cupofconfidence

cupofconfidence

We are seeing price come back to a nice area for Bulls to possibly enter on Bitcoin. Keep a close eye on this pair at market open as we shall see that gap possibly hit right on or close to our entry level for that Buy. Remember to set your stops and take profit levels appropriately.

cupofconfidence

We have many confluences for Bearish integrity with USDCAD for at least the next 4 years. Starting from the weekly time frame, we can clearly see an M formation starting at January 11, 2015. And moving down to the H4 time frame, our Momentum indicator shows us that price is already at an overbought area, so we can expect price to move to the downside in...

cupofconfidence

Based on our fundamental bias and bullish integrity on EURUSD, we are seeing some options for BUY entries on this pair either to close out this month or into next month. There are two BUY zones laid out here on our analysis. Keep an eye on this pair for Bullish momentum.

cupofconfidence

If we start on the Monthly time frame for GBPCAD, we can see that price is still at all-time lows. And what we know about this confluence is that it we can expect more bullish integrity. Off of the Weekly time frame, we drew a line where resistance has now become support again at 1.76083. That being said, if this support line holds, we can expect a nice entry zone...

cupofconfidence

Starting from the Weekly and Daily time frames, we can see that there is a high probability of AUDUSD continuing to be bullish going into this new week. Drawing a fib off the Daily time frame, from March 19, 2020 to our most recent high on February 19, 2021 we can clearly see that price is right about the 6.18 price reversal zone. With this confluence, we can go...

cupofconfidence

Since Bitcoin has been good to us Bulls, DSHUSD was an apparent crypto to look at as well. Drawing a Fib off the Daily time frame, we can see there is another huge opportunity for Bulls to continue upwards and take profit at the 38.2 reversal zone.

cupofconfidence

EURGBP is a slow-mover in our opinion. However, we get paid on SELLS with this pair so it's always good to keep on the Watchlist. We are more interested in sells than buys for EURGBP due to seeing that price is at the all-time high levels. We see a potential area for Bears to enter this week/month (entry price and take profit price is noted on the chart analysis here).

cupofconfidence

Price closed right near a very nice BUY zone on EURAUD last Friday, Feb 12th. We can expect a potential entry for Bulls this week right around 1.56176 , take profit area around 1.57205 up to 1.57534 . Support line is at 1.55994 , if price continues to stay above this level, we can expect that profit-taking for Bulls this week/month can take place.

cupofconfidence

Price is currently at all-time highs right now which means it can be a great opportunity for SELLS (Bears). We drew a Fibonacci from the most recent high to low and we can definitely see that right at the 61.80 level there was a Double Top and also right at the sell level from last month and also this month if you trade using Pivots. Possible entry for Bears is at...

cupofconfidence

Price is at all-time lows right now on NZDCHF. We can see 3 opportunities for a BUY (Bulls). Using the Fibonacci retracement, we can see that there is a potential for Bears to enter at the 61.8 level of the Fib, however, it may simply be a 1,2,3, Reversal pattern for Bulls to enter at the 38.2, 50.0, or 61.8 level of the Fib.

cupofconfidence

We see major potential for SELLS on CADJPY, however, do keep in mind that we expect this pair to also be quite Bullish into next month or April 2021. Drawing out two scenarios on our analysis here: we are hoping for Scenario 1 this week (but we will see). If you would like to enter a SELL at 84.551 , expect to exit (TP) around 81.543 (which was a previous level...

cupofconfidence

Price is currently at an all-time low area. We are expecting more Bulls than Bears on AUDNZD. If you start on the Daily time frame, you will see a clear bottom, neckline, double bottom; a clear indication for a BUY. We are looking for a higher high, and have labeled a next entry level for Bulls at 1.08087 .

cupofconfidence

We see more than a few confluences for a SELL opportunity on AUDCAD. We drew a fib off the daily time frame and worked our way down using pivot points and seeing that the same area of 6.18 reversal (on the fib) is right along next month's SELL ZONE. Once market opens, wait for the double top to take a SELL.

cupofconfidence

Price closed last week at a level where both Bulls and Bears must pay attention. We are expecting price to possibly break out of the 6.18 possible reversal zone (drawing a Fib off the Daily time frame). We have laid out the two scenarios here. Expecting an area for Bears to enter next month around the 38.2 price reversal zone.

cupofconfidence

Bitcoin has been GOOD to us Bulls this month. And we are seeing another possible entry for Bulls at the pullback level of 44200.6 (hopefully next week). Set your TP levels at 50000 and 55000 .

cupofconfidence Updated 

With our fundamental bias, understanding that Japanese Yen is expected to stay weak for the next 4-6 weeks, we can take advantage of some bullish setups for NZDJPY for the next 4 weeks. Right now price is at a nice Bullish entry as a front-run for next week. Enter your BUY order around 75.615 and your Take Profit price at 76.284 (always make sure to set a...

cupofconfidence

Overall, we see bullish integrity on all timeframes with AUDJPY this week. If we see price heading back towards the support level of 80.473 , we must keep an eye here (horizontal line drawn on our analysis). -If price breaks our support level majorly, we can expect a scalping opportunity for Bears/Sells to enter, however, we are expecting price to keep it's...

cupofconfidence

Bulls would be taking profit today from last week's BUY order. Drawing a fib on the daily chart, we are seeing a definite area for price to reverse, however, we are still in a Bullish trend on Oil. We may see an opportunity for a short-term SELL for Bears to enter right around 59.73 . Once Bears take their exit for that short-term order, we can definitely expect...