CADCHF Analysis with both a short idea and a long idea. The discount and premium zones has been marked, the support and resistance zones have been marked. We have seen CAD being very weak against CHF for some time now and it has caused this pair to move aggressively downwards two times, which will need correcting as soon as possible to ensure that the market...
EURNZD has recently had a insane push upwards which will need correcting soon, we can see to the left that this has corrected the bearish push downwards that went into the discount zone where we expect most buyers to come in. Price has now reached the premium zone and shown that it wants to come down as selling pressure has increased and price is creating a lower...
EURGBP is in a long term downtrend and recently it had broken through a resistance zone without retesting it so it is likely that price may come down to retest this zone again to allow buyers to go long. I am looking to sell EURGBP if it comes to the 61.8 safe retracement, which I have marked on the chart and then once it hits the support-to-be zone and retests...
CADJPY has been on a bull run for a long time now and in the overall picture it has been in a downtrend. My expectation is that price will reach this resistance zone to test it for the third time and perhaps create a triple top and this would be the best entry for a sell position. Furthermore acting as resistance are the two previous order blocks and the...
For a long time gold has been in a downtrend and recently we have seen gold pushing up trying to correct the bearish move without any smooth correction in price. Most areas of resistance hasn't been tested for support and the buying pressure is too much, which already draws many sellers in to this pair. Price has broken through the 4hr fractal high indicating that...
USDCAD has aggressively collapsed for sometime now and it needs correcting as soon as possible. We can expect buyers to be coming in at full force to try and get USDCAD to test the next resistance area marked on the chart as that area has never been tested before in past week. My expectation is that price will continue to range for a longer period of time and then...
Hey traders, for a long time USDJPY has been in an overall uptrend till recently it has climbed downwards aggressively to correct some parts of the bullish move. Price has created many lower highs and lower lows in this section of the chart and this already indicates that USDJPY could potentially be in a downtrend. However, I think that price will need to correct...
Hey traders, EURUSD has been in an uptrend for a long period of time now and just recently price has began to consolidate and create two false breakouts out of the range box, which has created a double top pattern. On the daily timeframe, EURUSD is creating a head and shoulders pattern, which confirms that sellers will be coming in. Price wanted to break above the...