alicanuz

alicanuz Updated 

I believe USD/CAD prices has got one more push to the long side before coming back down again, the bullish engulfing on the 0.5 fibo retracement level is a indication but just in case price wants to touch the 0.618 level to find support I would recommend placing sl below that level and below the trendline also. Take profit should be placed on the -0.27 fibo...

alicanuz Updated 

Price is in a downtrend making lower lows and lower highs, I believe the new lower high in this circumtance is 0.7370 and price can now fall to the -0.27 or -0.618 fibo levels where price can find support and reverse.

alicanuz Updated 

Price is making lower lows and lower highs, I believe 1.3472 is the new lower high because it printed an evening star right off the trendline bounce from the resistance area. I expect the price can go to a lower level which i believe will be the -0.27 fibo extension level where it might find support and reverse.

alicanuz Updated 

Price has broken the bearish trendline and formed a cup, possibly could form a handle now. Also forming a bullish trendline sl could be used below this trendline or the cup low, if 0.8425 brakes 0.86 will be the target for this trade where price can find major resistance.

alicanuz Updated 

Price was in consolidation and formed a rising wedge. The trendline has been broken as expected to the downside and retested, I expect gold to drop post the FOMC meeting hard tonight. 1750 might act as support but the wedge target is 1725 where there has been lots of buying pressure so it must be the last TP area.

alicanuz Updated 

Euro still very weak against the USD, price tired to push a little bit to the upside but couldn't even reach the 0.5 fibo retracement (1.1715) level, I believe the selling pressure will continue to push the prices down. Recently price has created a double top at 1.19 and broke the neckline and the range of this double top pattern has a similar target with the fibo...

alicanuz

Strong USD has also pushed the pound in a downtrend after 1.4250 double top and 1.3650 neckline has broke. I believe 1.3850 is the new swing high before the price creates another low below 1.34. On the long run I believe Pound will continue to be in a downtrend until it hits price 1.31 at a minimum and maybe continue from there.

alicanuz Updated 

After bitcoin gave an ATH, price has formed a head and shoulders (HS) formation and broke neckline and structure. I believe price will reach 52.000 area which also is the next major support area and should be a good take profit matching with the target of the HS formation.

alicanuz Updated 

USD/CAD has been in a bearish move for some time and has been consolidating for a while and finally broke out of the rising wedge formation and retested the trendline. I expect a move to the previous low maybe a little bit more to the 1.2270 area where there is daily support.

alicanuz Updated 

Price was in a nice downtrend but the trendline was broken after printing a double bottom formation post the FOMC announcement. Price immediately rushed to the 0.7310 area where prior the bearish trendline touch was made and after coming to this area price started to retrace. The retracement went a little bit too far than ideal (0.7236), but still considering the...

alicanuz Updated 

After a strong daily close after touching the 1.36 support area price rushed all the way to 1.3750 before retracing to 1.3660 area again. This retracement is close to ideal as it touched the fibo 0.618 several times and did not go below. The retracement trendline is now broken and I believe pound will continue its move towards 1.38 area somewhere between the -0.27...

alicanuz Updated 

After regaining strength from 92.00 price broke structure and then formed a double top, rejected, and now formed a double bottom and broke the neckline. I believe that the DXY path is open to next major resistance area which is 93.40 also the limit of the double bottom pattern.

alicanuz Updated 

Using the range between 1.26 support and 1.27 resistance, price has formed a triangle pattern and broken and retested the descending trendline. Coming off of the 0.618 level of the fibo, I expect this pair to ride to the previous high and major resistance which is the 1.29 area again. I have put my sl beneath the 0.618 level but I do not believe it will break the...

alicanuz Updated 

EURO/USD prices struggled to pass the strong resistance level of 1.19 and entered in a down move breaking the support level of 1.18 and retesting it while giving a head and shoulder pattern. With 1.17 being the head and shoulder limit 1.1750 can act as a support and might be considered for the first take profit area.

alicanuz Updated 

Gold seems to be eager to stay above the 1775 level. The symmetrical triangle has been broken to the upside, possible entry on the retest, take profit at the next major resistance level around 1805 also 1795 can act as minor resistance, stop loss beneath the swing low.

alicanuz Updated 

As can be seen on the daily chart, prices have broken the bearish trendline and also a cup and handle pattern has been printed. Both the trendline and the neckline of the pattern has been retested and now it is time to enter for a long position with a take profit target around the 1.29 area.

alicanuz Updated 

Following the payroll news on 06.08.2021 the US currency has gone bullish. Descending triangle formed on GU and broke and retested the neckline. Expect price to fall minimum to the 1.37700 area.

alicanuz Updated 

Rising wedge has been made on this pair and broken and retested the trendline. 0.7250 being the main target, keep in mind 0.7330 and 0.73 can act as resistance.