iamkotryna

iamkotryna

Who else was expecting a strong move from the Yen this week? I was!! after all the news speculating about BOJ focusing on the weak yen and how it is ready to make it stronger. I believe it will happen, however, need to be more patient. If not this week then, I think it could reach 125.000 before dropping. K.B.

iamkotryna

ANALYSIS: This month USDJPY breakout from Ascending Triangle. The price is still trading in measure move. I am waiting for the price exhaustion. Ideally, the price will form a strong valid bearish candlestick pattern before pullback takes place. In the 4H chart, I have noticed that the price is forming bearish divergence. MY COMMENT: Hi. My name is Kotryna. This...

iamkotryna

ANALYSIS: USDCAD is still trading in Symmetrical Triangle formation. Taking fundamental analysis into the account, this week is more likely that the price will breakout from it and continue trading in a downtrend. However, I will be waiting for clear confirmation - two closed candles after the breakout IF it occurs. MY COMMENT: Hi. My name is Kotryna. This is my...

iamkotryna

ANALYSIS: This month USDCHF price breakout from Symmetrical Triangle formation. It is trading in pullback however if the price will form a pin bar which will close above 20 EMA and Fib retracement then, it is possible that the pullback is finished and the price will continue trading uptrend. In the 4H chart, I have noticed that the price formed a bullish...

iamkotryna

ANALYSIS: GBPUSD is very fragile at this moment and mainly driven by news from UKRAINE/RUSSIA conflict. I believe it's too soon for GBP to recover, but with PEACE talks coming, I can only assume the outcome. I have noticed that the price in the 4H chart is trading in Ascending Triangle formation which is more often bullish than not. The price in 1D chart breakout...

iamkotryna

ANALYSIS: EURUSD is very fragile at this moment and mainly driven by news from UKRAINE/RUSSIA conflict. I believe it's too soon for EURO to recover, but with PEACE talks coming, I can only assume the outcome. I have noticed that the price in the 4H chart is trading in Rising Wedge formation which is more often bearish than not. The price in the 1D chart is trading...

iamkotryna

ANALYSIS: Price in DXY 1D chart is still trading in Rising Wedge formation. However, it is slowly narrowing to the very top. We could see the price trying to challenge the upper trendline in the last weeks. MY COMMENT: Hi. My name is Kotryna. This is my second time conquering Forex. I am using a very simple chart set up to do my analysis. You can see technical...

iamkotryna

The daily chart resembles the weekly chart pretty well. The triangle is clearly seen (symmetrical or descending - up to you to name it). Also, there is a weak bearish divergence in progress. EMA is too close to each other for forecasting the next turn. Waiting for: A breakdown below lower trendline; Significant price pattern to form; Candle close below...

iamkotryna

Pretty straightforward analysis. The symmetrical triangle formed in the downtrend on a weekly chart. Waiting for the breakdown below the lower trendline. Also, EMA is nicely aligned for the downtrend to continue. Waiting for the candle to close below 20EMA.

iamkotryna

If the price will close today as a bullish candlestick, I believe it will confirm a return move of head and shoulders pattern. Happy trading!

iamkotryna

In the daily chart, I can see that the bullish pennant breakout happened, and now the price is traveling the same distance as at the beginning of this bullish formation. Currently, the price is trading in-demand area and approaches a pretty strong resistance level. It might stall for a bit in here before making a move up. However, it is also possible that from...

iamkotryna

In the daily chart, I can see a rounding bottom reversal pattern. Currently, the price is trading in the zone where the price reversed in the past. So it is likely that it will happen again. However, until the price does not leave the 'neutral' zone, I will not place any trades :) Happy trading!

iamkotryna

From my perspective, I see an inverted head and shoulder pattern on the chart. The price is trending in an uptrend but close to the major trendline. It's always very suspicious if the price is trading around it for some time. That's why I need a valid confirmation to go long. The price is forming the second shoulder, but it's still just my guessing. I only...

iamkotryna

Sooo... BE PATIENT: The chart shows a deeper pullback IF the price will close below 20MA and below near term trendline, confirming a bearish reversal candlestick pattern. RSI shows us that my favorite find - bearish regular divergence - is happening. So confirmed pullback + divergence = ;) However, as much as I love them, I always keep in mind that it can signal...