term Trend: Bearish Key Resistance Levels: 0.6801, 0.6895, 0.6900 Key Support Levels: 0.6712, 0.6652, 0.6600 Daily Chart: The price on the higher time frame is in a clear downward movement where it is posting lower lows and highs. It succeeded to break a strong support (now resistance) around the 0.6801 USD mark where it posted a shooting star candle …
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