RoyanC

RoyanC

As was expected Oil went exactly according to plan. Market reopening saw a nice jump on Friday and retracements went to the zone indicated before shooting for that 38 zones. NFP reports and other employment data led to a nice test of 39.7 which we now expect to retrace and come back down to 38.0 regions to grab some liquidity before moving up again. Can see an...

RoyanC

Last week saw a nice playout of the market read with us hitting that resistance zone and then retesting and finally crashing. This happened by Tuesday so a retracement was always in the cards leading to another drop off as NFP reports pushed the price back to retest lows at 1680. This week we are expecting a return to channel top or a skirting of the trend line to...

RoyanC

This week may see a recovery of the DXY so very cautious this week as we have no idea what news will affect the week ahead. It's the second week of Q2 and there may be very weak times for the DXY until at least June 20th. My analysis points to very possible decline heading into the next 2 weeks with steady to rapid recovery in July. With that being said this week...

RoyanC

Seeing lots of resistance with a good chance for a nice push down into the week coming. Share your thoughts on this and let me know your ideas

RoyanC

Seeing a potential long for GJ this week pushing to previous zones of distribution above.

RoyanC

Did not get confirmation of bull last week and ended up having a nice short down to no man's land. Now that we are here the possibility of a Long is higher but can watch for a break of support as that will push us further down. wait for entries before we jump in as always.

RoyanC

Pretty much will see liquidation if economies open so expect that prices of Gold will fall.

RoyanC

Review carefully as the Month long resistance has held but is being tested if we have a break and retest we can expect a Bull Move

RoyanC

This week May 31-Jun 5 we can expect a fairly bullish market with expected retracements as we go overall I am expecting to see highs of 36.5 to 37.0 as the demand for oil increases and by extension, consumption resumes. If we get a reopen of the economy we could see oil settling back into its comfort zone of 36.2 and resting there as it fills orders. Watch for the...

RoyanC

This week we have a sym triangle and also a Teacup Formation on the 4Hr chart. This could lead to a breakout and full BUllish Move especially with news this week for USD expected to be good. If we get that formation completion we can expect a retest of the Resistance level and possible retest as support leading to a nice break for 1.42, other possible movements...

RoyanC

This week saw a nice play out of our previous analysis with all expectations blown seeing a push to 0.66. This week could see a small early retest of 0.66 followed by a short of the market by Tuesday. Expectations may play that the market can hit 0.66 and breakthrough in which case we could see previous highs tested in 0.69-0.70

RoyanC

With a possible reopening of the global economy, we could see oil heading to 38 dollars a barrel. Sentiments have been in recovery but with expectations high and the need for a speedy recovery in the market we could see production ramped up going into June-July. My personal bias is geared towards this as I can see this happening unless something from left field...

RoyanC

Most persons are now focused on sentiments of the halving already occurring and an expected move for Bitcoin to 10k. I dont personally share that sentiment and see a bear market ahead with a gradual correction back. Reviewing the charts show that a number of orders at 10k were filled and now accumulation at 9200 is exhausted which led to a drop down to 8800. We...

RoyanC Updated 

My trade first trade idea for the NZDJPY pair. New to the forum but been at it for a few months now and a bit more confident to share my ideas with the wider community. Please note: This is not trade advice nor is this a signal. This is purely my idea on how i think the market may move in the coming week and what ive seen so far. I am open for criticisms from...

RoyanC Updated 

Expecting to see that continued trend for UCAD as it approaches the resistance zone if it manages to break that zone and continue the uptrend then we can expect resistance at 1.4200 with possible retracement down to 1.4100 if it manages to return to the channel then it may consolidate in the zone until either pushing back to 1.4200 or breaking the month long...

RoyanC Updated 

Watching for a possible break and retest f support zone but a more likely possibility is for the rebound off support zone with the pair remaining in that zone of consolidation. A number of indicators point to a possible Bull trend so waiting for confirmation of same before entering. could see prior week high tested but watching as it does seem to be forming a...

RoyanC

My views on this week is a potential bull as it has been creating a slight uptrend and not retesting the resistance zone possible break and retest expected. Possible for it retest price at 1.42 before retracing to 1.41 and reentering the channel before making another attempt at 1.425 zone Note: This is purely speculation and is not to be taken as financial...