Tag: Technical Analysis

Technical crypto analysis based on breakout – Buy ETH around $670.71

ETH – Technical Observation Ether pulled back perfectly towards the daily support $670.71 but failed to penetrate below it, the Wednesday’s candle is a perfect buy candle, and unless the price clear penetrates below $670.71 with a big red candle, this is a good opportunity to grab a long term long position with the first […]

Technical crypto analysis based on breakout – Short BTC now

BTC – Technical Observation As I said on the other day’s analysis, BTC continues to plunge to the lower side and even went below $8,204.50. I went short previously around $8,87.60 and is still holding onto this position. My long term expectations is that BTC should continue to loose value and may break below $6,945.12 […]

Elliott waves crypto analysis – Buy Ethereum above 705.37

ETH – Wave Analysis The corrective three wave cycle continues to rally to the lowerside but is still above the immediate supportive trendline. As long as the price is contained above this trendline, this is a good buy place. However, instead of going long now, we’re waiting for a sign that the corrective three wave […]

Elliott waves crypto analysis – We’re short with the first target at 7304.03

BTC – Wave Analysis The corrective three wave count continues to rally within the contracting wedge formation and even went below the hour support level 8400.37-8304.35. As long as the price remains below this zone, we expect a possible rally to the lower side. The anticipated bearish price rally will be the continuation of the […]

FX Market Analysis – 20 February 2018 (Video)

Senior Market Analyst Craig Erlam discusses this week’s key event risks, with the most notable being the UK jobs report and BoE inflation report hearing. Craig also gives his live analysis on EURUSD (11:04), GBPUSD (15:13), EURGBP (17:04), AUDUSD (18:36), USDCAD (20:02), GBPCAD (22:01), NZDUSD (24:47), USDJPY (25:44), GBPJPY (26:47) and EURJPY (28:24). USD/JPY – […]

EUR/USD – Is the Rally Running Out of Steam?

Are We Looking at an Overcrowded Market? It’s difficult to find anyone at the moment that isn’t bullish on this pair in the long term and under the current circumstances, they may have a point. However, these markets don’t move in a straight line (even bitcoin as the last couple of months has shown us) and […]

Forex Technical Analysis: Trend potential – Short EUR now.

EURUSD – Up Technical observation On the daily chair above,EURUSD broke down below a support zone(1.2393-1.2368),a bullish pin bar was then seen within the zone after the breakout then price went down, right now price is being corrected to the zone and I expect a possible rejection of it around the zone for bearish movements […]

Forex Technical Analysis: Trend potential – Re sell around (110.46-110.15)

USDJPY – Down Technical observation On the daily chart above,USDJPY has been trading on an upward trend,recently,price retraced to a resistance zone (110.46-110.15) but got rejected and is currently rallying towards a key line 109.79.I expect a possible rejection of price at 109.79 and a correction to the resistance zone to resellUSD with my take […]

Forex Technical Analysis: Trend potential – Sell around (1.4069-1.2023)

GBPUSD – Flat Technical observation Price broke down below a support zone (1.4069-1.4023) on 5th of this month, it then went down before correcting to the broken zone with a pin bar tail then continued down up to a key line 1.3792.Currently price is rallying towards (1.4069-1.4023) and I expect a rejection of it at […]

Forex Technical Analysis: Trend potential – Short EUR around (1.2379-1.2334)

EURUSD – Up Technical observation A clear breakout was seen on the daily chart above on 7th of this month this year when price went down below a support zone (1.2379-1.2334) with a big red candle, it then rallied below the zone and is currently retracing back to it.I expect a possible rejection and bearish […]