CAD: The Canadian Dollar has extended its bearish reversal with USDCAD hitting the top of its recent consolidation range. Clean break of 1.3160 leaves room for a test of 1.32. Wider yield spreads between the US and Canada has been among the factors behind the bid in USDCAD with US/CA 10yr bond spreads widening to -60bps from July lows of -48bps. USD/CAD...
Bitcoin is ranging inside July 18 candlestick. While it could be bullish from an effort versus result point of view, the simple fact is that the trend trajectory is negative. Connecting peaks of the last two weeks yield a negative gradient. Therefore, the path of least resistance is southwards. Even so, and in line with previous BTC/USD trade plans, any surge...
The GBP/JPY cross remained heavily offered for the second consecutive session on Monday and tumbled to fresh multi-month lows, farther below the 134.00 handle. Friday's sustained breakthrough over one-week-old ascending trend-channel support was seen as a key trigger for bearish traders and behind a strong follow-through selling. Given that the pair has confirmed...
What to look for around EUR The inability of the pair to clear the important resistance area in 1.1280/90 has encouraged sellers to return to the markets, triggering several tests of the 1.1200 handle, albeit failing to move further south. Further out, occasional bullish attempts should be seen as a short-lived against the backdrop of renewed and increasing...
GBPJPY 15MIN LONG BUY #HOKCAPITAL Reak first time drawing with the xABCD tool. Been playing with the science behind it lets see how it do including this new indicator with my Fibs and Support / Resistance indicators.
As we say towards the end of May we are at a current ceiling awaiting on the next move, this level showed as the past turn around areas where the bears become bulls with slight pullbacks to the .36 level before taking off like hot Cheetos to the bathroom. Looking towards .50 small profits.
XAUUSD Possible Short within the week. #HOKCapital talking my shit lets see what happens. ;) Please see past charts ;)
USDJPY 15MIN Long: Waiting for entry
NZDUSD Long 15min Entry #HOKCapital
GBPJPY Long possible two Senarios. Lets seet his playout
I see two options: on a bullish note I see it tapping .3822 again as a test of resistance also looking at the RSI we are approaching a buy market.
Hitting a lower resistance level, I personally believe this is one of strong floor levels. Im looking at a Long (Buy)
Seeking an entry for next week, lets test my UJ eye see if i still got it.
RSI close to 90. Consolidation @.50 fib Road Bull Trend-line til exhausted M for Murder / Double Top Retraceback to atleast the .382 fib