View On GBP/CAD (9 MAR 2021)
We are seeing 1.745 as a swing support, and it may bounce back up if the above mentioned level hold.
If it does, 1.7618 will be the next resistant. 1.775 will be the strong resistant.
DYODD, all the best and read the disclaimer too.
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Hello FP Cheaters,
Current 15M chart shows a bullish momentum. However, 1H and 4H show a re-entry. Some evidence marked in the yellow boxes may be indicating institutions pushing the price up above key SR to open short. Increase in volume can be observed. USD news regarding Core Durable Goods Orders m/m will be out soon, could this be a Bull Trap for another Bear...
First Thing First: This analysis is for “general overview only” as it is solely based on price action. That’s why it is called momentum analysis in the first place. Support/Resistant, Volume Macro view nor any other factors are not used during write up. Refer to the individual pair analysis for a more comprehensive write up.
XXX/USD: Very Bullish
Gold & Silver: ...
BitCoin
It has touched the $7,217 as we expected.
I DO NOT THINK it will go straight UP.
It shall bounce around between 7210 to 6834 level first. DO NOT BE overly Bullish yet.
DYODD and Trade Safe
s0nic
Disclaimer:
The information contained in this presentation is solely for educational purposes and does not constitute investment advice. We may or We...
Dow Jones is hiting pretty strong support level 23408 to 23840. I am seeing this level may not hold as the markets where are the weak longs are hiding.
It can swing down to 23200 level.
Overall it is getting BEARish.
DYODD and Trade Safe
s0nic
Disclaimer:
The information contained in this presentation is solely for educational purposes and does not...
This is about to RUN UP high.
At least, it can swing up to 0.126 level.
It is rather to stay on LONG side.
DYODD and Trade Safe
s0nic
Disclaimer:
The information contained in this presentation is solely for educational purposes and does not constitute investment advice. We may or We may not take the trade.
The risk of trading in securities markets can...
This pair has too much hard supports, supporting the price up near 1.1523 regions. It will swing up for a time being. Do not add short at this moment.
I see it can go to 1.163x or even 1.169x area.
I expect 1.163- 1.169x will be "momentum flip" area. So, you shall Long toward these regions if you want.
Let's see.
Trade Safe
s0nic
Disclaimer:
The...
XXX/USD: Bearish (Both pairs are in the same direction)
Gold & Silver: Bearish
XXX/JPY: Mixed (The selldown seem slowed)
USD/XXX: Bullish (US is making a comeback)
Indexes: Bullish (HK and DJ indexes are in the same direction)
BitCoin: Bullish (Bears has slowed down)
I can’t help but see the nice potential short set up forming in EJ pairs.
To validate the trade further, the price needs to break 132 level strong down.
In term of fundamental, Euro isn’t that strong either.
In order to play this set up out, there should be geopolitical event that bring buying frenzy on JPY.
First tgt is 128.5x and the next will be 124.1.
Trade...
BitCoin is in the full blown pull back mode.
It is time to trim some fat. It can swing back to 3375 region.
It is for sure, it is still BULL in bigger trend.
Trade Safe,
s0nic
Disclaimer :
This analysis not include personal feeling/opinion, and pure base on technical analysis
Trading foreign currencies can be a challenging and potentially profitable...
Week 32 (6 Aug 2017)
XXX/USD: Slight Bearish (GBP is weaker)
Gold & Silver: Bearish (Turning Bear now)
XXX/JPY: Slightly Bearish
USD/XXX: Bullish (Turning Bull now)
Indexes: Bullish
Disclaimer :
This analysis not include personal feeling/opinion, and pure base on technical analysis
Trading foreign currencies can be a challenging and potentially...
We had a nice lower high and lower low as it drops.
But there are signs of bottoming.
It is kinda early to say but i am "cautiously on BULL side" for now.
1.075 is possible IMO.
Trade Safe,
s0nic
Now everyone is Bearish.. this is where we need to watch out..
It is true that Log term is BEAR but waiting and shorting near 1.25 seem to have best odds..
Trade Safe
s0nic
