Rayen_ak3

Rayen_ak3

Important news this week coming from the US. CPI data on Tuesday followed by the FOMC statement on Wednesday. Technically I am expecting a bullish correction for DXY and such senario will be valid with a higher-than-expected inflation data for November and further rate hikes decision by the Fed. Waiting for more confirmation.

Rayen_ak3

Looking at Bitcoin, we can notice a rising channel mentioned inside a bigger rising, showing a clear bearish formation. A possible senario is a clear break below the small rising channel, followed by a break of the bigger channel targeting 15700$. Second senario is that price can retest the resistance line of the mentioned channels before moving down, giving us a...

Rayen_ak3

Cryptocurrency exchange FTX has filled for bankruptcy in the US and almost US$500 million in funds vanished, shaking confidence in the already troubled crypto market. What's next for crypto? Looking at the BTCUSDT daily chart, we can notice a clear break bellow the 18,000$ zone after holding for 6 months, targeting 12,500$ and 10,000$. Upward corrections are...

Rayen_ak3

From a technical perspective, USOIL is forming a bullish continuation pattern and currently trading near its support line giving us a good opportunity to buy. If current levels holds, I am expecting a bullish move targeting 93.5 being the start of the falling wedge mentioned at the 1h chart. For the longer term, we may see USOIL near 97$ being the start of the...

Rayen_ak3

As a result of todays CPI data which came higher than expected. Expect the following senario for gold. Short positions to be placed after the retest!

Rayen_ak3

Looking at the 1 hour chart, GOLD is trading inside a falling wedge -a bullish continuation pattern- at the same time rejecting important resistance zone being the 61.8% Fibonacci retracement. Two possible bullish senarios for GOLD: 1) if 1660$ zone holds, we might see a breakout above the mentioned wedge targeting 1700$ 2) we might see one more leg down...

Rayen_ak3

USDCHF, same chart, different timeframe. Looking at a smaller timeframe, we can see that USDCHF is trading near the resistance level of the rising channel mentioned at the 15min timeframe, and as long as this channel respected, USDCHF looks bearish targeting the support level of the mentioned formation, and if broken, targeting the beginning of the channel.

Rayen_ak3

USDCHF is currently rejecting the 38.2 Fibonacci retracement level with a clear reversal pattern, a rising channel, which gives a good opportunity to capitalize on. Entry: 0.9632 Stoploss: 0.9665 First target: 0.9602 Second target: 0.9580

Rayen_ak3

US30 is rejecting the trendline mentioned at the daily chart at the same time being a support level of the previous low. High probability for a short term up move targeting 31300. Stoploss at 100 pips Good Luck.

Rayen_ak3

Looking at Bitcoin from a price action perspective, we can notice that BTCUSDT is trading at a critical resistance zone at 21760$, and 50% Fibonacci retracement level at the same time! If the mentioned resistance zone holds, there will be a high probability for a rejection targeting 21160$ as a first target, and maybe 20700$ later next week. Keeping an eye on...

Rayen_ak3

From a technical perspective, EURUSD chart is looking bullish after breaking a falling channel mentioned at 30min timeframe, targeting 1.007 zone. In addition, important news today coming from the US and the Eurozone will affect EURUSD pair the most, (Fed chair Powel speaks, Eurozone monetary policy statement). A less hawkish speech by Powel, combined with an...

Rayen_ak3

Price action: GOLD is trading inside a falling channel which is a bullish formation, at the same time approaching a major support zone at 1680-1670 with a high probability for a near up ward correction. The perfect bullish senario for GOLD at the moment is to wait for a last leg down testing the mentioned support zone (1680-1670) at the same time approaching the...

Rayen_ak3

USDCAD rejecting critical zone with a clear setup for a sell entry.

Rayen_ak3

A bullish continuation pattern on GOLD offering a good opportunity to capitalize on. First target: 1738 Second target: 1745 Invalidation level: 1730

Rayen_ak3

After all the up move driven by corporate earning season and decreasing fears of a near recession hopping that the Fed will slow down the pace on increasing interest rates soon, it seems that it was just a bullish correction inside a major bear market. I can not see any positive fundamental news that may indicate a possibility that the market had reached a...

Rayen_ak3

Pure Price Action study: CADJPY moved down after breaking a rising wedge mentioned at the 4H chart which is a bearish chart pattern. At the time being, CADJPY is trading near the resistance level of a rising formation signaling a near down move. A break bellow the dotted line will confirm the bearish senario targeting the lower line of the mentioned...

Rayen_ak3

From a technical perspective, USDJPY is trading near the resistance level of a rising channel, which is a bearish continuation pattern, at the same time preparing for a break bellow a rising formation which will confirm the possible bearish senario targeting the lower line of the mentioned channel.

Rayen_ak3

Price Action Study: USDJPY is currently trading in a rising channel inside a bigger channel mentioned at the 1 hour timeframe, which is an indication for a possible down move. A break bellow the support line of the mentioned channel may push prices lower with @136.73 as a first target.