Technical Analysis

Here’s the market outlook for the week: EURUSD Dominant bias: Bearish The market is bearish, but price was not able to go downwards seriously last week. Thus the market is bearish in the long-term, but neutral in the short-term. A strong opposition was particularly met at the support line at 1.1550, after which price bounced […]

NZDUSD Order: Buy Entry date: June 29, 2018 Entry price: 0.6777 Stop loss: 0.6573 Take profit: None Exit date: July 30, 2018 Status: Open NZDJPY Order: Buy Entry date: June 29, 2018 Entry price: 75.02 Stop loss: 72.98 Take profit: None Exit date: July 30, 2018 Status: Open NZDCHF Order: Buy Entry date: June 29, […]

BTCUSD Medium-term Trend: Ranging   Resistance Levels: $6,150, $6,200, $6,250 Support Levels: $6,000, $5,950, $ 5,900 Yesterday, June 27, price of Bitcoin was in a range bound movement. Today, the range-bound movement continued. The cryptoasset has been fluctuating above the $6,000 price level for four days. From the weekly chart, price of Bitcoin had fallen […]

BTCUSD Long-term Trend – Bearish     Distribution territories: $9,000.00, $10,000.00, $11,000.00. Accumulation territories: $5,000.00, $4,000.00, $3,000.00. The selling pressure against Bitcoin was as visible on June 22 this week. The cryptocurrency had previously seen its value go down over a week ago. Because of the strong selling pressure, the bears managed to pull its […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bearish The market swung upwards and downwards last week, without a directional movement. Nevertheless, the major bias remains bearish, and the outlook on EUR pairs is mostly bearish for this week. It is possible that price will test the support lines at 1.1600, 1.1550 (which […]

Edenville stock (LSE:EDL) has experienced what can best be called a false breakout.. The major bias is bearish, and thus, the current bullish breakout could end up being a temporary rally in the context of a downtrend. Price is above the EMA 11 but it is yet to close above it. Should price close below […]

Greatland Gold shares (LSE:GGP) are currently soaring, following a frustrating and boring period of trendlessness (January – June 2018). Price soars, thus ending the long-term ranging movement. The ADX period 14 is above the level 40, showing a very strong momentum. The DM+ is above the DM-, meaning that bulls reign. The MACD default parameters […]

Ethereum Medium-term Trend: Bullish   Supply zones: $700, $750, $800 Demand zones: $450, $400, $350   Ethereum is in a bullish trend in the medium-term outlook. The bears could not push price to the lower Bollinger band due to the loss in momentum at $519.86 in the demand area. The 10-day EMA acted as a […]

BTCUSD Long-term Trend – Bearish   Distribution territories: $9,000.00, $10,000.00, $11,000.00. Accumulation territories: $5,000.00, $4,000.00, $3,000.00.   Bitcoin was initially in a ranging movement last week but a very strong bearish Japanese candlestick occurred this week. The digital asset started experiencing a southward push on June 10, and soon BTCUSD saw a sudden volatile...

Here’s the market outlook for the week: EURUSD Dominant bias: Bearish The market began the current strong bearish movement in April. This month (especially from early June), price consolidated till June 14, before the large pullback we are currently witnessing. The large pullback has put more emphasis on the dominant bearish bias; thus price is […]