bullish confirmations 1. falling channel H4 ad Daily 2. daily bullish flag 3. daily double bottom at t 61.8 fib 4. weekly support/resistance flip zone 5. previous price manipulation H4 6. Weekly pin on month end/quarter end flows
Pound index is stuck in a range and one should wait for daily closes above or below daily swing points to confirm direction
EUR has printed daily bullish structure along with h4 time frame as well , price is breaking above new daily resistance and more bullish anticipated
CHF index has bullish structure on the daily time frame as well as the h4
The Canadaian dollar currency has printed bullish structure on the daily time frame as well as h4 more bullishness is expected. The fundanental outlook for the CAD is mixed Al time low interest rates The Bank of Canada left its benchmark interest rate unchanged at the effective lower bound of 0.25 percent on July 15th 2020, as widely expected. The Committee...
The NZD currency has printed bearish structure on the daily time frame as well as the h4 time frame, price has just established below the weekly support level . More bearishness can be expected on this currency the fundamental outlook below also gives us a better picture Interest rates at all time lows 0.25% The Reserve Bank of New Zealand expanded its large...
the Aussie dollar has printed out some bearish structure on the daily time frame as well as the H4 time frame, anticipating more bullishness on the fundamental side of things the biggest driver of the aud was the positive employment data for july, beating forecast as well as a significant drop in new cases for corona virus the following economic data taken from...
Current setup on gold has the potential to setup a bearish gartley pattern with our D leg forming at the H1 supply level and resistance round the 1223.45 area, we are looking to take short positions at this level as we may see continued dollar strength this week, market can also form potential bearish divergence should we break the most recent high at 1220.00....
Bullish gartley pattern currently in the process of forming the last D leg, patiently wait for the move lower as potential bullish divergence maybe on the cards as well, price is also currently hovering above the weekly support at 111.400, confirming confluence in the form of potential bullish divergence, bullish gartley as well as weekly support.
Gold did have a bullish close last week, i do expect to see some further upside however i do maintain a bearish bias as we are in a downtrend on the Daily time frame, looking to take short positions at the weekly resistance at 1245.72 after the market shows some bearish signals in terms of price action. once again our major obstacle is the dollar index where we...
Price had an extremely bearish run at the end of last week due to Trump comments regarding the Central Banks hawkish stance on interest rates, USDJPY has now approached key weekly support level at 111.400 as well as retracement level 61.8 on the H4 time frame, with this information we are looking for bullish signs however we need to take note that the dollar index...