The continuation of bearish pressures appears to be emphasized at the AU$1.89150/1.89550 area. Since late August 2021, it can be observed that price continue to reject this area as buyers find it difficult to push prices further. Following a continued rejection of AU$1.8950 which also makes a confluence at exactly 61.8% retracement of prior bearish momentum and...
The Aussie suffered the most on Tuesday after the Reserve Bank of Australia announced its decision to maintain its tapering plans, reducing its bond-buying purchases from A$5 billion to A$4 billion per week. Reaction after this decision is evident on the market as the price rejected $0.748000 to drop 1.81% during the course of last week trading session. In this...
It took a whole 3 months for the price to move over 17,000 pips in our direction since my last publication on this pair (see link below for reference purposes); that is approximately 83.7% growth in 3months! And following the sudden loss of $10,000 during last week trading session (7th of Sept 2021 to be precise), the price has remained untypically stable with...
It's over 300pips move in our direction since my last publication on this pair (see link below for reference purposes) and the appearance of a Double Top pattern is leaving me with no choice but to look out for Bearish momentum in the coming week(s). There is high hope for the Greenback in the nearest future as the focus remains on the Fed tapering timeline ...
The price dipped over 200pips in our direction since the last speculation before the rally began (see link below for reference purposes) and following an emphatic downward spiral that lasted 3 weeks, it appears we are at a juncture in the market that suggests that price is on the verge to reverse. Tendency: Uptrend (Bullish) Structure: Breakout |...
My last speculation saw the price move over 150pips in our direction before the bulls took over ( see link below for reference purposes). Since breaking above the $1.25000 level in July 2021, I am labelling this level to be a very strong demand zone for the Greenback considering that the obvious that it has held price "supported' in the last couple of months....
As promised, I am making a lower time frame follow up on the previous publication which was on a weekly chart (long term). With over 5,000pips move in our direction in the last couple of weeks (see link below for reference purposes); a significant breakout of Key level @ $1,816 reveals the huge clamour for Gold at the end of last week trading session. The bulls...
Even though we held on to a 400pips move in our direction since my last publication on this pair; a sudden breakdown of Channel and Trendline coupled with the appearance of a Head & Shoulder pattern (see previous publication in the link below for reference purposes) insinuates a bearish momentum is imminent. Further consolidation amidst a mixed outlook remains the...
We are yet to open a long term position on this pair since my last publication on this pair as the price is yet to do a significant breakout of $1.18500 as expected (see link below for reference purposes) but the current market structure suggests that the "wait" is about coming to an end as I anticipate a significant breakout of Bearish Trendline in the coming...
Price did not move as expected from our last speculation on this pair (see link below for reference purposes) as Y109.200 became a very strong Demand level for the Yen. Tendency: Downtrend (Bearish) Structure: Breakout | Supply & Demand | Trendline | Harmonic pattern (AB = CD) Observation: i. In the last 10 days and since the price broke down...
With over 400pips move in our direction since my last publication (see link below for reference purposes); The selling pressure surrounding the Japanese yen continues to increase in the latter part of last week trading session and It appears that the Euro has finally found support at Y128.000 with a high probability of a Bullish momentum in the coming week(s). ...
It is over 250pips move in our direction since my last publication (see link below for reference purposes) and the appearance of a strong reversal pattern (Double Bottom) at this juncture in the market suggest a trend reversal is unfolding as price continue to find higher-high since hitting a bottom @ $1.36000 a couple of times. The British pound spiked a bit on...
It is over 200pips move in our direction since my last publication on this pair (see link below for reference purposes - the positive outcome from this speculation is indeed interesting as one of my client did not believe in our sell position hence he closed the trade😄and lost the opportunity to recover his account ) and it appears that we have milked the Bearish...
In as much as the set-up on my daily chart predicts a bearish bias, a holistic perspective from the weekly chart states otherwise as the appearance of a Hammer candle doing a sharp rejection of the Bearish trendline which was broken at the beginning of May 2021 signifies a hidden momentum building behind the scenes by the buyers. The demand for the precious metal...
With over 150pips move in our direction since my last publication on this pair (see link below for reference purposes); the price appears to be back at our previous Key level @ Fr0.91950 (see link below for reference purposes) with multiple rejections emphasizing selling opportunity for me. It is obvious that the Greenback rose during the last three days before...
A Breakout of channel negated my speculation on this pair as price continued to find new highs (see link below for reference purposes) and the appearance of a Double Top structure at this juncture in the market insinuates a risk of further decline if price successful breakdown Neckline @ AU$1.87800. Positive development unfolding as the Reserve Bank of Australia...
We had a 100pips move in our direction since my last publication (see link below for reference purposes) and with the current structure in the market, it appears we are back on the track of a rally continuation which I projected on the 11th of July 2021 (see speculation in the link below). With the anticipation of the Swiss Producer and Import price later on in...
With over 60pips move in our direction since my last publication, the character of price action during the course of last week trading session appears to have shed more light on the direction that the majority are heading as price broke and closed below our previous key level @ $1.39850. As multiple rejections of our previous neckline @ $1.39400 (see link below...