A classical downtrend pattern can be seen in the weekly time frame. A perceived USD weakness might keep the USDCAD bears in full control this week. A closer view to the 1H time frame shows the classical double top pattern, a bearish pattern. I would likely bet on a bearish continuation this week.
EURUSD had a bullish drive up to an all time year high in January{1.23493}. A background USD strength had brought about a bearish EURUSD trend. The (1) impulse wave had been completed, followed by the (2) wave retracement, confirming an Elliot wave pattern. Although the (3) impulse wave is still yet to be completed, a bearish reversal pattern around previous...
My Forcast for GBPUSD on a relatively mid-term basis. My bias is a BUY towards next gold resistance zone. I'll include possible entries in comment section. let me know your thoughts on this idea.
Although I am waiting for a few confirmations before getting into this SELL, my bias is that Price will drop to around $7,900 on a short term basis.
My thought on AUDJPY. I believe price is at the lower part of the channel highlighted with the green trendlines, If this hold, I expect some push further up.
I believe we should have a pullback towards the zone I highlighted in Purple on a short term. Before I confirm my BUY position, I'll like to see that the support around 1.862 doesn't get broken and for price to break the trendline upwards.
I think BITCOIN will continue being bullish, but on a short term, I believe price will be within the channel indicated in green and we should be targeting the $8,000 region.
NSE 30 AT CRITICAL POINT : ON MONTHLY DEMAND ZONE . The price is at equilibrium for four conscecutive month. the are signs of accumulation or distribution on weekly and daily time frame
Regarding the American Dollar against the Mexican Peso, I believe even though there is a possibility of price still going up towards 19.02, we should see a further downward push on a short term. My personal goal for this trade is just around 50 pips.
My Thoughts on Nas100. I believe we should get a bit of drop today.
My Bias for this pair is that it still has some 150 - 170 more pips upwards, especially if that resistance at 0.875 doesn't get broken. Rough Chart
If the resistance at 1.92205 doesn't get broken, I'll be looking at the 1.90650 - 1.9043 region as a possible short term target.
If the 0.854 - 0.855 range gets broken, we confirm our BULL ride as shown in the snapshot below;
My Position On USOIL detailed on the Chart. A pullback BUY, then we continue the SELLLLLL.
My thoughts on Bitcoin; I think the price of Bitcoin against the USD might fall some more in this month of December, and I am looking at the $5,300 - $6,000 range. I think we will get price down to the $7,000 range, back up to around $7,500, then down to $6,000 - $5,300 Range by end of the year before take off. Check below my short term analysis;