Nas100 broke above its falling channel that kept it in a strong downtrend since March 2022 closing above the 10th and 17th May highs. Ahead of it is the 12800 key level where I anticipate price to stop or make some reactions. A break above the 12800 or 13000 vicinity will expose the next resistance level at around 13570.00. If buyers hesitate to break the...
NZDJPY has been moving within a triangle pattern. Soon I anticipate a breakout of this pattern. Where the breakout will be will determine the direction of this market. I will continue to monitor NZDJPY this coming week for a possible trading setup. I will appreciate your continuous support, your likes do really matters to me. If you have any question feel free to...
Hello traders, I hope you have taken note of the triangle kind of pattern that is being printed on Bitcoin. Since Bitcoin bottomed at around 25400, we saw a strong reaction that pushed price up. Thereafter, bitcoin had been in a consolidation state with no clear indication as to where the next move would be. It is important to say that the best way to predict the...
For days EURUSD had been in a strong bearish momentum and I believe in a long term Euro will continue to face pressure against the dollar. We saw a bit of a rally to the upside at the beginning of the week which I believe it was just some sort of corrections and at this point this market is more likely to continue falling seeing that it broke below the ascending...
I anticipate AUDUSD to rise to 0.725 key level. Price broke above the upper falling trendline that kept price in a downward trend since April 2022. With dollar index loosing strength (technical) I believe this will give Austrian dollar chance to strengthen. I will be looking for short term long position on this pair. If you enjoy this idea please support it with likes.
Hello traders, Few days ago I discussed about Ger30 (see my previous analysis) and mentioned of the head and shoulders pattern that was unfolding on it. I was waiting for further developments to confirm my biased. Price has corrected and printed a bearish continuation pattern after forming a double top, there's a high probability that price will fall. I will...
Going short on Nas100 with target at 11313.43. Price got rejected at the 12000 key level. Expecting to see price falling to create a new lower low. Please support this idea with likes. Thanks
Ger30| The market made a fake breakout out of the falling channel resistance. Instead of price continuing higher, it reversed back with no signs of bullish continuation. What we can see currently is a typical head shoulders pattern on lower timeframe, suggesting that price might reverse to the downside. I will be looking for bearish signs for short positions with...
Nas100 is still bearish. Last week, bulls failed to take the market higher, instead the market printed another lower high (as we can see that the market has already printed a series of lower highs and lower lows). Nearby resistance is seen at around 12300, second resistance is seen at 13000. In case of a bullish move this coming week, buyers would have...
Hello traders, Ger30 broke above the falling channel as I discussed in my previous idea on this. I anticipate bullish move from now with two targets in mind, 14579.87 and 14924.30. Please do support this idea with likes. Previous Idea 1 Previous idea 2
Gold bounced up strongly from its high timeframe rising trendline support. On a lower timeframe I spotted a descending channel that was broken to the top. I anticipate price to rise from here with two targets in mind 1854.89 and 1900.00 Please do support my work with likes. I will highly appreciate it.
NAS100 is showing signs of bullish reversal. The index is printing what seems to me as an inverse head and shoulders pattern. I am now anticipating a completion of the right shoulder formation. If price can be able to break the neckline and bulls defend 12500 psychological level, we could see the beginning of strong bullish momentum and it means we might begin to...
As I predicted in my last analysis on this pair, GBPJPY formed a head and shoulders pattern, the pair broke below it's neckline last week. We can now expect a retest of the neckline and we could see price falling to 150.000 this coming week. Please support my work with likes. I will be thankful!
Ger30 is approaching the resistance of the falling channel. We could expect two possible scenarios. A break above the resistance of the falling channel or we could see a rejection from the resistance of the channel. In the case where we see a break above the channel we could expect price to reach 14575.00. If bears defend the resistance of the channel, we could...
Nas100 closed high on Friday with at least 6% from it is recent low of 11700. It's next resistance is seen at 12570. A break above this level will send price to the second resistance at around 12940. If bears defend 12570 we could see a push of price to the downside and the nearby support will be at around 12114. Traders, please do support this idea with likes if...
Hello everyone, Let's watch out for bullish reversal signs on EURCAD for potential long positions. The pair has declined significantly since 2020. On a higher timeframe, I have noticed that the pair is trading within a falling widening wedge and now it is at the support of this wedge. If there would be any present of bullish reversal signs, there pair might...
Hello traders, Ger30 has bounced up from the support of the falling channel. I now predict to rise to the resistance of the falling channel. For best buy opportunity, I will wait for further bullish continuation formation on lower timeframe. My target will be the resistance of the falling channel. Please do support this idea with likes if you find it helpful.
Looking at BTCUSD (Bitcoin), I think it is trying to fulfil it's double top formation. Bitcoin made a rejection from the 30k support level and rose up with at least 6% today. This might be due to profit taking. Looking at it, I predict it breaking it's 30k handle and falling to 20k level, to the 200 simple moving average. Please support this idea with likes if...