The crosspair has reached critical resistance are and is currently forming an M on the 4hr timeframe.
There is multiple reversal points near that area and USDCAD is trading near the 0.38 % fib level and also a previous reversal area for the pair!
There is upcoming news on AUD tonight that may affect our analysis !
The crosspair is currently rejecting the daily trendline around 0.7505 and USDCHF reached the psychological area of 1.00 that could be a nice long position! then there is significant support at that area with multiple reversal points!
The pair has been on an upward trend for the past 3 months rising more than 500 pips.
This bullish run it looks to be on its end as the pair found significant resistance around the 111.90 -111.80 are where it has formed an M formation on both the daily and 4hr timeframe.
If the pair form a triple top on the 4hr trendline it will be a great entry point for a...
The pair is currently recovering from a 200 pip drop the past weeks.
Is currently trading below the 200 EMA but is forming an inverted widening triangle which shows a bullish continuation trend. We can except it to retest again the 0.7050 area where it could be a prime entry for a BUY position. If the pair test again that area it could be forming the second leg...
The pair is forming a bullish flag which is a sign of a continuation pattern usually accelerates the preceding bullish move. If the pair retest the 0.6820 area it would be a prime entry for a buy position as it matches perfectly with the 200 & 800 EMA significant support are with previous reversal points.
We need to be careful as there is upcoming news on the...
Oil price broke the consolidation area of $54 - $58 area and there currently trading at $58.40.
There is a lot of buying happening on oil prices based on technicals, prices may rise up to the next resistance of $60 a barrel before any reversal or even $64.
We may see a reversal around the $59.20 area where it failed last week to break above it as the daily 200&...
Gold follows the same pattern for the past 2 months, where big upward and downward movements happen after a whole week of consolidation.
Currently its following an upward trend after consolidating around the 1285.00 area. Bulls may target the 1315.0 (0.50 % fib level) before any major reversal to occur.
Also, if DXY follows its current downward trend traders may...
The US dollar index is currently trapped within the 200 & 800 EMA (96.40-96.80) area. There is a lot of selling pressure around the 96.80 are as the pair tried several times to break that are athe past week but it failed. Its currently trading below the 200 ema, if it succeed to break below the 96.40 area the bullish trend will end but if not it may retest again...
Bearish divergence on the 4hr timeframe + nice rejection around the 0.6920 area ! NZDUSD overbought for the past 4 trading sessions and USDCHF reached yearly highs ! Nice M formation on the daily and 4 hr timeframe !
The pair has been overbought the past week. USDCAD is up for a big drop as it has been overbought also last week.
The pair is trading near the monthly trendline around 0.9150 where there is significant resistance.
We can expect the pair to drop within the next week if both major pair follows our analysis !
Aldo there is an M formation on the Monthly, Weekly,...
The pair has been oversold for the past 2 weeks reaching the psychological line of 0.70.
We can expect the pair to rise the upcoming weeks if the DXY start dropping and if upcoming news for AUD are in its favour.
For a perfect entry we can wait until it forms the second leg of the W on the 4hr timeframe around the 0.7020 area.
There is no significant news for...
The pair has reached past 4 months highs of 1.120 where it has been rejected by the weekly trendline at that are.
The pair is currently overbought but we can expect it to test the 1.100 are again before it fall further.
It could be a huge opportunity for a sell position if it plays nicely with the combined drop on the DXY.
If it forms the second leg of an M on...
The pair managed to drop through the drop of the Us Dollar index on Friday but it faced a lot of support around the psychological line of 1.34.
We can expect the pair to retest the 1.3470 to form a triple top before it could drop further.
There is no big moves on oil prices as there is confusion between the US China relations (worsening demand) on -(ve) side...
Oil prices have been consolidating between $54 -$58 a barrel the past 3 weeks.
We can expect the oil prices to form a triple top and then to drop to lower levels such us $51 & $49 .
The $57.32 area shows a significant support as the 800 EMA and the 0.392% mnth fib level match at the same point.
Gold was consolidating the past week near the 1280-1290 area . We can expect the pair to follow an upward trend if the Us dollar index drop within the next week as it has been overbought the past week.
Perfect entry point could be the 1300 area where the pair showed its major resistance, with multiple rejections.
There is a big potential for a BUY opportunity as...
There is a clear M formation on the 4hr time frame + possible Bearish divergence +Is on a critical S&R fib level + The pair was overbought the past few days and the DXY is currently rejecting the 96.75 +Oil prices are on the rise
It is the second consecutive week that the pair rise up to 0.69 and drop hard around 100-150 pips in a matter of an hour!
There is a clear ELIOt wave formation and its currently sitting on the D point.
DXY is currently rising but we could expect it to drop within the week, also the pair face a lot of rejection around the psychological line of 0.68 where it...
The pair has been oversold and USDCAD overbought more than 200 pips.
USDCHF is currently trapped around the 1.00 are so if USDCAD plays well we can expect this cross-pair to follow the chart pattern and try to reclaim the 0.76 area.
Also is currently forming the second leg for a W formation on the 4hr timeframe and is approaching the psychological line of 0.75...