KaisMarket

KaisMarket

EURCAD is currently in this sideways support and resistance very basic. range is very nice though with 410 pips up for grabs if we get a nice rejection here to push back up from the first test of support since it was created but i am wary of a fake breakout here so be careful. Failing the range hold price could easily fall to the up trend

KaisMarket

EURGBP has been having violent spikes up recently. Price has so far fall back down to this continuing up trend on the 4HR TF. my preference is to buy here as the market is hinting on the 1 HR TF a potential bull flag to help push up from this trend touch. I would wait for a rejection here and a break and re-test of the black trend line for the 1 Hour TF

KaisMarket

Larger picture is a Head and shoulders within this up channel. Smaller time frame looking at this bear flag which should take us to at least test the neckline and hopefully break and play out the H+S pattern to test the channels trend

KaisMarket

So from last night's post we have saw EURUSD sell off as anticipated from the bear flag. now we have the main channel test and USD strength has some momentum from a dxy bull flag which bulls will need to use to break this

KaisMarket

Current bull flag on the DXY and current Bear flag on gold things you love to see! Gold has broken out its bear flag and the trend since early DEC and currently looking for a retest around 1870. Sell off is confirmed is we re-test the structure of the bear flag and reject and then break 1860 this will confirm 1832

KaisMarket

Looking to see AUDUSD test the channels up trend support as we get a developing 1 HR bear flag on the hourly. Anticipate a big sell of if we break the bottom trend line of the bear flag & will also be looking out for a big driving factor in the data releases to trigger this

KaisMarket

USDJPY has been caught in this downwards channel until finally an aggressive break. We then saw price gap up on the asia open at the start of the week before price correcting itself and as always filling the gap 142.400 will be the target now and alot of Dollar pairs setting up the advantage for dollar strength to come.

KaisMarket

On the 1HR timeframe we can see EURUSD is setting up a bear flag (continuation pattern ) meaning i anticipate USD strength and to see EURUSD FALL FURTHER. Entry and confirmation would be a break and sell off from the lower bear flag trend line

KaisMarket

Looking on the 1D time frame we can see a inverse head and shoulders hinting at price making a burst much higher to our possible fib targets. going down into the 12HR TF price is trading in a perfect 230 pip box or the right shoulder.Price is currently at a good RR level for buying as we can use support here to buy and also on what may be the bottom of the right...

KaisMarket

Bull flag ( continuation pattern ) hinting at now we have broken the minor downtrend and re-tested the structure we can now continue up to test 94.000. A break of the upper bull flag trend line would singal its time to go higher and break this resistance.

KaisMarket

Gap fill trade idea for today. Price almost pushed into the opening sell off where we can anticipate easy sell off to target the gap and like all gaps it must get filled. The risk on this trade is extremely low also making it more attractive

KaisMarket

EURUSD looking to test 1.07363 area and a tend test would be in play here also. Depending on price action i think after such an aggressive sell off we may correct around 170 pips to 1.09200 before EURUSD decides where to next. i will be looking to long 1.07363 as long as the trend remains in tact .

KaisMarket

Gold last week we saw $98 drop very sharply. Price to open the week i would anticipate a correction before any next moves. price has dropped to .618% fib level. We can see a demand zone level created previously at this current level. Correction to 1900 level would be nice to see if its tested at resistance. if so we could see price pushed further but the main...

KaisMarket

Channel bounce off of the bottom trend line. Looking for a slight pullback to get a safer entry but see us pushing up to the highlighted zone to fill the wicks

KaisMarket

AUDUSD in its current up channel is correcting but still has another 54 pips or so to go. You can see the best place to buy would be off the bottom up trend on the basis of a rejection but i have also highlighted 2 candles of interest where we could see buyers move in. looking for a buy near the 0.70000 level. This could trigger either a push to double top or...

KaisMarket

GBPUSD looking to pullback after a nice bullish up push over the last few months. Looking at a 350 pip correction now we have printed in our double top. This would see us fall to the main trend line for a test .

KaisMarket

Is it time for the main trend test yet? The charts are certainly indicating so, we have this rising wedge that we have broken out of but also a early H+S formation. We will need to give a few days to see if we get a right shoulder play out to confirm this but if so Targets next week will be 1902 & 1870 ish leve. 1920 still remains a solid support for bulls so a...

KaisMarket

US DATA to be fair was fire yet we didn't see gold budge. I believe the news was a good stop hunt faking a small move up before the real move of the rising wedge formation plays out