From a technical point of view,, the FX:USDCAD pair is bearish in short term, but at the same time, we think a corrective structure "must" be triggered. With this in mind, the strategy is simple: "Buy the Dip" on the intraday chart (1H time frame). On chart I have shown some potential targets that could be reached, but to understand which of these to look...
From a technical point of view, another bullish leg is possible on intraday chart. If this does not happen, it means that the structure in play is corrective (ABC Pattern). Two potential Targets: The first is the return to the previous Top, the second around 0.6280 area. Stop with wave 1 failure. Trade with care! Like 🚀 if my analysis is useful. Cheers!
To try to make sense of our analyses, let's go back to the last big picture we followed on hourly chart last week: the Harmonic . 💡 As we have shared in various updates, our bearish Target 2 could have triggered some reaction: 💡 We have also seen an interesting cluster on daily chart, with potential corrective structure completion: 💡 Another Potential...
Following a downtrend, where the price action created a series of the lower lows and lower highs, the bulls are increasing their presence in the game and are signaling that there might be a change in the price direction. Thus, a hammer signals a potential change in the price direction, as the bears were unable to follow up on the new short-term low by allowing the...
From a technical point of view, trend is bearish on intraday chart and it could still trigger some consolidation. On the H1 chart it is possible to develop an interesting harmonic structure with Target around 1.918 and 1.900. In long term however, the main trend is still bullish at the moment. Trade with care! Like 🚀 if my analysis is useful. Cheers!
On intraday chart the trend is up and BITSTAMP:BTCUSD is forming impulse structure 12345. Technically some pullback is possible on H1 chart, but this should still be bought by the Market. Potential Target at 31,000 and 31,500
Together we have followed the last part of this rally (see chart below) correctly, but now we cannot rule out some corrective structures in near term. That said, the trend is bullish on Daily and Intraday Charts, so if you decide to take a short position, you have to wait for a bearish signal. From our point of view, if BITSTAMP:BTCUSD triggers a corrective...
As we said in our latest analysis about FX:AUDUSD pair (see chart below), our resistance area has worked properly, and pair has triggered a bearish leg. Having said that, drop has been fast and this confirmed the resistance validity. From a technical point of view, we are now looking for a continuation or reversal pattern on intraday chart. In the next sessions,...
The technical structure on daily chart is still very interesting, our short term setup has been corrected (see chart below), but now the pair is approaching an important long term resistance around 0.6880 area. That said, we still don't rule out some bullish consolidation in short term, but once the impulsive structure on 1H chart is completed, we expect an...
To answer this question, let's try to take a classic Pattern as an example: the "Head and Shoulders" . Typically Traders take short position (in this example) on neckline breakout and place stop loss above right shoulder or head. If we only take these elements into consideration, it often happens that pattern fails. Why does this happen? Because these elements...
Technically speaking, the FX:AUDUSD pair has triggered an interesting rally during the past week, and this swing could still continue with the development of a 1-2-3-4-5 impulsive structure in near term. If we look at intraday chart, on 1H time frame, the pair should trigger some pullback (or corrective structure) which could be used to take long position. ...
In the short term, it might be interesting to follow the FX:AUDJPY pair on intraday charts. If we look at 1H time frame, the trend is bullish and should somehow manage to reach the area around 94. With this in mind, a "buy the dip" should be the correct interpretation. Trade with care! Like 🚀 if my analysis is useful. Cheers!
In a few hours we will know if FOMC decides to raise interest rates by 25bp or if there will be a pause in monetary policy. Having said that, if we look at 1H chart we still have the same technical structure (see analysis below), which is still valid at the moment. With this in mind it would be great if TVC:GOLD triggered a swing as shown on chart (first bearish...
From a technical point of view, a bullish consolidation is possible in the short term. If we look at the intraday chart, the FX:AUDCAD pair could develop a bullish impulse structure 1-2-3-4-5. An interesting strategy could be to start with a small size and add step-by-step if the trade goes in the right direction. Trade with care! Like 🚀 if my analysis is...
More than 97% of analysts say the FOMC won't raise interest rates tomorrow, but what will happen to Dollar Index, FX:EURUSD , TVC:GOLD and FRED:SP500 if Powell decides to hike interest rates by 25bp instead? Most likely, tomorrow's announcement will be our driver at least for the whole summer, because this event will have a strong impact on the market. So we...
Our last setup was correct, the FX:AUDJPY pair completed the harmonic structure and subsequently reached our Target 1 around 93.95. Having said that, on the 1H chart we have resistance around 94.45 (swing) and then 94.95 (Target 2), and from one of these areas the pair could trigger a pullback. Unfortunately, I don't have a clear short signal at the moment, so I...
Nonetheless, Q1 2023 gold fundamentals were still interesting and most likely, the Central Banks' interest in gold could continue for much longer. In our view, the current inflationary and geopolitical environment will still support the yellow metal in mid-term, at least for the next 12-24 months. Gold Demand Trends Q1 2023 (Mixed picture for gold demand in...
Hello everyone! In the last few weeks we have been following $TESLA (see chart below) trying to take a long position around the bottom (weekly support). That said, the triggered rally was very interesting, the value has almost doubled in less than a month and if we look at the intraday chart (1h), we see the rally developed with a bullish impulsive structure. From...