We are nearing an important event tomorrow where we will come to know about Fed funds rates and FOMC guidance for upcoming months. These events are known for creating extreme volatility. We can easily swing up and down 100- 150 points on days like these and set in motion what's to come for the next few months. No matter how big of a volatile move we will see...
After offering a great buy opportunity earlier this month the USDCAD pair is consolidating on the 60m timeframe. Similarly, the RSI Exhaustion at the bottom is consolidating. Both these consolidations mean that the pressure is increasing and ultimately the pair will break either to the upside (trend continuation) or to the downside (trend reversal). Remember to...
After offering multiple sell opportunities, the BTCUSD pair is now consolidating on the 60m timeframe. Similarly, the RSI Exhaustion at the bottom is consolidating as well. Both these consolidations mean that the pressure is increasing and ultimately the pair will break either to the upside (trend reversal) or to the downside (trend continuation). Remember to...
The CADJPY pair might offer soon an interesting sell opportunity assuming a trend continuation scenario. After a recent uptrend, the pair is currently moving between a major resistance (downward pressure) and a major support (upward pressure) with the latest move being a significant downtrend. A SELL opportunity might form if: The Breakout Pivotal Bars turn...
A breakout opportunity is forming on LTCUSDT. The pair is currently consolidating after the recent downtrend that formed several tops and offered multiple selling opportunities. Price movements are increasingly compressed and will eventually break. The same compression is building in the RSI Exhaustion indicator at the bottom. As of now, the breakout could be...
The USDJPY pair is offering a short opportunity after having formed a double top followed by the current retracement. The target is the current major support, around 134.00. Remember to always look for confirmation from the indicators!
After almost two years of market exuberance due to central banks' unconventional actions, the SPX has recently entered a major downtrend which has just started. The index has just formed a top under a major resistance and its next target is the major support level around 3200. The RSI Exhaustion confirms the same analysis, in fact, there's no evidence of...
The S&P 500 Index looks extremely overextended and a downward movement is likely going forward. Currently, the SPX is in a very similar configuration to the pre-pandemic (late 2019 going into early 2020). Back then the price continued to move higher forming multiple tops while the RSI Exhaustion continued to decrease and stayed mostly bullish exhausted (colored...
The EURUSD is currently in a downward channel and two alternative scenarios are possible: The downward channel should signal a further move to the upside. This view is supported by the fact that the pair broke up a similar consolidation in late-May/early-June and the price has increased until early September when it started consolidating. The RSI Exhaustion ...
A breakout opportunity is forming on the WTICOUSD. The pair has seen a rather significant upmove earlier this year from around 40 to about 65. Since the spring it has been consolidating between mid 60s and the low 50s. The price is now squeezing and the indicators we use, all confirm that a new opportunity is forming. Remember to be patient and always check...
A breakout opportunity is forming on the BTCUSD. The pair has seen a big upmove since earlier this year. More recently it has been consolidating between the high 13000s and the low 9000s. Currently, the price is squeezing and the indicators we use, all confirm that a new great opportunity is coming. Remember to be patient and always check confirmation from the indicators!
A breakout opportunity is forming on the EURUSD. The pair is in a downtrend since many weeks and has offered plenty of trading opportunities. More recently it has been consolidating between the high 1.14 and the low 1.12. Currently, the price is squeezing and the indicators we use, all confirm that a new great opportunity is coming. Remember to be patient and...
I usually post 1h charts but I think this weekly chart is very helpful to every FX trader . EURUSD is in consolidation since last May in the 1.155–1.18 area. This situation is the prelude of a breakout and a big impulsive move coming in the second part of 2018 and possibly 2019. The indicators are currently looking good but we need to wait and see the breakout,...
The BTCUSD is due to a major move soon. The pair has been consolidating to the downside for several months now and it has been significantly squeezing until now. During the last few months, the pair formed Lower Highs and Higher Lows, hence forming a nice pattern that is about to be broken. The Sentiment Index is squeezing which is a great indication that...
A breakout opportunity is forming on the AUDUSD. The pair is in a downtrend from a few weeks and has already given three very great sell opportunities. The setup was identical for all the three: • breakdown of price • breakdown of Sentiment Index • opportunities below resistance Right now the breakout could be either to the upside or to the downside so let's just...
A breakout occurred a few hours ago on BTCUSD. Remember to always follow your strategy!
A long opportunity is emerging on EURUSD 60min. • Price is consolidating • A resistance turned into support at 1.1696 • Bullish sentiment is fading. We need a breakout of the trendline Always wait for confirmation from your indicators.
A breakout occurred on the GBPUSD a few hours ago. A retest might be a good place to enter. Remember to always follow your strategy!