Trader_Shayan

Trader_Shayan Updated 

Welcome to this analysis of ETH/BTC. ETH/BTC has been in an uptrend since February after breaking out of a 6 months long double bottom reversal pattern. Since then it went sideways and consolidated for a bit more than 3 months, from the 8th of February till the 3rd of Jun. The consolidation looks like a symmetrical triangle pattern which is a continuation patter...

Trader_Shayan Updated 

Hello and welcome to this analysis on BTC/Euro. BTC has been in a very boring sideways range since the 7th of May. I choose to show the Euro pair because I believe the price action is much more visible on this pair compared to the USD pair. Looking at the consolidation on the daily chart, the price has been making series of lower highs other than the fake-out...

Trader_Shayan Updated 

Hello, welcome to this analysis on US Oil. Oil has been in an uptrend since the massive drop back in April (the price went negative for a future expiry!). Although the price has filled the March's gap around 41$ and the macro trend looks exhausted based on the bearish divergence on the higher time frame indicators, on the short term time frames it looks like the...

Trader_Shayan Updated 

Welcome to this analysis on CAD/CHF. Last night we took a short trade on this pair that got stopped out. price came back to the resistance after breaking down from the descending triangle, got rejected from it but then it regained the resistance and squeezed up. Considering the massive bullish divergence on the momentum indicators and the powerful squeeze that...

Trader_Shayan Updated 

Welcome to this analysis on CAD/CHF. Canadian Dollar has been one of the weakest pairs of the Forex market recently. Looking at the chart, it made a topping Head And Shoulders pattern at the beginning of June that got confirmed by a break of 0.7 and had a massive drop to 0.69. Since then it has been consolidating for over a month. Looking at the consolidation...

Trader_Shayan Updated 

Welcome to this analysis on Euro / Turkish Lira. EUR / TRY has been in a massive macro uptrend since 2019, It paused around the highs of the previous uptrend cycle of 2018 at 7.850. Since the 7th of May, the market has gone sideways, it had a pullback to 7.35, re accumulated there, and bounce back to the previous high. Looking at the structure, it looks like...

Trader_Shayan Updated 

Welcome to this analysis on USD/CNH. Looking at the daily chart, the price has been trading in a wide range between 6.85 and 7.2 since July. On 28th of May price tested the top resistant of the range and got rejected from there and created a Head And Shoulders reversal pattern at the top half of the range that just got activated by a break and close below the...

Trader_Shayan Updated 

Welcome to this analysis on USD/TRY. USD/TRY has established an uptrend from the 2nd of June till the 17th of June, Since then it has been trading in a tight rectangle range between 6.834 and 6.858 which broke to the upside before the market close last week. Currently, it looks like it is finding support above the range which can be a sign of continuation of the...

Trader_Shayan Updated 

Welcome to this analysis on AUD/CAD. I took a trade on AUD/CAD on 6/16/2020 which got stopped out. This trade idea is a continuation of the last setup, you can refer to that link if you wanna read more about it. Since the last trade, the market went sideways and consolidated more in a range between 0.942 and 0.927. It appears like the price has just broken above...

Trader_Shayan Updated 

Welcome to this analysis on EUR/GBP. EUR/GBP broke above the key level of resistance at 0.907 on the 26th of June but since then it failed to hold the level as support, It deviated above the level and broke below it. On the 1st and 6th of July, it retested the level and got rejected from it and created a Head and Shoulders reversal below the level. The Head and...

Trader_Shayan Updated 

Welcome to this analysis of XPT/USD. Platinum has been in an uptrend since the capitulation low on the 19th of March. Price rallied from 565$ to 860$ but on 21st of May but it faced some resistance there and went sideways for over a month. Looking at the consolidation it looks like the price has made a falling channel Bull flag that got activated yesterday by a...

Trader_Shayan Updated 

Welcome to this analysis on AU200. Australian stocks have been in a bullish trend since March. Looking at the 12HR chart, It looks like it just broke out of a month-long symmetrical triangle consolidation which should act as a continuation pattern in this case. The target of the pattern is around 6380$ as long as the price holds above the support of the...

Trader_Shayan Updated 

Hello and welcome to this analysis on Gold. Gold has been on a macro uptrend since September of 2018. Looking at the 6 HR chart, it seems like Gold has made an Inverse Head and Shoulders continuation pattern. The volume fits the volume profile of an inverse head and shoulders as well. You usually want to see low volume on the left shoulder, higher volume on the...

Trader_Shayan Updated 

Hello and welcome to this analysis on AUD against CAD. AUDCAD looks like is ready to continue its uptrend. Looking at the chart it seems like it has made a Bull Flag continuation pattern which just got activated by a break and close above the diagonal resistant of a pattern. The next level of resistance is the red box at 0.96 ish which can be a good target....

Trader_Shayan Updated 

New Zealand Dollar has been one of the strongest pairs of the Forex market recently. As you can see on the chart euro has been under performing NZD since late March. Back in March it made a descending triangle top and broke it to the down side. Since then it has been trading in a trading range between 1.825 ish which was the previous support of the topping...

Trader_Shayan Updated 

Hello guys, welcome to this analysis on XAU-EUR. As you can see on the chart it appears like Gold has made a distribution pattern since April that got confirmed by a high volume markdown below 1523 last week. The round arching formations above the 1520 level are usually an indication of weakness and distribution. This can be confirmed by the bearish divergence...

Trader_Shayan Updated 

Hello, guys welcome to this analysis on GBP-USD. As you can see on the chart price has made an Adam and Eve pattern that got completed by a break above 1.264 at the 7th of Jun. Adam and Eve patterns are some sort of double bottom with a V-shaped bottom on one side and a rounded bottom on the other side of the pattern. We can see that price came back and...

Trader_Shayan Updated 

Hello, guys welcome to this analysis on Nas100. I make this one short and sweet. :P The stock market had a strong V-shaped recovery since the Covid-19 panic dump back in March. The techs (Nasdaq) have been the strongest between the other major indices such as S&P or DJI. Obviously due to the nature of the businesses in the tech industry. They have been less...