[LINKUSDT] [March 12 2020] Market analysis Hi guys, this is my Market Analysis about LINKUSDT market, I do the trade using binance.
Marketanalysis
APOLLOTYRE : Sign of reversal ??? APOLLOTYRE : Based on trend and support/resistance levels in higher time frames ... if cross above 159.80 in next trading session, can take long trade.
PS: the above opinion is purely my own perception and not trading recommendation.
critical support 3010 is broken...possible more selldowns one of the critical support 3010 is broken today...I believe market is trading towards the downside...expecting more selldowns afterwards...of course, market is a bit volatile when it closes to the 16th of the month, the exchange date...If you trade fcpo long enuf, you will know what I mean...fcpo-march is going to experience low vol soon as fcpo-Apr will emerge as the new active month...
the trend should be clearer after the 16th Jan 2020, but still, market might has bias towards the downside now...unless higher-high is made after the 16th, a breakout of the price exceeding the 3150 then we shall see the price challenges new high after that...
a broken to the downside will see the price retest the previous resistance-turn-support level such as 2930...as shown in the diagram, has been tested multiple times before the new highs are set...
gbpusd projection 2020This is my projection for GBPUSD short term I am bullish however I believe this recent move is the second wave of a correction ABC pattern which in turn may be part of a larger WXY pattern.
UBERBased on Technical perspective price is currently rejecting underneath trend line and cross-section channel. Premarket trading shows negative start to week. Looking for Uber to make another swing down based on weak indicators
SPY EOY ForecastI think a leg to the 320 area or back down to the 303 area on the SPY are likely. Personally I have a bias towards the 320 side as we approach the anticipated completion of the US/China trade deal. Whether we actually get the deal or not is a coin flip in my opinion but I do expect the market to continue rising in anticipation. If it falls through then we will very likely see 303 and possibly lower and if we get confirmation of a deal (and it's a good one) we will likely print 320 and beyond in early 2020.
long term view of GBPUSDwe're currently in the middle of a month-long correction after the sharp spike in British pairs I believe we are due for another impulse that'll take us somewhere near 1.33xxx. we have 2 completed up waves and expecting a 3rd. with the 1,2,1 wave structure coupled with an expanding wedge, the yellow circle is a likely target.
GBPNZD Sell > H4> Wait for retest of area
> Price action rejection
> Sell
>
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prepare for launch in 5, 4, 3......looking at my moving averages we see price is pinching at the 50% fib level of the previous trend. I believe this is the next likely target for AU, couple this with 30 min divergence. I believe price is winding back for a major move north. i will trust my 30 min indicator with momentum before going long.
View On EURNZD D1 (05/11/2019)My view on EURNZD:
- MACD & ATR is decreasing to the bottom now => Volatility and momentum of price is decreasing
- Price action on D1 turned from rectangle to descending triangle
- Bollinger Band squeezed
- My prediction is price will break through 1.7321 (support level) and down to the next support level (1.7000)
Thanks for reading !
Fake break lower on audusd?although we broke lower out of the range, I am not convinced this is a downtrend. This looks more like a consolidation, before the next impulse that could go either way. I want to see a break of the short tremp trendline upwards before considering taking longs on AU.
My view on EURNZD D1 (07/11/2019)My view on EURNZD D1 (05/11/2019)
- MACD & ATR is decreasing to the bottom now => Volatility and momentum of price is decreasing
- Price action on D1 turned from rectangle to descending triangle
- Bollinger Band squeezed
- My prediction is If price will break through 1.7321 ( support level ) then it can go down to the next support level (1.7000)
Thanks for reading,
BenelliFX
AUDUSD: between a rock and a hard place.we are currently in a zone of uncertainty in AUDUSD, could we break out above this monthly downtrend line with momentum and conformation then this might be the bottom of AU's long downtrend. if not and we break current support out next target might be the lower timeframe trendlines below.
I'm hoping for a break above. but for right now we're doing nothing until price leaves the red zone with conviction.
View On GBPNZD (29/10/2019)- BB is squeeze now
- Price action is forming double top pattern
- ATR is increasing from bottom now
- When the trend line has been broken, I am going to expect price can move down to the support level (2.00000)
AUDUSD projection here we have my follow up chart for audusd, I am looking for an inverted head and shoulders pattern that subsequently ends up to be a mirror image of the left blue box. this does not rule out that price will not reverse lower and potentially make a triple bottom but that would be unlikely in my view.
Overall Market AnalysisMarket forecast is Midterm Neutral - Shortterm Bearish
Bullish Sectors are:
Healthcare
and Energy
Bearish Sectors are:
Consumer Staples
Financials
and Tech
projection for upcoming weekmy projection accepts 1 of 2 outcomes, either price drops and come within the trendline and the 50% fib level before going north. or we go north right off the bat with I see as less likely to occur.
EU 10Y government bond yieldsFrom bottom (most expensive) to top 10Y government bond yields. Germany, France, Spain, Portugal, Italy, Greece. The pairing that stands out is Italy and Greece.
no more longs on AUDUSD until inevitable correction. pt2Here is a less conservative projection of AUDUSD's correction that may occur this following week.
no more longs on AUDUSD until inevitable correction.we've achieved a 3 wave uptrend that began from the first of October. now we are yet once again in an overbought position and any new longs should be taken with precaution if not avoided altogether. I believe for this upcoming week we will see a dip in AUDUSD or probably a new downtrend.
USDT-USDStable coins also go through market cycles just like any other instrument. You would of course need to have standing orders in place awaiting execution.
Not financial advice!
