FXDAH

FXDAH

This was a strong week for the AUD. As it goes, I also see the AUD emerging as one of the strongest currencies post-Covid. Nonetheless, I do expect this head and shoulders pattern to hold firm here indicating we should be shorting it against the NZD. Price has been up trending since mid-March but the chart pattern shows a reticence to go higher and also some long...

FXDAH

Either head and shoulders/triple top seems to be forming on the daily timeframe on GBPUSD indicating that a return to March levels could be on the horizon. This has rebounded since the March lows but much too quickly for me liking and I expect a retest of the 1.15 level some time soon. This is a market struggling really for direction therefore I expect that once...

FXDAH

Use whatever technicals or fundamentals you like. Here I’ve just drawn out what looks like a (admittedly weak) double top and a longer term bearish flag indicating a bear trap formed and this market is now artificially inflated with a plunge down to March lows imminent. You could Elliott wave this to show the imminent coming of wave 3 down (wave 3 always the...

FXDAH

EURAUD moved nicely lower last week before an inverse head and shoulders on the hourly on Thursday/Friday wiped out all of its gains. I see the same H&S pattern forming here indicating a reversal and another move down, the fact that the right shoulder is sloping downwards too is also indicative of a very fast and severe drop down in the EUR relative to the AUD....

FXDAH

Downtrending on the maximum timeframe. Looking clearly here at pattern repeatability whereby we have several instances of head and shoulder patterns followed by a sharp dollar crash against the Yen and I personally feel CVD19 offers an apt platform for this to re-occur and price to plummet down to the 90 level. This is clearly the direction the market wants to go...

FXDAH

Gold is volatile at the moment but has nonetheless formed a nice double top on the daily. The circled area shows what I'm anticipating here, a double top break of the neckline before a crash in gold over the space of a couple of weeks. I may be early here, heck, this may even go on and form a triple top but I think I am correct in my analysis that gold is going to...

FXDAH

The GBPCAD pairing has formed a very clear, very nice triple top on the daily chart. The last daily candle also has a long wick which was violently rejected right at the apex of this triple top supporting this analysis and indicating an imminent reversal. Good risk reward on this trend, also very much a swing trade looking to hold this a while as soon as the right...

FXDAH

AUDJPY looking for resumption of phase 1 continuation of uptrend on the daily timeframe. Phase 1 moves up are generally twice as long as pullbacks (phase 2) meaning daily chart indicating resumption of phase 1 is imminent which will be confirmed by candlesticks on lower timeframes starting bullish. Also looking for price to come back up towards 200 EMA around the...