Looking at the chart today from BrainChip ( ASX:BRN ) I can see they it has a couple of potential directions from here.
Over the last week or so, the stock has been retreating back from its highs of close to $1.00.
Overall though, I can see 2 possible scenarios.
Holding current levels (which look good considering the 61.8 fib line placement) here...
Hi Traders, Here's my Analysis on UsdCad
Price action testing market’s 38.2 Fibonnaci retracement level, coming out of a daily resistance level. From here we may see the market make another attempt to break resistance at 1.3420. Failure would see potential fall to around 1.3100
Pin bar rejection at 4Hr support, which previously acted as strong...
Hi Traders, Here's an my Intraday trading analysis on EurGbp.
Daily timeframe shows where we have tested the 61.8 fib level based on the recent bullish impulse. This is an indication that the market may have completed its correction.
The 4Hr shows price in a down channel, but there was also a strong rejection of the 4Hr support too, then finally to tie all our...
Hi Traders, Here's an update on CADJPY
Market panning out as expected with the break on the daily trend line support. You can review the my analysis on this (link attached here)
We are seeing the $79.00 level being heavily respected over the past 4 trading days with price action failing to close above. This is a good sign that market may give us that bearish run...
Hi Traders, Here's my thoughts on XAUUSD (GOLD)
Corrective market structure on the Daily timeframe coming out of a strong bull run with price hitting all time highs.
4Hr Timeframe showing a completion of a 5wave cycle using the elliot wave principles, as such, I would be looking for a pullback between the 38.8 and 61.8 fib of that cycle. Current price action on...
Hi Traders, Here's my thoughts on GBPUSD
Corrective market structure on the Daily timeframe with Daily and 4Hr support holding firm,
current price action on the 1Hr showing an active downtrend channel, and as such we could see a break down of the support structure the higher timeframes.
My overall bias is Short and to see price action hitting 1.2550.
Hi Traders, Here's my thoughts on EurUsd
Ranging market on the Daily timeframe with 4Hr support holding firm,
current price action on the 1Hr providing confluence to Daily and 4Hr.
My overall bias is LONG and to see price action hitting $1.5700
I've labeled the areas based on what I will be anticipating.
An entry will be taken only if all rules of my...
Hi Traders, here is my analysis for XAUUSD ( GOLD )
This is an update to my detailed analysis on this pair.
4Hr market structure confirms the bearish triangle formation with price action breakdown below $1920
Based on Elliot Wave Analysis we can identify current price action in the 4th corrective wave, where we will be anticipating and move lower to complete...
Hi Traders, here is my analysis for EURCAD
We are at a very interesting resistance with where each rejection of this level say price action falling to around 1.50 or below. We are expecting the same to take place here. Assessing the market structure over the past six (6) month we are seeing where we are above an key level...
Hi Traders, here is my analysis for BTCUSD(Bitcoin)
Price action is currently in a strong Resistance Level, where the market turned heavily bearish the last time reached these highs and the situation appears to be the same today. The overall market has been in a corrective state and looks like a potential triangle formation...
Hi Traders, here is my analysis for XAUUSD (GOLD)
Strong Uptrend market for gold, in fact we’ve seen price hitting all time highs in the process. Based on Elliot Waves Principles, we have completed the 3rd wave of that super cycle and we should start to see some correction in the market (consolidation) which is also clear...
Market has broken channel to the upside, and we’re also seeing rejection of the 38.2 Fibonacci level coming from the recent bearish impulse. Given this scenario, should we see price action finding its way below 1.2800 we could see a bearish market continuation down to 1.2500.
With the US Dollar index still showing signs of weakness, I will still be Long the...
Hi Traders, here is my analysis for CADJPY
Strong Downtrend market is active on monthly with price action forming a downtrend channel , with price rejecting a key resistance level . Ideally we should be expecting this trend to continue.
Downtrend market structure also clear on the weekly timeframe ,...