Welcome back! Please support this idea with a LIKE if you find it useful. *** EUR/CAD - Price could potentially break weekly support, or retest previous resistance for a continuation to the downside. We will keep our eyes on the highlighted zones and weekly support, and align our entry criteria rules for a nice short or long opportunity. Be sure to follow your...
Bitcoin was fell back into the demand zone below the 50% pullback level and was able to rebound off again. However, the buying stopped despite a breakout of a falling trendline and it fell back into the same demand zone over the weekend. As of current, we are still seeing persistent support and a rebound from the same trendline that was broken last week. We...
Oil prices continued to climb last week and managed to close near the high despite a consolidation which did cause a breakout of a rising structure. It was climbing within a rising channel but was broken eventually after facing multiple rejections at 74. However, a bearish trend was not even able to form and the price quickly rebounded off from the bottom of the...
Nasdaq, along with other US indices, made a strong bullish run and broke a new high again. It was trading near the top of a 3-month rising wedge and it did get rejected at first but quickly regained losses and continued to climb higher and even breaking out of the rising wedge. As such, we can continue to eye for more upside towards the top of a potential rising...
Gold ranged throughout the week with every attempt to rebound getting wiped out over and over. However, gold was able to stay supported and garner some bulls before the market close for the week. We could expect the bulls to fight back again this week since the gold was able to survive multiple rejections after an extremely bearish week, and not forgetting it is...
EURUSD made a decent rebound at the beginning of the week but lost momentum throughout the week. It is notable that every attempt to climb higher was rejected but at the same time, the bears were not strong enough. In fact, both the highs and lows are getting higher day by day, and every daily candle closed with a bullish body. Therefore, we shall stick to our...
Bitcoin continued to range for one full month since it tumbled to a 50% loss. Last week, Bitcoin lost steam quickly after it faced resistance at 41500 and the selling continued through the weekend. As the FOMC is just over and signals for tightening, Bitcoin may continue to lose its ground, ending the current consolidation and head for an even bigger pullback in...
WTI continued to stay bullish as demand for oil continues to get stronger amid the reopening of major economies. However, it is noted that the price will face strong resistance as it's about to reach a 6-year high and the major equilibrium at 76. This week, we will still look for buying opportunities as the market pulls back at least back to 71, and if the pulls...
Nasdaq managed to break a new high last week as it reached the top of a rising wedge. While Nasdaq was able to remain somewhat bullish, both Dowjones and S&P500 ended the week in a loss, especially the Dowjones which shed off 3.7%, the biggest weekly loss in 8 months. It is fundamentally reasonable for the stock market to come off the top as the Fed signals for...
Gold fell through multiple support last week and marked the biggest weekly loss in 15 months. Almost every forms of support, from a 3-month rising channel to the equilibrium level at 1860 to all the moving averages, have been broken. As of writing, the gold seems to have found a bit of support as it's ultimately way oversold in the short-term, and thus an...
The dollar climbed the most in 15 months and the EURUSD tumbled amid a hawkish Fed that signals to tighten monetary policy. EURUSD fell from a range top and has broken the bottom of a 3-month rising channel together with the 262 ma. The short-term sentiment for EURUSD has turned bearish but is also extremely oversold and a strong pullback is inevitable. This...
GBPUSD have been bullish since 03/23/2020. Now it just touched a critical resistance @1.4230 It did come back and test this resistance, bounce back and break the trendline which is a good sign for a bearish move. Fundamental Analysis: US FED announced 4 days ago about funds rate and their expectation for the next coming years. " The Fed left the target range for...
www.tradingview.com PRICE : 188 TO 195 STOP LOSE : 173.9 TARGET : 221, 237, 258
Bitcoin continues to find buyers whenever it retests the 50% pullback low. With every rebound, the price, however, created yet another lower high, forming a downward pressure within the consolidation. The crypto market has been extremely vulnerable to any news from major governments to tweets from Elon Musk. We continue to see Bitcoin under negative pressure...
WTI continued to edge higher as inflation continued to stay persistently high. At the same time, the price is breaking away from a rising channel and closed higher on the last trading day as well. This week, we will continue to look for buying opportunities by waiting for a pullback towards 70, bottom of a minor rising channel, followed by the demand zone around...
Nasdaq is potentially going to break a new high this week! Currently, we are seeing a clear bullish wave forming and continuing towards the top of a rising wedge. In my instances, the price is able to break out of the pattern and peak higher before ending the trend and into another pullback. This week, we will buy the pullback, if any, at the beginning of the...
The bulls for gold are not able to make any progress and if any, they've failed to maintain bullish momentum. Since the consolidation started at the beginning of June, gains have been swallowed constantly and highs are getting lower. The breakout of the rising channel failed to continue and the price eventually fell all the way back to the bottom of the channel...
EURUSD continued to face resistance at the neckline level of 1.2185 and the price eventually fell. The short-term trend is pointing towards bearish as selling pressure continues to build up from near-high of the entire market range between 1.2340 - 1.1700 amid early tapering sentiment from the Fed due to persistently high inflation. This week, we will continue...