pofseur

pofseur

Good Morning Everyone, The USDJPY has setup a nice Head and Shoulders formation. -When looking at the 12H chart, we can see that during the formation of the left shoulder, volume is rising. During the forming of the head, volume declines. Volume resumes rising during the formation of the right shoulder. Volume is a very important factor when trading the H&S...

pofseur Updated 

Hello Everyone, I hope you all had a good start to the New Year. Pfizer (PFE) has been in the news a lot recently due to their vaccine. There may also be a few reasons to keep an eye on their stock price. 1) Support/Resistance- PFE ended the year with a pull-back. The price is currently being supported around $37. Price has hit resistance at $37 three times...

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Good Afternoon Everyone, Over the past 2-3 years, I have been keeping a close eye on a list of cannabis stocks (medicinal and recreational) to see how they react to different market conditions. One company that has really peaked my interest lately is Aleafia Health (ALEAF). This is a company I have been watching since 2018 and has steadily moved downward since...

pofseur Updated 

Good Afternoon Everyone, The USDJPY is primed to continue its recent downtrend. On the 1D chart, price has just broken below the descending triangle. The next significant area of resistance looks to be in the 100.00 zone. I will be looking for entry points during the upcoming trading sessions. On the 12H, price is nearing the bottom of the descending channel...

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Hello Everyone, The EURCAD has reached the top of the descending wedge price has been traveling in on the 1D price chart. The top of this descending wedge coincides with the .618 Fib-Level on the 1D. A rejection here may signal a drop to the bottom of the wedge. Looking at the 8H price chart, Hidden Bearish Divergence has formed on the price chart and MACD in...

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Good Afternoon Everyone, The USDCAD was just rejected at a strong support. I expect further movement to the downside following a correction wave back to the top of the trend-line price has been following. The top of this trend-line also coincides with the .618 Fib-Level. Entry consideration would be made when price is rejected at the top of the trend-line...

pofseur

Hello Everyone, With President-elect Joe Biden set to take office in the new year, marijuana stocks may gain some positive momentum. My prior analysis back in June of this year predicted a consolidation followed by a breakout (see below). It now seems price has entered a more bullish territory. Now may be a time to consider additional long positions. On...

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Hello Everyone, The EURUSD 12 HR price chart is beginning to look the same as it did in early 2018 prior to a significant sell-off. -From Jan 2018-April 2018 we saw two distinct peaks followed but multiple lower highs. -In the present, we again saw two distinct peaks followed by multiple lower highs. -The 50 day-EMA fluctuated in a tight...

pofseur

Good evening Everyone, The US Dollar looks to be primed to continue its recent downtrend. With the presidential elections wrapping up in the US, the markets appear to be steadying out. With COVID relief packages likely to pass in the new year and increased government spending expected, the dollar will likely struggle. On the 1D charts, the dollar is starting to...

pofseur

Good Afternoon Traders, The EURCAD has been bouncing off a support around 1.5230 Hidden Bullish Divergence has formed on the 12H MACD/Price Chart and the MACD has moved quite far from the zero-line. I expect the price to continue its trend upwards in the coming days. Thanks for reading. If you liked my analysis, please give me a follow. *The above is not...

pofseur

Good Evening Traders, The EURGBP may in the beginning stages of a break-out. Price has finally broken the recent resistance around .90000. This may now be a new area of support. I will be watching for a pullback to the .90000 region to see if price is rejected. At this point, long-entry consideration will be made. Thanks for reading. If you liked my analysis,...

pofseur

Good Evening Traders, The EURUSD may be looking to re-trace some of its recent losses. It is possible we are nearing the end of a deep correction before another increase in price. Hidden Bullish Divergence has formed on the 8H MACD/Price Chart and the MACD has fallen well below the zero-level. Thanks for reading. If you liked my analysis, please give me a...

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Good Evening Traders, The USDCHF is once again entering an area of strong resistance. Price has been rejected twice at the Trend-Line where two previous sell-offs occurred. Hidden Bearish Divergence is forming on the 12H MACD/Price Chart. I will be watching for a short-entry position at the start of the trading day Monday. Thanks for reading. If you liked my...

pofseur

Good Morning Traders, The AUDCHF may look to continue its recent gains. Hidden Bullish Divergence is forming on the 12H and 1D MACD/Price Charts. RSI is also at a moderate Resistance level on the 1D. Price was rejected at the 50-EMA on the 12H and the 240-LMA on the 1D. A LONG entry opportunity may present itself at the beginning of the trading week. Thanks...

pofseur Updated 

Good Afternoon Traders, The USDCHF may be getting ready to make a significant move downwards. On the 16H, the price was rejected off a trend line drawn from the beginning of the current downward trend at the end of the trading week. Hidden Bearish Divergence has also formed on the 16H MACD/Price Chart. RSI has moved well out of OVERSOLD territory. On the 1W...

pofseur

Hello Traders, The AUDNZD is looking like it may make a move upwards before trending back down. On the shorter time frames (4h), Hidden Bullish Divergence has formed at the bottom of the current pull-back. I expect price to rise back up to the current Resistance level around 1.0800 before making a significant move downwards. The 1W chart is well above the...

pofseur Updated 

Good Afternoon Traders, The EURGBP may rise following the current draw-back. It appears the pair may enter an area of consolidation while the market tries to figure out exactly what it wants to do. The commodity backed currencies are causing turmoil to the EUR, USD, CHF, JPY, and GBP with the recent bullish expectations from investors. From a technical...

pofseur Updated 

Good Evening Traders, The EURUSD may be looking to begin its long awaited descent. On the 1W, price has hit a hard resistance point on a trend line drawn from the beginning of the downward trend that started in April 2018. Price touched off this line during this trading week before making a decline. There is the possibility of a false break-out occurring back up...