CJBlueNorther

CJBlueNorther

Beginning its formation in mid-July of last year, a massive, triangular-wedge pattern has presented itself on the weekly chart. Price has tested both ends of the wedge's spectrum as this year has progressed, but so far has respected its boundaries. Applying some fundamental perspective to this technical chart, it would seem that the market may continue to...

CJBlueNorther Updated 

TP Level 1: 1.64 TP Level 2: 1.667 Stop Loss Level: 1.5843

CJBlueNorther Updated 

Entry: 1.2918 TP1: 1.278 TP2: 1.262 TP3: 1.245 SL: 1.315 Price might push to 1.30 area first before the reversal officially begins

CJBlueNorther Updated 

The Kiwi Dollar has been very weak against the Swiss Franc for pretty much the entirety of 2023, with the last noteworthy bull run occurring last autumn. After this year's prolonged and massive bear run, the pair has finally reached its all-time lowest price. The current area around 0.52 seems to have potential as a good support price. I feel a short-term bullish...

CJBlueNorther Updated 

Entry: 1.09 TP1: 1.08 TP2: 1.07 SL: 1.063 Last year, DXY dumped the first half of July, then abruptly turned around and proceeded go on a rampant bull run for 2 1/2 months straight. Perhaps a similar outcome will occur yet again.

CJBlueNorther

Entry: 1.9777 TP1: 1.93 TP2: 1.892 SL: 2.00 Approaching yearly resistance level, RSI is well overbought on the daily chart

CJBlueNorther

Entry: 1.809 TP1: 1.78 TP2: 1.74 SL: 1.847 Approaching major resistance level, Daily RSI well overbought

CJBlueNorther

Entry: 1.927 TP1: 1.907 TP2: 1.895 SL: 1.936 Expecting this lower highs trendline to push price further down.

CJBlueNorther

Entry: 1.13185 TP1: 2.086 TP2: 2.062 SL: 1.165 Price is well overbought on daily timeframe, approaching major resistance level.

CJBlueNorther Updated 

Monthly chart for this pair is still bearish, as we are also reaching a major resistance level, which also lines up with the 200 moving average on the weekly chart. Target would be for price to fall back down around .88550 to .88000.

CJBlueNorther Updated 

Take profit level will be 0.6, Stop loss level will be 0.6286

CJBlueNorther Updated 

Take Profit Level 1: 0.657 Take Profit Level 2: 0.6646 Stop Loss Level: 0.63

CJBlueNorther Updated 

CHF strength could return soon, now that price has reach an important area of resistance on the weekly chart.

CJBlueNorther Updated 

Price tested this current zone 3 times this week and couldn't push further. With XXXCHF pairs all being currently well overbought on higher timeframes, there is a possibility that this could be a point in which price retraces back down to the previous major resistance zone, which has now turned support. 0.55 would be a good place for price to retrace back to.

CJBlueNorther Updated 

1.087 would be my target level. 1.11 stop out level

CJBlueNorther Updated 

Price has reached a major support level, so I'm going long from here. Target is 0.8618

CJBlueNorther Updated 

Daily RSI is heavily oversold, and a divergence has emerged. Looking to go long from this current support area.

CJBlueNorther

Gold is well overbought on the weekly timeframe and is overdue for a correction in price. The metal's price displayed 4 separate attempts this past week to push above the previous week's high and failed each time. This is reason to believe that the top is in, for now at least. 2150 area would be a good place for price to retrace, then the biased outlook would be...