Good morning, folks, let's close the week strong, here's a setup which I deem a high probability. As we can see the market has formed for us a falling wedge pattern, inside the wedge we can see we have been presented with a corrective descending channel reversal pattern indicating the sellers have been losing momentum, to top it off we have reached our support...
Last week we saw the Japanese currency gain strength against the Dollar, from a technical point of view we are to expect this pair to continue going short, we have an expanding ascending channel indicating the bulls have been losing strength, we also have broken major support levels now turned to resistance. For most of this week we may be on the pullback phase on...
EURAUD long bias, from our analysis we can see EA has confirmed our bullish trend with a third touch on the trend with a falling wedge type pattern. we can also see the wedge pattern has been broken to the upside with huge momentum, from here we need to wait for the market to pullback to value areas so we can manage our risk, from my chart I have outlined 2 areas...
The dollar to gain strength in the next coming weeks. We can see the market has formed for us a falling wedge; we are also at strong support levels. Take note we don't trade the DXY, we use it to trade EURUSD inversely and to also gain perspective of the overall USD pairs outlook
Dxy long term sells?, Expanding ascending to the top showing loss of momentum from the bulls, Now Market structure has been broken, the bulls have failed to create a new HH. Your thoughts would be appreciated on this one
USDJPY is showing us a huge potential to go for long-term shorts, from a higher timeframe we have identified an overall ascending channel with a 1,2,3 type formation, using correlation we have seen the DXY break the bullish structure by the end of this week, Major indices are also at strong support levels, will they hold? that stands to be seen. What's you view,...
Clear double top pattern on the USDZAR, a break-out on the up trending support line now turned into resistance. Please share your thoughts below on the analysis
