KaisMarket

KaisMarket Jan 6, 2023

Potential for a reversal pattern here today. The DXY went very bullish yesterday and today we have lots of US DATA MAINLY LOOKING AT THE UNEMPLOYMENT DATA. 1845 looks to be the top for tosay for me targeting 1833/ 1827 (neckline) / 1790 which would be a BOS but lots of data making it easy

KaisMarket Jan 5, 2023

Looking to find some sort of support at 70.00 and may double bottom. The overall main trade though is this falling wedge pattern where we may see bulls make a break for it and test that important 82.00 level. A break of this previously tested level would result in a poss move to 95.00 but we would need some big driving factors or a big new event to come

KaisMarket Jan 5, 2023

Currently the down channel has been broken by the DXY exploding out its chanel. However wait until the pullback and re-est of the 133.000 zone before entering longs to test previous resistance at 137.400

KaisMarket Jan 5, 2023

Looking at gold we could be seeing a smaller timeframe bull flag being created which could go as low as 1833. However we have some big resistance at 1875 from the previous breakout of the 2018 trendline. I ill be watching for selling pressure on a big scale between 1875/1879

KaisMarket Jan 5, 2023

We see a reversal pattern forming for the australian dollar. The main driver for this is china opening back up trades routes. Australia is a massive coal exporter and its biggest buyer was China who for some time now had not been doing business with Australia however this is now all changing as China look to green light the coal exports again. Not only this but...

KaisMarket Jan 4, 2023

Looking at AUDUSD the original head and shoulders set up is now invalid however we seen a clean rejection from the previous top now creating a double top. With the FOMC we could see the Dollar strengthen since JAN / FED are typically strong months for the dollar. That would help fuel a fall to test the previous breakout neckline at least

KaisMarket Jan 3, 2023

Gold has had some nice plays with the first proper day of normal trading due to the festive period. Still in this rising wedge currently and we have just rejected the upper trend line. Now would be a good point to sell due to minimum risk and a healthy reward. Targets are shown on the fib but i will close at 1803 or a bottom trend line touch unless we breakout...

KaisMarket Jan 3, 2023

AUDUSD making some jokes huh? I see your inverse Head and Shoulders, now i raise you a Head and Shoulders haha. On a serious note we may see a test of the neckline on the inverse head and shoulders

KaisMarket Jan 3, 2023

GBPJPY still has more down to go. currently we are in a corrective phase. I have highlighted a candle of interest where i look to add to sells. As we can tell we see a large wick up showing nice rejection to buyers. This would be a nice place to sell on a bounce of the trend line. A smaller time frame target would be 154.5 zone but more down would be around the 151.0 area

KaisMarket Jan 3, 2023

Looking as NAS100 we have a breakout of the wedge which hasnt completed its up push and is finding support. Within the wedge we also have a reversal patter an inverse head and shoulder. Both patterns indicate a bullish move but we shall see. Targeting 11278 area for my TP minimum risk with a good risk reward ratio so seems to be worth a shot

KaisMarket Updated  Jan 3, 2023

We can see the chart to the left is on the weekly time frame just plainly showing the trend. Now we have had a breakout we can see on the daily timeframe a clean re-test and we look to buy now as we have stayed above the mental zone of 1.50000. Nice clean rejection should give us a new move up with a great risk reward ratio. The target lines up with the .50% fib retrace

KaisMarket Updated  Jan 3, 2023

Looking at the reversal pattern that is well in play we now have a continuation pattern (bear flag) which hints at more down to come. waiting to see if we can get a breakout of this flag before selling

KaisMarket Updated  Jan 3, 2023

AUDJPY looking like its in full melt down mode for JAN I think. We have had the main major trend broken and cleanly tested. Next support is a long way off bear are in control here.

KaisMarket Jan 3, 2023

We saw EURAUD making this aggressive push to the upside. currently we are stuck in this channel which is forming a bull flag. Now a bullflag if a "continuation pattern" key word in there. Our entry would be on the breakout of the top channel line to test previous resistance. Price may fall into the highlighted demand zone which is where the most volume is for this session

KaisMarket Jan 1, 2023

NAS100 as we can see has a falling wedge pattern which we have broken out of and re-tested. I anticipate a bullish move this week the target of 11400 area

KaisMarket Jan 1, 2023

Looking at USDJPY I see only two options for this week ahead. We can either double bottom here where it reversed last and test the channel again or we continue down in the Channel and find support at the lower Channel trend line. - watch out for reject and double bottom here -if no rejection buy setup on the lower channel but also sell set up if we turn support...

KaisMarket Jan 1, 2023

GBPCHF currently stuck within this falling wedge of the lower timeframe. Looking like we are about to start a wave 5 down and this is why. -BXY(£) Has formed a reversal Head and shoulders pattern which is testing the neckline so we could see the £ fall -Wave 4/5 if correct - previous resistance and key pivot point to short - Long set up almost ready down at the...

KaisMarket Dec 26, 2022

USDCAD has formed a reversal inverse head and shoulders pattern. We can see the down trend that was oppressing USDCAD has finally been broken and the current price has rejected up off of the new uptrend as highlighted. Price just now has a good risk reward ratio for entries so Is worth an entry when we see volume return soon. if not we can enter on the break of...