Hello fellow traders, in this blog post, we will discuss the most hyped cryptocurrency Bitcoin in a technical as well as psychological perspective. From the zero line, we are calling bitcoin completed in the super cycle blue wave (a)...
Short Term Nasdaq Elliott Wave view suggests that the rally from 12/5 low unfolded as a double three Elliott Wave structure where Minor wave W ended at 6545.75 and Minor wave X ended at 6383.25. This week, the Index made a new high above...
EURGBP is trending lower in a shallow descending channel visible on its 4-hour chart. Price is approaching the channel resistance at the .8950 minor psychological level and might be due for a bounce. The 100 SMA is...
GBPUSD is trending higher on its 4-hour chart and looks prime for a pullback to the ascending trend line. Applying the Fib tool on the latest swing low and high shows that this lines up with the...
USDCAD broke above the bearish trend line on the 4-hour chart, suggesting that consolidation for the downtrend from 1.2920 is underway. Range trading between 1.2499 and 1.2600 would likely be seen in a couple of days. As...
USDJPY failed to break below 112.03 support, suggesting that lengthier sideways movement in a range between 112.03 and 113.75 is underway. Further rally towards 113.75 resistance would likely be seen in the coming days. Only a breakdown...
AUDUSD stays in a rising price channel on its 4-hour chart and remains in the uptrend from 0.7501. As long as the price is in the channel, the uptrend could be expected to continue and next target...
GBPUSD pulled back from 1.3612, facing the support of the bullish trend line on the 4-hour chart. As long as the trend line support holds, the pullback could be treated as consolidation of the uptrend from 1.3301...
EURUSD failed in its attempt to break above 1.2092 (Sep 8 high) resistance and pulled back from 1.2081. As long as the price is above the bullish trend line on the 4-hour chart, the pullback could be...
USDJPY has formed lower highs and found support at the 112.00 area, creating what might be a descending triangle pattern. Price is currently testing support and might be due for a bounce back to resistance if it...
