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Showing posts with the label technical analysis

GBP/USD is testing 1.30 , where to?

The pair has reversed sharply from the tough resistance zone at 1.3165$ . I did recommend a short there on my twitter account " @b4borio " . Now , the pair is trading at early 1.30$ , is it going to break? or pull back upwards. what i see here , is we are still in a correction and the pair is going to rally again. So , where do we buy it? Simple as it is on the chart , we have a chance now at this level which corresponds to 78% fibonnaci retracement. you can long the pair from here and you would quit on a close below. Your target would be around 1.3060$ You are free to share your thoughts below in the comments area , also if you have questions , I would definitely like to help.

Liberty Credits : LBC Make or break day

$lbc is testing a rising trend-line and if we break it , we will just continue falling. In case we see a rebound from here , we might retest 80 cents area again. Next support if this trend-line broken will be 25 cents , next resistance will be 70 cents to 85 cents. My recommendation , is going long from here and targeting 2.30 $

Digi byte ($DGB) : The Chart that says it all

$DGB is bound by a bearish trend line and supported by a bullish trend line as well. Lets see which one will win. it will be the bullish anyway and it should this month , we should break out in either direction and it is gonna be aggressive. Really aggressive , probably our first resistance will be 22 cents followed by 35 cents. Last target is 54 cents.

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 : $XRP technical analysis for 31-1-2018

Ripple Has fallen sharply after reaching all time high at 3.5$ , The pair tumbled to 85 cents 17 January and has been recovering since with high at 1.70$ (which is close to 38% fibonnaci retracement level. The pair has made some local support levels at 1.05$ , followed by 1.14$. Resistance areas currently lies at 1.14$ followed by Broken bullish trend-line and then 1.84$ . Target area in case of breaking the high of correction move would be 2.30$ area. it is preferred to stay long unless we close below 1.05$. If 1.05$ broken , then 91 cents will be next level of support.

Ripple : Bullish Trend-line will be retested

Ripple ($XRP) broke below the bullish trend line on the 1h chart and fall to 1.15$ close to our earlier mentioned critical support at 1.14$ where it formed double bottom. If we break below that level , the sentiment will be extremely bearish. We will have a chance of retesting the broken bullish trend-line and the intact bearish trend-line at 1.25$ as show below. If we manage to break that area successfully , $XRP will turn into bullish trend and possible rally towards 2.30$ area. Keep following for updates..

Ripple broke the bullish Trendline

Ripple ($XRP) broke the trendline which was supporting the pair so far. Currently trading 1.17$ Be careful ,as we might now break the 1.14$ critical support and might dip to 1.05$ if broken. I prefer waiting till we break the bearish trend-line. Keep following for updates.

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.

Ripple : Breakout within 48 hours

Ripple (XRP) is supported by a rising trend-line and is close to a break either upside or downside , hours will tell. We must see a break within the coming 48 hours. A break to the downside will put extreme pressure on the critical support area at 1.14$ which might be broken then. Next support will be at 1.05$ The pair will face some resistance on the upside before a break up at 200 MA on the 1h chart which currently lies at 1.30$ . Ultimate target before a real break out and beginning of another bull trend will be testing of 2.30$ area. Keep following for updates.

bitshares technical analysis and forecast

BTS/BTC is currently trading at 0.00008423 on poloniex exchange platform. The Pair is just sliding below 200 SMA and 200 EMA. Next area of support for the pair is around .00006900 , The pair is supported by a rising trend line and will probably retest the area of 0.00012000. Bitshares has a circulating supply of 2,596,520,000 BTS and it is traded actively on poloniex and bittrex which are very trusted exchanges. Built using the latest in industry research, BitShares 2.0 offers a stack of financial services including exchange and banking on a blockchain. Reference : https://bitshares.org/

Ripple technical analysis 1/7/2017

Ripple (XRP) is currently consolidating against bitcoin (.00010040) area , A daily close above .00011000 will clear the path for XRP to make further gains and target .00014 level and above. XRP/BTC is still trading below the 200 SMA and EMA , However it is supported by the lower bandwidth of bollinger bands and it is in a consolidation phase before resuming its rally. Ripple block-chain technology which helps banks and financial institutions make fast international transfer in just few seconds has partnered with both Japanese and Thailand banks this week,. That partnership may help be a catalyst for a further rally to break 1$ and above in the coming month.

EUR/USD breaking trendline and turning bullish

Below chart on the 1h frame shows the pair reversing and closing above hourly bearish trendline from 1.1260$ , Currently trading at 1.1215$ ... So for short term trade , you might want to wait for a test of the supporting trendline and go long targeting 1.1225$ area, However I dont recommend this trade as the pair is reversing on the weekly chart as shown in this post.

EURUSD Still bearish on weekly basis

That will be the trade for month of June , Possible good correction for #eurusd from multi month high not seen since before Trump winning presidency. On Weekly chart , You can see the pair reversing from bearish trend line. So , it is good to go short at current level around 1.12$ with Stop loss on weekly close above the trend line. The target of the correction will be around 1.0930-1.10$.... And there is a gap not filled yet between 1.0720-1.0820$ , So it might be targeting to fill this gap.

AUD/USD Short term recovery

Aussie has been sliding recently according to the concerns coming from china plus oil (WTI) slide from 54$ to 44$ . on the other hand , there was correction for USDCAD breaking a long term range and now struggling to make any further gains above 1.38 mark. Anyway , From technical analysis , The pair is making higher lows on the RSI on the 4h chart while the price is making lowers lows , which is a sign for possible correction on the horizon. Scaling to the 1h chart , you can see the pair is possibly trending. See chart below , make sure to go long /buy aud/usd when the price hits the trend-line and take profit at 0.7410 or when the RSI hits the 70 mark (overbought) level.

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.

Eur/USD Bearish short term

EUR/USD is not able to close above a trend line coming down from multi year low at 1.0520$ shown below .. ALSO , the stochastic oscillator indicator is giving a bearish signal as it had made a negative convergence which happens when the pair makes a higher high while the indicator makes a lower high... Pulling back from 1.1360 $ would be a sign of further weakness to come , I would put my first target at 1.1220 , then 1.1060 before we see a break of the support trend line coming from 1.0520$ A break below this line would bring 1.0780$ to your screens again For updates on that trade and new trade ideas , follow me on twitter : @boriology Happy profitable trading for you all.