USDJPY testing the narrow wedge resistance 1998 high USDJPY is breaking slightly above the 1998 high of 147.60. We can expect the rejection of the narrow wedge upside resistance 149 as this uptrend is maturing enough and is finishing the five waves upside. A confirmed break above 150 is […]
USDJPY in dangerous waters Read More »
NASDAQ bounce off 10500 NASDAQ needs to overcome 11000 for a medium-term uptrend reversal. A bounce off 10500 is a clear reversal signal and it is a confluence of the Fibonacci retracement support, horizontal support, and long-term wedge support. A break above 11000 will lead to a significant upside
NASDAQ is bouncing off the long-term wedge low Read More »
Bitcoin consolidation is almost finished DAX is reversing higher from the long-term wedge support 11800. A break above 12400 leads to an invalidation of the downside extension and is opening upside reversal acceleration to the 13500-14000 zone. The support for this swing higher is now the 12200-12400 zone. Note:
DAX upside reversal gaining traction Read More »
Bitcoin consolidation is almost finished Bitcoin consolidated between 17800 and 25000 and recently has been stuck at the long-term falling trend line. A break above 20500 would lead to a start of the upside reversal and a test of the key 25000 resistance. Now only a clear confirmed break
Bitcoin is ready for a reversal Read More »
AUDUSD testing 0.6250 AUDUSD is testing the broadening wedge support line and historical horizontal support line 0.6250. A bounce from here is required for the upside reversal and a pullback into 0.6800. This is the most probable scenario as the price action is reaching exhaustion of the downside here.
AUDUSD testing the broadening wedge support Read More »
