EUR/JPY has been bullish for some time, giving positives on a previous setup we shared. Price broke out of a resistance and moved higher impulsively, the analysis to this setup is linked below. On the 1H chart, price has now presented a continuation pattern in the form of a flag. We should look to long when price touches the supporting trendline for the third time...
HEY EVERYONE HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE, AN IDEA ON THE GOLD METAL THIS WEEK. * The metal has been Correcting for a couple of weeks now, seems we have entered some slowing down in momentum with the bears as we ranged in a Bear flag possibly signaling continuation. - Short term the METAL has currently Rallied with a down trend as WE broke below...
US30 has been bullish on higher timeframes. A pennant has presented itself on the 1H timeframe, signifying continuations to the upside. There are two ways in which this continuation will likely play out, and I have presented them on the chart CURRENCYCOM:US30
Fundamentals: Rising oil prices will contribute to strengthening the CAD, as it tends to fall in line with oil. What's more, Canada is experiencing economic growth overall. Technicals: The "Three Rising Methods" candle pattern on the daily chart comes with lower volume interest with each end of day daily sessions. On top of that, each session had wicks long...
EUR/USD has been very bearish for a long time. Price tested a supporting trendline on the weekly for the third time. I am now expecting deeper corrections but price broke out of the rising flag after third touches. There is a strong possibility for both of these to play out but most likely price will go up in the near future as EUR inflation rises. Interest rate...
NZD/USD had been in an uptrend on the daily chart. Price started to correct deeply and no that correction seems to have finished of with an inverse head and shoulders. To add to this, the Elliot wave sequence has completed for this correction and we can expect a reversal of it, hence a continuation to the upside. Price broke the neckline of the Inverse Head and...
EUR/JPY Has been a ranging market for the most part. Price has been ranging since May 2021. this range turned to be a bullish flag, and price was in an uptrend in the weekly. This gives us strong reason to long this market. We recently broke out of the daily trendline and should look for continuations to the upside. I expect price to retrace and respect previous...
EURUSD has been bearish since the start of the year. A bearish continuation flag has presented itself on the 1H. This flag broke out and now price has created a continuation structure to the downside, We should look to enter at the breakout of the support and target the start of the correction. OANDA:EURUSD
NSE:NAHARCAP has started its second leg of upward journey. There are volumes increasing at each breakout. Keep stock in watchlist.
Ascending Triangle - Continuation pattern - Ascending triangle represents consolidation of price before continuation of bullish trend - Bullish indicators - strong rejection at support - Going in line with current 200 EMA trend
HEY EVERYONE HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE, AN IDEA ON THE GOLD METAL THIS WEEK. * The metal has been Correcting for a couple of weeks now, seems we have entered some slowing down in momentum with the bears as we ranged in a symmetrical triangle possibly signaling continuation. - Short term the METAL has currently Rallied with a down trend as WE...
HEY EVERYONE HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE SOME OPPORTUNITIES THIS WEEK. LOOKING AT THE DOLLAR INDEX * The index has been trading in a bullish trend that lost momentum as we enter a reversal pattern that is now range-bound within the support & resistance . * Looking for a double bottom formation within this range unless we see a breakout or...
HEY EVERYONE HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE, A LOOK AT THE EURO / DOLLAR PAIR. * The pair might be in the formation of an ascending triangle possibly will be range bound until we see a breakout. - On the EUR/USD looking for some bullish momentum to come into play before we can see that breakout. - Looking for long entries on the PAIR short term...
HEY EVERYONE HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE, A LOOK AT NASDAQ INDEX THIS WEEK SWING * The index was trading in a DESCENDING channel NOW entered a range bound market, saw a beautiful double bottom looking for a retest of this structure before continuation to the upside. - We finally at that zone which highly probable to become the reversal point...
HEY EVERYONE HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE, A LOOK AT POSSIBLE SCENARIOS THAT COULD PLAY OUT IN THE COMING WEEK ON THE DOLLAR / CAD PAIR. * The PAIR WAS range bound consolidating between support and resistance That just saw a test of the base of structure. - Short term the pair ,might enter an up trend should we see a break and close above the...
HELLO EVERYONE HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE. LOOKING AT THE USOIL * The ENERGY is currently trading in an uptrend , just consolidated and rejecting at the base of this structure, fundametals went in and saw the ENERGY sour to $132 highs. - Short term the pair is currently at the supply zone could go lower but looking for possible continuation...
HELLO EVERYONE HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE. NEW WEEK, NEW OPPORTUNITIES. LOOKING AT THE AUD / DOLLAR * The PAIR has been trading in a Ascending channel , just tested the roof of this structure after that fake out seems the bears are in control. - Short term the pair is in a down trend on lower time-frames as we see break bellows even on the 4h...
HEY EVERYONE HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE. NEW WEEK, NEW OPPORTUNITIES. LOOKING AT THE DOLLAR / ZAR * The PAIR has been trading in a descending channel just tested the TOP of this structure creating a double top after some strong bullish rally. - Short term the pair is currently rejecting at this structure possibly signaling a change in momentum...