CAD-JPY is moving in a bearish direction. It appears that there is a formation of Falling Wedge Reversal Pattern as well as presence of the Divergence. In this case, this Forex instrument can take a possible reversal from its current price position. Therefore, a long trade setup is suggested in this chart in case of breakout from the ENTRY POINT mentioned in the...
The previous week witnessed a risk-averse market atmosphere that helped the US Dollar find demand at the 1,970 area as a safe haven ahead of the FOMC. Economic data from the previous week reveals that though inflation is falling, it still remains well above the Federal Reserve's annual goal of 2% hereby increasing the expectations of another 25 basis-point...
The previous month witnessed a 4% drop in oil prices despite the OPEC+ member's decision to cut a further 1.7 million barrels from its daily output, adding to an earlier pledge from November to take off 2.0 million barrels per day. The implementation of this pledged cut is supposed to begin next month - May 2023 and this could result in some interesting market...
GBP-JPY is moving in a bearish direction. It appears that there is a formation of Falling Wedge Reversal Pattern as well as presence of the Divergence. In this case, this Forex instrument can take a possible reversal from its current price position. Therefore, a long trade setup is suggested in this chart in case of breakout from the Lower High mentioned in the...
CADJPY was in Bearish run. It seems that It will go Bullish if the trend breaks at 99.835. Analysis A Divergence can be seen on RSI indicator. Also a double bottom reversal pattern indicates a possible reversal. To make sure, trend needs to break the previous LH and then it will rally towards estimated TPs. Entry can be taken on below mentioned...
This is just for St James's Place, but you'll find inverse head and shoulder patterns in a lot of stocks on the FTSE 100. For me, that means a reversal on the pullback, and this week for example, STJ is confirming the reversal with a break about the neckline and 200 EMA acting as support.
Potential Bullish Entry Dow Theory In Place - Higher High and Higher Low Expected in Place Formation of Harmonic Bullish reversal Pattern AND DOUBLE BOTTOM coupled with bullish divergence at potential reversal zone (PZR) Entry at the new HH SL & TP Levels are defined.
CADJPY going bearish. Took the trade at 101.806. Trend was initially bullish but there is a bearish divergence and trend made its first LL. A rising wedge can also be seen as a reversal pattern. Entry (Sell Stop) : 101.219 Stop Loss : 101.806
Gold prices continue to trade below the 2,000 level for the second week straight hereby maintaining its choppy situation on the charts which has been attributed to the uncertainty over the path of interest rates decision by May 3rd; It is expected that events in the coming week should make things much clearer. Economists project that the Federal Reserve will agree...
British consumers remain affected by an elevated inflation rate, which stayed in double digits in March. Comments from a couple of Fed policymakers pointed to the US central bank raising interest rates by 25 basis points in early May, judging that inflation is still at problematic levels and monetary policy needs to be tightened. The market's immediate reaction to...
NVAX is fundamentally weak with a shallow pipeline and no products currenly marketed to fund earnings and so research. On the 15 minute chart , NVAX is seen near to its demand zone as shown by the Luxalgo indicator. In the meanwhile, the RSI indicator shows considerable recent strength which is decreased today. So the question is whether NVAX can dead...
GE has been trending recently off a base of consolidation after a downtrend. In the last session, the reversal began. The 15 minute charts shows price riding the upper bands of the anchored VWAP in the overvalued and overbought zone. The support resistance indicator of Luxalgo shows that price bounced down from the resistance zone. The stochastic RSI...
USOIL was moving in a Bearish Direction however there is a possibility of the reversal of the trend. This can be evident with the formation of Falling Wedge Reversal Pattern as well as presence of the Bullish Divergence in the chart at one hour time frame. Therefore, to grab a trading opportunity, Long Trade setup is presented in this analysis with the projected...
Though within a range, the US dollar was able to incite bullish traction last week as the 131.000 level remains a zone for buying power and a strength for the Dollar is likely following the Federal Reserve Governor Christopher Waller's comment on more monetary tightening despite evidence of a steady drop in inflation figures. Higher interest rates tend to benefit...
Following a profitable week for us, the US Oil prices rose for a fourth consecutive week, riding on global energy agency IEA’s upgraded demand prospects for 2023 to break out of the $82.00 level for the first time in 5 months, but a resurgent of the US dollar on Friday following Fed Governor Waller’s remarks favoring more rate hikes; shook up some of the gains as...
Economists see a roughly two in three chance that the BoE will raise its interest rate next month to 4.5% from 4.25%, which would be its 12th consecutive rate rise since December 2021. With a week laced week series of high-impact macroeconomic events, the consumer price index will be the centre of focus as expect data on Wednesday to show a fall in consumer price...
This trading idea is designed to capture the reversal trend using Harmonic Pattern Technique. WTI (CRUDE/ USOIL) is moving in a bearish direction and is expected to take reversal from Potential Reversal Zone (PRZ) shown in the chart. Bullish AB= CD Harmonic Pattern is used to identify PRZ at point D. Long Trade Setup is presented in case of reversal of the trend from PRZ.
HELLO EVERYONE HOPE EVERYONE IS DOING GOOD HAVING A GREAT WEEKEND. HERE'S A LOOK AT POSSIBLE SCENARIOS THAT COULD PLAY OUT ON THE EURO DOLLAR IN THE COMING WEEK. EUR/USD CLOSED LAST WEEK WITH SOME STRONG MOMENTUM TOWARDS THE DOWNSIDE SIGNALLING SOME MOMENTUM SHIFT TOWARDS THE DOWNSIDE. * We have swept previous week high and TAPPED INTO THAT TINY FVG. * Took buy...