eyeseeart

eyeseeart Aug 7, 2023

FX:USDZAR Price seems to be at the top of a strong monthly descending trendline. The death cross happened last week (200 and 20 ema crossing) and caused price to drop. I believe it will continue to fall.

eyeseeart Aug 7, 2023

FX_IDC:USDCNY Price is at a tough spot and I should wait to make a guess. Price could break out of the triangle and retest the resistance zone(I didn't mark it but it will be the last high)before it shoots up -OR it will come back down to the daily support and continue in the range. All I can say for now is that I'm watching to see if a "death cross" will form...

eyeseeart Aug 7, 2023

FX_IDC:USDINR price is currently overbought on RSI and Bollinger Bands along with at a major resistance area. I believe price will fall to the bottom of the triangle. It is breaks the resistance zone, I will be looking for a retest before it continues to rise.

eyeseeart Aug 7, 2023

FOREXCOM:USDBRL price is at a major resistance zone and seems to be forming a double top on the daily time frame. Price should start heading down. Worst case it breaks the daily zone and hits the Monthly descending trendline (red). Price is currently overbought on the RSI and Bollinger Bands so there is a high probability it will go down.

eyeseeart Aug 7, 2023

FX_IDC:USDRUB Price is at a significant resistance zone. Currently, price is overbought and should have a pullback regardless. This will either retest the support line, continue up, or make its way back down to the bottom of the ascending triangle. From there we will see if price breaks, retests, and continues downwards to the next daily support zone or bounces...