Men_of_The_Markets

Men_of_The_Markets

We have seen this pair continue to trend to the upside for quite some time now. Steady higher highs and higher lows have been formed along this trend and we'll love to flow with it. Since there was a bullish impulse move yesterday, we can expect some sort of pullback for another continuation. The marked area at 1.87500 was a previous area of resistance, and a...

Men_of_The_Markets

With the nice impulse move to the upside, we can expect some minor pullback before the continuations. A pullback into the key level at 1.69500 is ideal, and we'll watch how price reacts at this area. If there's a rejection and then a bounce, we could see the next bullish move from there.

Men_of_The_Markets

After the correction we saw on CADJPY, price eventually broke below that level and is currently at a clear 4H level. Price will either bounce off this level to make it a higher low and even yet an inverse head and shoulder, or price would break the level to continue a downtrend. We're waiting patiently to see what sets up.

Men_of_The_Markets

With the recent uptrend and bullish moves we see on the pair, we can expect more upside on GBPJPY. Price already bounced off the last 4H level and could sooner or later break above the current H4 resistance it's facing. We remain bullish on GBPJPY and will continue to look for long entries.

Men_of_The_Markets

With some serious downsides to DXY, we saw EURUSD push bullish, breaking well out of its falling wedge. With this strong move, we could see some more upside moves after a pullback. Having made profit from this impulse move, we're waiting patiently on a pullback to some key areas before levelling up buys again.

Men_of_The_Markets

It seems like the short-term uptrend has ended. Price can no longer find higher highs and higher lows, and the most recent could now be broken. If this happens, we could see a continuous downtrend follow through and that's what we're waiting for. We're waiting patiently to see how this sets up.

Men_of_The_Markets

Following our last analysis, we have seen continuous uptrend structures following GBPJPY in the last few days. Now price is pulling back to form a higher low and a retest of the previously broken structure. We're watching for rejections at this level, then moving on to the lower time frames to look for long entries.

Men_of_The_Markets

From the last analysis, we see price pushing down from 130.300 into 129.900. We're watching to see what price would do when it gets there. Would it bounce? Or would it break below? Whichever route price takes, we'll react accordingly. A bounce from this level would be that the short-term uptrend would continue. If price breaks below, expect those sells down to...

Men_of_The_Markets

We have had this pair trying to correct for some time now. After the last bullish move. CADJPY is correcting in what looks like an ascending channel. We're still bullish on this pair and will be waiting for a breakout of either of the sides.

Men_of_The_Markets

Although we saw rejections at this level, AU finally pushed above breaking the level. Now, we could see some exhaustion before another impulsive move to the upside. If this sets up, targets would remain at the last 4-hour level at 0.74200.

Men_of_The_Markets

We saw bullish momentum rule the game today. Bullish candles breaking above strong levels as the dollar weakens. With the daily candle closing above this level, we can expect a pullback before this pair flies to the upside. We're keen, waiting on the sidelines so as not to jump into a moving train.

Men_of_The_Markets

As the trend is still down, we're just looking for a pullback, to get it at the right time. A retest and rejection from that level would confirm sells for us. We wait patiently for these to align. Stops would be above the current level and targets at a new low.

Men_of_The_Markets

For a few days, we've seen price retesting this area of support and looking for a bounce to continue its uptrend. We're now going into the lower time frames to find uptrend structures so that we can join the trend. If price breaks below the level, we switch our buy bias immediately.

Men_of_The_Markets

Looking at this pair from a pattern's point of view, one can say that we see a falling wedge. Price has been slowly closing on itself, squeezing as the wedge becomes tighter and tighter. As the days progress, we could see a breakout of this wedge. We stay patient to watch for more price action before taking a trade.

Men_of_The_Markets

The hourly uptrend looks like it just ended. Price found rejection at the 4hr resistance level and started falling. To look for shorts, we'll wait for the steady signs of the downtrend. A lower high would be a sort of confirmation to look for shorts. We do not need to rush in as the uptrend could still continue if there are no short confirmations.

Men_of_The_Markets

DNT looks pretty interesting for longs at this time. Why? We're currently at a strong level of support on the daily timeframe. The previous daily candle at the time of writing, closed strong bullish with this candle rejecting the level as well. The technicals show that a bounce could be incoming. So we're long with stops below the level and targets into space

Men_of_The_Markets

From our last analysis on WAVES, we're 150% up on the longs we took using x10 leverage. Now price has broken above a key level inside this ascending channel, so we need to watch carefully for a bounce above the level. If the area holds, then expect the highs of the ascending channel to be met.

Men_of_The_Markets

After price bottomed out from the $4.40 area, we have seen some uptrend moves on this one. Having crossed the $5.20 key level, we have positioned ourselves long. Already on the move, we expect price to continue its uptrend with targets at $6.80.