Hey Everyone! As explained in our YT video and IGTV video at @Newcapitalfx, the Dollar is currently sitting at a major inflection point. Let me explain.. The Monthly chart is reaching quarterly and monthly supply, it is currently sitting below it and might spike towards the zone drawn in the top left corner. The weekly chart is creating another corrective...
Dear Traders, Last update for this week, as stated many times for the last weeks, I am bullish on the EUR/USD and expecting more upside next week. The main area of interested as target 1 for several of our positions is 1.1150. After 1.1150 is reached, price should be bullish for a long while because this will confirm a full breakout on the daily chart. The...
Hey Traders, Similar Idea as the NZD/CAD Trade, it is expected that price will reverse from our newly created demand zone the upcoming days and see higher prices soon. The analysis of this setup, starts at the weekly timeframe which shows a clean rejection of old demand and created a new fresh area of demand around the same prices. On the daily timeframe, price...
Hey everyone, Planning to share more charts here, with this being one of the first ideas. NZD/CAD gained a lot of bullish momentum from daily demand and is likely to see more bullish price-action for the upcoming days. Personally I am positioned long on this one and I am looking for potential 1hour or 4hour scale-in opportunities for the upcoming days. More...
At New Capital FX we just shared a detailed article about the high probability demand zone for the GBP. To quickly get everyone here up to speed I want to share a quick breakdown of the possible opportunity. Starting at the Daily chart of the British Pound Currency Index we can see how price broke out of a short term bearish trend line. After a big gap price...
Based on the price action around these levels it is likely that price will be pushed lower for a pullback play. The analysis of this one starts at the weekly timeframe where price experienced a big drop the last time price was around these levels. The daily chart created new value at these highs and is currently rejecting it. On the intra-day charts, price created...
Dear Traders, It has been years that I posted a chart on Tradingview, mainly due to being more active at IG with NewCapitalFX. However, I feel like bringing value again through this channel. The NAS100 is expected to see a pullback, in my opinion and based on our backtested way of trading there is an edge that price will drop from the value area of 7666-7706....
Dear Traders, Lets share some knowledge. Currently watching the JPY pairs & what caught my eye was the rejection candle forming at 110.500. Combined with the EURJPY Low test from 118.00 might indicate a pullback in JPY strenght for this week. The reason I took this chart over the EJ chart, is because of my EURO short bias. In my opinion USDollar can power up...
Happy Sunday Traders, I want to show some interesting points I am looking at. USOIL seems to form a wedge formation at the weekly timeframe and is currently holding at the low. The technicals for my bullish and bearish perspective are the following: Bullish: - Weekly Wedge low followed by weekly deceleration. IF we hold, I see this market move all the way...
This week will be very interesting for the USDollar and the Euro. EURUSD is bullish for the last 3 weeks now with a inverted Head & Shoulders around 1.05 key support. Still I have a very BEARISH bias on this currency pair. What can change my perspective is if the following happens: To get BULLISH I need to see a clear break of the following resistance points;...
EURCHF -> Possible to move lower if we break 1.06350 price area. -> Possible triple bottem forming if we hold 1.06350 Bearish Perspective: Need to see a clear break of the 1.06350 price area, followed by a valid bounce and retest of this price area. CHF shows upcoming strenght at multiple currency pairs. Bullish Perspective: Need to close above 1.06350 price...
Currently ranging between 54.00 & 51.50 a barrel. My bias in this market is currently neutral, sitting on hands and waiting for a breakout to the upside or downside is for me the best thing to do, it is a possibility to trade the highs and lows in a intra day chart. Personally I like to wait for more clear confirmation at the higher time-frames to support my...
Third rejection of 12300, may push the market down to 12200ish, IF we do close strongly below 12300, I stay with my bearish bias for next week. Key Levels: Bull trendline since June 2016. - 12600 - 12450 - 12300 - 12200
When my USD Bias changes to bearish, I will consider this short opportunity, the move slows down towards the resistance, combined with good deceleration. First target should be at 200 EMA or 0.70000. Waiting for more confirmation, always let the market make the first move.