Brienen-Analytics

Brienen-Analytics

Bitcoin is finally offered some bullish breathing room after being suppressed at the bottom of the range at the $30k region for an extended period. We formed a double bottom at the .786 fib at $29,250 and then rallying above the .618 fib at $36,877 making a local high at $40,900. We are still in the accumulation zone until we have breached...

Brienen-Analytics

USDJPY broke out of a long term weekly wedge trapping buyers with a 236 pip move to the upside. This was fully reversed and then returned to the wedge completing all the way to 105.4, closing the lower side wedge on Friday close. This is a perfect long opportunity from current levels (although 104.5 is possible to reach first). DXY has taken a huge beating last...

Brienen-Analytics

EURAUD made a ludicrous 1000 pip run from the 1.61 level and handly pulled back. Price finally gave sellers a hand in the markets at the 1.71xx handle and is now making a double top offering a second chance to enter. There is an abundance of unsettled bank liquidity below that needs to get clapped. Targets: 1.676, 1.658, 1.645, 1.63178

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GBPUSD fooled everyone into a bulltrap Jan 20th after making the move traders had been waiting for as the large wedge emerged . Price aggressively sold off from the 1.32 zone, double topped and didn't look back. We're now coming back to test the 1.305/.1307 zone & a short position would be appropriate. If the current zone doesn't hold, we're coming to check the...

Brienen-Analytics

EURUSD sold heavily from Jan 20th from the 1.128 handle and then even more heavily Feb 20th creating a bottom just bellow weekly lows at 1.078. There was liquidity that banks needed to grab at 1.1/1.12 and as we saw on Fridays a close a cheeky stab at the 1.135 zone (just below the 1.14 weekly zone marked in yellow). This is atypical behavior for this pair...

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I have essentially been a "permabull" on GBPAUD since Jan of this year on this pair, even after the full bearish reversal of the late January bullrun at the beginning of Feb (Sell off from the 1.97 zone). Now I'm looking for the sell. Banks & Institutions trade both long and short at the same time to maximize profits and well as pain on retail traders. The 1.97...

Brienen-Analytics

USDJPY tested the weekly trend-line and rejected well. On daily and 240M charts we see rejection of the key 110.1/109.9 POI zone with what appears to be a double top. If this large structure is valid, we have targets of 108.3, 107.2 & 105.9. 105.9 comes quite close with anticipated intersection with bottom of weekly trend-line - not off the table, but a long hold.

Brienen-Analytics Updated 

Price on GBPAUD has been bullish since June of 2019, and has been on a healthy run to the upside since Jan 2020. Price peaked at 1.975xx and then dropped sharply to 1.926xx before dropping to 1.917xx just above major support. I believe that the current consolidation that has been accumulating since Feb 7 will produce another leg to the upside, at least to clap the...

Brienen-Analytics Updated 

GBPAUD started to show signs of bearish reversal around the 1.89 handle with a head and shoulders pattern forming. The pattern was broken. Priced rushed to 1.92 and then dumped perfectly back to the support zone at 1.91 with the help of some very positive Aussie news. London did not push the sell off, and NY provided the bullish relief this morning. Price is...

Brienen-Analytics Updated 

GBP has been showing great strength across the board and GBPUSD is no exception. Price cracked the 1.31 handle hard, pulling up to 1.315 before pulling back. We're now consolidating on previous broken resistance at 1.31 Buyers appear to want 1.32 or more before considering a bearish reversal. A very structured W pattern shows more potential to the upside,...

Brienen-Analytics

USDCHF has been selling off since Nov 2019. Price is pulling back and making lower highs, and lower lows. Watch for a break of the trend-line to sell for a 50-65 pips. Trade the trend until the trend is dry.

Brienen-Analytics

AUDUSD has formed a massive head and shoulders pattern on the 240M and 60M timeframes. There was a large spike that appeared to invalidate the pattern and trend, however the positive aussie news was reversed during NY sessions this morning. Downtrend appears to be in tact. Watch for a break of the major support for sells. Aussie bias is bearish.