The S&P500 has reduced in value last week. I see price forming an inverse head and shoulder pattern on the Daily timeframe. I am not holding any directional bias and I will assess how this week's price action ends.
NAS100 has printed a yearly high as well as the low price for the year in Q1. I am anticipating price to drop to the 14000.00 area that could potentially act as support. Once price drops to this level and fails to break it, we could have a inverse head and shoulders pattern.
Nas100 is bound to recover from the losses accumulated since the beginning of this year. The end of Q1 will be the opportune time to buy and hold Nas100
XAU/USD is currently bullish. Price is heading towards 1900.
Pound Yen monthly time frame. GBPJPY started dropping after it price hit a key monthly level. It remains to be seen if the bearish momentum will be carried into September.
USDCAD has broken out of a key zone. Price is heading to the most recently formed high which also a potential "take profit area".
NAS100 is dropping and is set to test it's previously formed lows. The overall outlook is BULLISH. I will be waiting for price action to give me a double or triple bottom as entry confirmation.
GBPJPY is poised for a decline. The Pound has been surging since January, selling opportunities may arise in the coming months. Fundamentals however are what will be driving price, and attention needs to be paid to GBP Data, BoE Interest rate decision and GBP CPI data.
NAS100 is an index that consists of the top 100 tech companies in the US. Companies that do not perform well financially are de-listed from the Nasdaq. NAS100 consequently paints a overall bullish structure. Price action trading is the best way to approach NAS100 because the market discounts everything. The Q1,Q2 earning reports are already out, we are currently...