We are looking at correction C as we speak. After this correction wave 1 will resume. Stay tuned for updates.
The major is in range, I think it may resume its uptrend based on the EU's decision to ban Russian Oil.
The Kiwi Cross has been moving in a pennant formation, creating consistent lower lows. This Cross will create new lows based on the strength We are seeing currently being exhibited by the USD. Short accordingly.
This market encountered resistance last week and is now moving in a pennant formation. Secure shorts when the opportunities present themselves. Europe is at war and European are stressed.
From the 3rd of August 2020 this pair reversed on the weekly timeframe and resumed its downtrend. It has been pulling back since the start of the month of February. It now lingers around a 38.2% retracement zone. I expect this pair to resume its down trend and drop to the 1760.000 levels or even lower. The alert has been set on the 1 hour timeframe and I will...
Market stuck in range. I will only trade after a breakout. Patience is needed.
This major has been moving in a pennant formation. I expect it to make lower lows due to to US dollar strength. If you like this IDEA leave a comment in the comment section.
The European major is in a downward trend and has been creating consistent lower lows. I will go for a short after a breakout and retest of the current consolidation zone.
The precious metal is around a strong support zone. We need more movement from the DXY to figure out its next move.
The European major is trapped in a daily range at 1.2109. This range will be broken due to dollar weakness backed by weak unemployment claims released moments ago. The major is most likely to touch the 1.22000 zone.
This pair is showing no signs of strength. After breaking the 1.28700 zone we are now headed to 1.23800. Fundamentally inflationary circumstances surround the dollar especially after the passing of the Stimulus relief bill. We are already floating at over 27 Points with this new entry.
GBPJPY is in a strong rising channel. Go long when major resistance is broken.
This pair has been moving in a pennant formation. When price crossess the 0.66888 mark, look for longs according to confluent factors.
The US major looks to resume its downtrend. Where do you think the major will go to this week ?
The precious metal will rise as the dollar weakens. Sellers are leaving this market and bulls will make their return.
Will we keep on enjoying the BIDEN boost this week ? Let me know in the comments.
Will the major break through or reverse to initial support ? Let me know in the comments.
Making continuous higher highs. Will the precious metal hit 1892 ?