NicoBeau_Capital

NicoBeau_Capital

Last week, US100 has made a new low at $11700 level. This price movement indicates that the bearish trend is still very valid and therefore, we will continue to look for sell entries after a retracement. Currently, we can see a potential inverse head and shoulder pattern in making. Thus, we will monitor for a breakout from the neckline area. If the price...

NicoBeau_Capital

Last week, US30 has arrived at a new low at $31200 level. Therefore, this indicates that the downtrend is still very valid, and we will continue to look for sell entries after a retracement. From $31200 level, we can spot a bullish engulfing candlestick pattern, which could indicate the start of a retracement. Our area of interest to enter sell positions are at...

NicoBeau_Capital

After breaking down from its recent horizontal channel, EURUSD has arrived at a new yearly low at 1.0350 level. Therefore, this makes the downtrend still very valid and we will continue to look for sell positions after a retracement. From the yearly low, we can see the price formed a bearish flag channel. The price recently has broken the neckline of the double...

NicoBeau_Capital

We are going to post a controversial idea. We know many have expressed their attitude toward the worthlessness of Terra(LUNA) after its collapse. We will not get into coin’s fundamental reasoning because there are just too many factors to argue for each side. We just want to point to a few simple, logical, and forward-looking reasons on why we are going to...

NicoBeau_Capital

Apple is currently moving in a downtrend, making lower highs and lower lows. Last week, the price has arrived at a new support level of $140. Therefore, this makes the downtrend still very valid, and we will continue to look for sell positions after a correction. If a correction takes place, then we expect the price to retrace to $164 ~ $172 level, which is...

NicoBeau_Capital

Last week, price has broken the neckline of its head and shoulder pattern on the daily chart. As we forecasted in our previous GBPJPY analysis, after a sharp breakout, price retraced and now aims to retest the neckline of the head and shoulder pattern, which is the 159.50 ~ 160.00 level. From there, we will prepare our swing sell entries, with a first target set...

NicoBeau_Capital Updated 

EURCAD has been trending down and made a new yearly low at 1.3400 level back in late April. During last two weeks, the price has corrected, reaching the previous resistance level of 1.3760. We can see that from this level, many strong rejections have occurred and then ultimately sent the prices to new lower lows. In one hour chart, we can see that the price has...

NicoBeau_Capital

Currently, Alibaba is moving in an impressive bearish trend. During early March this year, the price has arrived at $80 level. Since then, we can see the price retraced and retested the previous support level and the trend line. In the chart, we can spot a descending triangle pattern, where the price has tested the $80 support level three times, simultaneously...

NicoBeau_Capital

Amazon has reached a new low at the $2050 level. The price is currently going through a strong bearish impulsive structure, which indicates that the bearish trend is still very valid. Therefore, we are only looking for sell opportunities after a retracement. Our first area of interest is the previous support level of $2700. We can see that there’s also an...

NicoBeau_Capital

EURCHF has recently broke out of its wide ascending triangle pattern and made a new high. Therefore, this makes the uptrend still very valid and we are looking to enter buy positions after a pullback. As we forecasted in our previous EURCHF analysis, the price has retraced to the previous resistance level. Therefore, we will begin to prepare our buy...

NicoBeau_Capital Updated 

Last week, AUDNZD has reached a new high at the 1.1100 level. The trend of AUDNZD is persistent; when the price has reached a new high, that means the trend will not easily reverse for a period of time. Therefore, we are looking for buy entries to capture any retracement from the previous high. The price has retraced to 1.0980 level,which is the previous...

NicoBeau_Capital Updated 

In the 15-minute chart, we can see that there are two gaps which are not closed.  We name them Gap A and Gap B. Currently, we can see that price has formed an inverse head and shoulder pattern. If a breakout occur, we believe that price will retrace to fill the two gaps before it can drop to a new low. Trading Roadmap: First, we wait for a clear breakout from...

NicoBeau_Capital

In the daily chart, we can clearly spot a potential head and shoulder pattern in making. The price has currently arrived at the neckline area of 160.00. From this level, we will watch for a breakout. If the price breaks the neckline, we will then prepare our sell entries at the neckline area to capture the retracement after a breakout. This head and shoulder...

NicoBeau_Capital

After GBPUSD reached a new low in the area of 1.2270 at the beginning of this month, we can see that the price has begun to consolidate. Now, the price seems to be moving in a bearish flag pattern within a horizontal channel, which indicates that the price is still moving within a bearish structure. Therefore, we will continue to look for sell entries after a...

NicoBeau_Capital

EURCHF has recently broken its wide ascending triangle pattern, making a new higher high. Therefore, this makes the uptrend still very valid and we are looking to enter buy positions after a pullback. Our first buy entry zone, or the area of interest, is set in the previous resistance level of 1.0370. We will look for buy entries targeting the previous high from...

NicoBeau_Capital

Recently, US30 has arrived at a key support level of $32000. As we forecasted in our previous US30 analysis, the price had more rooms to drop, eventually testing the yearly low of $32200 level. We can see that past prices have bounced up from this level. Clear bullish candlestick patterns can be seen to support the start of each correction. As we zoom in...

NicoBeau_Capital

Yesterday, silver has arrived at a key level of 21.700. We can see from the daily chart that this level has been the bottom of the channel since 2020 October, where all prices have bounced up from this support area. Observing in details, we can see that all bullish reversals have occurred after clear bullish candlestick patterns were formed. Therefore, in next...

NicoBeau_Capital Updated 

On the daily chart, we can identify a wide descending triangle pattern, where the highs, or the peaks, are getting lower and lower. This indicates a bearish structure as we can see that recently, the price has broken the 0.5000 support level . We are currently not looking for any sell entries despite the fact that the price is trending down. The price has...