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Showing posts with the label moving average

Ripple Broke another trendline

Ripple (XRP) broke the next bearish trend line and is rallying again to 1.3060$ . Now next real resistance will be around 2.30$ and it looks like there is a hot volatility in the market today and the market cap increased by 50 million dollars in just half hour. We are still long until we close below 1.05$ and I am now certain 80% that we will not see that level again before we test the broken bullish trend line . The pair is currently trading stably above the 200 SMA.

USD/CAD technical analysis 30-7

Usdcad has lost over 1000 pips over the last few weeks. Maybe it has paused for a while and recover to test the trend line shown in the below chart whih may be around 1.26 and the 200 MA lies at 1.2540 ... So you can jump in selling again at this area targeting 1.2460 and 1.2380..