EURAUD may be set for a rally to the upside with the rejected double bottom on H4. Having broken out of Daily range, price is once again touching the border of the range. Will this lead to an uptrend towards 1.58200? N.B - Let emotions and sentiments work for you -ALWAYS Use Proper Risk Management In Your Trades
Higher time frame sentiments for GBPUSD remains bullish. An immediate rise above resistance may likely be rejected which will cause a pullback towards the rising trendline from where another impulse leg will commence. N.B - Let emotions and sentiments work for you -ALWAYS Use Proper Risk Management In Your Trades
Series of Mr Musk tweets in "partial" support of cryptocurrencies has held bitcoin from witnessing drastic fall! However, sentiments remains bearish. A close below 30K will mean further fall. N.B - Let emotions and sentiments work for you -ALWAYS Use Proper Risk Management In Your Trades
Gold's price rejection towards 1900 may likely drag the commodity down to retest the support at 1869 (or below). There is a strong support level between 1840 - 1850 if price did not reverse up at 1869. Weekly sentiments remains bullish, hence my focus on going long... N.B - Let emotions and sentiments work for you -ALWAYS Use Proper Risk Management In Your Trades
Bullish sentiments keep gold price moving high. This H4 chart shows how gold having breakout of the pennant pattern (1), re-tested the support with a pin-bar rejection coming on 28/05/2021. Now, we have almost similar scenario at hand. Price violated a pennant now gunning for the swing high at 1912.785. Will price creates a higher-high and then pullback to test...
CADJPY has just breakout from the bullish wedge & a pullback to the mean with a rejection could cause the pair to make new highs N.B - Let emotions and sentiments work for you -ALWAYS Use Proper Risk Management In Your Trades
If BTCUSD ends this week this bear, it's expected that price will likely reach 25K by next week or 2, except Elon Musk re-tweet his support for the coal use of the cryptocurrency. JUST WATCH OUT FOR HIS TWEET!!! Lol! N.B - Let emotions and sentiments work for you -ALWAYS Use Proper Risk Management In Your Trades
Despite weakness shown on the H4 timeframe, higher timeframe still indicates that EURUSD still remains bullish N.B - Let emotions and sentiments work for you -ALWAYS Use Proper Risk Management In Your Trades
After completing Head and shoulder pattern, AUDUSD is now preparing to pullback to its value zone. This level correspondent to where price was rejected early 2018. N.B - Let emotions and sentiments work for you -ALWAYS Use Proper Risk Management In Your Trades
Gold is yet to show signs of weakness apart from little selling pressure observed on the last 3 day candlesticks. For the precious metal to rally upside towards 2035 (new projection), it's right time we have a pullback to value zone after touching 78.6% Fib level at 1890 (circa). N.B - Let emotions and sentiments work for you -ALWAYS Use Proper Risk Management In...
On 12.05.2021, Tesla CEO, Elon Musk, tweet(ed) was said to have dragged price of bitcoin down by 5% as Tesla decided not to accept payment of bitcoin (but other cryptocurrencies!). As market reacted negatively to the tweet, some investors were buying. Earlier on in February, the same Elon Musk had said, "Tesla had invested around 1.5 billion dollars in Bitcoin"....
For the past 2 months EURAUD looks to be in a range market with price moving between 1.52800 and 1.56910. Having tested the high 2 previous times, price is now rejected, will bear drag the pair to the low or mid-way? N.B - Let emotions and sentiments work for you -ALWAYS Use Proper Risk Management In Your Trades
We saw CAC40 index breakout last day of the trading week, however on a negative sentiments with relatively low volume. This could lead to price rejection. IF PRICE IS REJECTED, the index could be heading towards its mean value. Higher timeframe sentiments remains bullish. N.B - Let emotions and sentiments work for you -ALWAYS Use Proper Risk Management In Your Trades
Chinese Yuan has been performing very well against the USD, but that bullish run is about to be halted! USDCNH has pullback to the monthly ascending trendline and also on a good support level. Expecting price rejections at this level for another rally to the north. N.B - Let emotions and sentiments work for you -ALWAYS Use Proper Risk Management In Your Trades
EURUSD bulls still find it a bit challenging overcoming the resistant level at 1.21735, however, if this is accomplished early next trading week, the pair will be gunning for the bearish order candle, a more formidable resistant around 1.22500. N.B - Let emotions and sentiments work for you -ALWAYS Use Proper Risk Management In Your Trades
Gold's intermediate bullish runs continues and now close to 61.8% Fib level and the upside run may continue towards 78.6% level above 1880 which correspond to the level where bearish order candle is located. N.B - Let emotions and sentiments work for you -ALWAYS Use Proper Risk Management In Your Trades
After another touch on the lower channel of the bearish wedge, CARG stock price bounces upside. Is the stock now ready to re-test the upper channel? Some important levels to note for sellers participation include 29.20 & 34.00 N.B - Let emotions and sentiments work for you -ALWAYS Use Proper Risk Management In Your Trades
Most USD pairs are at a critical reversal level as evident on GBPUSD also. The pair is facing some selling pressure, however the bullish sentiment is still high to overcome the resistance level and further push the pair to February Bearish Order Candle at 1.41000. Price was rejected at 1.41 before and most likely it will similarly be rejected IF GBPUSD rally to...