We posted analysis on this pair last week on our profile expecting a break of our chart pattern. We have seen that break today! Will we continue to see downside movement throughout the week or will price retrace?
We can see price has now reversed - we expected dollar strength and this is what we're continuing to see through London this morning. Lets see how price develops on the pair through New York in around 4 hours time. Identify key trends, key breaks, key structure levels. We're expecting more downside movement on the pair. Happy Trading! Hope you all have a great...
We've seen NZD/CAD in a long term uptrend. We see a break of structure, a retest of a previous structure low before bears enter the market. Look at these textbook break and retest setups and potential entries you can take to the downside! A break and retest is when price breaks through a previous low in the market, retraces and tests this level as resistance...
The euro continues to resist dollar bulls by holding this level. Long wicks to the downside in recent price on the 4HR show bulls trying to push price down and break this level but failing. Can see price might trade in this 50 pip range for the rest of the week. However, be ready to adapt your directional bias if we see a price break down through this...
New pair on the analysis page! We've seen a long term uptrend on the pair. Price currently trading in a range with price failing to make new highs (aside from the fakeout). Will see more bears enter the market during next week. Many AUD pairs at the top of their respective ranges including AUD/JPY - see our previous analysis on the pair! Happy Trading!...
Good afternoon traders, hope we all have a great weekend. Here's what GBP/USD is looking like heading into next week. We can see price tagged 1.37 forming a triple top formation. As expected, bears enter the market and take price down over 100 pips in a 24 hour period. Will USD strength continue into next week? Could we see price test 1.35?
USD/CHF - Daily Chart - Our blue daily key level is market at 0.9000 whole level. We're expecting price to break our current 4 hr level during next week and rally up to test our blue highlighted level. The green arrow shows the potential price path the pair could make in the longer term.
AUD/USD - We can see multiple rejections of 1.78 and our trendline used as dynamic resistance twice after a break of the ascending channel. Price currently testing a key 4HR level. Drawn are two potential price paths.
A key long term resistance zone. Price is getting squeezed in this rising wedge type structure. This week we've seen indecision with increased sellers in the market at this key level. Will we see a break of structure and move to the downside? Happy Trading. And always manage risk!
Another test of that upside pending for USD/JPY today. Keep an eye on this pair traders. It will give us a great indication of longer term USD movements across all currency pairs. More information? Just direct message me and I'll do my best to get back to you all! Happy Trading!
On the 6th January we posted the linked analysis for GBP/JPY. We have seen a break of this flat channel to the upside! We are predicting market moves consistently before they happen! We could see price fall to retest the top of our flat channel and form another potential buy opportunity! Keep an eye on this pair!
NZD/USD - 4HR I appreciate there is a lot going on in this piece of analysis here. If you don't understand, private message me and I can break it down for you! We can see a break of structure, push to the downside and a bearish retest of a key level in the market - our sell confirmation. Happy Trading. Stay tuned for more analysis
GBP/AUD - all the info you need is written on the charts. This is absolutely textbook one hour structure so far. Put this is your break and retest notes! Breaks and Retests are a fantastic confirmation of trend. Use them! Happy Trading guys!
Watch this pair. For USD to complete a full reversal price will need to break out our long term descending channel and our marked blue key level!
USD/CAD - Daily Chart - This is another market we posted last week and check out what's happened here. We're seeing bulls take over the market after the bounce off support in confluence with the 1.27 whole level. Will we see price test the top of our 210 pip range? Keep an eye on this pair.
After touching the top of our ascending channel price has formed lower highs and lower lows including one break of a very key 4hr level. Price has moved 200 pips and currently finding some bulls sitting at 1.35. We have a very strong daily chart level at 1.34. Fundamentally, we have possible reasons why we could see USD bulls continue to take the dollar...
Good morning traders! Check back to last week where we predicted a break of structure on the pair. Well, we've seen that. Look at price now respecting and finding support at our already marked key level in the market. With bears looking pretty strong will we see a break of this level and further movement to the downside this week? Look closely, and you can see...
Simple outlook of this pair on the daily. What happens to price in this key zone will be instrumental in predicting whether USD will complete a reversal to the upside or continue it's decline. Keep an eye on this pair! Price could break this long term descending channel! Have a great trading week folks!