With a simple trading set-up identified in the 1-hour timeframe, I am going to recommend selling the Aussie this week. In this regard, a key level at the 90.000 area and the bearish trendline identified on the 1-H timeframe shall be our guide going into the new week as we continue to look for a reversal set-up to join the potential decline. shall be Risk...
NZDUSD is down by more than 9% since the beginning of April 2022. With the pair looking increasingly oversold as the appearance of a reversal pattern on the 2H timeframe could probably be signalling the incitation of a retracement wave into the major bearish trendline identified on the daily time frame or we might be having a downtrend continuation right below the...
Going into the new week, market experts warn of EURUSD dropping under parity if Russia shuts off the gas to Europe. However, from a technical perspective, there appear to be two scenarios we should be looking out for when the market opens. The first is a countertrend opportunity if we witness a breakout/retest of a reversal pattern identified on the lower time...
Going into the new week; we might be expecting the confirmation of a reversal structure to tend towards a bullish momentum but the multiple rejections of 1.49 during the course of last week's trading session could be giving us a clue into the strength of the sellers at this juncture in the market without ignoring the potential of the Aussie against the Euro since...
With a bearish trendline holding since the beginning of the day, we want to be ready to take a potential sharp decline. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and...
A visual representation of a line drawn over pivot highs reveals the prevailing direction of price action in the last 3 to 4 months; we want to be looking for opportunities to join the potential decline when it finally happens. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is...
USDJPY traded up and down as participants anticipate Fed speak during the course of last week's trading session after which we witnessed a spike down into the buy opportunity area around 128.5 that we identified at the beginning of last week's trading session ( see link below for reference purposes - Following the test 128.5 was the appearance of a reversal...
With the significant growth of 10% since February 2022; the Swiss franc can be said to be the dominant currency during the first quarter of 2022. We have two scenarios to work with as the possibility that a trend continuation to the upside is feasible and at the same time there is a possibility that a breakdown of the key level at the 132 area could be a...
This is a follow-up detail on the USDJPY that was published 2 days ago (see link below for reference purposes) where we were expecting the price to retrace to a minimum of 129.1 but It appears the price is finding it difficult to break the support level at 129.500 which shall become our new demand zone if this level continues to hold price action. In this regard,...
Euro appears to be grinding as we continue to witness the oscillation of price action right above the identified key level at the 137 area. In this regard, I have identified a demand zone below the key level as a yardstick for a bullish momentum going forward. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs,...
Considering the long-term bullish trendline identified in the weekly timeframe; I am still expecting a bullish momentum for the yellow metal. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is...
The reversal structure identified on the 1H time frame is probably going to incite a retracement of the Impulse leg after which a trend continuation might begin. NB: It is pertinent that we remain conscious as a breakout of 1.495 could encourage a bullish momentum Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs,...
A follow-up detail on the USDJPY that was published sometime last week (see link below for reference purposes) where we locked in about 300pisp from our second entry. Despite a considerable pullback from two-decade highs (which kicked us out of our first entry)during last trading week's trading session hereby edging lower some 0.52%, amid broad US dollar...
Considering the long-term bullish momentum on the USDJPY where we continue to see the Greenback grow immensely against the Yen in the last 4 months; I am looking forward to a buying opportunity above the key level identified at the 128 area. However, should a breakdown/retest of the bullish trendline on the 4H timeframe... we might be looking forward to a...
In this video, I have explained why I still hold the opinion that bullish momentum is evolving for Bitcoin... With a demand zone coupled with a key level identified at 39,500/40,000 area; I am looking to buy the Bitcoin above this zone in the coming week. Let's see how the price reacts in the coming week and I shall keep you updated in the comment section on my...
A breakout of the key level of the JPY137 area on the 19th of April 2022 appears to be a bullish signal. In this regard a bullish momentum shall be anticipated as we go into the new week should we witness a significant retest of key level. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high...
We were able to close our last position on this pair with approximately 210pips (see link below for reference purposes) and now we are likely at a juncture in the market where another opportunity to buy appears to be evolving. The identification of a consolidation phase sitting on a strong bullish trendline on the 1H timeframe is probably a signal of a bullish...
As speculated in my previous speculation on this pair (see link below for reference purposes), in the last 24 hours, price action has began to express bullish opportunity as we witness a a quick rejection of the bullish trendline identified on the daily timeframe. For those who missed the buy opportunity that happened yesterday, It is pertinent that we take a pill...