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S&P500 Timeframe H6 - Since the open this week we have been hovering around the 6,000 mark which is currently acting as a psychological level. Is there more upside to come before the end of the monthly candle close or are we going to see another bounce lower from this zone like we did last week?

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Breaking Lower. Eyes on 7500 for first target. Break of 7500 could open doors for a lower, weaker AUX over the next few weeks.

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The 1st of August saw price break below the 0.6600 - 0.6660 zone in an impulsive move to the downside. Since then, the Aussie has traded lower proceeded by a period of choppy price action. As a trend-trader I am out of the markets once we get into sideways movement and one of the rules I follow is "Patience Is A Position". It is at the beginning of November we...

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In our previous analysis we mentioned how 7000 was an important level in the ASX market and how the breach of the level could trigger a shift in the market sentiment to bearish and signal continuation of the overall downtrend. Round numbers are of significant psychological importance and act as areas of interest attracting a lot of liquidity including stop and...

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With only 5 trading days left before the monthly close; 7000 will be an important psychological level to watch. A strong break and close below 7000 could potentially trigger shorts and the resumption of the overall down-trend which could see the Aussie sink lower between today`s session into early next week? Bears Make Money; Bulls Make Money; Pigs Get Slaughtered!

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Since breaking below the 7125 zone on Sept the 21st; Price as now revisited the zone for the 2nd time, and again, failed to close above it creating what would seem to be a Double Top formation. As we slowly approach the end of the Month, it will be interesting to see if the bears will once again step in and drive the market lower with a red candle close for...

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As price consolidates ahead of Employment Data this week, we can see that over the last few sessions, price has been hovering around the 7.000 area; an important level in the AUX Market. If the bearish forces remain dominant and price fails to break the previous Lower High; we could see a good set up for shorts over the next few trading days. However, if price...

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Price broke the 1.19250 area on Tuesday and is now back for a retest from below. Should the level prove to be resistance and show signs of weakness this could be another opportunity to hop onto the trend and ride the momentum. If New York fails to drive the movement today, tomorrow is filled with Fundamentals including NFP which could be the catalyst to close the...

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Break and Retest Set Up? A rebound back to a recently broken level around the 0.61300 area. Sellers lurking in this zone and will try and defend the zone from buyers. If the level holds, we could once again see KIWI tumble lower by the end of the week.

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Bitcoin currently holding just above 21.500. Topping pattern looks like it may now be complete with a double top formation. Buyers may once again attempt to regain control at 21.500 which could result in a temporary bounce hence creating a trap for longs. Big events happening in the crypto space on Friday which could trigger a market collapse.

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Price is once again creeping towards support for a 5th attempt by the sellers to push lower. Despite numerous attempts, the buyers have successfully defended the zone since December 2022. Are we going to see another bounce or have the sellers now gathered enough momentum to break out of consolidation.

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Double-Top confirmed with a break of neckline during New York today. A close below the neckline coupled with a strong Dollar opens doors to more potential to the downside for the next few weeks. Further interest rate hikes are expected later this month at higher rates than previously expected and today's speech by Powell may have very well put a nail in the coffin...

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Final Lower high set during London this morning setting off the long anticipated break to the downside we discussed recently. Are we going to revisit the September 2022 All Time Lows at 1.03595? Time will tell. All I know is we`re in a Bear market for now and my plan is to look for selling opportunities until the trend proves otherwise.

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Is Bitcoin about to do the unthinkable ? The highlighted zone marks the 21500 zone and will play an important role in determining whether we continue to trade higher or if this is the beginning of another painful leg lower for long term investors. Perhaps an opportunity to buy at lower prices?

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From the last update on Wednesday we can see the 3rd lower high in the series is now in and price is now back at support. It"s make or break time for the British Pound as the week draws to a close and the dollar continues to hold up and attempt to push higher. Are we going to see lower prices for the Pound by the end of the week or will buyers regain control for...

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A push to the upside ahead of BOE Gov Bailey"s Speech tomorrow. Could this be a bull trap setting up to trigger the next sell off ? If we continue to see Dollar strength in the market over the next few days this may well be the catalyst leading to a much weaker Pound over the next few weeks. A bearish monthly close for February signals bearish sentiment for March.

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The Pound closed weak on Friday as the bearish sentiment continues to drive the market with what appears to be a Double Top on the Daily Timeframe 1.19000 marks what could be the neckline where buyers may attempt to regain control A break of 1.19000 confirms Double Top and should trigger more shorts In September 2022 the Pound dropped to 1.0350 forming a 37-year...

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After a rejection at 0.65000 on Dec the 13th, the sellers have stepped in and for the first time since October, price has started printing new lows. Thursday saw the market break a significant trendline which price has been respecting since October. Also, for the first time since October the market has closed the week with a strong bearish candle. A strong dollar...