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Showing posts with the label support area

Ripple ($xrp) keeps falling

Ripple ($xrp) keeps falling after breaking the critical support at 1.05$ , it just keeps bleeding and it is currently trading at 72 cents. Selling your ripples when I told you at 1.14$ would have saved 40% ...so if you had 1000 ripples , you can now buy 1400 ripple and have much room for growth. Keep following for updates

Euro consolidating the rally

EUR/USD is currently between resistance at 1.2510$ and support at 1.2485$ . A break below 1.2485$ will open the road to real support at 1.2465$ which is 38% fibonnnaci retracment level while a break above 1.2510$ will clear the way for new highs this probably between 1.2580-1.2625$ area. Keep your eye on those levels and I prefer going short at the moment with exit if we close above 1.2510$

Eur/usd technical analysis 30-7

Euro has been rallying since the winning of macron over le pen . Closing above 1.0780$ then cleared the path for eurusd to 1.14$ and then tackling it to reach 1.1770$ so far. Would we see any retracement for the pair anytime soon? You can not tell and going against the trend will always put you in bad positions . So , technically euro would find support at 1.1703$ followed by 200 MA on the hourly chart which currently lies at 1.1650$ followed by the famous 1.1580$ On the other side , next resistance lies at 1.1740$ , followed by 1.1770$ and then multi year low 1.1860$ Fundamentally speaking ,the eurozone is still recovering and the pair is trading at fair value .

USDJPY Supported around 111.20

Usdjpy has finally found a very important support area which will recover from . The pair can find 200 daily moving average at 111.12¥ and it is very critical support area as shown below on the daily chart. The pair also can find support by trendline coming from 100¥ back in Novemeber before the surprising victory for MR....TRUMP Ok..that was it and I hope you get the idea and take your trading decisions wisely and enjoy profitable trading week.