DOT/USDTPERP Long-Term Trend: Bearish Key Resistance Levels: 11.77, 10.56, 10.00 Key Support Levels: 12.96, 13.60, 14.66 Daily Chart: The price on the higher time frame succeeded to break the bearish pennant formation to the downside which shows that the sellers are in clear control. The market managed to break the strong daily support around the 12.96 where we expect further …
Read More »Joe Damien
EUR/GBP Potential Upward Movement
EUR/GBP Long-Term Trend: Bullish Key Resistance Levels: 0.8566, 0.8588, 0.8600 Key Support Levels: 0.8538, 0.8502, 0.8450 Daily Chart: The price on the higher time frame failed to break below a strong support which is the 0.8538 USD mark. This led to a reversal and a move upward by posting a huge fake breakout to the downside. EUR/GBP Medium-Term Trend: Bullish …
Read More »XAU/USD Potential Upward Movement
XAU/USD Long-Term Trend: Bullish Key Resistance Levels: 1844.61, 1852.39, 1855.71 Key Support Levels: 1825.19, 1815.33, 1798.13 Daily Chart: The price on the higher time frame posted a double bottom which led to a reversal and a move upward. It entered into a parallel channel where it broke to the upside with a big bodied bullish candlestick showing that the bulls …
Read More »RSR/USDTPERP Potential Downward Movement
RSR/USDTPERP Long-Term Trend: Bearish Key Resistance Levels: 0.02180, 0.02264, 0.02349 Key Support Levels: 0.02053, 0.01974, 0.01916 Daily Chart: The price on the higher time frame found sellers around the 61.80% Fibonacci retracement level which led to a huge selloff and a breakout of the bearish pennant formation. We expect further movement to the downside in the coming hours. RSR/USDTPERP Medium-Term …
Read More »CAD/JPY Potential Upward Movement
CAD/JPY Long-Term Trend: Bearish Key Resistance Levels: 87.10, 86.75, 86.09 Key Support Levels: 87.99, 88.80, 89.73 Daily Chart: The price on the higher time frame posted lower lows and highs which shows that we are in clear downtrend. It managed to break the daily support around the 87.99 USD mark with a big bodied bearish candlestick. CAD/JPY Medium-Term Trend: Bearish …
Read More »SRM/USDTPERP Potential Downward Movement
SRM/USDTPERP Long-Term Trend: Bearish Key Resistance Levels: 3.170, 3.893, 3.900 Key Support Levels: 2.606, 1.955, 1.900 Daily Chart: The price on the higher time frame managed to break the strong support (now resistance) around the 3.170 USDT mark. This shows that the sellers overwhelmed the buyers especially that the breakout came along with several daily bearish candlesticks below the strong …
Read More »GBP/AUD Potential Upward Movement
GBP/AUD Long-Term Trend: Bullish Key Resistance Levels: 1.8659, 1.8717, 1.8750 Key Support Levels: 1.8512, 1.8470, 1.8430 Daily Chart: The price on the higher time frame managed to break the strong resistance (now support) around the 1.8512 USD mark. This shows that the buyers overwhelmed the sellers especially that the breakout came along with several daily candlesticks above the strong resistance. …
Read More »EUR/GBP Potential Downward Movement
EUR/GBP Long-Term Trend: Bearish Key Resistance Levels: 0.8523, 0.8529, 0.8542 Key Support Levels: 0.8503, 0.8493, 0.8485 Daily Chart: The price on the higher time frame managed to break the strong support (now resistance) around the 0.8529 USD mark. This shows that the sellers overwhelmed the buyers especially that the breakout came along a big bodied bearish candlestick with no tail …
Read More »AUD/CHF Potential Upward Movement
AUD/CHF Long-Term Trend: Bullish Key Resistance Levels: 0.6895, 0.6912, 0.6950 Key Support Levels: 0.6818, 0.6784, 0.6750 Daily Chart: The price on the higher time frame is traded inside a bearish channel formation where it found support around the 0.6784 USD mark. This led to a reversal and a move to the upside and heading towards the previous key level which …
Read More »NZD/CHF Potential Downward Movement
NZD/CHF Long-Term Trend: Bearish Key Resistance Levels: 0.6387, 0.6427, 0.6450 Key Support Levels: 0.6330, 0.6315, 0.6295 Daily Chart: The price on the higher time frame is in a clear downtrend where it found sellers around the 0.65100 USD mark, and it tumbled all the way to break the daily support around the 0.6390 USD. An inside candlestick has been posted …
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