Gold has seen some bearish moves down and if price stays below the last lower high at 1787.276, especially if today the candle closes bearish the next low price can see is a push past 1721.377 to 1703.584.
Hi Trading friends!
CADCHF has been pushing down the past few weeks. Last week a new lower low formed on the daily which indicates the sellers have control. Today price has closed a a bearish hammer which could stop price here and push it back down to the low at 0.71724.
It's all about supply and demand baby! Let's see of the sellers want the CAD 's value to...
This pair is falling. Australian dollar has weakened against the Canadian dollar creating a new lower low at 0.93397.
I'll look to continue to be the seller if price retraces to and stays below 0.94710. If she can stay below this exchange rate I'll
sell her down to 0.93397 for a trend continuation trade to the downside and further.
I'm not interested in being...
EURUSD has made a new higher high. At this rate she could take out January highs but a possible retracement to 1.20300 could be a great potential buy area.
FYI: This is my perspective of the market for the next trend continuation trade.
The dollar index has been declining over the past few weeks and last week price went lower. This symbolized the bears have control. The question is, can they keep control?
If price retraces before continuing down, price could retrace back to $91.17. If it does, and proves it can stay below, price could potentially continue to decline back to the low causing the...
This currency pair has been declining for a few weeks. We can tell by noticing the highest and lowest exchange rates as price decreases.
In this quick analysis video, I am sharing with you my thoughts on the next potential move for this currency pair.
I am not a financial advisor, but I do love creating content such as this via video or live stream for...
From where price is, if the price can stay below 1.92905, based on today's candle closure, price could drop back down to the previous lower low and 1.89471 and create a new lower low.
This is the potential of trading a pair that is in a strong downtrend. My educational entertaining advice, wait until today's candle closure to lead you into the trade. Don't trade...
The price of this pair has been pushing since the dollar has been pushing down heavily. This pushdown can be due to the political issues happening in the United States.
To get involved in EURUSD we must see some type of pullback. I'm looking to see if the price can pullback to 1.11500-1.11000 price range before we see another move up. However, with everything...
#AUDCAD has broken an ascending trend line and fallen, creating a new lower low. If price can reject my zone, I will be looking for long-term selloffs. The potential sell target price is 0.91000
If price breaks the zone to the upside, a re-evaluation will need to be done. But, until then, sells are looking like the best option.
GBPNZD has printed a bearish rejection candle. There seems to be a slowdown in volatility. If price can break this trend line and retest it we will see price take back down to the previous low at 1.84000. If price continues its bullish momentum, price can potentially push up into the next zone between 1.97000- 1.98000.
AUDUSD – Last week the market had bearish movement. The weekly candle closed as a bearish rejection candle. 0.75000 was met as stated last week in SLFX Trading members weekly trade journal. We are not back at the estimation zone. This is the 4th attempt to break this area and price is still making lower lows and lower highs. A break of this zone can lead us down...
GBPNZD Price has rejected the estimation zone again for the seventh time. From here we can see price push down to the trend line around 1.92000. A break of the trend line and we are pushing down lower back into 1.90000. Further bearish momentum and price can potentially decrease to 1.86000.
AUDUSD – The Weekly following the monthly candle is closing as a doji. Price is moving sides ways. The last 3 weeks have closed as dojis. We still need to keep in mind this pair is bearish. If price breaks the trend line to the upside, we could see possible bullish movement. However, a further rejection to the current can lead price back down to the previous...
EURUSD monthly candle closed bearish following last month’s bearish candle. This pair is still proving to be very bearish. Further bearish momentum could lead price lower down to 1.12000. If a pullback were to occur for bullish momentum, price could push up to 1.37500.
EURJPY – Price on the monthly is closing as a monthly bearish engulfing. However, price needs to break the yellow zone before bearish momentum is seen. Bullish momentum from this area, we could possibly see price push up into the upward blue zone.
Buy Bias: A break above 125.000 could push up to 126.250
Sell Bias: A break below 124.000 could push price down to 122.000
AUDUSD – The monthly candle is closing as a doji. Price is ranging between 0.74000 and 0.70000. We need a more confirmed breakout to see the next leg of movement. We still need to keep in mind this pair is bearish. However, we are at an area price has wicked at before as seen the left. The doji at the monthly zone could indicate that price could see bullish...
Per the 4-hour time frame price is consolidating right now. It is important to note that per the 4-hour time frame, price has made a higher high and is now consolidation. If price breaks out to the upside, the trend line is the next target for a third touch. If it breaks to the downside, the bottom trend line can be met just as well.