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As per the chart, Bitcoin can move upside up to 8200 – 8400 after breakout of the blue line.
Overall, it’s under downtrend. BTC/USD will fall soon for 7000 – 6500 – 6000 below levels. Follow the upper trend line for accurate entry.
Additional: start making the short position below the orange line for the above targets
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What had I Said about USDCAD and USDCHF Index (Date: 15-05-2017 @ 03:31 AM, GMT +5:30)?
USDCAD
I had said “USD/CAD has paused after sharp reversal off 1.32604. Hourly resistance is given at 1.37513.
You will see 1.366169- 1.364266- 1.36008 levels soon.”
USDCAD HIT ALL TARGETS (1.366169- 1.364266- 1.36008levels).
USDCHF”
I had strongly said
“I will not take your much time. Just keep in mind these levels: 0.99563-0.99081-0.98655.
Resistance: 1.00549.
Must note: USDCHF long-term, Technical structure favors bullish bias.”
USDCHF TOUCH TWO TARGETS 0.99563-0.99081levels.
Are you reading Moneymunch Forex articles over 8 months? Do you remember GBPUSD long-term report?
Just click here if you forgot that.
I had written article about GBPUSD index @24th October 2016
”GBPUSD index was a failed attempt to recapture high; you had seen it cascade lower.
GBPUSD index (6/10/2016) is clues that the trend down was coming to end here, you will see 1.24324-1.27744 – 1.30560 levels soon.
Keep in mind MACD and RSI waits for up-signal, if GBPUSD crossover or closes below 1.18872 level you may see 1985 year’s low.”
IF GBPUSD index Cross or close below the trending support line indicate further weakness.
USD/CAD has paused after sharp reversal off 1.32604. Hourly resistance is given at 1.37513.
You will see 1.366169- 1.364266- 1.36008 levels soon.
I will not take your much time. Just keep in mind these levels: 0.99563-0.99081-0.98655.
Resistance: 1.00549.
Must note: USDCHF long-term, Technical structure favors bullish bias.
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You must watch French Presidential Election and German IFO Business Climate events today. It will play a big role in Euro currency price rate. These events can cause unexpected volatility!
Not promising: If we get time then I will update for you here.
USD/CHF has declined toward the support at 0.99433-0.99278-0.99147 levels before bouncing.
The Technical pattern is negative if USD/CHF below the resistance level 1.00252.
IF USD/CHF cross or close above the resistance level (0.99707), you will see above levels (0.99835 – 1.00079 – 1.00252).
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