USDCAD is actually failing to break the highs of 1.27530 so i am expecting a sell position there. Check it out too and comment if i have made an error or my ananlysis dont suits yours.
Daily Time Frame: Starting on the higher time frame we can see price is testing a strong area of demand as price has reacted multiple times from this zone in the past. Reading the last few daily candle closures, we can see price is showing signs of slow down and potential reversal if we hold. 4hr Time Frame: Scaling down a time frame we can see price has had a...
Long-term Fundamentals - Bearish Long-term Technicals - Bearish Medium term Fundamentals - Bearish Medium-term Technicals - Neutral Short-term Fundamentals - Bullish Short-term Technicals - Bullish Recommendation: SELL on strength.
$FCEL looking good here, held support. Very nice setup for the next leg run up to the next target area of 24.
The Yen has been underperforming for the most part, but is now in danger of a more pronounced reversal towards 103.50 vs 102.60 or so at the other extreme, while the Franc has recoiled back through 0.8800 and Loonie is losing touch with buoyant oil prices due to the scale of its US counterpart’s revival to trade nearer 1.2720 than 1.2630 peaks in the run up to...
$NVDA in sideways trading, very choppy. Inside the Breakout area looking to push any day now. Support being held above the 50 and 100 Simple Moving Average. Short Term Target Area: 547 Long Term Target Area: 580
Bitcoin has made new highs yet again. It came just shy of our projected profit target of $38.6K. This appears to be the first leg of the next Elliott Wave impulse. Watch for a small retracement soon. If so, $34.4K will provide support. The Kovach OBV is still very bullish, so there is no reason to anticipate a reversal any time soon. However, the longer it...
Litecoin has been a bit more modest in its ascent. It has reached our profit target of $173. We are likely to face some resistance here, and there are lots of support levels below. A significant dip could take us to $153 or even $140, and this would still be considered bullish. There seems to be a divergence between the Kovach OBV and the price, which is a bit...
Some key levels to look out for DXY. Don't forget to take DXY into consideration only as a supporting element to when trading your setups on majors. Don't get too attached to DXY, it's only gonna break your heart :D
GBPCHF H4 - Broken resistance price of 1.19, quite a big price to break, currently looking to retest as support to confirm a change in s/r, this would effectively act as our buy zone pending PA confirmation, slower moving pair, we can hold out for candle closure for that extra bit of certainty.
AUDUSD is trending to the upside today ahead of US elections. A break above the resistance trendline could signal for buyers to drive price higher, likewise a rejection of the resistance line could signal further selling. We are bullish AUDUSD today as traders may look to reduce USD exposure approaching the elections. It is worth taking into account the RBA's rate...
Peso! It's an EM currency that I enjoy trading the most, it's the behaviour the MXN moves. It's important to seek out how currencies behaviors are. Now let's dive into the technicals: Pattern: Wedge Support: 19.79294 - 19.71330 Resistance: 19.93628 - 20.07432 Long: Above 1st resistance area and close above 20.07400 areas Target areas: 20.4000 - 20.37660 (200...
A choppy day for the Buck with the earlier Sterling-influenced impetus waning heading into the US cash open with State-side players eyeing events at Capitol Hill as expectations mount for Congress to pass an interim stopgap bill and kick the can down one week to Dec 18th, whilst the bipartisan group continues to haggle over COVID relief with liability overhaul a...
Hello All!! I AM going to be SELLING BTCUSD at Approximately 22000 with these Technicals 1:1.618 Alternate Wave Equality Projection 2nd Peak Butterfly Harmonic Price Reversal Zone Elliot 5 Wave Cycle Completion Volume Consumption To The Level Good Luck out There!!!