MlungisiThekisoKa-Maqina

MlungisiThekisoKa-Maqina

My thought on the pair is that it is, overall, in a bullish rally. DISCLAIMER: This information is provided as an opinion only and is in no way meant to be used for trading or any other purpose.

MlungisiThekisoKa-Maqina

I have had a look at the loonie and have decided to publish my thoughts on its movements. I obvious would like to see a retest of the lower trend of the channel it finds itself in. DISCLAIMER: This information is provided as an opinion only and is in no way meant to be used for trading or any other purpose.

MlungisiThekisoKa-Maqina

XAUUSD has tested a key support 3 times over the last few weeks and is currently within reach of the said support. What is it going to do next. Here are key levels/zones which I am watching out for. DISCLAIMER: This information is provided as an opinion only and is in no way meant to be used for trading or any other purpose.

MlungisiThekisoKa-Maqina Updated 

To be, based purely on Technical analysis, EURNZD seems to have formed an Ascending Triangle pattern on the 1D chart. Where it will head to will be determined on which end it will breach the triangle. However as can be seen from the chart I have a bearish bias. DISCLAIMER: This information is provided as an opinion only and is in no way meant to be used for...

MlungisiThekisoKa-Maqina Updated 

An idea of what I think XAUUSD has formed on the 4HR chart. DISCLAIMER: This information is provided as an opinion only and is in no way meant to be used for trading purposes.

MlungisiThekisoKa-Maqina Updated 

I typically link XAUUSD to EURUSD. With that said, here is an updated chart for my EURUSD analysis. This idea is therefore linked to that posted earlier on XAUUSD. DISCLAIMER: This information is provided as an opinion only and is in no way meant to be used for trading purposes.

MlungisiThekisoKa-Maqina Updated 

On EURUSD i was waiting for a breach of the support trend-channel - which formed what appeared to be a bearish flag. I thought this chart was published on the same day as the USDJPY one but alas. Comment: DISCLAIMER: This information is provided as an opinion only and is in no way meant to be used for trading purposes.

MlungisiThekisoKa-Maqina Updated 

Commentary on this pair is similar to that i just posted on EURUSD. A few targets have been hit already. but here is the analysis anyway. Comment: DISCLAIMER: This information is provided as an opinion only and is in no way meant to be used for trading purposes.

MlungisiThekisoKa-Maqina Updated 

My previous chart being 2 hours off meant that my candles were being plotted incorrectly - it seems that the data source that was being used was 2 hours off. But this is an update to that chart. Comment: DISCLAIMER: This information is provided as an opinion only and is in no way meant to be used for trading purposes.

MlungisiThekisoKa-Maqina Updated 

The chart on USDJPY that should have been. My previous chart was drawn with candles that closed 2hr before the conventional 4hr candles - which led me to believing there was no resistance ahead - but the pair encountered that before hitting TP which made no sense. So I went back to check what the matter was. Comment: DISCLAIMER: This information is provided as...

MlungisiThekisoKa-Maqina Updated 

I think that the USDJPY pair is poised for a breakout from what I think is a symmetrical triangle within a parallel channel. I often use the symmetrical triangle within a parallel channel as a sign of waning strength in the then current trend - in this case potential waning bearish momentum. Just an idea. DISCLAIMER: This information is provided as an opinion...

MlungisiThekisoKa-Maqina Updated 

As with the Gold analysis, this is my idea on what EURUSD will do next. Will wait for daily closes, or at least wait for gold to enter the next range (see link attached). Comment: DISCLAIMER: This information is provided as an opinion only and is in no way meant to be used for trading purposes.

MlungisiThekisoKa-Maqina Updated 

Once again, Gold is on the pedestal for me. Here's what I think it may potentially do next and what I am looking out for. Comment: DISCLAIMER: This information is provided as an opinion only and is in no way meant to be used for trading purposes.

MlungisiThekisoKa-Maqina Updated 

Comment: DISCLAIMER: This information is provided as an opinion only and is in no way meant to be used for trading purposes.

MlungisiThekisoKa-Maqina Updated 

Comment: DISCLAIMER: This information is provided as an opinion only and is in no way meant to be used for trading purposes.

MlungisiThekisoKa-Maqina Updated 

Will the USDCAD pair breach the support which it has tested at least three times prior, possibly opening up to further drops? or will the pair move up higher to retest a rising trend line which it has recently breach? These are my thoughts on USDCAD. DISCLAIMER: This information is provided as an opinion only and is in no way meant to be used for trading purposes.

MlungisiThekisoKa-Maqina Updated 

I noticed that my previous analysis was not quite right, despite moving in the right direction. With that in mind I set out to review my previous chart and came up with this.

MlungisiThekisoKa-Maqina Updated 

I have given a 4Hr candle outlook on what i think Gold will do. DISCLAIMER: This information is provided as an opinion only and is in no way meant to be used for trading purposes.