Aussie Dollar isn't as bullish as most people think. Aussie is weak, in my opinion, hence this short trade against King Dollar. We'll look to TP around .7100 support level. Feel free to comment below and let me know your thoughts. Cheers, and Happy Trading!
Could this be the start of Gold decline? The fundamental here is that USD will continue to rise which most likely will send GOLD lower. On a technical side of things, currently, we are seeing a bearish engulfing candle on the daily coupled with a tweezer-top candlestick pattern. However, at the moment Gold is at a support/psychological level 1800.00 with bias now...
EURUSD found support @ 1.1860. It's likely we'll see this pair rally up to fill the gap (shaven top) @ 1.21188 and possibly test the upper trendline. In terms of momentum... Monthly is bullish Weekly is bearish Daily is bearish and turning bullish 4 hr is bullish 1 hr is bullish Happy Trading folks! Cheers! :)
Here's a quick look at BITCOIN from a technical point of view. Currently, we are at an overbought level based on the stochastics. Also, noted on the chart, a hidden divergence (Bearish) suggesting a continuation lower to 27851.xx. Now looking at momentum, the daily chart is flat... 4-hour chart is still bullish, and 1 hr is turning bearish. We'll probably see a...
Let's take a look at Gold in momentum terms... Daily momentum is flat, 4 hour is bearish and increasing, 1 hour is bearish... if today we print a bearish candle on the daily then the next two - three days we'll see Gold fall back down to 1860 level. Happy Trading folks! Cheers!
We're long USDCAD. On the chart, we've highlighted a break above the trendline on a high volume -- Our first target at R1, 1.2142. In terms of momentum: Daily - Bullish! 4 Hr - Bullish! 1 Hr - Bullish! ADX rising! Happy Trading folks! Cheers!
Here's a daily chart of BITCOIN. Currently, we are consolidating in wave 4 of the Elliot Wave. Typically in wave 4, you would see an ABCDE pattern with the break of the triangle to complete wave 5, which in this case would be at 27851.xx level. Also on the chart, you should see the monthly candlestick painted in the background. If you ever use a period separator...
Here's a quick look at DOGE Coin on a 4hr chart, which appears to be in a range. Although the daily chart is still bullish, momentum is fading but not by much if you're bullish. Here's what we see unfolding in a couple days or so, with next resistance at 0.48510 and support at 0.35459. Happy Trading folks! Cheers!
Here we're seeing a weak momentum on Crude oil. We may see a pullback to levels marked on the chart for a move higher. *If you enjoy these analyses, be sure to follow so you can get chart updates if any changes occur as new market data (price action) comes in.* Happy Trading folks! Cheers!
EURUSD looking extremely bearish. 1.20xx is likely the first support where we anticipate a bounce for a short entry.
Gold isn't quite as bullish as anticipated in terms of momentum, now it's turning bearish. The question is how low will it fall if it breaks below our medium-term trendline, only time will tell. Happy Trading folks! Cheers.
Bitcoin could fall here as yesterday's close was bearish. Momentum on the daily is flat and if today we see a further decline (bearish) in price action, then the rest of the week will rain down and you don't want to miss it. More on a technical perspective, bearish divergence on a stochastic confirms downside momentum -- here's a Bird's-Eye view! Happy Trading...
Here's a 4hr chart on USDCAD, we'll monitor this one closely whether it will bounce from here or break down. Happy Trading folks! Cheers!
Momentum is turning bearish on the 4hr time-frame and depending on the weekly close (bearish candlestick) we may see a tweezer top on this pair and for a further corrective move lower. Happy Trading folks! Cheers!
Dollar Index momentum turning bullish on the daily time-frame. The break of the ascending triangle suggests that USD turns bullish at the start of next week for the long term. Happy Trading folks! Cheers!
NewZealand Kiwi is pretty weak across the board and here on this pair, the breakout has quite a bit of volume behind it. It's a long trade! Happy Trading folks! Cheers!
Here's a quick look at EURUSD bullish setup. Happy Trading folks! Cheers! :)