EURUSD will need to overcome the selling pressures at 1.22500 level IF it intends to rally above 1.25000 in order to create anew 2 year high. Failure to overcome this level may drag the pair to its mean value. N.B - Let emotions and sentiments work for you -ALWAYS Use Proper Risk Management In Your Trades
A break below the lower channel of the ending diagonal for AUDCHF looks imminent and if this occurred, the pair most likely pulling down to 0.69000 region N.B - Let emotions and sentiments work for you -ALWAYS Use Proper Risk Management In Your Trades
With 3 touches on the declining trendline, EURUSD has prepared itself for a fall and I'm expecting the pair to continue its bearish move as market opens Sunday night till Tuesday/ early Wednesday London Open. Looking at the monthly chart, April was bullish (with an inside-bar) ending a 3-month decline of the pair. May most likely will be bullish with an attempt...
Gold still have bullish potential to rally up towards the upper channel of the bullish wedge, with a challenge to go above 1800 first. However, a break below 1720 will expose it to more bears attack. N.B - Let emotions and sentiments work for you -ALWAYS Use Proper Risk Management In Your Trades
One of the stocks that came on my scan this week is ARVN. Gapped-Up December 2020 and has since pullback to value zone. Technically, looking prepared to move up again to re-test its January Swing High, however, another earning report is due 17 days time (Earnings may be dynamic and has nothing to do with this technical analysis, be advised accordingly!) N.B - Let...
The precious metal most probably re-test the support at 1750 this week if it can hold its price. A strong support at this level will likely be invitation to bulls to carry price towards 1840 or above in coming days. N.B - Let emotions and sentiments work for you -ALWAYS Use Proper Risk Management In Your Trades
With a bullish wedge corrections on EURCHF, the pair seem ready to challenge the upper channel. However, it needs to clear the obstacle at 1.0636 first, after doing this successfully, the focus will then be to target 1.1100 and above N.B - Let emotions and sentiments work for you -ALWAYS Use Proper Risk Management In Your Trades
EURUSD may likely be ready to make a new 2-year high after a break above the upper channel of the expanding triangle, a pullback will be an ideal long trade entry on this pair in order to reduce Risk/Reward. Expected a push towards 1.22000 before being rejected and fall to test a support (or the upper channel) again. N.B - Let emotions and sentiments work for...
Bitcoin got a bearish rejection previous day, but seems that's not enough; still searching for power-fire from the bulls before the anticipated short-term rally towards 55K after contending with 50,400 resistance level. In order to complete the A-B-C (or WXY) corrections, I expect bitcoin price to fall below 45K level before another rally to test the high at 65K...
Bitcoin has been on bears attack since mid-April and now at a critical support level. Bulls power need to overcome bears at this level to create a rejection candle which invariably would cause the crypto- to rally to the upside, however if bearish power continue to dominate, price will continue to fall... N.B - Let emotions and sentiments work for you -ALWAYS Use...
IF THERE IS ANY rejection of USDCHF below 0.91900, this could encourage bulls to rally price towards 0.93500 N.B - Let emotions and sentiments work for you -ALWAYS Use Proper Risk Management In Your Trades
Increase in volume at a lower level indicating smart monies have started accumulating CLOV stock. A pullback to support level may be needed for retailer investors participations. N.B - Let emotions and sentiments work for you -ALWAYS Use Proper Risk Management In Your Trades
With volatility still declining, S&P500 will continue to rally up N.B - Let emotions and sentiments work for you -ALWAYS Use Proper Risk Management In Your Trades
With the US dollar decline, US 10-year bond yields falling couple with increasing inflation, gold's bullish uptrend is most likely to continue. Gold is expected to rally towards 1800 and pullback to retest the support before a rally upward to test July 2020 high. N.B - Let emotions and sentiments work for you -ALWAYS Use Proper Risk Management In Your Trades
GBPUSD still targeting 1.39000, however pair potentially can still pullback to 1.37605 before a rally above 1.40000 -N.B - Let emotions and sentiments work for you -ALWAYS Use Proper Risk Management In Your Trades
AUDCAD seems ready for a push towards 0.98500 after the inverse neck & shoulder and breaking above the swing high at 0.97189 N.B - Let emotions and sentiments work for you -ALWAYS Use Proper Risk Management In Your Trades
EURCAD has violated the declining trendline and pulling back. Is it targeting 50%, 70.7% or 78.6% fib level? N.B - Let emotions and sentiments work for you -ALWAYS Use Proper Risk Management In Your Trades
1730 support may proof a strong support level for gold to continue its bullish move towards 1800 (as analysed) N.B - Let emotions and sentiments work for you -ALWAYS Use Proper Risk Management In Your Trades