Crude OIL has approached new highs following on going tension between Russia and Ukraine and now things are likely to seem normal. Technically, OIL has formed Evening Star candlestick pattern on daily chart at monthly pivot resistance level and momentum indicator MACD gives fresh sell signal, indicate oil has found top .
Once oil slides below confirmation level,...
Bitcoin, BTCUSD forms Morning star candlestick pattern on Lower Bollinger Band at weekly chart and RSI turns up near by 40 level and crosses the 9 weeks average line, means the No 1. crypto finds the bottom.
Any weekly closing below 32.9 k will invalidate this set up.
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Looking into price action, EURUSD forms Morning Star Candlestick pattern with bullish divergence on RSI daily means bottom is done. Invalidation for the pattern is daily closing below 1.1121
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Dear Gold traders!
Technically GOLD tests 0.786 Fibonacci retracement level of November 2021 highs to December 2021 lows with spinning top Candlestick pattern at the top and slides from there, at the same time daily MACD generates sell signal means we may see more weakness ahead.
Happy trading
The dogecoin killer, Shiba Inu. forms nice bullish reversal candlestick pattern - 3 inside up with bullish divergence on daily MACD. The invalidation level remains at 0.00002541 .
Happy trading
AQN World. www.aqnworld.com
Silver XAGUSD has formed shooting star candlestick pattern at 0.50 Fibonacci retracement of November 2021 High to December 2021 Low seems like white metals is under pressure.
NZDUSD tests 0.382 Fibonacci retracement support with Bullish Engulfing candlestick pattern and RSI daily unfolds bullish divergence, looks like NZDUSD eyes higher from the recent low.
USDCAD forms shooting star candlestick pattern at resistance zone, daily closing below 1.2832 confirms the pattern and RSI failures to make higher swing. Have a closer look on the pair.
Happy trading
www.aqnworld.com
XRPUSD was strongly getting resistance with its 200 MA since last many months. Now it is successfully closed and trading above 200 Moving Average the very most important sign of bullish rally.
Keep buying XRP at every pull back.
Ripple XRPUSD confirmed inverse head & should pattern which is one of the most important bullish reversal pattern. The inverse head & shoulder confirms that the low is done by XRPUSD and now approaching for new all time high.
Happy trading.
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A sharp rise from 0.25 level towards 0.80 has character of Wave A. Topped at around 0.80 XRUPUSD is making a correction. On going correction trades inside a triangle possibly a b c d e wave of B. As per Elliott Wave theory wave b could be abcde triangle. Traders its time to long XRPUSD for 0.80 or above.
