NicoBeau_Capital

NicoBeau_Capital

US 10YR Yield has reached a yearly high at the 3.200% earlier this month. From the new high, the price retraced and retested the support level of 2.700%. In the 4-hour chart, we can spot a potential head and shoulder pattern. Therefore, we will observe if the price will break below the neckline area in the near future. If the neckline is broken, then we expect a...

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-INTRODUCTION- CADJPY has been moving within a wide bullish flag channel after the price has reached a new yearly high at the 103.00 level. This new high has not been retested and we expect the price to eventually rise to reach the high again. Today, the price has broken its bearish flag channel with a strong bullish momentum. Therefore, we will look to enter buy...

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-INTRODUCTION- AUDUSD has been moving in a wide descending channel. The price has recently reached a new low at the 0.6850 level. From the support level, the price nicely retraced and now aims to test the resistance level of 0.7300, which would be a 450-pip retracement. This is a great price movement from the bottom because a larger retracement could generate a...

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-INTRODUCTION- Two weeks ago, CADCHF has reached a new higher high at 0.7800 level. As we forecasted in our previous CADCHF analysis, we expected the price to retrace and retest the support level of 0.7500, which is also the previous resistance level that was tested multiple times. The price nicely retraced and formed an ascending triangle pattern at the 0.7500...

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AUDCAD has recently arrived at a new low at the 0.8930 level. From that support level , the price retraced, forming a very nice looking bearish flag channel. As we forecasted in our previous AUDCAD analysis, we expected the price to retest the previous high at 0.9100 level, then form a consolidation pattern within the bearish flag channel. The price retested the...

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EURUSD has been moving in a long-term bearish trend. Currently, the price is moving within a bearish flag channel from the new low of 1.0350. As we forecasted in our previous EURUSD analysis, the price fell from 1.0750 resistance area to retest the support level of 1.0650, then followed by a rise back to the 1.0750. From the chart, we can see a neckline which has...

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-INTRODUCTION- US100 is currently moving in a downtrend. This index likes to consolidate within a horizontal channel before breaking down to reach a new low. From the chart, we can spot several horizontal channels formed from the new support levels. Observing closely, we can see that when the price has retraced and reached the top of the channel, it almost always...

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-INTRODUCTION- US30 currently has two gaps which are not filled. One is the recent low at the $30650 level while another one is at the $31300 level. In 1-hour chart, we can see that the price has formed a rising wedge pattern, along with a bearish divergence in RSI. Therefore, we expect a sharp bearish breakout sometimes very soon, similar to the last retracement...

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-INTRODUCTION- Everyone’s favorite clothing company Abercrombie & Fitch is tanking. The stock gapped down to the $18.50 level after a bad earnings annoucement this week. Therefore, we will look for sell entries after a retracement. -TRADING PLAN- ANF is moving in a downtrend, making lower lows and lower highs. We currently have a gap at the $26.00 level. Current...

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-INTRODUCTION- As we forecasted in our previous USDJPY analysis, the price has broken out of its last bearish flag channel, falling to a new low at the 124.400 level. In the 4-hour chart, we can see the price has broken the neckline of its head and shoulder pattern, signaling the beginning of a strong bearish trend. In the 1-hour chart, we can spot a strong...

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After reaching a yearly low at the 1.2150 level, GBPUSD nicely retraced, forming a bearish flag channel. This week, the price has broken out of its consolidation pattern. The price then retraced and retested the neckline area but was rejected. Therefore, we have entered our short-term sell positions. Check out our ongoing and previous trading ideas below :)

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-INTRODUCTION- AUDNZD has been moving in a horizontal channel after reaching a new high at the 1.1110 level. The new high has not been retested. Therefore, we will continue to look for buy opportunities after a pullback. Check out our previous AUDNZD pullback trading ideas below.

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Since early 2021, Bitcoin has been moving in an approximate range of $29000 ~ $66000. The price movement has been divided into clear bullish and bearish segments. In each segment, we can identify continuous chart patterns supporting each movement.  As we previously forecasted in our BTCUSD analysis, the price has broken its bearish flag channel and fallen to the...

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-Introduction- USDMXN has arrived at the support area of 19.600 ~ 19.800. This is a strong support level, as we can see many times the price has bounced up from this level. Observing closely in daily chart , we could see that before a bounce from the support area , almost all prices formed a kind of a bullish candlestick pattern. After the bounce, we could spot...

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EURUSD has been moving in a long-term bearish trend and recently reached a new low at the 1.03500 level. From the support area, the price nicely retraced, forming a bearish flag channel. Yesterday, the price has reached 1.07500 level, making a 400-pip retracement from the bottom. In the one-hour chart, we can see the price has formed a double top pattern, breaking...

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-INTRODUCTION- Cincinnati Financial Corporation has been moving in an ascending channel since 2020 summer after its recovery from the pandemic economic shock. Last month, the price has reached a new high at the $142.50 level. After reaching a new high, the price retraced and retested the suport level of $120. From the support level, the price has formed a...

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-INTRODUCTION- Silver has recently reached a new low at the 20.500 level. After reaching a new low, the price has formed a bearish flag channel, retraced, and retested the previous support level of 20.200. Therefore, we will be looking to enter sell positions after a confirmation of a short-term trend change. -TRADING PLAN- The price was strongly rejected after...

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-INTRODUCTION- USDCHF has recently reached a new high at the 1.0060 level. After reaching a new high, the price retraced, and now aims to retest the 0.9600 support level. This is a very healthy pullback and we expect the price to arrive at somewhere in between 0.9400 ~ 0.9500 level. This area is the previous resistance level from where the price has broken up to...