NicoBeau_Capital

NicoBeau_Capital Updated 

Bank of Japan recently announced no change to the monetary policy. This further supports a yen depreciation especially adding the fact that FOMC is very hawkish. We will continue to look for buy entries in pullbacks. First area of interest is the 129.00~129.50 level. We will be looking for a consolidation/reversal pattern first. After a breakout, we will...

NicoBeau_Capital

Currently, EURGBP is moving in a long-term down trend, making lower lows since April 2021. Earlier March, the price has reached a new low at 0.8200 level. This new low has created a gap, and we believe that after a period of correction, the price could drop to fill this gap because we can clearly spot from past price movement that there is a consistency for EURGBP...

NicoBeau_Capital Updated 

Ever since Shiba Inu coin made a new high back in 2021 November, the price movement has shifted to a long-term bearish market. Recent price structure shows a descending triangle pattern, supported by price continously making lower lows. Therefore, current market is still bearish and the price could easily break the support level of the descending triangle pattern....

NicoBeau_Capital

On the daily chart, we can clearly spot a formation of a descending triangle pattern. This price movement indicates a bearish market for Litecoin. A similar descending triangle pattern was formed back in the summer of 2021, where the price eventually broke the support level and dropped lower. Currently, we are waiting for the price to break the pattern. A clean...

NicoBeau_Capital Updated 

EURJPY is bullish. Bank of Japan recently announced no change to the monetary policy. As a result, a bullish momentum took over and price broke the short-term descending channel, reaching a high of 138.00 level. Now we can clearly see a formation of a bullish pennant pattern, which supports this bullish impulse. Currently, we are waiting to buy the breakout. An...

NicoBeau_Capital

Previous US30 Chart Update: Last week, US30 has broken the neckline of its double top pattern, falling to a support level of 33400. As we anticipated, the price retraced back to retest the neckline area and then continued its bearish trend down to 33200 level. Now, the price is moving in a horizontal channel. Although we are bearish, a breakout to lower side...

NicoBeau_Capital

AUDCHF has been ranging in a horizontal channel (0.6900 ~ 0.7080) since last month. This week, the price has broken the range to the downside, accomodated by a strong bearish impulse. Now the price is forming a bearish flag, which gives us a great opportunity to short the bearish continuation. Entry Criteria: First, we will wait for a breakout to the downside...

NicoBeau_Capital Updated 

GBPCHF pair has been moving in a well-defined range (1.2100 ~1.2420) since early March. Now, the price has reached a key resistance level and we can see a few bearish patterns being formed. In the hourly chart, we can see a rising wedge pattern being formed as the price reaches near the resistance level. We can also clearly see a bearish divergence in RSI....

NicoBeau_Capital Updated 

Earlier this month, UNG has reached a three-year high at $28 level. Immediately, the price gapped down to $25 level. The market has been moving in a short-term descending channel. This week, the price broke the channel by forming an inverse head and shoulder pattern. After breakout, the price retested the neckline and formed a bullish doji. This is a good...

NicoBeau_Capital

Previous US100 Chart Update : Since February, US100 has been moving in a $2200 wide range. This range is very wide, but the price has succeeded in reaching the resistance and support levels multiple times. This shows that an immediate break is not likely at key levels and might at least require multiple short-term re-tests before the levels can be broken. We...

NicoBeau_Capital

Last month, crude oil has reached a high of 130.00 level, surpassing the highs back in 2011. Although fundamentals point to a bullish market, technicals show a bit of a bearish market. After price reaching a high of 130, a bearish impulse immediately took place, dropping the price back to $94 level. From there, we can see that price has consolidated and formed a...

NicoBeau_Capital

The recent US interest rate hike and an “unexpected” dovish statement given by the ECB during the EU interest rate decision this month provided further bullish momentum for the DXY . However, no key levels are actually broken at the moment and DXY is still moving well within the yearly channel between the level of 89~90 and 102.50~104. DXY is currently approaching...

NicoBeau_Capital

UK100 has recently touched its long-term uptrend line, bounced up twice from the line and formed a potential double bottom pattern. We can see that price has touched this uptrend line many times in the past and then reversed by forming reversal patterns. Therefore, we will be looking for buy opportunities at this stage. Our task now is to wait for a neckline...

NicoBeau_Capital

Previous XAU/USD Chart Update Gold has recently reached a high of 2070, which is the price level back in the summer of 2020. However, a sharp bearish impulse took place immediately from the 2070 level, followed by a bearish flag formation. Recently, price has broken the bearish flag structure and is falling toward a key support level of 1860. This scenario is...

NicoBeau_Capital

USDCAD has been moving in a wide channel since late 2021. The channel ranges from 1.2450 ~ 1.2900 levels. The midway area can be identified as 1.2640 level, where a bullish/bearish break from this area would lead the price to touch resistance and support levels. The price has recently broken the 1.2640 level and rose to touch the first resistance of 1.28300...

NicoBeau_Capital

Since February, US100 has been moving in a $2200 wide range. This range is very wide, but the price has succeeded in reaching the resistance and support levels multiple times. This shows that an immediate break is not likely at key levels and might at least require multiple short-term re-tests before the levels can be broken. From 13000 support level, we can see...

NicoBeau_Capital

After retesting 1.0930 level, which is the price area right before a 130-pip drop caused by the annoucement at ECB interest rate decision, EURUSD has continued its downtrend and reached a new low at 1.0650 level. This is an important support level, as we can observe back in March 2020 that after price reaching the 1.0650 level, a strong bullish momentum...

NicoBeau_Capital

Since early April, Ethereum has been moving in a descending channel. The price is now very close to touching the long-term uptrend line. Will the price bounce up from the trend line? Or will the price break down from the trend line? We will show you a simple way to accurately spot buy signals. As we can see from the daily chart, the price has bounced up six...