US100 Finding Support Close to 14000 ( Buying Level )US100 has revisited the 1400o once again after a good reversal with the trend breakout formed. This small setback can be another impulse before the next lift while I personally see 14000 as a good buying level or support formed on the H4 and Daily timeframes. If this level brings enough supportive pressure then we will be seeing a nice rally once against close or above 15900
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EURUSD Will Revisit this Weekly Support at 1.05 ( Buy Zone )EURUSD is on a mid-term bearish leg or trend while the fact that price has failed to hold up many support zones so far. Here on the chart when we zoom out a bit on a higher timeframe the things are clearly spotted. The price is on its move to find the major support from the weekly support formed close to 1.05 area. If this level remains valid and stronger we will see a strong reversal after the revisit at 1.05
NZDUSD Will this Bear Flag Break down or Get Supported?NZDUSD Has formed a bearish flag inside this big channel formed. The following key level and the lower boundary is the key point where I am personally looking at the moment. If the bearish flag forms a breakout then we may see a dump following the breakout and revisit the levels close or below 0.66. A price action that may get supported on the lower boundary will push the price back close to or above 0.69
USDCAD Will this Breakout Remains Valid to Revisit the Support?USDCAD Confirmed a nice breakout on the following trend line picked up but at the moment the price is on a pullback which managed to revisit the trend line. If the breakout remains strong and valid with more bearish pressure then we may see a dip back towards the support highlighted on the structure. The structure formed is an ascending triangle followed up with the resistance.
USDJPY On Major Resistance ( Sell Zone )USDJPY has revisited this major resistance after more than 6 years of bearish run since the sell-off happened at this level in 2015. And now I have a very close watch on the following bullish leg which supported a visit back to this area forming a nice 5 wave impulses. A well-managed position after a clear breakout on the trend formed in minor timeframes will generate a decent amount of profit in the meantime.
USOIL's Monthly Resistance is super strong and creating selloffUSOIL's monthly resistance is playing an important role in all time frames. Even on the higher timeframes, we can clearly see that the price got faked out by breaching the upside with a fake bull run. The following resistance is holding stronger against the bulls while we see strong selling pressure in the 110 price area. I have a decent expectation of a further decline in oil prices to create and revisit the level highlighted close to 75
US100 A Pull back after the Harmonic PatternUS100 has taken a blow towards the minor resistance to complete the harmonic pattern and now we are on a pullback towards the support we have highlighted before the next liftoff. A well-managed short position will be generating good profits in the short term.
After the completion of the expected pullback, we may see a good rally with a nice reversal formation on the following support zone we have picked up on the chart.
AUDCAD Revisiting Resistance on H4 ( Sell Zone )Market Instrument: AUDCAD
Timeframe: H4
Analysis: Technical
Structure: Breakout and Resistance
Prediction: Bearish
AUDCAD has revisited the resistance at 0.9426 which we have seen as a sell-off zone. In this case, we see a pullback happening to retest this level to crush further downside with more selling pressure.
GBPAUD Revisited an Important Weekly Support at 1.74 (Buy Zone)Market Instrument: GBPAUD
Timeframe: Weekly
Analysis: Technical
Structure: Support and Reversal
Prediction: Bullish
GBPAUD has revisited important weekly support where we have seen many reversals and strong bullish pressure or buying interests appeared. Expecting the history to repeat itself after a huge crush on this pair with the support formed at 1.74
DOGE is on a big triangle which requires a breakout nowMarket Instrument: DOGEUSDT
Timeframe: DAILY
Analysis: Technical
Structure: Resistance and Reversal
Prediction: Bearish
DOGE has formed a big triangle on the daily timeframe where this requires a bullish breakout now. The upper boundary on the following triangle is remaining stronger and acts as a resistance to control the buying pressure for a few months. Hopefully waiting to see a good bull rally with a strong bullish breakout confirmation.
CADCHF has revisited the Resistance and we may see a sell off!!Market Instrument: CADCHF
Timeframe: DAILY
Analysis: Technical
Structure: Resistance and Reversal
Prediction: Bearish
CADCHF has revisited the resistance once again. Here we can see a considerable amount of selling pressure has formed during each visit on the following resistance. If the price is respecting this resistance one more time then we will see the formation of a triple top on the following pair CADCHF.
Bitcoin is heading close to 52K now with this BreakoutMarket Instrument: BTCUSDT
Timeframe: DAILY
Analysis: Technical
Structure: Key Level and Reversal
Prediction: Bullish
Bitcoin has confirmed the breakout on the key level now where this has a potential of revisiting the next minor resistance level formed close to 52K as highlighted on the chart. A minor retest may be seen on the key level which has already been breached to utilize the buyer's pressure. Any move back inside the key level will invalidate the setup.
