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Exponential Moving Average (EMA)

USDDKK Downtrend should continueIt is not much here on the chart. What I found is that top of the upside down head and shoulders formation touches the lowest lows from last 2 years May 2016 and August 2015. Those two lows created very strong support/resistance area. Pair is rejected perfectly from this level. From my experience Upside down head and shoulder formations are very good sign suggesting further trend continuation witch is downtrend on our chart. TI would set TP are close to 6.00 and SL just above head. ... if pair will consolidate for some time I suspect that 200 ema will push pair lower
Short
by Krystiannwk
1
Is ARK future google of Cryptoccurency ? Update #1I would like point out few important things I found on the chart. We witnessed 3 major waves (not Elliot's) during the past year. Every wave finished with nice spike yellow circles. Every wave correction finished before or very close to Fibonacci level 14.6%. Every time it get close to this level double or even tripe bottom was formed which I marked with blue scarabs There is saying three times charm, but be aware that 5 is a magical number as well. ...to me 3000 is a very solid support... …If my idea is correct we can expect target around 30k as I mentioned in my previous one. Link below There is probably a lot more on this chart like for example look how the retracements are double in value in every wave so far. First U have 8200 then double close to the 16000 another one 32000. ...Yes these values are stretched a little bit to match the double ratio like in most cases in technical analysis. I'm trying to point out that this pair actually is moving in harmonic fashion and spikes and bottoms are not random like in the other pairs
Long
by Krystiannwk
1
SILVER HITS SUPPORT LEVELWatch carefully the price, if the price of silver goes below the support ( white ) line, then you could start selling. If it hits it and you see green candles forming, then it won't keep going down, and you could go bullish. Basically, if goes below the support line and breaks it, then short, otherwise you can stay bullish. Just watch carefully. From my point of view, there are more chances of the silver price going down, but we will see only in a couple of hours.
FX_IDC:XAGUSD
by YuriyFyedin
Ripple short This chart shows that this coin is not much different from the rest of coins. It is correlated with most of them and follows the same trend. I marked with yellowish rectangle nice price action with solid spike which was hold by GAP from daily chart for 3 consequential days. Pair never managed to go above this level for one full day. Currently it is trading below psychological level 5000 which is not really respected by market but it may stop another attempt to go higher. I would short it till 1000.
Short
by Krystiannwk
ABCD pattern after Friday's NFP EURUSD There is almost perfect ABCD patter on EURUSD 4H chart. Pair bounced from the strong support around 1.1660. Fridays NFP wasn't good for dollar as far as I can tell. My Profit target is just below GAP which was created Sunday two weeks ago. I marked the other GAP from the last week which rejected pair 4th of October(C). There are three important things which should be taken in consideration. - will open from Sunday will bring another GAP - how the pair will act when it will meet 200ema - how the pair will react to closest GAP I will update this idea next week.
Long
by Krystiannwk
SAFEX worth to take a closer look Based on recent price action I think it is good idea to consider buying some of them. We have 200 ema acting as strong support pushing pair towards north, triple bottom, GAP which may hold any drops and huge bullish candle on the Daily chart. I marked similar formation with Yellowish rectangle which may suggest similar price action in future I would set first TP around 750 or hold it for some time ans see what happens I think fundamentals are very positive for this pair too.
SLong
by Krystiannwk
1