It looks like the euro dollar is entering a wave 4 correction and we're expecting to see this continue for some time. Before one more leg down to break 1.10. It will take some time to play out in this wave 4 and it will be messy. Stay nimble!
The dollar cad finally breaks out of the channel that it was trading in and we should see more upside in the coming weeks. But this upside move is capped by strong resistance areas and there isn't much of a room to go. I'd control my risk and stay agile if I were you.
I think we will start to see some messy structure at these levels for the pound yen. This may be a wave 4 correction that can be deeper and last longer than the previous consolidation range. BULL CASE Some consolidation is expected to happen and this could push price up to around 153. BEAR CASE Price could dump farther down to 150 without much of a consolidation.
I think the wave 5 is completed for the USDJPY and we should see more downside to come in the following weeks. In the short term, I'm expecting to see some consolidation at these levels before the break down farther comes.
The DXY's breakup to the upside has been confirmed by a retest of the top of the channel and a hold. We expect to see farther price moves upwards from here. But this level is where some consolidation can happen. BULL CASE Price moves up immediately next week to our target levels at 97.768 BEAR CASE We see some consolidation at the 96 level before a break up...
The pair dump farther down this week after breaking out of the channel structure it was trading in. It is at a point where consolidation could happen before more downside. BULL CASE I think it is likely we see some consolidation at these levels before more downside. If this happens, 0.71680 is a good level to short again with controlled risk. BEAR CASE If...
BULL CASE The leveraged longs have been taken out and now the price is resting a good support on the daily MA. Do not be surprised if you see price move slightly farther down from here to test 1835 but from there we should see upside to 1900 -1920. BEAR CASE If price needs a farther correction, we expect to see it find strong support at 1800 but this move to...
We told you last week, that leveraged traders will get exploited by the martket makers. It looks bearish now but guess what, it's the market makers painting the charts and that's what they want you to think. Short interest is now more than long interest. If it corrects downwards from here, buy the dip. 100K is coming. Only below 50K is the short term rally...
Regardless whether up or down, we expect to see some form of resistance at these levels. It will be messy, lots of people will be trapped so control your risk. BULL CASE We've a slight bias to the upside, considering the pair is a risk on pair and we should see risk on gain in December. Our targets for this is 1.155 before a long term correction happens. BEAR...
Until farther evidence surfaces, our bias is towards the price continuing to range in the channel we drew. THis means that price will continue to move down. However, it's been in this channel for quite some time and may break out soon, in that event we want to trade the break out as it brings us bigger price movements. BEAR CASE If you want to short here, give...
The pund yen broke down as expected this week, we are looking for more downside in the coming days. However, we need to watch our stop loss as it's an easy level to manipulate. BEAR CASE Price looks ready to move farther down from here, we are targeting 150. BULL CASE A fake out to liquidate leveraged shorts may happen by moving price to the 155 levels before...
Is the wave five impulse completed for the USDJPY or will we see one more fake out to the upside to catch traders the wrong side? We're neutral about the price action at this point BULL CASE Price could break 115 again and this may bring price up to even the 116 levels before a major correction. If this happens the downside target will be larger at around...
The DXY broke out of it's range channel and retested the upper band and is now ready to see more upside. It may spend some time consolidating at these levels but the upside is confirmed. We're taking two levels where we will take profits. 1. 97.5 2. 99
The aussie dollar spent some time at the bottom of the channel this week and finally broke out near the close of the week. Over the next few weeks, we should see more downside for this pair. We've marked out three levels where resistance could be met. If you're not already in a short, wait for a pull back at those resistance lines. Otherwise, take some profits a...
Will Joe Biden do it for us by putting Jerome Powell out of office or will we have to do it ourselves. BTCUSD is starting to prove itself as the hedge against inflation. We're going to see price move up farther from here but if you do not control your risk and over leverage, you're going to get rekt. Price could move farther down from here if the market gets...
We are in the middle of a wave 3 impulse move for the euro dollar, this week should see farther downside. BEAR CASE The test of 1.13 is imminent, we have to test that level before a wave 4 extended correction comes in. BULL CASE Price could correct higher next week but this move will be capped. Our bias is heavily to the downside.
The dollar cad tested the bottom of the channel like we predicted and moved up higher, it has now tested the top of the channel and faced some rejection, are we going to see a break out? BEAR CASE Until proven otherwise, our bias is to the downside. We expect to see it test the bottom of the channel once more and if it faces rejection there or before there, we...
The pair looks like it's ready to move down again after some consolidation at this levels. The upside should be fairly capped for this pair. BEAR CASE We could see price test 153.5 before more downside. BULL CASE On the daily, the 200MA at 152 may serve as suspport for a storng rebound, if this plays out we will look for a short at much higher levels.