After price formed a H&S pattern above 1.41000, seeing highs since late Feb, price is now looking to form its lower high once it manages to retrace at 1.40970 and a break in the intraday (orange) trendline with the help of the Fib tool and may tank to 1.39800 . If move to 1.39800 is confirmed it may then bounce off the H4 trendline that there and we could most...
The pair has been on an extremely strong uptrend since about year ago and is finally getting to highs last seen in Septrember 2018. Price acceleration has also massively dropped as retests of late are proving to be relatively slightly stronger than the overall bullish movement. Price may officially begin to drop beginning next week, and if price happens to close...
After strongly anticipated USD strength throughout the week so far, NZDUSD may also be looking to find its way relatively lower by the week's close. Price retraced onto highs last seen in the pair during sometime mid-March this year, and is now bound within a wedge, hoping to give further direction once a breakout occurs. Being slightly above Key level 0.72500,...
After price has continued to nosedive in a severe downtrend, we might be seeing some correction sometime this week in greenback's favour. Price sunk to its most recent Support Key level 0.90000, where it has begant to pick itself up gradually. On the same key level, price has now formed an Inverse H&S pattern, which may be looking to reverse price for some days...
After price finally managed to break and close above 0.77500, we may be looking ahead for a move to 0.80000 resitance, but before this price must first retest the most recent key level which will act as Resistance turned Support before any further long movement. A break in the Intraday trendline (Orange) may also confirm price downward movement. Despite US...
Good Morning! After long awaited break above 1800, it may look to retest onto the demand area at 1810 before finally climbing towards around 1850, with respect to the relevant Resistance levels at 1833, 1843 and 1853 as price finds its way back into the bullish channel, where we may then look for further confirmation for direction once it hits the upper trendline....
Silver's overall uptrend continues and with having formed its most recent Higher High at key level 27.500, it's now consolidating below the key level and the Upper Trendline of the channel as another confluence. If price just so happends to be bound below 27.453 and back to Support at 27.253 may also form a H&S pattern (Head & Shoulders). A break, close and retest...
Over the past week, USD generally hasn't been at its best. And has been finding strength as it nears the week's close in the recent past. After major moves upwards against NZD, it has now began necessary correction before the pair looks to take flight to the nearest key level or even maybe to the next. A confident close below 0.71450 (Monthly close) may push price...
Price was in an overall downtrend and begins to reverse in an upward direction, and if it just so happens to break and close above the first supply area (where the horizantal purple line has been drawn) and retests it, this confirms the overall market trend may have reversed, until the next supply area.
Which in this case I consider my red horizantal line at...
Based on movement since early May 2020, the pair has seen extremely bullish movement and has now been caught in some form of consolidation slightly above Key level 130.000, with respect to Monthly closes as S&R Levels (Red Horizantal lines) as it then broke out upwards before last week's close. Price this week may see some bearish movement early in the week as it...
After a drop in price in the past week as the pair reached highs last seen in March 2018. Price also found support at 0.71000 which has been found twice before in the recent past (late December) and price has been failing to break past Major Resistance 0.72500. A Head & Sholuders pattern also successfully formed which more often than not causes price to shoot...
After price recently saw highs of 0.73000, which the pair hasn't seen since April 2018 caused price to tank and has recently been moving slightly below the major key level 0.72500. Price on relatively larger timeframes looks to have formed an Inverse Head & Shoulders pattern, which tends to sink its movement more often than not. A Fib Retracement was set in...
Probable long term drop in price after uptrend breakout and current retest on trendline which may also be looking to reverse at point D of the trendline. Price found resistance at 142.000 forming Double Tops, which are now facing major retracement, and if Fib Retracement is applied from highest price (on Double Tops) to retacement point, price is consolidating at...
Price may be looking to breakout bullishly in the short term, hoping to continue its long run trend. First off, a Head & Shoulders pattern seems to have formed on the lower trendline of the uptrend channel which may look to cause price to break above the minor trendline that has it confined to a relatively smaller downtrend, which has collectively hit the...
Price may be looking to finally reverse after a long severe downtrend. With a confluence of the inverse H&S in favour of the bulls, price will climb and if it does break short term supply at 1.31700, may head for 1.32500 before further trend uncertainity. Persistent rejection of price breaking below demand zone around 1.30650 is also a major factor to conisder.
Pair is facing an anticipated uptrend as price broke out of a Weekly wedge bullishly and is now rejecting any further bearish movement. This is due to a gradual uptrend spotted on the H4 chart and price is currently bouncing of the trendline, not to mention the indecision traders are facing on either direction of the pair with a number of dojis currently present...
EURJPY looks to be kicking off to an uptrend and can be confirmed on relatively larger timeframes i.e. Weekly & Monthly charts and if price continues to breakout significantly without it being a false breakout, it might look to test Resistance at 127.250.
EURJPY looks to be kicking off to an uptrend and can be confirmed on relatively larger timeframes i.e. Weekly & Monthly charts and if price continues to breakout significantly without it being a false breakout, it might look to test Resistance at 127.250.
