Brief Technical Analysis:
According to the Daily, Btcusd had been consolidating around the 50k zone before it declined to a newly recorded low of $28,970.
In essence, sellers entered the market at approximately the 64k zone as they were eager to short on May 12th 2021, following Musk's tweet expressing that the electric carmaker had allegedly suspended vehicle...
Hey traders, hope all is well!
Firstly, this Analysis of EURUSD is conducted also with reference to my previous Analysis of this currency pair which was uploaded on
the 13th April, so please do check that out as well!
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Now, let's begin with the...
Hey guys, recently the market has been extremely unpredictable considering current market conditions and Its impact on a wide range of things such as Stocks, Commodities and Foreign Exchange etc.
This is my first analysis conducted on a commodity; XAU/USD which should be really interesting!
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First thing which we establish depicting the 4hr/TF of AUDUSD are the levels of support and resistance.
Our vital Support level was present at approximately 0.63180, following our level of Resistance at 0.68550.
Furthermore, @0.63400 we receive an insight of a Triple Moving Average crossover amongst 4, 9, and 18 day charts.
Price then accelerates across moving...
NFP: US Jobless claims soar above 6.6 million.
In the middle term, EURUSD has been consolidating under the 200 SMA, indicating a bearish bias. However, it has rebounded from the 1.0800 figure suggesting a Bullish bias.
Should we continue to see EURUSD rally, or will it tank soon? Let's wait for the weekly close to find out!
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To begin with, AUDUSD has been extremely bearish for the last 2 months mainly due to economic uncertainty and a weak unemployment rate depicting an increase in the amount of COVID-19 cases across the country, also following the recent decline of the ASX.
Now, let's talk technicals.
According to the chart, price had a very significant rejection at @0.55677,...
The technical view of USDJPY depicted by the Daily Chart allows us to identify our monthly Horizontal BUY pressure and Horizontal SELL pressure further which eventually directs us to establish the overall market trend/flow.
From approximately september of 2019, we had identified our ascending consolidation pattern of Higher highs and Lower lows.
During the...
On the Daily Time Frame of USDCAD we have managed to identify a bearish engulfing candle close which leaves the last Friday trading session with a push towards the downside depicting that our area of sensitivity was broken on the 4hr/TF Chart, additionally allowing us to identify our mark of Horizontal sell pressure across the Daily.
Assuming that we reach our...
Analysis of GBPAUD according to the 1M Chart Timeframe.
We can first identify our low for the month, hereafter breaking into an ascending pattern towards our resistance level
@1.918339.
At our first resistance level we can see our ascending consolidation of patterns broken, allowing price to further surge creating bullish exhaustion towards the upside.
If Price...
Examining horizontal BUY and SELL pressure, allowing us to identify our monthly High and Monthly Low zones. The aim of this analysis was to identify the pattern depicting the way in which price had formed into a descending order (downtrend), explicitly meaning that if eventually we watch price pursue towards our resistance level to retest, then there will be an...
