I am anticipating the completion of the established bearish movement on USDCHF. Whatchout.
A retest of the demand zone at 1.0745-70 could meet a new buy order. With an OB siting right on the demand zone, traders can look into a good Long position
Yen have been scaling through new territory marking up new highs since 35yrs back. Currently, the pair is consolidating. forming an ascending triangle (a bullish trend continuation pattern) A Buy at the break of the upper trend line would indicate a sufficient bullish rally and buyer could begin to ride the price towards the 150.00 mark.
Short Trade Setup – A break below the lower trendline and possible retest could initiate a fresh selloff back to 1660 or further down to retest 2022 low at 1610. Long Trade Setup – A break above the higher trendline crossing above the 1725-28 resistance zone with a possible retest could initiate a fresh pull-up for buyers to run all the way to 1800-10 or further...
XAU/USD seems to be trending below 1725-30resistance, inside a falling wedge. The two possibilities could get played out. It is advisable to wait for a breakout above the previously mentioned resistance zone before looking into a LONG trade. Or Wait for a break below the 1685-80 support zone before looking into a SHORT trade.
Provided that BTC/USD price stays below the 23k-26k mark which has been actively acting as weekly Resistance level, without an improvement or bullish momentum. A bearish anticipation for a further decline towards 17k & 13k as extension can be look into.
Preference - SHORT trade can be into, using a break below the 1.3560 (S1) as entry confirmation. With a target at 1.3515 (S2) and 1.4400 (S3) as extensions.
Following the Price of Gold could lead to a huge return, but right now, it is best to stay patient and wait for the market to take you on the journey. To avoid getting trapped in a fake momentum.
The AUD/USD is trending below last week's Thursday low (Support) which is being used as new resistance. The same level falls below the pivot point inside a symmetrical triangle. A break of the lower trendline could initiate a further downside movement in the price of the Aussie. This is worth looking out for!
SHIBA INU is trending inside a symmetrical triangle, so I am looking for a breakout from the upper trendline at .00002045 and I will be buying SHIBA. I will be targeting 900points toward the upside with my exit at 300. Alternatively, any break below the lower trendline could initiate a further downtrend.
GBP is currently in an accumulation phase after a long bullish trend that started from the 4th of March up until the price got corrected on the 24th of April by about 5.06%, which later got converted to a flag pattern. The Outlook on the pair currently is to anticipate for a breakout above the upper-trendline (which is serving as a dynamic resistance zone) at...
The EUR/NZD has ended its first bullish phase with over 220pips as forecasted, now we wait for a 38.2% - 50% before starting its second bullish phase straight to 1.6660
A breakout above the upper trendline could be a nice pump in the price for the buyers to start making banks in the market. Worth looking into. Target of 500 pips Stop 150 pips
The AUD/CHF ended his bull run a few weeks ago by breaking below the lower trendline (dynamic support). The price since then has been in a recurrent accumulation phase (looking like a pennant/flag). This could either be bulls surrendering to the bears or buyers preparing for another phase to pump the price higher. The pair is worth looking into.
A break above the triangle commenced a new uptrend sequence. Worth looking into. Entry point - 1.6080 Stop - 100 pips Target 1 - 250 pips Target 2 - 500 pips
The AUD/JPY is at the yearly high. Having successfully crafted an Ascending Triangle pattern to confirm the presence of buyers in the market amid the peace talk between Russia and Ukraine. Technically - If the price gives a sound rebound above the 94.00 psychological level, the pair could experience another surge in price and mark 96.55 as the next stop or move...
The EUR/USD broke below the Triangle last week and spent the rest of last week and early today making a correction to retest the diagonal support zone (the lower trendline). If the price failed to re-enter back inside the triangle and got rebounded towards the downward part of the market again. A Sell Stop is good at 1.08040 and targets 0.5040 (300points).
Well, I am expecting a steady breakout this week on USD/CHF, the pair have always been one of my favorite pair. Waiting for the break out/down before going Long/Short on a Long term. I will keep you all posted on how I choose to follow this pair after he's taken the turn.