AMZN's on a Distribution zone & price may revisit the resistanceMarket Instrument: AMZN
Timeframe: DAILY
Analysis: Technical
Structure: Distribution Zone
Prediction: Neutral
AMZN is playing inside a distribution zone for some time recently. While the recent breakout to the downside has got faked out by a move back inside the support highlighted on the chart. For the moment the AMZN can revisit the resistance highlighted but until it shows a valid breakout off the resistance we cant assume it's a bull ride as theoretically the price should crush with a breakout on the support formed to the downside.
AAL will show up breakout now on this key level and channelMarket Instrument: AAL
Timeframe: DAILY
Analysis: Technical
Structure: Key Level, Descending Channel
Prediction: Bullish
AAL is running inside a strong descending channel where it requires a breakout on both the key level and upper boundary of the channel formed to continue its bullish run ahead.
GBPUSD - Descending channel and major key levelMarket Instrument: GBPUSD
Timeframe: Daily
Analysis: Technical
Structure: Descending Channel, Key level and Lower boundary
Prediction: Bullish
GBPUSD is on a major key level and is also respecting the descending channel on the lower boundary. Hope this bullish reversal expected will be supporting for a breakout to form on this following channel and to continue the rally way to the upside crossing close or above 1.42
EURUSD - Descending channel is the key structure on Daily TFMarket Instrument: EURUSD
Timeframe: Daily
Analysis: Technical
Structure: Descending Channel, Impulses and Lower boundary support
Prediction: Bullish
EURUSD is on an important structure where we have seen many consolidated candle closings close to the current market price level. Also when we watch close enough on the daily and lower timeframes the price has got back inside the channel formed while being supported with the lower boundary. Here the next impulse is expected to show up a bullish trend to the upside in order to revisit the upper boundary or show up a breakout on the following structure.
USOIL May crush back close to $80. Resistance at 113 is StrongMarket Instrument: USOIL
Timeframe: Weekly
Analysis: Technical
Structure: Resistance and Retracement
Prediction: Bearish
USOIL is respecting the resistance formed close to 113 and the weekly chart shows a faked breakout on this resistance and now retracing or pulling back to retest the resistance one more time before the crush. Here I expect the price to fall back once again inside the channel I've picked up here and revisit the lower boundary which has formed on it. For the moment the market is highly bullish in all timeframes but the expectation is a retracement to form considering the daily and weekly price action on this resistance at 113.
GBPCAD Visited the Weekly Support ( Buy Zone )Market Instrument: GBPCAD
Timeframe: Weekly
Analysis: Technical
Structure: Support and Retracement
Prediction: Bullish
GBPCAD Has visited the weekly support once again. This support has created a nice bullish trend to the upside at this level as it's showing a good buying interest around this area. Hope the history repeats itself on this support for one more time for a decent bullish reversal to appear.
USDJPY is Revisiting the 124 Monthly Resistance ( Sell Zone )Market Instrument: USDJPY
Timeframe: Monthly
Analysis: Technical
Structure: Monthly Resistance, Bul trend
Prediction: Bullish
USDJPY is outstanding these days and ruing the market. So yeah this can easily revisit the monthly resistance formed close to 124.00 in the price area where this seems to be a major sell zone while considering the historical price actions. Hope that price can show up a sell-off after visiting the required sell region this time.
GBPNZD On a Weekly Major Support ( Buy Zone )Market Instrument: GBPNZD
Timeframe: Weekly
Analysis: Technical
Structure: Weekly Support and Retracement
Prediction: Bullish
GBPNZD is on a major support level on the weekly timeframe where this place created a good buying pressure or interest previously which supported this pair for a considerable amount of growth during each bullish run formed by this support. Expecting history to repeat itself on this support for another decent bullish reversal.
NZDCAD is on a Nice Impulse inside this ChannelMarket Instrument: NZDCAD
Timeframe: Weekly
Analysis: Technical
Structure: Minor Resistance, Impulse, and Channel
Prediction: Bearish
NZDCAD is forming a nice impulse inside this channel while the current price has revisited the upper boundary and the minor resistance formed on the weekly chart. I have a decent expectation of a reversal to complete the 5th impulse while it has the potential to revisit the support where it got lifted recently or a deeper level close to 0.809
EURCAD On a Major Weekly Support after completing a 5 Wave TrendMarket Instrument: EURCAD
Timeframe: Weekly
Analysis: Technical
Structure: Support and Elliot Waves
Prediction: Bullish
EURCAD is on major weekly support where we have seen a good buying pressure formed at these price levels previously. For the moment price is respecting the support level formed on the lower timeframe while the bearish trend extended up to this level has already completed its 5 waves and I have a decent expectation of a reversal to form around this support to the upside.
AUDJPY Revisited the Weekly Resistance and a Major Sell ZoneMarket Instrument: AUDJPY
Timeframe: Weekly
Analysis: Technical
Structure: Resistance and Retracement
Prediction: Bearish
AUDJPY has visited the weekly resistance formed close to the current market price and the recent daily closings and this level have a great potential of a sell-off while the historical price action is considered.
