AUDJPY is under a lot of pressure in a bearish flag, however, too early to call a shot. Its worth monitoring the price action in coming days...
NZDJPY the support line of bearish flag is breached, and could dive the pair more than 400 pips in coming days.
USOIL will be continuing in the Bullish Trajectory Channel , most probably hitting $100 and then balance out lower at $80 per barrel
I have laid out Fib retracements to identify potential TP targets based on retracements.
USOIL is in an upward trajectory which did not get broken yet. And which I think will not broken easily due to various geopolitical issues and massive shortage and cut in production especially by Venezuela, Iran, and Libya which totally account about 1/3 of world oil reserves. Any ramp up in additional production capacity can only cause a minor retrace in price,...
EURUSD is preparing to break the neck line in preparation to dive. Later I will put targets where to take profits. Potentially, it could go down more than 500 pips.
USDJPY has create a W shaped Reversal Pattern on Elliott Waves
USDJPY had a strong upward trajectory on Wednesday, followed by a long consolidating period and forming a bull flag, trading strategy is to buy the dips and target 118.30 levels for today
My initial view on USDCAD was based on that BOC is reviewing he impacts of interest rate hikes on the Canadian dollar, and my expectation is that BOC thins that the Canadian Dollar is over valued and it is impacting negatively on the Exports.
BTC is poised for a historical high as it created a significant bounce erasing most of the losses in few hours time. Next target is $4,500
GU is about break a large bearish flag that can lead to dive down to historical lows
BTC is about to collapse, it broke the ascending channel, and then did a suckers rally, and now turn back down with negative divergence, BTC is going to have one hell of a dive soon
Gold has formed a well tested uptrend channel, next week its all about testing the continuation of this channel or the break of it
Gold should be targeting to test the support levet at $1,320 next in order to test the ascending support level. A break of 1320 should trigger a deeper correction downward.
A break of the trend line can take BTC to an unknown territory
Gold must retest 1280l in order to validate if it wants to bounce back and go higher
All indicators are aligned as overbought area, and daily candle indicating evening star, which is a reversal sign.