USD has lost a lot of steam this week and I expect this to continue coming into the next few weeks (Despite already hitting weekly lows). Swiss Franc (known as a fairly stable currency) is one of the best choices in this current market environment, especially considering we may see massive selling in EUR in the coming days. Started to look short around 0.9650...
Gold has been performing poorly in recent days despite the growing fears of COVID-19 in the world. The fundamentals suggest that Gold should be in an uptrend for the foreseeable future but that does not mean you would start just recklessly buying gold. This is the best time to use trend-based technicals to find support areas to buy. Should we be buying this...
BTCUSD has surged higher since the last post and is approaching a strong resistance level around $7655. The triangle formation has shifted but remains consistent as it looks to possibly test $7,000 as a support in the near term. For a more full analysis and intraday signals, trading ideas, strategies and tips feel free to subscribe to my newsletter. The Margin...
NZDUSD has a breakout of the channel and hit 0.59600 above which is an important resistance level in the short term. The 4-hour chart is showing us that it is in a bullish flag formation. What do we have here? ✔️ Bull Flag Formation ✔️ NZDUSD - Breakout of Ascending Channel Thank you, Connor, Please feel free to follow me to get more analysis. On Tradingview I...
Dow Jones (US30) holds above surges above 22000 today which is an important level in the short term. The 4-hour chart is showing us that it is in a descending channel. What do we have here? ✔️ Descending Channel ✔️ DJIA- Pushing Minor Resistance Level Thank you, Connor, Please feel free to follow me to get more analysis. On Tradingview I share 1hr, 4hr, 1D, 1W...
USDCAD holds above 1.4100 today which is an important level in the short term. The 4-hour chart is showing us that it is in a bullish triangle formation. The levels we must watch in mind are the following: 1.37865, 1.39588, 1.40548 - 1.42469, 1.43796, 1.45152 Note: If we lose the 1.39588 level, it is highly likely the next major support is around 1.37865. What...
USDJPY is pushed above 109 today which is an important level in the short term. The 4-hour chart is showing us that it is in an up channel. The levels we must watch in mind are the following: 106.937, 108.168, 108.585 - 109.250, 110.193, 111.668 Note: If we lose the 106.937, it is highly likely the next major support is around 102. What do we have here? ✔️ Bull...