Price has been in some consolidation over the past month, possible signs of a re-distribution schematic and formation of a swing trendline on the continuous lower lows being formed, awaiting its Point C hit that could send price crashing towards 0.67000 range. The M15 sponsor candle at 0.68060 looks likely to send price down but awaiting clear signal upon MA...
With price looking to be losing momentum in its recent uptrend, the most recent Hourly lows now look to have been mitigated suggesting formation of lower lows. That said, price's movement upwards only got to the premium price range, failing to form higher highs that would have confirmed immediate uptrend resumption. Also following the Intraday trendline, a...
Price has been in a deep downtrend since early Q3 and is now looking to probably climb and test recent highs of 1.38300, with a close above 1.35200 looking to confirm it. Price has now resumed to its most recent Daily demand area and has so far formed a HL. On relatively lower timeframes, an Inverse H&S looks to be forming suggesting incoming upward momentum. Last...
With the Silver market having broken out of its swing trend, a retest and possible sink is on the horizon as Daily supply area @24.500 may look to push price further down before the long anticipated uptrend commences. Awaiting retest confirmations and formation of LL on relatively lower timeframes after the retest.
Looking for buys after downtrend channel breakout to the upside after upper trendline retest. Invalidation of previous highs @ 0.71800 is also a factor to consider, emphasizing the Daily uptrend resumption. Target of 70 pips towards the top of the consolidation box. Likely re-accumulation occurrence. Friday's positive USD NFP seems to have been ignored or haven't...
The Dollar may be looking to regain strength this week against the Kiwi as the pair has recently been experiencing a Daily retracement. Price may look to reverse around the Supply area at 0.70930 and drop down towards its most recent Weekly Support of 0.68000. Significant price closure above the Supply area mentioned above could prove otherwise as far as trend...
Price looks to possibly maintain its uptrend momentum as it has failed to compromise its Daily uptrend trendline and continues to form higher lows. Price also looks to have successfully formed a Double Bottom on H4 timeframe whose neckline has now been broken past and may look to climb and compensate for its earlier imbalance on the Hourly timeframes, and maybe...
According to GBPUSD's break below the 1.40000 Key level and its dominant Daily uptrend since last year March, it might look to tank further with continuous formation of Lower Highs. The market is now awaiting a close below 1.37500 Support and key level, and a test of the market structure low around 1.36850. There is also a Intraweek downtrend (Purple trendline...
Good Morning Everyone! This is a breakdown of the appliance of how to spot a Gartley Chart pattern which could give strong buy signals. Hope the video makes things a bit more clearer and is helpful. Thank you for tuning in!
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After USD has continued to plunge most if not all its bases, technicals now suggest that there could be a high possibility of correction before the awaited NFP news tomorrow. Silver which is currently still in consolidation has broken and retested it's Intraday (Orange) trend and may look to move further upwards towards the Swing Trendline (Purple) + Weekly...
This week we could possibly see price retrace with the help of Fibonacci to below Key level 1.22500, and a possible price bounce off Demand area & Intraday Trendline around 1.21300 and if so successfully, we could see price push upwards towards the Upper Trendline of the Daily Downtrend Channel, then observe further movement from there. Thank you for tuning...
After previous week's USD correction, it could be back the driving seat most likely in the coming week as resumes its long-term downtrend. If price respects above supply area and successfully breaks past 0.75000, it could drop to next Monthly Support area at 0.73905, which also happens to be a potential bounce area on the gradual Daily uptrend before any further...
So after last week's USD breakout from the extreme lows of the 1.2's to slightly below Key level 1.2500, price this week opened with significant bearish retracement, as it generally looks to find more buyers before it can significantly push upwards. A breakout and retest from the intraday trendline (Orange) that has currently bound price, could send price all the...
Formation of an Intraday downtrend Parallel Channel could see price tank once it does hit Point C of the Upper Trendline. In confluence with price imbalance area around 0.71431 and could send price all the way to Swing Demand area around 0.70931. Thank you for tuning in!
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Current intraday consolidation could see fakeout to the upside as price looks for buyers and a bounce off Point C on the H4 Trendline + Imbalance area at 1.40975, which could send price all the way to the next Key Level 1.40000 which may act as a Support level. Awaiting hit on Daily Uptrend channel and possible breakout back into the 1.3's.
After the week kicked off with extreme Greenback weakness, it has finally been able to find some strength and is looking to correct price. Price is still bound within the Daily uptrend channel and may look to resume it's major uptrend onto the upper trendline of the channel. Market a bit choppy today but FOMC news today may dictate further movement of the pair and...
After last week's anticipated bounce off Support as price looked to reject close above 0.72500, this week price maybe looking to find new Support at 0.70000, with the help of a bounce off the Daily uptrend. A breakout and retest of the uptrend channel that looks to be forming sort of a bearish flag may confirm our Short bias. Following last week's movement in the...
As Silver continues to respect it's Daily uptrend channel, after a bounce off the lower trendline last week may look to climb this coming week if technicals are respected and greenback remains relatively weaker this week. Minor down trendline within the channel saw a breakout on Friday and now awaits a retest before finally climbing back towards Key level...
