Mandeep.Singh

Mandeep.Singh

Monthly The last 3 months have shown us bearish price action, we saw an evening star formation, a powerful reversal indication after rejecting 0.7750. Weekly The last couple of weeks have been bearish and we also have MAs that are downward facing. There are also clear lower highs and lows. Last week we managed to close below 0.7400 and this week it seems price...

Mandeep.Singh Updated 

Monthly Price on the monthly timeframe has been extremely bullish especially last month. This month however, as we have reached a key level, we may be experiencing price stalling. At the moment there is some indecision. Weekly 2 weeks ago, as we approached 1.3000, price formed a hanging man which is a strong reversal candlestick formation. This was followed by...

Mandeep.Singh Updated 

Monthly Clear rejections off of $55 per barrel and since then, the last 3 months have been bearish. I believe we will continue to see some more downside momentum. Weekly There are clear lower swing highs on the weekly chart after rejected the key $55 per barrel zone. Last week we broke and closed below $47.50 per barrel and rejected off the $45 mark. MAs are...

Mandeep.Singh Updated 

Weekly We've had a strong few weeks prior to last week but price has stalled and closed off as a doji rejected the 1.3700 weekly area with a long upper wick indicating some selling pressure. A potential 3-pin formation by the end of this week's close. Daily After a bullish streak to the upside, Friday's candle closed as a bearish engulfing taking out 4 days...

Mandeep.Singh Updated 

Monthly From a monthly perspective, and after a lot of choppy price action, this pair has finally breached 1.3400 and closed last month with strong bullish momentum behind the candle. Weekly The last 3 weeks have been bullish and we are currently sitting at the 1.3700 weekly zone. Due to the bullish momentum behind this pair, I believe we will continue higher....

Mandeep.Singh Updated 

Monthly A very bullish month so far a break out of a consolidation period between 1.2000 and 1.2500. Weekly Last week news took us higher than previous areas of structure firming closing above 1.2750. MAs to the upside. Daily Price has pulled back on the daily and rejected weekly area of support - forming a 3-pin pattern indicating good reversal. MAs also...

Mandeep.Singh Updated 

Monthly Multiple rejections off the monthly key area of 0.7750 and possible looking at a potential evening star formation if April's candle closes 60% bearish. Weekly Last week we had a bearish doji formation representing indecision and an inability to breach a daily area of 0.76065 - this week's candle has been bearish so far and price is adjusting after a...

Mandeep.Singh Updated 

Monthly Multiple monthly rejections of 1.0500 keeping price firmly above this level. Weekly Clear higher lows and higher highs on the weekly TF. A new higher low has been completed and last week we formed an inverted hammer indicating a reversal in momentum. This was in confluence with our TL and price is now trading back above this area. MAs are converging...

Mandeep.Singh Updated 

Weekly Lower swing highs on the weekly after price has attempted to breach and sustain above 1.3400 - this has failed. Daily Yesterday we saw a strong bearish bar breaking and closing below our inner TL, the last 2 days prior to that were bearish as we saw price being whipped back below 1.3400. There is also a daily MA crossover to the downside. At the...

Mandeep.Singh Updated 

Monthly The last 3 months have been bearish on this pair and overall I am looking for 116.00 monthly support. Weekly After 4 weeks of strong bearish price action, we have finally breached the 118.00 key level. MAs are crossed to the downside on the weekly. Daily Lower highs and lows on the daily TF and MAs crossed to the downside. Trading below a strong...

Mandeep.Singh Updated 

Monthly Lots of consolidation since October 2016 with price trapped in a 500 pip range between 1.2500 and 1.2000. February saw a bearish rejection against monthly area and March also rejected the 1.2500 area almost forming a hanging man. Weekly We've been seeing weekly lower swing highs with price being unable to breach monthly level of 1.2500. After 3...

Mandeep.Singh Updated 

Monthly Since October 2016, monthly price action has tested 1.3400 as a strong resistance level and has failed to sustain itself above. January's candle formed a bearish engulfing taking out 5 months worth of prior price action. The March monthly candle stick is forming a potential shooting star as well as a lower swing high. Weekly 3 pin formation at...

Mandeep.Singh Updated 

A last day of the week trade - 1:1 RR. Monthly Tweezer bottoms with bullish engulfing rejecting key area of 1.0500 in January. Last month we tested this area again and March seems to have taken bearish price action out of play - this month is still yet to close however. Weekly MA crossover to the upside after 4 weeks of bullish price action, tweezer bottoms...

Mandeep.Singh

A last day of the week trade on EURO - 1:1 RR. Monthly Last month we've had a rejection of 1.0500 after a bullish engulfing the month prior - tweezer bottoms were formed showing us that price is most likely looking to move up. Weekly The last 4 weeks have been bullish and we've had lots of buying pressure shown from the long bottom wicks. We are looking to...

Mandeep.Singh Updated 

Weekly Last week we've had a bearish engulfing candle which has rejected straight off of our weekly TL. Lower swing high points since December 2016. Daily The most recent rejection of our TL produced an evening star formation - a strong indication of price reversal. Friday closed as a bearish engulfing candle taking our 2 days worth of prior price action. We...

Mandeep.Singh Updated 

Weekly After last week's strong bearish candle, I believe we will see further downside momentum. The AUD/USD is also positively correlated with GOLD which has been on a decline since last week. Although price failed to close below weekly area of support at 0.7575, I'm anticipating a move beyond this barrier. Daily Last Thursday price put in a huge bearish...

Mandeep.Singh Updated 

Weekly Rejections at the monthly level of 0.7750 since last year. More recently, we've had doji and spinning top rejections against monthly resistance. Signs of a reversal and momentum turning to the downside. Lower highs on the spikes are also visible. Daily After an indecisive Thursday last week, Friday was a bearish engulfing taking out 2 days worth of...

Mandeep.Singh Updated 

Monthly Price has been reacting to the monthly area of 1/2500 and from my point of view, not been able to adequately surpass this level. November's monthly candle was a shooting star, December was a bearish spinning top with a long upper wick and January put in a hanging man. Weekly Price action form 2 weeks ago formed a shooting star against 1.2500 followed...