Blueberry Markets

2022-08-27 01:33:20 The #Forex Market Wrap is here!

Watch the video to learn what key levels have been hit this week!
https://blueberrymarkets.com/market-analysis/news/forex-market-wrap-26th-august/

Trading in margin is high risk.The #Forex Market Wrap is here!

Watch the video to learn what key levels have been hit this week!
https://blueberrymarkets.com/market-analysis/news/forex-market-wrap-26th-august/

Trading in margin is high risk. Open / Comment

2022-08-26 16:19:45 [SELL] XRMUSD - Bearish - We look to Sell a break of 149.96

Trades with a bearish descending triangle formation
150.18 has been pivotal
Trading close to the psychological 150.00 level
A break of bespoke support at 150.00, and the move lower is already underway


Stop: 152.48
Target 1: 142.51
Target 2: 141.01

Chart Open / Comment

2022-08-26 16:07:42 [SELL] XRP - Bearish - We look to Sell at 0.3809

Bespoke resistance is located at 0.3800
0.3811 has been pivotal
Daily signals are mildly bearish
Preferred trade is to sell into rallies


Stop: 0.3891
Target 1: 0.3603
Target 2: 0.3553

Chart Open / Comment

2022-08-26 15:58:39 [BUY] Bitcoin - Bullish - We look to Buy at 21251

Trading within a Corrective Channel formation
The trend of higher lows is located at 21200
Dips continue to attract buyers


Stop: 20688.0
Target 1: 22648.0
Target 2: 23148.0

Chart Open / Comment

2022-08-26 14:41:51 [SELL] US2000 - Bearish - We look to Sell at 1974

Sentiment remains negative despite the pull-back higher in prices
Previous support at 1970 now becomes resistance
We look for a temporary move higher
Resistance could prove difficult to breakdown
We look to sell rallies


Stop: 2005.0
Target 1: 1903.0
Target 2: 1880.0

Chart Open / Comment

2022-08-26 14:32:08 [SELL] NDX100 - Bearish - We look to Sell at 13262

News events could adversley affect the short term technical picture
There is scope for mild buying at the open but gains should be limited
A Fibonacci confluence area is located at 13267
We look to sell rallies


Stop: 13462.0
Target 1: 12803.0
Target 2: 12700.0

Chart Open / Comment

2022-08-26 14:24:05 [SELL] US500 - Bearish - We look to Sell at 4215

News events could adversley affect the short term technical picture
There is scope for mild buying at the open but gains should be limited
The 50% Fibonacci retracement is located at 4218 from 4326 to 4109
Resistance could prove difficult to breakdown
Preferred trade is to sell into rallies


Stop: 4256.0
Target 1: 4110.0
Target 2: 4080.0

Chart Open / Comment

2022-08-26 14:03:41 [SELL] DOW30 - Bearish - We look to Sell at 33501

News events could adversley affect the short term technical picture
A Fibonacci confluence area is located at 33500
We look for a temporary move higher
Resistance could prove difficult to breakdown
Preferred trade is to sell into rallies


Stop: 33787.0
Target 1: 32810.0
Target 2: 32600.0

Chart Open / Comment

2022-08-26 12:28:11 [SELL] Litecoin - Bearish - We look to Sell at 56.40

Daily signals are mildly bearish
Horizontal resistance is seen at 56.50
We are assessed to be in a corrective mode higher
We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back lower


Stop: 57.32
Target 1: 54.01
Target 2: 53.0

Chart Open / Comment

2022-08-26 12:17:48 [SELL] Litecoin - Bearish - We look to Sell at 1676.8

Broken out of the channel formation to the upside
The medium term bias remains bearish
Selling pressure resulted in the market posting net daily losses
Preferred trade is to sell into rallies
Expect trading to remain mixed and volatile


Stop: 1723.8
Target 1: 1533.4
Target 2: 1500.0

Chart Open / Comment