Market seems to have reach a very strong resistance point. Looking for CAD to drop from this level. CAD also seems to go opposite of Gold which has been hugely impacted (In a bullish way) due to the news on WWIII.
With many spikes to the upside and a double top formation forming it seems that BTC maybe looking to go on a bearish run these next couple of months. At this moment I do see bearish engulfing candlesticks that have formed on both the 4h and 1h which may give a bit of a temporary push upwards, but in the long term things are not looking good for BTC.
Expecting a bullish DXY wihtin the next couple of weeks. I see a bullish head and shoulders forming on a major support line on the 4H. Also taking a look on the daily you see a engulfing pattern forming on major support.
Looking for the EU pattern to complete it bullish run for this week. At the moment you do see one major bearish spike, but until i see more spikes to the upside I will be thinking bullish on this pair.
Currently looking for BTC to push back up after its drastic drop the past few weeks. Expecting a W pattern to form , then looking for a small drop afterwards. In all actuality looking for a bat pattern to form.
NU seems to have great price action (morning star) at an imporant level. The RSI seems to be oversold and needs a breather. Also there seems to be bullish divergence on the 4H timeframe as well. Keep a close eye out.
Expecting this pair to rise for a bit. If you look on the 4h timeframe there seems to be bullish divergence as well. The RSI seems to be oversold on the daily. Great price action on the 200 EMA as well. Keep an eye out on this pair.