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Showing posts with the label support

EUR/USD is probably falling again

The pair is currently trading at 1.1575$ , daily high during asian session was 1.1607$ . The pair currently has strong resistance at 1.1685$ , you can short the pair now with stoploss on the event of an hourly candle close above the resistance. The next support for the pair is 1.1525$ , it might get broken as well. Follow me for updates on this trade and more.

Bitcoin finds support at 6300$

Bitcoin is currently trading at 6400$ slightly over the horizontal support area at 6300$ . Rsi (relative strength index) is showing positive signal trending higher on the 1h chart. Buy at current levels with target 6700$ atleast. Follow me for more updates on trading crypto and fiat currencies. My twitter handle : @b4borio

Eurusd is sitting on support

RSI (Relative strength index) is signaling support for the pair as show in below chart. The pair is also still supported with the famous 1.1560$ , which has proven to be the toughest resistance of all time , now turned into support. I am still recommending to buy eurusd for a big rally. Dont close this long trade with loss unless we break below support decisively. Follow me for updates on this trade and more . My twitter handle :@b4borio

Eur/usd is going to reverse

Euro will reverse its loss after the release of NFP report. Euro currently trading at 1.1580$ , earlier post i recommended buying eurusd at 1.1570$ and gbpusd at 1.12950$ The pair to 1.1560$ after the report and will probable end the day higher. 1.1560$ is proving to be a strong support for the pair and I still expect a big rally for the pair soon.

Gbpusd will rally

Maybe in medium term , we will see gbpusd trading at 1.32$ levels again. And in short term , the pair is still supported and maintaining the bullish look after its recent correction to 1.3030$ The pair still didnt fill the gap ,and as previously advised in previous post , it is recommended to go long at current level 1.2880$ area.

Eurusd supported at 1.1590$

The pair has reversed sharply from 1.1740$ to 1.1580$ . The pair is showing some strength at this area. The pair is firm and trading at 1.1614$ currently with next resistance at 1.1640$ area. So keep in mind those levels 1.1580$ and 1.1640$ acting as support and resistance respectively. Below 1.1580$ , the pair would be extremely bearish while bullish above 1.1640$ area. I recommend not taking any position now and waiting for the pair to trade at any of those areas and initiate a long or short position near the support and resistance respectively. Remember , Dont rush into trading , wait for a good opportunity and maintain a stop loss and risk reward ratio.

DGB/BTC will start a rally

Digibyte (DGB) is supported by a rising trandline and is giving a good bullish sign. Next resistance will be the bearish trendline at the area between .00000600 btc to .00000640 BTC. The pair is expected to rise as far as .00000903 BTC which is 1.618% fibonnaci extension level.

Ripple consolidating before break out

Ripple (XRP) is currently consolidating against USD before breaking out within the coming 48 hours. Next resistance lies at 1.25$ while next support lies at 1.120$. Ripple is currently trading at support and you can buy with tight exit with target around 2.30$ , first profit taking around 1.84$ if we break out of the wedge to the upside.