Dollar Index is trading in a minor bearish trend on a daily. The market is steadily falling within a falling parallel channel. The market is currently approaching a very important confluence point based on a resistance of the channel and a broken horizontal resistance. I believe that chances will be high to see a bearish move from the underlined zone to 101.0...
Price action analysis on EURUSD. Key levels. Potential scenarios. Trading recommendations. ❤️Please, support this video with like and comment!❤️
Nasdaq Index is stuck between 2 solid structures. Depending on the reaction to the underlined areas, I see 2 potential scenarios. 1 - Bullish If the price breaks and closes above 12700 - 12900 supply cluster on a daily, I will expect a bullish movement at least to 13130 2 - Bearish If the price drops and closes below 12300 - 12500 demand area on a daily, I...
GBPNZD formed a huge ascending triangle formation on a daily time frame. Its neckline was broken yesterday. Probabilities are high that the price will grow now. Goal - 1.998 ❤️Please, support my work with like, thank you!❤️
CHFJPY is trading in a minor bullish trend on a daily. The price was accumulating for 3 weeks within an ascending triangle formation. Its resistance was broken on Friday, we see its retest now. I expect a bullish continuation to 148.3 ❤️Please, support my work with like, thank you!❤️
EURCAD was consolidating within a wide horizontal trading range on a daily for 3 months. Its resistance was finally broken. The price closed above that on Friday, forming a high momentum bullish candle. I believe that the pair will go much higher now. The next strong resistance - 1.489 Probabilities are high that it will be reached soon. ❤️Please, support...
CADJPY broke and closed below a support line of a bearish flag pattern. Taking into consideration, that the pair is trading in a bearish trend, that violation may trigger a sell off. I expect a bearish continuation to 97.05 / 96.1 ❤️Please, support my work with like, thank you!❤️
Price broke the 1.19250 area on Tuesday and is now back for a retest from below. Should the level prove to be resistance and show signs of weakness this could be another opportunity to hop onto the trend and ride the momentum. If New York fails to drive the movement today, tomorrow is filled with Fundamentals including NFP which could be the catalyst to close the...
Break and Retest Set Up? A rebound back to a recently broken level around the 0.61300 area. Sellers lurking in this zone and will try and defend the zone from buyers. If the level holds, we could once again see KIWI tumble lower by the end of the week.
CADCHF was coiling for more than a month within a wide horizontal trading range on a daily. Its support was finally broken yesterday. I believe that the pair will keep falling now. Next support - 0.679 ❤️Please, support my work with like, thank you!❤️
Bitcoin currently holding just above 21.500. Topping pattern looks like it may now be complete with a double top formation. Buyers may once again attempt to regain control at 21.500 which could result in a temporary bounce hence creating a trap for longs. Big events happening in the crypto space on Friday which could trigger a market collapse.
Price is once again creeping towards support for a 5th attempt by the sellers to push lower. Despite numerous attempts, the buyers have successfully defended the zone since December 2022. Are we going to see another bounce or have the sellers now gathered enough momentum to break out of consolidation.
Double-Top confirmed with a break of neckline during New York today. A close below the neckline coupled with a strong Dollar opens doors to more potential to the downside for the next few weeks. Further interest rate hikes are expected later this month at higher rates than previously expected and today's speech by Powell may have very well put a nail in the coffin...
AUDUSD just made a new lower low. Thats inviting. I'm setting myself up to take another sell on her. I discuss the details in the video. Today, I'm going live at 1:00 pm EST. If you can't make it be sure to catch the replay. I'll be chatting on how to analyze your currency pair for trading success. I hope to see you there. -Shaquan
Final Lower high set during London this morning setting off the long anticipated break to the downside we discussed recently. Are we going to revisit the September 2022 All Time Lows at 1.03595? Time will tell. All I know is we`re in a Bear market for now and my plan is to look for selling opportunities until the trend proves otherwise.
Back in May of 2002 price created an imbalance in price for Dollar Index (Monthly Chart). Price had only participated in sell-side delivery, leaving behind buy-side inefficiency. Since that time price has returned to that Monthly SIBI (Sell-side Imbalance, Buy-side Inefficiency. Fully closing the imbalance, making price completely balanced. From that strong...
EURCAD has nicely respected a recently broken horizontal structure resistance. Probabilities will be high, that the market will initiate a bullish wave from that. Goals: 1.4547 / 1.46 ❤️Please, support my work with like, thank you!❤️
Is Bitcoin about to do the unthinkable ? The highlighted zone marks the 21500 zone and will play an important role in determining whether we continue to trade higher or if this is the beginning of another painful leg lower for long term investors. Perhaps an opportunity to buy at lower prices?