USDCAD THESIS - USDCAD W: Another wick rejection off 1.3495 and closed as a shooting star candle. Market structure still bullish. - USDCAD D: Friday candle closed as a shooting star with a long wick rejection off 1.3495. Price is still trapped in rnage with market bullish. Next target 1.3410. - USDCAD 4hr: Now waiting to see how price will react to 1.3415...
USDJPY THESIS - USDJPY W: Price found support at 109.80 with huge wick rejection after a break of 110.90. Bias overall bearish. - USDJPY D: There has been a daily break of weekly & daily level 109.70. Now expect a fall down to 108.60. - USDJPY 4hr: After break of 109.70 now looking for a pull back into level for retest then a sell off on the cards to 108.60.
- USDCAD D: Price trapped in a range between 1.3495 & 1.3395 (100pip range). Could see a bear move down to touch trendline and 1.3395. - USDCAD 4hr: One more drive into 1.3495 resistance and could see a sell off to 1.3395 for 90 -100pips.
USDCAD THESIS - USDCAD W: Weekly bias still bullish. Last week closed as a spinning top but closed below 1.3440. - USDCAD D: After ranging for 4 days price finally broke out below 1.3440 & ascending trendline. Next target 1.3385. - USDCAD 4hr: Before sell off price is likely going to pullback into 1.3440 for retest, then we should see a drop to 1.3385.
- GBPUSD M: GU is looking bullish after new highs formed. Recent higher low formed at 1.2900 & 0.5 fib level. Next long term target 1.3750. - GBPUSD W: Huge bullish engulfing candle broke above 1.3069 after rejecting off 1.2900. Weekly bias has now changed bearish to bullish 1.3450 next mid term target. - GBPUSD D: Price broke 1.3069 with a strong bullish...
- USDJPY W: Price has double topped at 112.500 and is now on its way down to possible 109.800. - USDJPY D: After touching 112.500 price formed a bearish engulfing reversal pattern and broke through ascending trendline & 111.770 level changing momentum from bulls to bears. - USDJPY 4hr: After break of trendline & 111.770 price retested levels and is now on...
- GBPUSD W: GU market structure is still bearish. Recent rejection off 1.3115. Next long term target 1.2800 support. - GBPUSD D: New lower high formed with shooting star and bearish engulfing signalling reversal. Series of lower highs to show sellers pushing market lower. Next short term target 1.2950, if that breaks then we will see 1.2800 - GBPUSD 1hr:...
GBPUSD + Weekly: My overall bias for this pair is now bearish after previous low taken out. After rejection off 1.3116 price fell, closed below 1.3000 and closed as a bearish engulfing. + Daily: Clean break below both 1.3000 & 1.2966. Yesterday candle closed as a shooting star/ Marubozu signalling huge bear momentum. + 4hr: Looking for a slight...
EURUSD + Weekly: On this timeframe pair is looking very bearish. After rejection off 1.1325 pair dropped in price and closed below 1.1250. Moving averages are still bearish. + Daily: Huge bear move on thursday breaking through 2 levels of support and closed below 1.1250 taking out previous lows. Next target for EU is 1.1190 support. + 4hr: Before this...
Bitcoin + Weekly: Last week candle closed as a long legged doji signalling indecision in the market at $5430. Expecting huge pull back from here. + Daily: After price rallied for a couple days momentum has begun to slow down and reject off $5430 with multiple wicks. Do expect a drop from here down into $5015. +4hr: At $5430 price is forming multiple...
USDJPY + Weekly: Pair has double topped at 112.08 zone and closed as a shooting star signalling sellers are about to push the markets down. + Daily: Price gapped down on open however price found support at 111.86. Strong area of support confirmed as 2 hammer candles formed of this zone previously. + 4hr: Price was trapped in a 25pip range between...
GBPUSD Long + Weekly: This timeframe is still showing bullish momentum. Last weeks candle closed as a shooting star after rejecting off 1.3114 showing sell pressure. + Daily: After a huge bearish drop price has now stopped at 1.3036 support closing as a spinning top. Could see a move back up to 1.3114. + 4hr: Pair is forming multiple wick rejections and...
EURUSD Long + Weekly: Last weeks price pulled back to 1.1325 resistance after new low was formed on monthly. Although candle closed as a bullish engulfing I do see a reversal from here as this pair is bearish. + Daily: Price drove into 1.1285 with a small rejection signalling bullish momentum entering the market. Moving averages have also just crossed...
USDCAD Long + Weekly: This pair is still looking bullish. Although last weeks candle closed bearish it tried to break below 1.3300 monthly support but the bulls stepped in causing a rejection. Moving averages are bullish. + Daily: Price is now currently in a range between 1.3390 resistance & 1.3300 support with the recent touch being off resistance. +...
EURUSD Long + Weekly: Although price has double bottomed at 1.1188. Last weeks candle closed as a spinning top signalling indecision in the market. To me the market is still bearish with moving averages bearish as well. + Daily: For 5 days price tried to break above 1.1250 with multiple wick rejections. Finally yesterday price broke through 1.1250 with a...
GBPUSD Long + Weekly: Price is currently at 1.3000 after rejecting off level for a 5th week. Although last week closed as a shooting star signalling bearish momentum, however need a break of 1.3000 before selling beyond this level. GU still looks bullish. + Daily: Price has double bottomed at 1.3000 with friday candle closing as a spinning top candle...
AUDUSD Short + Weekly: This on higher timeframes still looks bearish to me even though last weeks candle closed as a hammer candle signalling bulls stepping in, however price closed below 0.7114. Moving averages also bearish. + Daily: There were multiple wick rejections at 0.7128 signalling huge area of sellers. Friday candle closed a shooting star...
USDJPY Short + Weekly: Last weeks candle closed bullish & closed above 110.63. Price also closed above moving averages after rejecting off ascending trendline. + Daily: From previous analysis price completed head & shoulders pattern and has now rejected and closed below 111.44. Price still trapped in a triangle. + 4hr: Price is now in small...