CADJPY broke and closed below a support line of a bearish flag pattern. Taking into consideration, that the pair is trading in a bearish trend, that violation may trigger a sell off. I expect a bearish continuation to 97.05 / 96.1 ❤️Please, support my work with like, thank you!❤️
Price broke the 1.19250 area on Tuesday and is now back for a retest from below. Should the level prove to be resistance and show signs of weakness this could be another opportunity to hop onto the trend and ride the momentum. If New York fails to drive the movement today, tomorrow is filled with Fundamentals including NFP which could be the catalyst to close the...
Break and Retest Set Up? A rebound back to a recently broken level around the 0.61300 area. Sellers lurking in this zone and will try and defend the zone from buyers. If the level holds, we could once again see KIWI tumble lower by the end of the week.
CADCHF was coiling for more than a month within a wide horizontal trading range on a daily. Its support was finally broken yesterday. I believe that the pair will keep falling now. Next support - 0.679 ❤️Please, support my work with like, thank you!❤️
Bitcoin currently holding just above 21.500. Topping pattern looks like it may now be complete with a double top formation. Buyers may once again attempt to regain control at 21.500 which could result in a temporary bounce hence creating a trap for longs. Big events happening in the crypto space on Friday which could trigger a market collapse.
Price is once again creeping towards support for a 5th attempt by the sellers to push lower. Despite numerous attempts, the buyers have successfully defended the zone since December 2022. Are we going to see another bounce or have the sellers now gathered enough momentum to break out of consolidation.
Double-Top confirmed with a break of neckline during New York today. A close below the neckline coupled with a strong Dollar opens doors to more potential to the downside for the next few weeks. Further interest rate hikes are expected later this month at higher rates than previously expected and today's speech by Powell may have very well put a nail in the coffin...
AUDUSD just made a new lower low. Thats inviting. I'm setting myself up to take another sell on her. I discuss the details in the video. Today, I'm going live at 1:00 pm EST. If you can't make it be sure to catch the replay. I'll be chatting on how to analyze your currency pair for trading success. I hope to see you there. -Shaquan
Final Lower high set during London this morning setting off the long anticipated break to the downside we discussed recently. Are we going to revisit the September 2022 All Time Lows at 1.03595? Time will tell. All I know is we`re in a Bear market for now and my plan is to look for selling opportunities until the trend proves otherwise.
Back in May of 2002 price created an imbalance in price for Dollar Index (Monthly Chart). Price had only participated in sell-side delivery, leaving behind buy-side inefficiency. Since that time price has returned to that Monthly SIBI (Sell-side Imbalance, Buy-side Inefficiency. Fully closing the imbalance, making price completely balanced. From that strong...
EURCAD has nicely respected a recently broken horizontal structure resistance. Probabilities will be high, that the market will initiate a bullish wave from that. Goals: 1.4547 / 1.46 ❤️Please, support my work with like, thank you!❤️
Is Bitcoin about to do the unthinkable ? The highlighted zone marks the 21500 zone and will play an important role in determining whether we continue to trade higher or if this is the beginning of another painful leg lower for long term investors. Perhaps an opportunity to buy at lower prices?
EURCAD broke and closed above a major horizontal supply cluster with a high momentum bullish candle yesterday. 1.441 - 1.446 is now turned into a demand zone. I will expect a bullish wave from that area to 1.455 / 1.46 levels. ❤️Please, support my work with like, thank you!❤️
A push to the upside ahead of BOE Gov Bailey"s Speech tomorrow. Could this be a bull trap setting up to trigger the next sell off ? If we continue to see Dollar strength in the market over the next few days this may well be the catalyst leading to a much weaker Pound over the next few weeks. A bearish monthly close for February signals bearish sentiment for March.
Here is the wave analysis for EURCAD. The market is currently consolidating with a horizontal trading range on a weekly, after a strong bullish impulse. 1.46 - 1.465 is the resistance of the range, 1.423 - 1.43 is its support. The upper boundary of the range matches perfectly with a key weekly resistance. Depending on the reaction of the price to the...
Detailed video analysis on Dollar Index. Key levels analysis. Price action. Potential scenarios & trading recommendations. ❤️Please, support my work with like, thank you!❤️
The Pound closed weak on Friday as the bearish sentiment continues to drive the market with what appears to be a Double Top on the Daily Timeframe 1.19000 marks what could be the neckline where buyers may attempt to regain control A break of 1.19000 confirms Double Top and should trigger more shorts In September 2022 the Pound dropped to 1.0350 forming a 37-year...
GBPAUD was stuck for some time on 1.75 - 1.763 horizontal supply area. That structure was finally broken this week. It turned in a demand zone now. I will expect a bullish wave from that at least to 1.788 ❤️Please, support my work with like, thank you!❤️