NZDCHFNZDCHF is in fine bearish trend and smoothly following bearish channel. Recently the pair has created a rectangle pattern and now break through the rectangle as well, suggesting more downside is on table.
Beyondtechnicalanalysis
NASDAQNASDAQ showing bullish setup from different bullish confluences. As in longer perspective index is in bullish channel. Within bullish channel it has formed bearish correction which coincide with recent broken level and now a retest. Will bulls took benefit from these levels ?
GMXUSDTGMXUSDT is trading in bearish channel and smoothly following technical pattern of break and retest of structure. currently the instrument is retesting the broken support level and seems like it is getting ready for another sell off.
HOOKUSDTHOOKUSDT was trading in bearish trend and now has given the breakout from declining trendline. currently the price is creating support zone around breakout region, 0.9395, will the buyers attach this region and push price even higher?
GBPJPYGBPJPY is trading in wide range of 400 pips and the Pair near the horizontal and vertical resistance.
Near any resistance need bearish rejection for good down side move
DXYDXY is looking in nice bullish momentum and continuously breaking through the major levels. Following the breakout retest pattern. Recently it break through 102 level. If it successfully retest this level it will be a nice bullish momentum.
GBPAUDGBPAUD is in enormous bullish trend and it is still looking for upside amid to weak AUD. currently the price is retracing to 50% fib level and also respecting bullish trendline. Will the bulls again attack this zone for another leg up ?
AUDNZDAUDNZD is trading in long term bearish channel and respecting well the highs and lows of channel. price formed temporary small bullish channel within large bearish channel but failed to sustain. Currently the pair is retesting the broken support level and it seems like the pair is heading to further downside.
EURNZDEURNZD is trading in bullish parallel channel, and created Head and Shoulder pattern at strong resistance area. At the resistance level, there is a nice confluence zone to short the market.
USDCADUSDCAD is currently trading in an ascending channel. The market made HH HL. It broke and closed above the resistance that was tested twice. Price is coiling up before breaking through the level.
ILVUSDTILVUSDT has broke through falling trend line as well as from local range. As the instrument is showing good bullish momentum after double breakout so we can expect that it is ready to go higher .
UK100UK100 is trading at strong supply zone and also created very strong bearish divergence, these confluences putting sell pressure on uk100. as the inclining trendline also waiting for 3rd pivot to trendline. Will UK100 decline to support area ?
GBPCHFGBPCHF is been in strong bearish trend and hitted the long term daily demand zone. As of now the the price has shown the fairly good reaction from this level. Currently the price is been range bound and seems like it is ready to break range.
USDJPYUSDJPY broke through bearish parallel channel. The market has created local demand zone around 140 region and showing good bullish momentum from that zone. Will the market sustain this momentum and continue to rally ?
AUDUSDAUDUSD is trading in symmetrical triangle. within the triangle the pair has formed local demand zone and seems like it will attempt for another bullish leg.
Bitcoin - What to expect?In this analysis, we will focus on KUCOIN:BTCUSDT 's price movements and the PVVM (Price-Volume-Volatility-Momentum).
Macro PVVM:
The Macro PVVM represents the long-term trend of BINANCE:BTCUSDT . As we can observe, the Macro PVVM has been fluctuating in the overbought zone between 101 and 221 over the analyzed period. Currently, it stands at 146, indicating a positive but slightly weakening long-term trend. While the value remains above 0, suggesting a bullish outlook, traders should closely monitor any further decline towards the bearish territory.
Micro PVVM:
The Micro PVVM reflects the short-term trend. Over the past days, it has oscillated between 33 and -75 signifying a bearish short-term momentum.
Key Takeaways:
1. On the last two days, we observed that the Macro PVVM decreased from while the Micro PVVM also decreased. This indicates a bearish macro trend and a bearish short-term movement.
2. Both the long-term and short-term indicators align in showing a bearish sentiment, suggesting potential further downward movement for BITSTAMP:BTCUSD .
Conclusion:
Given the current analysis, traders should exercise caution in entering long positions due to the weakening long-term trend. Short entries might be considered.
ATOMUSDTATOMUSDT is looking strong for bullish setup. ATOMUSDT is repeating the same pattern over and over again. Currently the price is getting support from 9.5 region. if this level holds , it will be nice buying option.
OPUSDTOPUSDT seems to be in good bullish momentum and at the verge of breakout. Currently the instrument is facing resistance from but seems like it is ready to break it. if the price successfully close above 1.65, will be good buying option.
GBPAUD GBPAUD is trading in bearish parallel channel. And also completed ABCD pattern which signs for a bullish attempt. As the RSI being over sold seems like a potential buy setup.
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XAUUSDFrom last 2 weeks gold is been on enormous bullish trend. Currently PM is trading at strong supply zone. If this time gold rejected from supply it will head much more to downside.
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UNIUSDTUNIUSDT is in strong bullish trend and currently trading in bullish parallel channel. Currently the price is retracing to nearest level but seems like the instrument is getting ready for another bullish move.
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NZDUSDNZDUSD seems to be in good bullish momentum. Currently the pair has completed the 4th retracement wave around FINB golden ratio. Will the pair continue bullish trajectory and complete 5th wave.?
AUDCADAUDCAD has formed double top with strong bearish divergence. Which is potential reversal pattern. Will these confluences put the pair in sell pressure.?
