Kav1ka

Kav1ka

What are your thoughts on the S&P and the U.S. economy as a whole? :)

Kav1ka Updated 

Here we are looking at the weekly chart of Gold and this week, Gold has opened lower than the previous week's close. Which ultimately translates to a piercing (reversal) candlestick pattern. Also note that the piercing candlestick forming at the support level (trendline) makes it much more reliable of a reversal signal. Like many other patterns and signals, it's...

Kav1ka Updated 

First, let's start by saying that any ideas expressed here should not be taken as trading advice. Fundamentally, three things I want to highlight here: 1. Significant monetary policy still needed to spur inflation for the eurozone economy 2. Talks of more interest rate hike for U.S. 3. EU and Italy budget drama continues Technically speaking, the gap will...

Kav1ka Updated 

Not a whole to say about this pair. Momentum is still up on the daily chart, looking for it to peak somewhere near the red line. Happy Trading folks, Cheers!

Kav1ka Updated 

EURUSD found support around 1.1500 area after DXY peaked @ 95.80. We'll looking to short 1.1555 if it reach that price level. Happy Trading, folks! Cheers. Also, I posted $DXY chart update earlier. Feel free to check em' out.

Kav1ka Updated 

USDCAD have been trading in a bearish channel for weeks. This time it is most likely heading to the upper part of that channel. Happy Trading, folks! Cheers!

Kav1ka Updated 

The rumor has it that rise of interest rates can be a lot sooner than expected, tacking 50 bps above neutral. Although no one knows what the neutral rate is including central bank, we assume that it is 3%. That's 3.5% on the long end. Anyhow, this pair seems to be supported on the daily trend line and with Retails Sales report due tomorrow, it could boost the...

Kav1ka Updated 

A break below the ascending wedge could send AUDUSD to 7000x. Also Gold showing weakness which can add more downside pressure for the aussie dollar.

Kav1ka Updated 

Earlier I posted an update on the EURUSD chart which could see another leg up for wave 5 which coincide with DXY chart. Happy Trading, folks! Cheers!

Kav1ka Updated 

"Italy must 'calm down' and stop questioning the euro: Draghi" ~ Reuters Last week we learned that Italian yields was what halted the euro from moving higher, technically. As these issues continues to brew within the eurozone, observing the negative correlation of these two pairs is worth noting. Italian yields isn't far from 4%. Whichever way the pair goes, a...

Kav1ka Updated 

This week in Crude Oil is an important week to determine whether we will see prices heading back towards $75, or a continuation to the downside. On the chart, the market found support on the weekly trendline, together with the daily 200 period-moving average and the 88.6 Crude Fib level. However, following last week's bearish momentum, the bulls would have to show...

Kav1ka

In reference to my previous analysis on S&P 500, here is a quick example of the key levels being taken out during corrective phase which could signal more downside to complete ABC. Happy Trading, folks! Cheers !

Kav1ka

This is my view on S&P500: Since we have broken below the trend line that connects wave 2 and wave 4, S&P is seen to be in a corrective phase. The duration and the magnitude of this correction will be determined in 2 - 4 weeks time. However, in my opinion, if the S&P breaks below 2700, it could poise for a bigger correction to at least those levels marked on the...

Kav1ka Updated 

What technicals are telling us and what we can expect in today's London session, and perhaps in the next couple of days, or week. Here on the 1-hr chart we see that price consolidated after Friday's NFP report out of U.S, which if you're a fan of Elliott Wave, it formed a 'pennant' pattern which typically result in wave 4. A wise technician once said, "If you see...

Kav1ka Updated 

USDCHF had broken below the triangle pattern. Some levels to look out for as it rallies back towards the supply zone for short opportunity. Happy Trading, folks! Cheers!

Kav1ka Updated 

First let's start by looking at the monthly candle. USD Index lost over 76% of its gains from the low 95.50. Although the month is not over, there's a question to be made whether USD peaked @ 97.00 level. As we look at the weekly timeframe, USD index put in a shooting star for the week prior, also what I considered a dark cloud cover pattern. It's tough to say...

Kav1ka Updated 

The USDCAD is somewhat neutral overall. By looking at the monthly and weekly timeframe, there seems to be an equal balance between buyers and sellers with the scale slightly favors the sellers at this point. Hence why the bounce on the chart could be limited to 1.31 level. Because we anticipate a bounce on USD Index, USDCAD should also follow suit before heading...

Kav1ka Updated 

EURUSD stalls at the 1.1430 resistance level, pulling back to demand zone at 1.1370+ area before continuing higher. Happy Trading, folks! Cheers!