Finally, the much talked-about Japan Olympic has comes to an end.
Where will the JPY goes after the Olympic?
Taking into serious consideration of its wide-spread of the pandemic? and…..
The going-to-be No.2 after his counterpart from the Southern Continent?
Technically,
1. NZDJPY’s prevailing Uptrend is still intact.
2. NZDJPY has retraced from its YTD High of...
The AUD has again shown another bearish price pattern, a Bear Flag.
So?
Since I already have a Short position running, now I personally will look for a Pullback to the FL0.7400 areas to scale-in another entry.
IMO, currently, the correlation of USD shouldn’t have much a concern in this major. The fundamentals of AUD should be the one that counts. I’ve been very...
Gold has come to a High-Interest stage where it could offer a great opportunity for the bulls to commence running a strong rally.
Technically, an Inverted H&S price pattern is in the making of. When prove to be correct, it would be a strong one:
1. 10-months has lapsed since its commencement of formation.
2. Price had rejected its down-side movement for its...
GBPCHF has eventually, with strong bearish momentum breaks down from its months-long bearish Rectangular Formation.
Yesterday’s Hammer, developed right above the dynamic S&R level of 1.2500 is one that generally summons close attention. However, I’m more of the opinion that it is weak, too weak to give a meaningful bullish reversal and it could even become a...
After created a huge Double Top at late 03/2020, USDCAD had since then been very obedient to this price pattern, went for a deep fall and eventually claimed its Low at 1.2000 area 15 months later.
Rebounded, and has now reached a High-Interest Area, of which in my opinion, with strong resistance it is the Supply Zone. Technically, the Critical Level to watch is...
In view of the weird market response towards last week’s NFP, I’m of the opinion that Gold has nonetheless reviews a truer picture. Fundamentally, countries are throwing bonds and buying Gold. No?
In the Weekly, an Inverted H&S price pattern is in the making.
In the Daily, a Descending Broadening Wedge, with a Higher Low making it a Double Bottom right at the...
My TA:
A near-to-perfect Inverted H&S price pattern, potential and in the making of.
Tweezer Bottom making the Right-Shoulder, followed by bullish candle that closed above the Long-Termed Support from 05/2019.
Just my humble opinion.
Note:
The Book Stuff said “To wait for a Breakout and Retest”! Your call.
The Book Stuff said “To wait for a Breakout and Retest”!
Accordingly, a safer entry will be a confirmed break up with bullish signal best at the 0.6500 (Big, Round Number) area.
IMO, just take note that the FL0.6550 is quite a strong resistance area. After that, the Kiwis should have not much problem at the FL0.6650 area and a clearance will send the pair to the...
A Rising Wedge within a potential Ascending Channel.
And the same old game of waiting for a Breakout and a Retest?
Current PA is:
1. At an Critical Level of $75.00 (Big, Round Number);
2. At the Apex of the Rising Wedge, and
3. Been capped by the Resistance of the potential Ascending Channel.
The coming Candlestick Pattern next week will helps to decide the...
EURNZD has on the 3rd attempt, breaks out on the 15/06 with strong bullish momentum from the Ascending Triangle. Pulled back and retested as usual and cleared the path of the Confluence of Resistance areas where now has turned into a strong Support Zone.
Possibly another retracement back to the 1.7000 area but quite unlikely as yesterday’s correction was...
The Aussie has finally broken the Neckline of an H&S price pattern.
However, reading from a straight 300 pips fall since 11/06, a corrective adjustment back to the FL0.7600 area is very likely where this level is also the 50% retracement of the Weekly Candle.
IMO, entertaining a small frontrunner Short with bearish signal at the Pullback to the 0.7600 is not a...
GBPUSD is offering a good Shorting opportunity in the H4.
Price falls after been rejected with a Shooting Star by the Wedge resistance at the 1.4240 area. Rebounded from the 50EMA though with some bullish candles but, in my opinion, all of them are, at least till now, more of a corrective move.
I’m bearish bias here and will be watching how PA reacts...
AUDUSD has in the H4 making of a POTENTIAL H&S within an Ascending Channel.
Last candle retraced from the support of the Basic Line after a quite aggressive down-sided move. It’s just normal about that, after all take note that it was the 6th H4 of a Friday.
However, if price continue to adjusting upside, then PA in the 0.7750 area should be taking into...
AUDUSD seems to have its bad day coming.
Fundamentally, I don't favor the idea of an Aussie's economy recovery in the near future, especially after China had turned the table.
In addition, USD Index is at its bottom, I'm of the opinion that USD is finding its way up.
And hence, I'm bearish bias about the Australian Dollar.
Just my humble opinion. Any comments...
IMO:
EURCHF has completed its 3rd touches at the Bull Flag lower line and Daily Close above it with a Bullish KRB.
IMO, A safer entry would be above the 1.1000 area with bullish signal.
