Jal121

Jal121

EUR/CHF - Weekly Chart We've seen price reverse at a key sentiment level. Price testing 1.05 for the first time in 8 weeks. A break and bullish momentum will continue. However, we may see an initial retracement before another push higher. We have been anticipating this move for some time now. Patience is key in FX, identify your directional bias for each single...

Jal121

Price is currently residing around the 1.89 level which has proven to be key resistance in near term price. We do have a 200 pip upside risk represented by 2021 highs. Stochastics in overbought territory could indicate a potential retracement on the strong upside move. Today we have already filled the average daily pip movement!

Jal121

We have been trending to the downside in 2021, however we have started to see some rangebound movements and more consistent cycles in the markets. We are approaching the end of the current downside cycle with price residing inside our demand zone, testing the key 0.84 whole level and threatening yearly lows. Stochastics also in oversold territory, is a reversal pending?

Jal121

Price is currently testing $215. Will we respect this descending structure or will bulls regain control and break to the upside?

Jal121

EUR/CHF Monthly Chart We have been trending to the downside for over three years. We saw price breakout of downside structure back in July 2020. Right now, price is residing at a key long term sentiment level and beginning to test the 76.4 Fibonacci Retracement level. Will we see buy orders triggered heading into next week or will price fall lower?

Jal121

CHF/JPY Weekly Chart Price is at its highest since October 2015 and testing the topside of this ascending structure. Will sellers look to capitalise over the next couple of weeks?

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Enjoy! We've seen some nice bullish moves in the market recently. Will Eth break this key resistance level?

Jal121

We are testing the top of the range at the 121 whole level here on CJ. A break above could see next targets around 170 pips away @ 122.70 - JPY recent weakness due to rising Covid cases. However, we are bearish on this pair and looking for sell confirmation! Let's see what happens!

Jal121

Here is the daily chart on AN. We have taken profit on AN as price tagged 1.06. We have seen multiple rejections at this whole level previously. However, if you are in this buy position for the longer term, ensure you keep an eye on 1.0650! We will be awaiting opportunities or pullbacks to get back into a long position on the pair.

Jal121

We are approaching yearly lows here on EU. Price is currently trading at 1.1810 100 pips away from the lows of 31st March @ 1.1706. If we see price bounce from this level it will confirm EUR strength after some recent bearish PA. However, if bears continue to push and create a new 2021 low we can anticipate 1.1624 being tested. Keep this pair on the watchlist!

Jal121

Bulls have been holding price at the 1.0550 level this week, a key long term sentiment level. We have seen price bounce previously from this level. If bears continue to dominate, we could see price sink to 1.0450 before a bullish bounce. We have this pair on our watchlist and are bullish and will continue to look for long opportunities into next week!

Jal121

Price is currently trading around the 0.8570 region. We have seen strong rejection off 0.8564, combined with key level, trendline and 61.8 fib level bounce. If we see a bullish candle close buyers could take control. A break through could see a test of 0.85. We remain bullish on this pair having bottomed out on the HTF and rising COVID cases weighing on the GBP.

Jal121

Price has been in an overextended cycle to the upside. We are now beginning to see downtrend structure forming on the 4HR Chart, with lower lows and lower highs. Price has bottomed out at the 80 whole level. Will the channel continue to be respected?

Jal121

We have anticipated this breakout for some time! Today has seen a strong bullish push to the upside and we are very likely to close outside this descending channel. Long term targets at the 0.87 level. Have a great trading week guys!

Jal121

Structure levels have been identified for EN. Bulls have been sitting at 1.6880 but will selling pressure continue and violate this support level? However, we could see a push to 1.70 once again! Have a great trading week guys!

Jal121

Here we have Solana. Two price forecasts have been identified with the green arrows on the chart. 20 USD represents a strong support level with long wicks to the downside. Let's see where price heads! Solana is a crypto startup that builds and develops crypto apps for decentralized apps and marketplaces. The startup was founded in 2018 and is based in San...

Jal121

Zoom out to the Daily. Mark Key Trends and Key Levels in the market. Price currently residing around 1.38 acting as support. Break to the downside incoming? Keep things simple. Trade these levels and overextensions.

Jal121

We've seen a pullback, lower high formed and more downside over the last couple of days. We're riding price down, long term targets around 117.80 Technically wise, we have seen a break from ascending structure, overextended bullish cycle, hawkish JPY outlook, price retraced to test trendline and key level in the market.