Quick update on GBP pairs.
It's rallied into some key resistance levels on my charts. This could potentially signify exhaustion and lead to speculative selling/profit-taking in the very short term.
Keep a watch on the formation of this daily candle, if it posts some kind of inverted hammer or outside day, then I may look to sell some GBP pairs next week in...
Canadian dollar was rising agains the Japanese yen from the end of August 2019. After correction in October the uptrend continued. The price reached its highest high on October 29-th. Right now it's correction time. Let's look at some technical and fundamental factors.
1. The currency formed some kind of 'bearish engulfing' pattern at its...
The Switzerland's currency was rising starting from 4-th October and now we see the possibility of a reversal
there is a bearish engulfing candlesticks patter which was formed on the top of the trend
the price is testing the trend line with the possibility of a reversal
MACD lines are widening - this is the preliminary signal to sell
Looking to set longs on a pull-back to support ($56.00) for a more sustained up move towards 2019 highs.
Descending triangle has broken higher
Double bottom formation has formed
Price action above Ichimoku cloud
Middle East tension on back of attacks on Saudi oil facilities - Iran being blamed
Expecting further build of tension and possible...
Gold - Intraday - We look to Buy a break of 1501 (stop at 1496)
Buying yesterday resulted in the sequence of 4 negative daily performances being broken. The medium-term bias remains bullish. The overnight dip has been bought into and there is scope for further bullish pressure going into this morning. A bullish reverse Head and Shoulders is...
Hi Guys my 1st video on TV!
Have kiwi yen trade set up ready to execute if price re-tests the 67.151 lvl that it broke through last night.
Weekly looks like bullish run
Low test candle on daily
3x bullish days daily
hit support level daily
(pullback on HTF bearish trend)
1hr bullish price action
hit support and bounce upside
Bitcoin - Intraday - We look to Buy at 10200 (stop at 9800)
A Morning Star formation has been posted at the low. Bias is mildly bullish today but we need to see a break of 10800 to confirm the upward pressure. Intraday dips continue to attract buyers and there is no clear indication that this sequence for trading is coming to an...
The low of 03/01/2019 started the Up-trend with a completed 3 Structural failures to the upside on 24/04/2019 making a higher high of 112.390.
What we have observed is price discounting itself. An opportunity to buy at a cheaper price level.
So, we have see a completed H&S inverted last week friday and we are looking for buyers to step into the usdjpy from...
US500 - Intraday - We look to Sell at 3020 (stop at 3030)
Our profit targets will be 2910 and 2900
Resistance: 3022 / 3040 / 3050
Support: 2970 / 2910 / 2900
Weekly – Close to an exhaustion count (trend line resistance at 3032)
Daily chart – Overbought
Intraday chart – Ending wedge. 261.8% lines up with the trend of
higher highs. A break...
Intraday - We look to Sell at 1400 (stop at 1407)
The medium term bias remains bullish.
With our medium term bias looking to buy dips and the short term bias indicating selling interest we are faced with mixed signals.
Selling posted in Asia.
Expect trading to remain mixed and...
Monthly – Triangle formation. Trend of lower highs at 0.9022
Daily - 261.8% and a DeMark 13
Intraday (four-hour) – Expanding Wedge has a bias to break lower
We look to sell EURGBP at 0.9000
Euro-zone retail sales declined 0.3% for May compared with consensus expectations...
EURUSD - Intraday - We look to Buy at 1.1282 (stop at 1.1242)
Inside Soldiers have been posted on the daily chart. Selling posted in Asia. The medium term bias remains bullish. Broken out of the wedge formation to the upside. The formation has a measured move target of 1.1448. The Marabuzo support is located at...
1D TF shows us a strong downtrend that initiated on March 26th of this year. And we see a morning star on June 20th that started a local correction up.
4HTF – The price is still currently slightly above the 9EMA. Approaching simultaneously the 200EMA, 23.6 Fibo Correction level and our local trend line.
Here we have to consider 2 possible scenarios: