As mentioned in our past analysis, the Silver price didn’t have enough power to sustain a bullish move above the resistance area that we highlighted. Even though Silver slightly broke the top, we still expected the bearish move to unfold in order to finish what it started. In this context we predict the price to head towards the $24 levels, however keep in mind...
USDCAD ended the Friday session with a daily low within the 1.2760 area, despite the release of a very disappointing Canadian labor market report for January.
Our focus for this week will be on a price increase that can push the pair upwards 300 pips, but not before this consolidation is completed. We will monitor the support area that we highlighted on the chart...
On Friday’s trading session, the Australian Dollar erased the weekly losses against the US Dollar as the Non-Farm Payrolls data impacted negatively the “Greenback”.
In the coming week, our technical perspective for AUDUSD points out for a price increase that could potentially push the pair to the 0.78 level. Our long-term view for the “Aussie” is very bullish, but...
The Sterling lost some momentum at the beginning of last week against the US Dollar, with the price bouncing of the lower channel line before making room for a new top as the Bank of England kept the interest rate unchanged. The positive takeaway from this is the unlikelihood of negative rates in the near future, with officials suggesting that it would take at...
As mentioned in our previous analysis, the Euro lost more of its gains against the US Dollar, breaking the 1.20 level that we were expecting to be breached. For this week we anticipate that the pair will gather some bullish momentum and break the trendline highlighted on the chart with the next target sitting around the liquidity pool area.
Keep an eye on the US...
this trade is one of my first testing trading with order blocks. any comments would be appreciated. i have used a trendline to confirm the block/demand zone
Price traded 3x ADR down. Created a BMS structure. Price retraced back to M30 Bullish OB. Looking to trade price up to H4 Bearish orderblock sitting above.
Copper price moved sideways for the whole trading week, as we forecasted in our past analysis. As we broke out of the previous trendline, we anticipate for this week that the consolidation will continue to the support area highlighted on the chart. Once this move is completed, we will likely see the top brake once more.
Trade with care.
Best regards,
Financial...
As mentioned in our previous Silver analysis, the price retracement that we’ve been expecting, has been completed and now we wait for a confirmation that it will indeed be heading towards 24$ levels. The resistance area highlighted on the chart could be strong enough to reject the bulls, therefore our focus for this week will be on a bearish move if we get a clear...
In our last week forecast, we pointed out that we expect a consolidation to start in order to gather up enough price momentum, so that it can retest the November lows. Consequently, the price went as we anticipated and our expectations for the next couple of weeks grow towards a bearish move that will be heading at least to test the 1763 area.
Trade with...
WTI ended the week where it started as we are in consolidation territory.
For the coming week we anticipate that the price will further depreciate, but it’s still uncertain, as we can expect that anytime the bulls may have a last-ditch try with the intention to push the price up and break the top before starting a bigger bearish move that would act as a...
The US Dollar increased its gains against the Canadian Dollar as the economic projection for the US Economy remained on track.
As we forecasted, the price strongly breached the trendline nearly reaching the 1.29 levels, with expectation growing higher that this week we will reach 1.30 levels. There is a slim chance that we will make a new low, however we will...
Our technical perspective for AUDUSD points out that another red week is approaching for the Australian Dollar, as we expect the consolidation that started in the past couple of weeks to continue. At the moment, because we are forming a complex pattern, we expect the price to move in zig-zags until the structure is completed.
Take notice that on Tuesday the...
In the previous week, Natural Gas broke the trendline and at the moment it’s consolidating above it, with the bulls not giving up that easy. This will get a bit messy if we don’t gather some momentum for a price increase, as it may unfold into a complex corrective pattern. The market opened with a gap up and the chances that we can go and test the 3$ level are...
The US Dollar increased its gains with the U.S. economy growing stronger at the end of the year, expanding by 4% in the 4th quarter. While in line with the projection, the pace of the recovery slowed noticeably from the 3rd quarter.
Having said that, the USDJPY moved as we pointed out in our previous analysis, nearly reaching the 105 phycological level. We now...
As we anticipated in our last analysis, the Sterling rose the whole week against the US Dollar reaching new highs. However, we expect a bearish trend to start soon as the Daily timeframe suggests that we need one more leg down in order to finish a bigger consolidation. Our goal for this week is focused on selling the Pound, but take notice that we might break the...
