UCAD staircasing its way up to the supply Zone in a loose ABCD formation, dont sell it now there are plenty of reasons to sell it in the peak supply area instead.
Is EU telling us where it is going to be heading in the year coming? Looking at an On-Trend Continuation in the current area. 61 & 38 Confluence on the 1.15 Mantle, wicks out to the top, Previous Price Reversal Area, 3-4th Loose hit on the Downtrend line, 100EMA floating across the top. Very nice set-up, possibly for the first half of the year.
The New Zealand Dollar depreciated about 84 base points against the US Dollar on Friday. The currency pair was pressured south by the 50-hour simple moving average. However, the exchange rate bounced off from the lower boundary of an ascending channel pattern at 0.6789 during the morning hours of Monday’s trading session and currently testing a resistance level...
The US Dollar is trading in a triangle-like formation pattern against the Canadian Dollar. The currency pair tested the lower boundary of the triangle pattern at 1.3340 during Friday’s trading session. Currently, the exchange rate is trading near the bottom border of the pattern and could be set for a breakout. If this breakout occurs, the currency exchange rate...
Recently American Express tested Ripple’s xCurrent solution for cross-border payments and happy with the results. General managment of American Express admitted that the technology could speed up the international payments. American Express bets on the potential of blockchain technology and invests heavily in fintech research and development. Im more likely to...
ETH finally was trading all green on Monday. Unlike the previous two weeks, this week seems to bring more good vibes for the coin as it has seen a massive surge in terms of price. According to CoinMarketCap, Ethereum was trading at $115.16 with a market cap of $11.91 billion, but by the time of publishing ETH has $11,076,611,882 market cap and trading at...
Here is my USDJPY prediction in an easier to read format. Again i have labeled the harmonic pattern as well as the market cycle on the 1hr chart
Here on the USDJPY pair I have found an harmonic pattern. I was caught in a trap but i have re-positioned myself. Harmonic patterns are the most advanced patterns to emerge in the market and are highly accurate when applied correctly. Take a look at my detailed analysis and if you have any questions comment below. Happy trading and be sure to protect your risk.
here looking at my simple GBPUSD technical analysis using pure price action I have recognized an opportunity to go short on this currency. There is much heavy and impactful economic data to be released in this month of September so I am excited to see what the market offers. Happy trading
USDCHF had broken below the triangle pattern. Some levels to look out for as it rallies back towards the supply zone for short opportunity. Happy Trading, folks! Cheers!
First let's start by looking at the monthly candle. USD Index lost over 76% of its gains from the low 95.50. Although the month is not over, there's a question to be made whether USD peaked @ 97.00 level. As we look at the weekly timeframe, USD index put in a shooting star for the week prior, also what I considered a dark cloud cover pattern. It's tough to say...
To start the month of August, our expectation was for the King Dollar to retest the highs before moving lower. That, however, wasn't the case as USD closed above the monthly downtrend line. If you have been following this analysis for a few weeks back, price levels and trend line hasn't changed a bit (except for a couple add-ons - update). Looking even further...
Wednesday’s FED Announcements have produced bullish action due to the statements issued. For the intermediate-term, the USD Index is likely to grind higher in anticipation of a hawkish FOMC Minutes release and upcoming September FED meeting. The last three sessions have been big for September USD Index futures. Price has broken above topside resistance on the...
There are two things to consider on this pair: 1) It's near supply level 0.9955 and 2) it's also near trend line which gives us a strong confluence level. Happy Trading, folks! Cheers!
With one week left to go, 1 of 2 things can happen: 1, USD Index re-testing the high and break above it or 2, breaking below the trendline and heading south. Happy Trading, folks! Cheers!
The chart says it all! Happy Trading, folks! Cheers!
USDCAD had broken above the downtrend line. The question is will it bounce? If so, how high will it go?