Here are the updates & outlook for multiple instruments in my watch list. 1️⃣ #EURUSD daily time frame 🇪🇺🇺🇸 EURUSD is trading in a bearish trend on a daily. The price is falling steadily within a falling wedge pattern. With a recent correctional movement, the price reached the resistance of the range. A trend-following movement may initiate...
Like US30 Index, NZDUSD looks very bullish on a daily. The price formed a double bottom pattern and broke its neckline on Friday. The next strong resistance is 0.606. We can expect a bullish continuation to that area. ❤️Please, support my work with like, thank you!❤️
Today's fundamentals are very bullish for NZDUSD. The price is currently forming a high momentum bullish candle on a daily, violating a key horizontal resistance. It opens a potential for a further bullish continuation next week. Goal - 0.6058 ❤️Please, support my work with like, thank you!❤️
Hi Everyone, BITSTAMP:BTCUSD our last analysis on bitcoin turned out to be in our favour price has been dropping ever since, in our view price can now make small corrections towards 69k to 70k and from there price can drop significantely towards major bearish impulse that will fill the liquidity gap in daily timeframe that price has left behind. Please note...
Bulls look strong again on USDJPY. After a presumable intervention, the market dropped by 500 pips on Monday. The price formed a bullish triangle on a 4H time frame then. At the moment, I see a confirmed violation of its neckline The pair may keep growing at least to 158.35 now. ❤️Please, support my work with like, thank you!❤️
The ascending triangle is a bullish formation that usually forms during an uptrend as a continuation pattern! For target measure the distance from the start of the pattern, at the lowest point of the rising trendline to the flat support line. That same distance can be transposed later on, starting from the breakout point and ending at the potential take profit level!
USDCHF is trading in a long-term bullish trend on a daily. The price is currently testing a key horizontal resistance. I am waiting for its breakout - a daily candle close above, to buy. Bullish violation of the underlined blue are will give us a strong bullish confirmation that will push the prices at least to 0.92 level. ❤️Please, support my work with...
EURJPY turned very bullish after a release of US PMI data today. We see a new higher high higher close on a daily with a breakout attempt of a key horizontal resistance. Daily candle close above will confirm the violation. A bullish continuation will be expected 166.5 then. ❤️Please, support my work with like, thank you!❤️
AUDCHF broke and closed above a key daily horizontal resistance. The broken structure turned into support now. The market may keep growing. Next resistance - 0.5909 ❤️Please, support my work with like, thank you!❤️
NZDJPY formed a huge bullish flag pattern on a 4H time frame. Its resistance was successfully broken yesterday and we see a positive, bullish reaction after a retest. The market may keep growing. Goals: 91.9 / 92.2 ❤️Please, support my work with like, thank you!❤️
AUDUSD broke and closed below a wide, significant horizontal demand cluster on a daily time frame. The broken structure turned into a supply zone now. The next historical support is around 0.636 level. It is most likely the next goal for the sellers now. ❤️Please, support my work with like, thank you!❤️
CHFJPY formed an ascending triangle formation last week. Yesterday, the price bounced and formed a high momentum bullish candle. It managed to break and close above the neckline of the pattern. The pair may continue growing. Next goal for buyers will be a falling trend line. ❤️Please, support my work with like, thank you!❤️
152.0 key horizontal resistance kept absorbing bullish pressure for almost 2 years. This week, with the release of CPI data, that structure was broken and the market set a new very important higher high. The next historical structure that we can find is based on the price action in 1990th. 159.0 - 160.0 resistance cluster is the next, closest key...
USDCHF broke and closed above a key daily structure resistance. We see a positive bullish reaction after a retest of a broken structure. Because the market is trading in a long-term bullish trend, probabilities will be high that growth will continue. Next resistance - 0.92 ❤️Please, support my work with like, thank you!❤️
GBPAUD broke and closed below a wide daily demand area last week. We see a retest of a broken structure after a release of the yesterday's fundamentals. I believe that the fall may continue from the underlined red area. Goal - 1.913 ❤️Please, support my work with like, thank you!❤️
As we discussed on a live stream, Dollar Index perfectly respected a demand zone based on a recently broken horizontal structure and a trend line. The price just set a new high, confirming the strength of the buyers. I believe that the next goal for the buyers will be 105.88 - the next historic structure. ❤️Please, support my work with like, thank you!❤️
CADJPY formed a huge inverted head and shoulders pattern after a test of a key horizontal daily structure support. Because the pair is trading in a long-term bullish trend, chances will be high to see a bullish movement to higher structure levels. Goal for buyers: 112.14 ❤️Please, support my work with like, thank you!❤️
I see a confirmed daily structure violation on GBPJPY, after quite a long accumulation within a horizontal range. We can expect more growth now. Next resistance - 193.37 ❤️Please, support my work with like, thank you!❤️