Pure technical play.
You see a very clear uptrend on the daily charts yet price has stalled and started to floating in a range on a intraday basis.
Im expecting this range to hold until price tests the high that is highlighted by the red box.
Expected Price target 2.0930
I posted a couple of weeks ago about the possibility of the USDCAD breaching the high on the weekly which is highlighted by the red box.
Now that Price has clearly broken it, I am expecting this clear upward momentum to continue. Also to point out, the green trendline has held firm where price has failed to break and close below it, therefore it is safe to assume...
Another Technical play in conjunction of Janet Yellen currently speaking about interest rates.
It was a quick move as I write this b/c of Yellen and this is another pure technical based play. Anticipating upward momentum with a target of around 2.1180
I was in a long position on this which i was stopped out on friday. I usually ignore the friday closing hrs due to lack of volume but price seemed to fall during the last few hrs and i ended up taking a short play.
This is a classic retracement play coming off a period of consolidation (which i originally thought it was going to break higher) but I reversed my...
Throughout this entire year, USDCAD has been rallying which can confirmed on the larger timeframes such as monthly, weekly and daily.
I'm basing this trade based off of that momentum and on a simple trend-contination setup.
As you can see, price has been consolidating this past week and along with all the momentum n volume today coming because of greece, Im...
Attached in the related ideas is was the original chart n the rationale behind it.
After my target was just hit within the last hour, i managed to grab over 130 pips in profit for this pair alone.
As it stands we are breaking down from uptrend over the last couple months to a full correction/ large channel sequence.
Using the Green trendline as guidance for the...
Despite the bullish trend on the bigger time frames, price is finnaly coming down for a pull back.
This can be seen with the overall downtrend in intraday hourly charts and Im playing the downward selling momentum behind it
Expected Price Target 121.00
Pure technical Play that I just entered last hour.
Price has breached n tested multiple areas of resistance and finally to come down with the down side sell pressure is now accelerating in which Im basing my play off of.
Expected price target is 1.9500
Attached to this is the before image shot + the analysis n the rationale behind it.
Price just reached its target now, banking in over 250+ pips in profit!
Should price keep falling the CS levels are the ones to watch
This is more of a mid-term/long-term view on platinum and commodities in general. Im very bearish in all commodities and metals until the trendline gets broken.
Commodity should be the headline focus in the coming weeks and months in my opinion and Im expecting a price target for Platinum of around 833.00
After consolidating for the last couple of months USDCHF has recently broken away from the descending trendline last week which it did re-test and now moving higher (highlighted by the 2 yellow boxes).
Should price crack the thing yellow box at around .9500, I'm anticipating price to move to the target area of around 0.9700. The CR levels are also provided above also.
I'm in this trade as of couple of weeks ago and it is along the lines of the other GBP pair analysis that I have posted here.
This carry through momentum of both GBP strength and relative JPY weakness across the board is definitely flowing through to this pair.
Again as long as the Green trend-line holds, I remain bullish with a potential target of around 2.1500
The USDCAD is clearly showing an uptrend for both the Monthly and the Weekly. However right now after an initial breakout at the start of the year it has pulled back abit and somewhat consolidating The green line shows the uptrend and as long as that holds expect the bullish momentum to continue and we could see a target of 1.3950 if the UPPER yellow box gets...
The combining factors of BOJ easing, USD rally across the board and the upcoming events in the Euro makes for a weaker yen in general which means to be bullish on the USDJPY. The monthly chart confirms this and the picture is very clear on the weekly.
After the initial break out to the upside and then the subsequent consolidation the last 6-8 months, we are...
The Monthly n Weekly charts are showing bullish momentum as they're both bouncing off support levels to a possible uptrend. This is also confirmed in the Daily where I'm showing you the analysis which also shows the projection of both the target the CR levels above.
Retest of 340-360 by October-November
Forming a W double bottom
Bull market will only then kick-in properly
Bitcoin going to the 300s (266 could be possible depending on volatility and panic) would be better so that fresh and new traders come on board.
More descriptive info incoming....
