USDZAR Outlook, looking bullish after some nice market reaction after tapping into the key level which is in confluence with the FIB key area. Looking to take profit on target 1 since the market still has an option to just form a swing LH then sell to 78.6% FIB area or just even further but i am bullish for the week ahead
AUDCAD Looks Bullish, the market has violated the downward counter trend line and broke out of the 5 weeks range on weekly time frame, The MA'S have not yet crossed up on weekly but on daily they have. This could be a potential trend reversal to the upside but key thing i would look for is a higher low formation on my key FIB area. taking a sell now or going short...
EURJPY could be potential giving us a short position to form a HL. down wards counter trend line has been violated and if we place our FIB from recent swing LH formation we can clearly see how the 78.6 area has been violated and M.A are crossed up.Bullish in over roll (only trade against the trend with target on 50% FIB level)
EURJPY Presents long opportunities as we about to move into a new month. i am looking forward into seeing a little bit of a HL formation before we impulse away for an all time high. Counter trend line has also been violated but keep in mind that we haven't taken out the previous LH and i generally would wait for a clear break of previous LH giving us a HH then...
NZDUSD looks bullish considering the fact that the marked yellow area is considered a swing higher low. trowing a FIB from that point to the all time high we can clearly see a pull back into the golden zones .Monthly & weekly time frame are Bullish. Possible HL formation on current price before we being the run.
EURUSD looks bullish, the market has been in an uptrend forming HH and HL, looking at recent price action we can see that the market has made a pull back into the 78.6 Fib level and gave us an impulsive move to the upside engulfing the previous candlestick. i anticipate a bullish move for the week ahead until 50% Fib level as TP 1
GBPJPY is looking solid for a long term impulse to for new highers but it all depends on how we react on previous market high. looking at the monthly chart we can see how the market created a higher high then came back to fib levels to create higher low. we are now seeing a market forming deeper pullbacks and long term impulsive moves to the upside. the daily...
GBPUSD look bullish for the week ahead, the market has created a ranging market or bullish flag. using the wick rejections we can see a clear formation of new highs with the higher lows being formed, the market has issued a bullish engulfing candlestick on daily time frame, in confluence with the double bottom or the market failing to push below previous higher...
XAUUSD looks bullish for the week ahead, the market has been in a down trend for some time, but we saw how it failed to create new LL between March and April, which resulted in the formation of a double bottom, after that we saw the market pushing up higher impulsive and Violated the previous LL structure, it then went straight to previous LH. Looking at the...
GBPJPY is still bullish, we have seen the HL formation on 4h chart in an ascending format, possible push to all time high but it is wise to look at the Current High of the market then the second High of the market
XAGUSD is in a bullish trend, the market has been ranging forming a potential ascending triangle. looking at the structure we haven't been forming any new highs but we have been forming higher lows, using the counter trend and the imbalance candlestick i would wait for a clear indication of bulls in the market to swing trade this commodity back to its all time...
GBPJPY is bullish, the market has formed a new HH and came back to retest the previous HH, creating a HL, Looking at the current structure it would be nice to wait for clear bullish confirmation on 4 hour to daily timeframe, if the market breaks and close below our higher high then a bearish move can be seen
EURUSD Has tapped into the all time higher and created a reversal structure indicating a bearish cycle, the market has failed to create a new higher high and formed a lower high, looking at the current structure we can simply anticipate the next bearish push back into the Lower low created and mind you the sell can be extended back into the holding higher low. i...
AUDUSD is currently in a bullish cycle, looking at the overall structure the market could be making a pullback to form a higher lower by retesting the previous higher high, but if the market closes below that area then i can consider that the bearish cycle has started, looking at current structure, the current lower low formed can hold the market or the sell can...