Since my last publication on this pair, we witnessed a surge of 170pips in our direction before the bears eventually came in (see link below for reference purposes). Despite the heightened risk of a more disruptive Brexit outcome from the ongoing EU-UK tensions over the Northern Ireland protocol and contrary to expectations of the majority, I do have an...
The Swiss have been Bullish in the last 8 weeks and I suspect a temporary correction is evolving with anticipation of a rally continuation in the coming week(s). Therefore, we shall be looking for the completion of the reversal pattern sighted on the Daily chart to take advantage of a counter-trend opportunity this new week. Tendency: Downtrend (Bearish) ...
In the wake of a stronger than expected US labour market report for October 2021, the Euro appear to be taking a bounce from fresh annual lows under $1.1520. Despite citing a Double Top pattern with a successful Breakdown of Neckline confirming a reversal pattern, I am looking forward to taking a "quick" countertrend in the coming week with my eyes still on the...
We experienced close to 100pips move in our direction following my last speculation on this pair (see link below for reference purposes) and a Breakdown of Demand structure (a level that held price "supported" throughout last month) early in the month of November 2021 insinuates that the Kiwi might witness a risk of further decline in the coming week(s). From a...
The US dollar appears to have regained bullish traction as we witnessed a bounce back and forth before the price finally broke out of the Key level @ Y130.800 to reveal buyers strength at this juncture in the market. As we all have noticed that the Yen is being sold off against almost every major pair in recent time, and following Higher US bond yields and...
We witnessed a 1,000pips run in our direction since my last publication on this pair (see link below for reference purpose) and the confirmation of reversal set-up at the Breakout of Neckline (CNY 6.39500) during last week trading session is the final straw that broke the camel's back for me. Higher US bond yields and hawkish Fed expectations shine the light of...
My last speculation on this pair earned us over 200pips before the Bullish momentum began (see link below for reference purposes); Despite a long term Bullish perspective, I am beginning to see a short term opportunity to do a temporary sell on the Kiwi in the coming week as the Bears gear to step into the game. Tendency: Downtrend (Bearish) Structure: ...
With over 400pips in the kitty from our last speculation on this pair (see link below for reference purposes); It appears that the correction of the Impulse leg has begun following the Breakdown of JY132.800 and JY132.300 level respectively. As the Euro runs out of steam against a potentially strong Yen from a short term perspective, the current position in the...
Despite long-term Bullish expectations on this pair, the Pound appears to be on the verge of a slide amidst Brexit trade deal worries. The identification of reversal candles in the last days of last week trading session is a reflection of the news informing the possibility that the European Union could terminate the post-Brexit trade deal if the U.K.'s...
The probability of the Greenback to do a substantial drop in the coming week(s) seems to be high following the appearance of a reversal pattern in the structure of a Head and Shoulder on the Daily chart. Tendency: Downtrend (Bearish) Structure: Supply & Demand | Reversal pattern (Head & Shoulder) Observation: i. As far back as 2010, It is...
Since my last publication on this pair, the price moved 150pipos in our direction before the reversal began (see link below for reference purposes). The Greenback 5-months winning streak appears to have come to end. The appearance of a Double Bottom pattern coupled with the relaxation of COVID-19 restrictions in Sydney, Australia’s most populated city after a...
Over 5,000pips in our direction since my last publication on the yellow metal ( see link below for reference purposes) and it appears we are at another juncture to take advantage of the rally. The continuation sequence of this bias can be related to the significant Breakout of the Bearish Trendline during the course of last week trading session after a two week...
We experienced over 300pips run in our direction since my last publication on this pair (see link below for reference purposes). Now, it is obvious that a trading range has been hemming broadly within the N$1.93500/1.97000 since the emphatic breakdown of the Demand level late in the month of August 2021. At this juncture in the market, I shall be looking forward...
Following a 100pips move in our direction since my last publication on this pair (see link below for reference purposes), I see a short term opportunity as the current structure in the market insinuates that a temporary decline in price is imminent after observing a significant Breakdown of JY119.500 in the course of the last week trading session. b]Tendency: ...
As price moved in our direction since my last publication on this pair, we scooped over 350pips (see link below for reference purposes) before the reversal setup began. As at the moment, it appears that we are on the verge of a risk of further decline in the coming week(s) as the Dollar lost all it gained during the month of September 2021 and with the appearance...
The British Pound appears to be staging a recovery since finding a bottom at Fr1.25000. The appearance of a Double Bottom within a strong Demand zone (Fr1.25000) which have a holding memory since July 2021 signals a rally should price Breakout/retest our Neckline (Key level @ Fr1.26000) in the coming week(s). Tendency: Uptrend (Bullish) Structure: ...
The successful breakdown of the Bullish Trendline identified in my last publication on this pair negated the Bullish tendency projected (see link below for reference purposes). The consistent rejection of the $1,740 level in the last 7 days is a possible sign that the bears are finding it difficult to push the price below this level. Even as the...
It's been 3 weeks since my last publication on this pair and my bias remains bullish (see link below for reference purposes). Rejection of Y130.500 a couple of times at the beginning of the month (September 2021) resulted in a further decline which tested the Y128.000 zone to form a double bottom structure with hopes of Neckline Breakout in the coming...