IAmDavidX

IAmDavidX

Alright, traders, here's the scoop on EUR/USD – we’re looking bearish, and here's why: Central Banks are Playing a Tug of War: The ECB’s got scissors out, looking to snip rates soon, given the Eurozone’s soft economy. Meanwhile, the Fed’s holding firm, inflation's stickier than an old piece of gum on your shoe, and that's putting rate cuts on the back burner,...

IAmDavidX

Gold's been glimmering on my radar, and I bet it's caught your eye too. What a ride it's been this week, right? The shiny metal kicked off with a bang, smashing through its all-time high and clocking in a dazzling new peak around 2150. So, where's it heading now? Strap in, here's my two cents: Technical Analysis Breakdown: The 8-hour chart's screaming...

IAmDavidX

Price consolidates in a flag and had demonstrated rejections at both support and resistance levels. Potentials to go Long and Short within the short term range. Expect to see further movements once a breakout is confirmed on either direction. Goal: - Sell in Resistance zone, with 90 pips as target - Buy at support and candlestick confirmation with 120-140...

IAmDavidX

Price reacted to the support structure in the bearish channel with rejections and some bullish momentum. This gives us a descent trading range to go bullish in the descended structure. Price could continue to move to the upside once a breakout above the current resistance is confirmed. Expect some invalidation of the setup, should price continue to move to the...

IAmDavidX

Price struggles below the 52k level and appears to have lost bullish momentum on the short term range. A potential slide is possible towards the lower support at around 42-40k level as price appears to be vulnerable to further bearish pressure. A 42-40K retest would decide if the market is likely recover or slide further down to lower support levels. Thoughts?

IAmDavidX

Price appears to be on a corrective flag structure and has broken out decisive support and has demonstrated bearish pressure for a further downside and retest at the major support level around the 0.003 level. Price is also likely to rebound from the major support level upon the retest as it would already be oversold. However, should price break the major...

IAmDavidX

Price completed the 5th wave in the EW setup and is onto forming an ABC correction. Price had also presented a head and shoulder which works as an additional confirmation for the potential downside movement with respect to the analysis Previous support is looking to be broken out with a relatively strong bearish momentum, which would turn to current resistance...

IAmDavidX

Price broke a structured resistance after consolidating for some time below the decisive level and formed an inverse Head & Shoulders. This gives trading range with a potential bullish move towards next key resistance to complete the right shoulder formation

IAmDavidX Updated 

Signal Alert - Buy Limit-EURUSD @ 1.13 , TP @ 78 Pips - Price broke structure upon making strong rejections at the decisive support, and created new support at 1.129 - Candles formed strong upside momentum with confirmation candles for further upside Price: 1.13 SL: 1.127 (30 Pips) TP: 1.1378 (78 Pips)

IAmDavidX Updated 

Signal Alert - Sell Limit-USDCAD @ 1.2632 , TP @ 136 Pips - Price broke structure with strong bearish momentum from riding the bearish impulse - Price shows continuation signals and a further trading range towards the downside Price: 1.2632 SL: 1.2672 (40 Pips) TP: 1.2496 (136 Pips)

IAmDavidX Updated 

Signal Alert - Sell Limit-XAUUSD @ 1776.99 , TP @ 183.2 Pips - Strong reaction at a resistance with bearish directional signals from candlestick patterns, and momentum confirmations for further downside movements Price: 1776.99 SL: 1782 (50.1 Pips) TP: 1758.67 (183.2 Pips)

IAmDavidX Updated 

Signal Alert - Sell Limit-GBPUSD @ 1.3291 , TP @ 104 Pips - Price rejected decisive key levels several times and had broken out static levels with strong bearish momentum - Price had also presented directional confirmation for further downside movements Price: 1.3291 SL: 1.3323 (32 Pips) TP: 1.3187 (104 Pips)

IAmDavidX Updated 

Signal Alert - Sell Limit-USDJPY @ 113 , TP @ 173 Pips - Price broke structure and retested a previous support with significant rejections and momentum confirmation for further downside - Strong bearish candles are presented, with a broken out psychological level @ 113.00, opening up a bearish trading range towards next major support level Price: 113 SL: 113.49...

IAmDavidX

Price continues to reject the descended trendline and has formed a resistance at 129.3-129.5 price level. Significant rejections were formed with momentum confirmation, supporting the potential bearish setup. Should price continue to respect the analysis and remain below the invalidation level at 129.5, we may be looking at downside movement towards 127.5 Keep...

IAmDavidX

Price appears to be vulnerable towards a support at 56K, as the market broke the 58k support and is struggling from rejections within the 58k-60k range, which also acts as a new resistance. Price could face further bearish pressure towards the 53K level so long as price remains below 60k. For a bullish recovery, price would require to find support at the 63K...

IAmDavidX

Price looking strong on bulls, and have appeared to have formed a support at the 0.70$ mark after making a double bottom near 0.52$. What does this mean? Apart from the current bull run with BTC, we are likely to spot a 1$ XRP again, and soon. This would bring the price to a decisive resistance at 1$-1.10$ range, of which, once that is broken out and a new...

IAmDavidX

Moments away from NFP. Economists expect the data to show that the economy added more than 575,000 jobs in March as the country continued to open. This will be a better figure than the 465,000 jobs that were created in February On the technical side of things, we can see that price is approaching a key resistance near 1790$ and is looking to be losing its bull...

IAmDavidX

Price reacted at the support at 1844.77 with a strong bullish impulse and has been creating a corrective downside movement in a flag formation Rejections were formed at the highlighted support zone with bullish momentum confirmations, creating possibilities for a breakout at the structure and an upside push A further upside movement is possible towards 1880$