Fawad-Razaqzada

Fawad-Razaqzada Updated 

WTI crude oil has been testing the key psychologically-important $50 handle and long-term support for a few days now after a sharp drop on macro concerns (coronavirus hurting demand). Clearly prices are oversold in the short-term, but a more profound recovery will not come as surprise. Bulls need to see a daily close above short-term resistance at $51. This would...

Fawad-Razaqzada

EUR/CHF: tests key long-term support around 1.07 fills gap seen on long-term charts creates bullish engulfing candle on daily Above signals suggest possible low could be in...

Fawad-Razaqzada

US bond yields have been in a downtrend for months and now they are breaking down once again after recent consolidation. This should be good news for low-yielding and noninterest-bearing assets such as gold and silver...

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Technically this looks bullish but could prove to be a bull trap in this market environment - indeed a potential break back below last week's low would be very bearish

Fawad-Razaqzada

bullish trend still intact for global indicies, but ftse lagging behind... pressure building for breakout

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Short term PA looks bearish to me, but LT not too sure.. CAD data has been stronger of late and BOC looks to hike rates further, while in the US Fed's 2 further rate hikes may be priced in? Overall I'm leaning towards bearish than bullish argument on this pair

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Breakdown looking increasingly likely

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rounded retest of broken level could be a nice long opp

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It still needs to break the structure of lower lows and lower highs before one can become confident that the rally will be sustained. The most recent swing high is at around $9200. A clean break above this level would thus be a bullish development. For now, bullish market participants need to remain very open minded and treat this bounce with a degree or two of...

Fawad-Razaqzada

$400.. possible signs of reversal but too early to tell... Watch this level closely

Fawad-Razaqzada

OLD resistance, new support? Don't like the way price approaching this area, otherwise would have been a no brainer long entry

Fawad-Razaqzada

Could bounce here at 61.8% FIbo and old resistance... let's see

Fawad-Razaqzada

The $12700 level is very important to watch as this was the previous low prior to the rally that ultimately ended near $20k. Price briefly breached this level earlier today before rebounding. Was that a false break reversal or a break in market structure? If Bitcoin now goes on to take out the next key resistance zone between $15000 and $15800 then it would...

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Bitcoin just dropped below the clean lows (marked by X on the chart), could use the liquidity (sell stops) there to potentially engineer a move towards 20K next...?

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Ripple next crypto to take off? Looks like smart money accumulation in this consolidation box..

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Price action clearly bullish, it is a dip buying market. Nice volume on up candles. Could it do a Bitcoin/replace it?

Fawad-Razaqzada

Fib extensions widely used for profit-taking, so anticipate some pullback if she gets there

Fawad-Razaqzada

Another week is about to draw to a close and it has been a very good one for the US dollar, which broke out against a number of currencies, most notably the euro after a dovish taper of QE by the ECB. Friday’s stronger-than-expected US GDP boosted expectations that the Fed will hike rates one more time before the year is out. This week has also been good for...