Wirex (WXT) is in uptrendHello Friends,
Currently, most of the cryptocurrencies are in a downtrend but WXT is in uptrend. It also looks like Wirex is forming an inverse head and shoulder pattern. We can get some decent profit if WXT continuous uptrend. Don't forget to manage your risk as the crypto market is highly volatile in nature.
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Do share your opinion in the comment section.
Dailychart
XAGUSD Break Above Major Support LevelI'm expecting to see a rally in XAG/USD after a break of a major support level 21.682 , tested in December, January and February which served also as resistance this month.
I won't be making any decisions till I see price break above for now
GoldViewFX - DAILY CHART UPDATED STRUCTUREHey Everyone,
We have updated the daily chart significant Goldturn support and resistance levels. The daily chart price is at a critical zone central zone. We saw price challenge 1804 Goldturn but we need to see how EMA5 reacts to this level.
EMA5 is crossing ma200 on market open, which may provide the momentum needed for further move below 1804 but can easily retrace back unless we see EMA5 cross and lock below 1804, which will give us the confirmation of a breakout into the range of 1741, instead of a fake out. A EMA5 rejection at 1804 will see price head back to challenge 1858.
We will keep a close eye on the daily chart structure and keep you all posted with any changes. Please don't forget to like, comment and follow to support us, we really appreciate it!
GoldViewFX
XAUUSD TOP AUTHOR
Gold 1850 Break SupportGold trades weak despite the correction in US dollar and treasury yields
Technical:
The near–term support is around $1840
AUDJPY STILL GOING LOWERAUDJPY sill on a down trend to filled in the rest gap in the market for short period of time. kindly do your analysis before conclussion
GBPUSD should be watch for reversalGbpusd should be an eye on for short reversal in order to filled back some gab in the market. Please do your own analysis before entry the market good luck
ACE OF WATERS - US Dollar (DXY) Index - Daily (75%w 8.5 R/R)Not the greatest ROI due to not trading a high frequency. However, 75% win rate with a profit factor of 25. Winning trades yield about 8.5x as much as loosing trades. Only trades about 60x per year and typically holds winning trades for about 6 days. Avg trade returns .65% ROI. Largest floating/running drown down during any given trade was .78% with the largest closing loss of .14%.
Slow and steady long term strategy with minimal running drawdowns with low risk, high return.
Be like water my friends.
ACE OF WATERS will be available for copy trading in MT4 - MT5 library soon.
BTC/USD Bullish DivI'm looking at some on-chain metrics such as dormancy levels, and I think if we can manage to decouple, it looks like a possible entry to accumulate. I see some bullish div on the RSI, so I'm going to be searching for some confluence in the upcoming days. On my previous weekly chart, I showed an Elliot wave scenario and mentioned I'm going to be looking for more confirmation on the shorter time frame. This is a hint of confirmation for me.
EURUSD trades weakEURUSD trades weak, markets eye US FOMC meeting
The pair declined once again after a minor pullback to 1.15770.
Technical-
Any breach below 1.04700 confirms a bearish continuation; a dip to 1.03400 is possible.
The immediate resistance to be watched is 1.0600; any violation above will take the pair to 1.0650/1.0700
GBPJPY Break Into CloudGBPJPY consolidating in a narrow range between 164.25 and 162.28 for the past three days.
immediate support is around 162, breach below will drag the pair to the next level to 159.
Dixon making head and shoulderDixon has made head and shoulder pattern on daily charts. It's a bearish head and shoulder and stock can correct upto 8 to 10%. Refer the chart for downside target.
Nifty's Daily Chart AnalysisHere I brings you the daily chart analysis of NSE:NIFTY
Going back to 23 march 2020 Nifty 50 found a strong support of a trendline and never go below that trendline until 23 November 2021.
But on 22 Nov 2021 , it gone below the trendline but still managed to close above trendline.
on 23 Nov 2021 it opens below the trendline but closed above it.
similar story for 24th and 25th November
But 26th November was the day when Nifty Opens below the trendline and closed far below it... that was the day since nifty never gone above it.
On 12th, 13th, 14th and 17th January 2022 it again tried to go above the previous ( Solid Dark ) trendline but failed to do so, and pushed below the newly formed downward trendline ( Dotted Trendline ).
Nifty again tried to cross above the new trendline on 2nd and 10th February 2022 , but failed.
From last six days Nifty continuously trying to go above the dotted line but every time it got rejections .
Conclusion of Analysis:-
1. Nifty may remain in the downtrend until it crosses the dotted trendline and sustain above it.
2. If it succeed to cross above the dotted trendline, Nifty may remain in a sideways trend until it breakout the 17800 zone.
This Analysis is not a trade recommendation, this study is purely for education purpose only, Do your own Study and Research before getting into any trades.
Sandbox following the same double bottom pattern as most altsYet another alt with the same pattern. It’s currently above its smaller double bottoms neckline and will likely confirm a breakout from that zone in the next couple daily candles.
XAUUSD Finally breakout Down ChannelBreak out 21-EMA and next eyes 55-EMA
If break 55-EMA next eyes 200-EMA and 200-MA
AAVE/USDTSafe entry is after completed head and shoulders pattern. For the risk lovers, there is a sample position on chart.
US100 Long Short AnalysisUS100 is in a strong downtrend and I will be using this analysis as a guide to follow price reaction
BTCUSD (Bitcoin) Testing Cloud BaseBTCUSD surged sharply above $39000 on upbeat market sentiment. The pair breaks 21- EMA after a long consolidation.
The breach above confirms minor bullishness. A jump to the next level of $43500/$46000/$48300 is possible.
DOW --> Shoulder Head ShoulderHello Traders.
- SHS pattern on daily basis
- Resistance cluster between 35380 - 35600 (a break trough will give price more upside momentum)
I expect a test of the neckline support next week.
Good Trades
USDJPY slips lowerUSD/JPY slips lower from 20-year high, weakness on account of technical correction, bias still bullish
Overbought conditions on oscillators and Spinning top on the daily candle may drag the pair lower
Major Support Levels:
S1: 127.30 (5-DMA)
S2: 126.13 (200H MA)
EURUSD Intraday trade ideaNext eyes 21-EMA and RSI below 50 and stoch momentum is bearish
the market was extremely bearish and now we can expect a local bull or even bullish here near these support zones.
XAUUSD Break into Daily CloudIf break trendline scope more bearish
and testing 21-EMA
RSI below 60 Bias lower
Stoch momentum is bullish
GBPCHF Daily Technical OutlookPrice action has found stiff resistance at daily cloud and further gains only on break above
GBP/CHF was trading capped between 55 and 110 EMAs, breakout will provide a clear directional bias.
GBPJPY trades higher GBPJPY trades higher for a third consecutive week on a weak yen.
GBP lost nearly 150 pips from a minor top of 1.31468 against the US dollar on board-based US dollar buying.
Technicals:
On the lower side, immediate support is around 164,
and a jump to 168 is possible
