Oil is flying, but remember nothing goes up in straight lines. I am waiting for a pullback some time very soon as it has broken out of consolidation. The retrace if i were to draw the fibs would be back at the top of the box which would be the 38.2, but as the spike up hasn't finished i cannot draw my fib line.
So i expect a pull back to the top of the box which...
NZD/CAD on the Daily is looking quite bearish in my opinion, with a downtrend of LH and LL since its peak of 0.8782 back in December 2022. Currently we are sitting at a critical point of support and i do believe that it will break that line. With Volume at resistance at every peak of the downtrend in the price action, it has finally created LH and LL showing the...
Gold is currently retracing back to the 50 on the fibs to create a LH, where i suspect it to bounce back down to create a LL on the Daily and continue its downward push.
The previous leg down it retraced to the 50 on the fibs before it made its LL, the reason for my theory on this current leg.
Remember after every push you will get 1/3 to 2/3 retracement. Any...
Currently in an uptrend, lets see if it can continue to go and reach the major resistance at the $7.18 zone. Volume is supporting the move as well as the 50 day average red line on volume being used as support. RSI is also supporting move but is creeping in the Over Bought area which could present a small pull back to support at the zone of $6.35
Lets see if the...
BNB on the daily has been in consolidation since May last year, ranging from $350 to $230 respectively. Currently at the the bottom end of consolidation, BNB could look at getting some legs if volume supports it, but still remain in consolidation zone .
Keeping an eye on, On Balance Volume as it is in bearish divergence with the price, but if it OBV breaks...
