-Reasons 1. USD will go up further due to inflation and big interest rate hikes 2. RBA will not raise rates till 2023 as inflation is very low 3. RBA is not happy with wage price index not going up 4. Chinese inflation is declining meaning less buying of Aussie commodities 5. China is controlling iron ore pricing with new structure so they will lower the price...
On the weekly BNB continues it's downtrend. The daily chart looks good but zoom out to the weekly and we see that BNB clearly needs to break out of its resistance to have a chance at a full breakout. It did meet the $401 mark from February 4th when Bulls were buying lower at $350. If the downtrend continue bulls will start buying at $320 and lower instead of $350....
This is a look at AUDUSD, where I'm looking for new entry points. The months of Oct. and Nov. had great movement pushing price pas the neckline of the identified double top, indicating that we should be in a downward trend. Our recent uptrend from Dec. 5th was not a reconstructive move. Expecting price to continue to the .73xxx area before looking for short...
What we love about Elliott at Rykin Capital is its seeming utility in all kinds of markets. From Crypto to stocks to FOREX to futures to other derivative types. It is the only system that incorporates the analysis of the fractal nature of markets. And it appears of all markets at that. The system is so powerful that we cannot imagine analyzing any market without...
Just bullish for a a few more hours and then, the pain should once again begin
I would look for rejection from 1.40 level on USDAUD. It means long in AUDUSD. Trading round figures on inverted charts (placing stops beyond round figures and targets a few pips below above round figure) is the way to go. It put odds in your favour, as price always struggles at those levels. Currency markets are driven not as much as by individual banks but by...
Forecast for Monday-Wednesday next week.
AUDUSD - Potential Head & Shoulders Reversal down
OANDA:AUDUSD is currently forming an ascending triangle and we should look out for a breakout soon. Disclaimer: for educational purposes.
Indeed, after a mammoth fall this one looks like we are heading to 1.329-1.339 range, outlined in green. NFA
Initially prevailing uptrend - Yellow line. 1- Uptrend is disrupted. 2- Temporary peak is made (either higher, equal, or lower than prior immediate high). 3- Old previous low is taken out. If all 3 points are taken out, this is a 1-2-3 trend reversal.
Hello Everyone, I hope you'll Appreciate our Advanced Analysis on Price Action ! Check the Link on BIO and If you LIKE this analysis, Please support our page by hitting the LIKE👍 button Feel free to request any pair/instrument analysis or ask any questions in the comment section below. Strategy : HEAND AND SHOULDER Have a Good Take Profits ! ! !
Hello Everyone, I hope you'll Appreciate our Advanced Analysis on Price Action ! Check the Link on BIO and If you LIKE this analysis, Please support our page by hitting the LIKE👍 button Feel free to request any pair/instrument analysis or ask any questions in the comment section below. Strategy : HEAD AND SHOULDER Have a Good Take Profits ! ! !
Bear flag formed broken now, at a mental factor level. wait for a clean break close and re-test