GBPUSD H4
Looking to realise this full correction down to 1.37400, probably something we focus on next week as opposed to this week.
Been a while since we saw a cable pullback, so this will be good for us to look to position ourselves in line with potential GBP longs again.
EURUSD - H4
Sat comfortably above 1.21500 now, clear resistance turned to support. Hopefully we can gear up enough to break 1.21800 and realise our first TP target of 1.22200.
From here we would need to break and retest and we could consider 1.23... One step at a time.
Technical Analysis and Outlook
With the completed Inner Coin Rally of $49,955 on Jan. 8th, and with the TARC conformation (Proprietary symbol not shown), Bitcoin is heading lower to its first destination Outer Coin Dip $27,460 . The significant Mean Sup $26,810 offers an immediate buying opportunity, while the next Ultimate Buy zone lies at $22,720 . The...
Signature bank is in the crypto banking business
there earnings will push up the price
The All time high was $162.86
We are 5% from that high water mark.
Once we pass this mark
it will run up like crazy
the 50 day moving average is way below the 100 and 200 day while the RSI is knocking on the ceiling
I am not buying any more - not financial advice.
2020 was a hard time for everyone because of Corona , but one of the biggest shock of stock market was Wirecard scandal.
I believe even after all this chaos around Wirecard, it would rise again in future. Of course the time could not be predicted.
Wirecard was a BlueChip stock, they have billions of Euro worth business running still now.
The share fell down...
DXY H4
We have dipped just below the marked S/R zone for the neckline/support retest, however 90.200 is the previous higher low support, so as long as this holds, I feel we should be okay to recover (USD strength).
This would then tie in nicely with what we have marked on GBPUSD shorts.
Technical Analysis and Outlook
The Euro retracement price action is in a corrective mode and well placed following completion of the Inner Currency Rally $1.2349 , and marginally Outer Currency Rally $1.2370 . Formation of Mean Res $1.2210 and Key Res $1.1173 are confirmed by Trade Selector System proprietary 'TARC' symbol - Trade accordingly/appropriate to...
EURGBP H1 - Start of a potential reversal, double bottom on our big D1 support raised my eyebrows. Looking to break above 0.89400 and then retest 0.89100.
This would be a perfect start to a 2 stage reversal, but this is required before any further consideration. D1 support zone, failed lower low, break above key level and previous high, retest support. Bullish...
Hello Traders around the World and Malaysia,
I am currently learning Technical Analysis , and this analysis is what I call ("Learning Notes").
Any sort of constructive comments on my analysis are very much welcome and will be greatly appreciated.
Let us learn together, and grow together to be a better trader!
Sincerely,
Kenneth Lee
This is not a...
USDJPY H4 - Fresh lows being seen now on the lower timeframes, just need to sustain this for the daily close. Yesterday was a bit of a strange day to see initial strength (short lived on USD), but the bearish theme continues.
NZDCAD H4 - Popped higher, rejected supply initially at 0.92100, may just be a natural correction before a potential further shift upside. Another one to monitor and follow.
USDJPY H4 - Still bearish bias for the USD personally, there isn't any real reason to justify reasons otherwise. Popped back above S/R but nothing to indicate a change in trend, USDCAD is the anomaly, setting fresh highs off the back of OPEC talks. Summary in the above video.
EURUSD H4 - As we know, practically the mirror image of DXY. Trading above the s/r zone, resistance price at 1.22700-800, new highs required to maintain upside trend, and subsequently downside trend after fresh lows on DXY.
EURAUD D1 - Support to resistance range is back in play, support has been adjusted slightly after last weeks downside attempt, broke back above 1.61, rejected that monthly key level at 1.62, retesting 1.61 support zone again, could be a good area to catch bid if this support holds.
NZDCAD H1 - Potential lower timeframe consolidation break to fill the remainder of this structure from 0.90 support to 0.91500. Played out quite nicely, in terms of trading zones, retests etc.
