momeah21

momeah21

With the current economic demand for safety (US dollar), we are seeing a Major Paradigm Shift in USDJPY. The last time we tested the current price levels were 2007 & 2015 and it looks like momentum remains for the dollar to break this decade-high!

momeah21 Updated 

Price has rejected the second attempt to sell off at a key structure level (wait for 4-hour candle close) I can see bulls taking control, if the 1st structure is broken we can expect the bulls to test 45000. Good Luck

momeah21

NZDJPY has been in an uptrend, however; Price has failed to break yesterday's high and maybe forming a double top chart pattern. this pattern formation could suggest we come and test the FIB 38% zone.

momeah21

Similar to other Crypto which is viewed as 'RISK-ON' asset DOTUSD seems ready for further bear pressure

momeah21

The Bulls were unable to break the structure and re-test a key zone. We can expect further weakness over the coming week

momeah21

Gold has been attempting to break down for a number of days, however; so far failed to break the weekly structure level. The longer it fails to go down the higher probability it is coiling for a big move up.

momeah21

As Per my previous analysis on BTCUSD (see attached) we can expect further sell-off to the next structure level over the coming days.

momeah21

Last week's attempt for sell-off failed with bulls taking control, if we can manage to close higher than Friday's peak gold could re-target $2000

momeah21

Early Last year we formed a Double top pattern since then we have been gradually working down. Last week we attempted to push higher and by the end of the week bears took control I expect further follow-through this week.

momeah21

Bitcoin has been on an impressive bull rally recently, we are reaching a make-or-break level. As long as the bear flag I will be looking to short.

momeah21

With FED's Hawkish view & urgency on inflation, we are entering a risk-off period, BTC could take a significant hit. We are carving out a complex Head and Shoulders Pattern (2 heads). if valid we could go and test 28k in the next couple of months. Trade safe.

momeah21

I am of the view Gold will drop, what should be interesting is FOMC this week.

momeah21

Hi All, Here is a quick technical & fundamental reason why I am selling Gold (PLEASE NOTE: I could be wrong!). Technical: We have two bearish chart patterns indicating the direction. We have already broken out of a Ascending Broadening chart pattern & now, we have also broken out of a Descending Pennant both imply a bearish move Fundamental We have...

momeah21

We've recently broken out of the huge Ascending Wedge chart pattern (Bear Pattern) which started pre-covid. If we can now break the recent low I think we test the support structure Good Luck

momeah21

XRP has been attempting to target weekly resistance (structure A) however failed Price Action suggested clear rejection and IF we close below the trend line we could expect further sell off. Good Luck

momeah21

If you are considering going long or short on Gold then I would highly recommend looking at my analysis from the weekend on a daily time (see link attached) From a 4 Hour point of view we are tracing out a Ascending Wedge chart pattern, showing further evidence of market direction. Good luck

momeah21

The Dollar index formed a Double Bottom Chart Pattern few weeks ago and confirmed the pattern by breaking the neckline and is now reaching another significant level. If it can break this level we can expect further strength in the dollar.

momeah21

Euro has been going through a bad time recently against most pair. We have potentially a nice Potentially Bear Flag suggesting we will go down further. Good Luck