Mansa_Musa_Capital

Mansa_Musa_Capital

The daily chart shows that WTI crude oil has formed a rising wedge pattern, which is a continuation pattern that suggests a further upward movement after a brief consolidation or correction. The upper trendline of the wedge acts as a dynamic resistance, while the lower trendline provides a support. The price is currently testing the upper trendline, and a breakout...

Mansa_Musa_Capital

NZDJPY is facing a strong resistance at the 90.00 level, which coincides with the triangle resistance on the daily chart and the 61.8% Fibonacci retracement of the March-April 2021 downtrend. The pair has failed to break above this level several times in the past few months, indicating a lack of bullish strength. NZDJPY is also trading below the 50-day moving...

Mansa_Musa_Capital

- The GBPCHF pair has been in a downtrend since the beginning of October, when it reached a high of 1.1235². Since then, it has been making lower highs and lower lows, forming a descending channel on the 4-hour chart³. - The pair recently broke below the 50-period exponential moving average (EMA) and the 1.1100 support level, indicating a bearish momentum. The 50...

Mansa_Musa_Capital

he AUD/JPY pair has been in a strong uptrend since late March 2023, rising from 86.065 to 97.65 as of November 7, 2023¹. However, there are some signs that the bullish momentum is losing steam and a reversal may be imminent. First, the pair is approaching a major resistance zone around 98.00, which has acted as a turning point several times in the past². This...

Mansa_Musa_Capital

- The AUD/CHF pair is currently in a downtrend, as it has been making lower highs and lower lows since September 2023. The pair is trading below the 50-day and 200-day moving averages, which are also sloping downward⁷. - The on-balance volume (OBV) indicator shows that the selling pressure is stronger than the buying pressure, as the OBV line is declining and...

Mansa_Musa_Capital

- The XAG/USD price is currently trading above the 20-day moving average (MA) and the 50-day MA, which are both rising. This indicates a strong uptrend in the silver market. The 20-day MA also crossed above the 50-day MA in late October, forming a golden cross, which is a bullish signal. ² - The relative strength index (RSI) is hovering around 60, which shows that...

Mansa_Musa_Capital

The CAD/CHF pair has been in a downtrend since June 2021, reaching a low of 0.6489 on October 26, 2023. - However, the pair has shown some signs of a reversal in the last few days, forming a bullish engulfing candlestick pattern on the daily chart on October 25, 2023. This indicates that the buyers have taken control of the market and are pushing the price...

Mansa_Musa_Capital

- NASDAQ has been in a strong uptrend since March 2020, when it reached a low of 6631.42¹. - The index has been making higher highs and higher lows, forming a rising wedge pattern on the weekly chart²³. - The index is currently trading near its all-time high of 15932.05, which it reached on September 7, 2021¹. - If the index breaks above this level, it could...

Mansa_Musa_Capital

GBPAUD has been in a downtrend since July 2023, when it reached a high of 1.9752¹. - The price has been making lower highs and lower lows, forming a descending channel on the weekly chart¹⁸. - The price is currently facing a strong resistance at 1.9300, which is also the 50% Fibonacci retracement of the July-October decline¹⁹. - If the price fails to break above...

Mansa_Musa_Capital

XAG/USD has been in an uptrend since October 2023, when it reached a low of 21.35¹. - The price has been making higher highs and higher lows, forming an ascending channel on the daily chart¹². - The price is currently testing the upper boundary of the channel at 23.14, which is also a resistance level from September 2023¹³. - If the price breaks above this level,...

Mansa_Musa_Capital

XAGUSD has been in a *downtrend* since July 2021, when it reached a high of *26.27*¹. - The price has been making *lower highs* and *lower lows, forming a **descending channel* on the daily chart¹². - The price is currently trading near the *upper boundary* of the channel, which is also a *resistance zone* between *23.50* and *24.00*¹². - The price has also formed...

Mansa_Musa_Capital

The CHF/JPY pair has been in a strong uptrend since the beginning of 2021, reaching a high of 170.82 on September 15, 2023¹. - However, the pair has recently shown signs of weakness and reversal, as it failed to break above the previous high and formed a double top pattern on the daily chart². - The pair has also broken below the rising trendline that supported...

Mansa_Musa_Capital

The short the world has been waiting for is finally here!! The XAU/USD pair has been in a downtrend since reaching a high of 2,075.47 in August 2021. The pair has formed lower highs and lower lows, indicating a strong selling pressure. - The pair recently broke below the support level of 1,920.22, which was the low of October 2023. This level also coincided with...

Mansa_Musa_Capital

- A dark cloud cover (red oval) on October 5, which indicated that the sellers were gaining control after a gap up opening⁷. - A shooting star (red arrow) on October 11, which signaled a rejection of higher prices and a potential top reversal⁷. - A bearish engulfing (red oval) on October 18, which confirmed the downtrend and the loss of momentum⁷. The stock also...

Mansa_Musa_Capital

The GBPJPY pair has been in a downtrend since reaching a high of 183.95 on October 6, 2023¹. The pair has formed lower highs and lower lows, indicating a strong bearish momentum. The pair is currently trading below the 50-day and 200-day moving averages, which act as dynamic resistance levels. The pair is also below the Ichimoku cloud, which confirms the bearish...

Mansa_Musa_Capital

- The British Pound (GBP) is weighed down by the weak UK economic data, the dovish Bank of England (BOE), and the political and fiscal risks in the region. The UK inflation remains well above the BOE's target of 2%, while the growth outlook is clouded by the Covid-19 variants, the energy crisis, and the supply chain disruptions. The BOE is expected to maintain its...

Mansa_Musa_Capital

- The UK economy is weighed down by the weak UK economic data, the dovish Bank of England (BOE), and the political and fiscal risks in the region. The UK inflation remains well above the BOE's target of 2%, while the growth outlook is clouded by the Covid-19 variants, the energy crisis, and the supply chain disruptions. The BOE is expected to maintain its...

Mansa_Musa_Capital

- The index is overbought, as indicated by the RSI (14) indicator, which is above 70 and diverging from the price action. This suggests that the buyers are losing momentum and the sellers are gaining strength. - The index is forming a bearish divergence with the MACD (12, 26, 9) indicator, which is making lower highs while the price is making higher highs. This...