BTCUSD tested 7110 twice since the last post and was approaching a strong resistance level around $7655. The triangle formation has shifted again but remains consistent as it looks to possibly test $7,000 as a support in the near term. For a more full analysis and intraday signals, trading ideas, strategies and tips feel free to subscribe to my newsletter. The...
USDCAD holds went below 1.4000 like I predicted today in my newsletter but now sits just on an important level in the short term. The 4-hour chart is showing us that it is in a new bullish triangle formation. The levels we must watch in mind are the following: 1.37865, 1.39588 - 1.40548, 1.42469 Note: If we lose the 1.39588 level, it is highly likely the next...
GBPUSD has maintained above 1.2300 and sits around 1.23600 on an important resistance level . The 4-hour chart is showing us that it is in a bullish triangle formation on a breakout. The levels we must keep in mind are the following: 1.22003, 1.22700 - 1.24700, 1.25600 What do we have here? ✔️ Bullish Triangle Formation ✔️ Breakout on Multiple Timeframes ✔️...
USDCAD could not 1.4000 and I do not expect it to hold today which is an important level in the short term. The 4-hour chart is showing us that it is in a bullish flag formation on a breakout. The levels we must watch in mind are the following: 1.37865, 1.39588 - 1.40548, 1.42469, 1.43796 What do we have here? ✔️ Bull Flag Formation ✔️ USDCAD- Failed at Support...
FTSE100 (UK100) tries to hold 5600 after multiple failed attempts to overtake 5800. It is currently sitting on a support level. The 4-hour chart is showing us that it is in a descending channel that could form into a bullish flag. What do we have here? ✔️ Descending Channel Following Longer-Term Downtrend ✔️ FTSE100 - Losing Support Level at 5600 Thank you,...
Dow Jones (US30) holds above surged above 23000 yesterday to close on a strong support level which is an important level in the short term. The 1-hour chart is showing us that it is in an ascending triangle. What do we have here? ✔️ Ascending Triangle Poised for Breakout (Lower) ✔️ DJIA- Pushing Support Level Thank you, Connor, Please feel free to follow me to...
Oil is falling back down to major near term support around $21.50 per barrel it cannot hold the $25 level today which is an important level in the short term. The 4-hour chart is showing us that it could be a lower head & shoulders forming. Not my favourite charting pattern but the technicals are showing that this level has enough buyers to complete the pattern....
USDJPY cannot hold above 109 today which is ann important level in the short term. The 1-hour chart is showing us that it could be a bullish flag formation The levels we must watch in mind are the following: 106.937, 108.168, 108.585 - 109.250, 110.193, 111.668 Note: This would be in the event that the ascending channel is broken What do we have here? ✔️ Bull...
ETHUSD much like other cryptos is very closely tied to the performance of BTCUSD. The ascending channel is showing the $190 - $200 could be tested in the next few days after a much-needed retracement down to $155. Similar to BTCUSD I expect after $200 is reached we would see a further retracement down to major support level ($100). For a more full analysis and...
Oil set to lose steam after OPEC+ meeting delayed and Russia-Saudi price war continues. MACD is showing the black liquid to be extremely overbought and at $28 is touching a major resistance level. For more full analysis and signals, trading ideas and tips feel free to subscribe to my newsletter. The Margin Call on Substack. Thank you for everyone who likes...
GBPUSD breaks the lower support level in the channel. Could it head towards 1.2000 For more full analysis and signals, trading ideas and tips feel free to subscribe to my newsletter. Thank you for everyone who likes and shares this analysis. Really appreciate it Connor
Silver trading volumes are down and technicals are showing possible break higher. For more full analysis and signals, trading ideas and tips feel free to subscribe to my newsletter. Thank you for everyone who likes and shares this analysis. Really appreciate it Connor
Could BTCUSD get back to $10,000? For more full analysis, trading ideas and tips feel free to subscribe to my newsletter. Thank you for everyone who likes and shares this analysis. Really appreciate it Connor
6.6 Million Jobless Claims, US Stock Market jumps temporarily. For more full analysis and signals, trading ideas and tips feel free to subscribe to my newsletter. Thank you for everyone who likes and shares this analysis. Really appreciate it Connor
Global indices have all be selling off and Europe has been one of the most affected areas. Technicals are showing that the FTSE100 is ready to retest sub 5,000 levels. Look for short around 5600 - 5450, The formation of a descending wedge has been broken wait for a spike higher before entering any short positions. For more full analysis, trading ideas and tips...
Global indices have all be selling off as a side effect of what is happening in the economy. Technicals are showing that the Dow Jones 30 is ready to retest sub 20,000 levels. Look for short around 21800 - 21300, The formation of a descending wedge has been broken wait for a spike higher before entering any short positions. For more full analysis, trading ideas...
Euro has been very weak against all currency pairs, with increasing stimulus on the way for the Eurozone I do not expect this to change. I am very much in favour of a USD short bias recently but EURUSD looks poised for a breakdown of major support levels. This combined with the fundamentals will be enough to send EURUSD lower. Started to look short around when it...
Bitcoin has been overlooked as a safe haven but the charts are showing us that we could be in for more possible downward movement for the cryptocurrency. Started to look short around 6260 - 6220 but if you can see that a larger bullish flag formation is being created. This has provided us with the opportunity to wait and see what the volumes give us. No need to...