This is a follow-up video to my previous analysis on the USOil as we did make a minimum of 350pips in total to close last week. Oil bulls culminated in a loss during the later part of last week's trading session after a surprisingly higher U.S. inflation print for August reinforced expectations for more super-sized Federal Reserve rate hikes. Even as the selling...
After testing its highest point since 1980 - just right above the 151.00 area last week, the CHFJPY lost over 600 pips to signal a risk of further decline as projected in my previous analysis on this pair (see link below for reference purposes). Will the BoJ's intervention in the FX market signal a boost for the Yen in the coming week(s)? This video illustrates...
The BoJ kept rates unchanged which diverged from other central banks but at the same time intervening in the USD forex market which sent the USDJPY pair sharply lower during the latter part of last week's trading session. This illustrates how I intend to sell the USDJPY as long as the price does not break above the supply zone at 145 area. Risk Disclaimer: Margin...
Potential Head and Shoulders Top 3D scalp trading LINKUSDT is initiating a bearish momentum on 4H chart. The price action tested the trendline w/ weak volume. Expecting a neckline validation for a turn-point to scalp the probable right shoulder of this bearish pattern. Then I traced horizontal lines to look for the potential pivot price levels. Oscillator Fisher...
It is worth noting that Japan has been more aggressive in jawboning the Yen in the past week and results might start trickling in the coming week. However, from a technical standpoint, the multiple rejections of the 145.000 area in the last 7 days appear to be revealing the possibility of the selling opportunity getting ready to explode! I have been looking...
A successful breakout of the supply zone at the 144.00 area at the beginning of this month incited a strong bullish momentum. However, the character of the price movement during the course of last week's trading session insinuates a possible decline in the momentum as the reversal pattern evolves after multiple rejections of the 150.600 area. In this video, I have...
The price action presents a Butterfly Harmonic in process, in pullback to neckline of the Head and Shoulders formation. This micro consolidation seems to be forming a descending broadening wedge before the potential swing downward to complete the 2nd phase of the CB leg down. 14.6% of Fibonacci retracement target.
After being part of the second wave of the bullish journey that began 3 months ago; the appearance of a reversal pattern on the 4H timeframe might just be a signal that selling momentum is evolving behind the scenes as we head into the new week. In this video, I shared my technical opinion and how I plan to trade the USDJPY in the coming week. since Risk...
Following the indecision that gripped this market during last week's trading session; the price of Gold managed to stay afloat above $1,700 (new demand zone) to keep the hopes of a potential bullish opportunity in the coming week. I will be sharing with you my trading decisions in the comment section of my tradingview platform as soon as the market opens. Risk...
Following the strong sell that characterised this market in the last two weeks where we were able to scoop about 1,400 pips since my last publication on the index (see link below for reference purposes); we are currently at a critical point at around the $12,000 zone going into the new week. Are we going to be seeing buying potential during the coming week or a...
The Greenback fell modestly from an all-time high of 140.800 despite a positive NFP result on Friday to close the day with a shooting star candle. I am of the opinion that we might be anticipating the beginning of a retracement phase of the previous leg that broke out of the neckline structure identified on the daily timeframe which is likely to reflect the quick...
The momentum drive on the USDCF has been bullish since the beginning of the year and the breakout of the bearish trendline on the daily timeframe coupled with the appearance of a double top look-a-like structure during the latter part of last week's trade session could be a signal of a reversal phase evolving. However, I still hold a strong bullish bias on this...
The Euro was unable to hold to its two-day gains, as it dropped and closed below the new key level at the $1.02800 area to set the tone for a possible risk of further decline in the coming week. In this video, I have explained in detail the possible expectations that we could be seeing this week and how I intend to take advantage of the bearish momentum when...
The JPY still remains the weakest of the major currencies, and that has helped to propel the Swiss franc higher as well. However, from a technical perspective; the appearance of multiple rejections of the 142.200 which shares a confluence with the resistance level of the descending channel identified on the higher time frame. So, I am still leaning towards a...
Following multiple rejections of the bearish trendline (daily timeframe); the Pound seems to be initiating a tumbling move after multiple downbeat data releases to set the tone for a possible risk of further decline in price in the new week. In this video, I was able to identify the structure that emphasizes my bearish bias for the week. Last week's update on the...
GBPUSD slumps at the stellar US NFP result on Friday to set the tone for a possible risk of further decline in price in the new week. In this video, I was able to identify the structure that emphasizes my bearish bias for the week. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and...
The current technical structure suggests that the USDCHF remains pressured into a risk of a further decline in price. The appearance of a strong reversal pattern on the 4H timeframe gives me added reason to hold a bearish bias for the new week. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a...
The decline of the Greenback accelerated following the release of US economic data and bottomed at 136 to test the bullish trendline identified on the daily time frame hereby reaching its lowest level in two weeks. Now, the question is: Is price action going to respect or breakthrough the bullish trendline during the new week? In this video, I have explained how...