I have a bearish sentiment for UJ due to current market conditions. I'm waiting to see if price will retest the 108.6 level which has proven to be a strong point of resistance. The pair has corrected its lower move and has found support @ the 38.2% fib level, but I still think we'll see a move towards the 105 region in the following weeks FX:USDJPY
predicting a more bearish trend for the dollar index, however right now price is still trading above the 98 level. 4hr doji formed which signals possible bearish continuation from previous week. waiting to see how price approaches the 94 level before confirming a total bearish sentiment TVC:DXY
TVC:USOIL
On the chart you see that I have pointed out the zones which price rejected multiple times. On the daily chart we see that price is at the top of our channel, Stochastic RSI indicator is also maxed out as well as awaiting fundamentals. If the pair is to short, which I am leaning more towards based on technical analysis, I have expectations for a...
OANDA:EURUSD
EU has been bullish for the last 4 days, pushing higher and higher to test March's high of 1.1450. The positive momentum seemed rather unaffected by the disappointing release of the German IFO business climate index, which dropped to 97.4 in June - the lowest level since November 2014. Based on technicals, I would say that EU is preparing to drop...
TVC:USOIL
Oil prices climbed on Monday as tensions remain high between Iran and the United States, with U.S. Secretary of State Mike Pompeo saying “significant” sanctions on Tehran would be announced. The tension between the US and the Middle East has simmered a little.
OANDA:GBPUSD
GBPUSD is showing bearish pressure. The pair has been declining from highs amidst political developments and Dovish BOE decisions. The 4hr trend line which was being used as support has failed to maintain and buyers seem to be struggling to rise above. Full bearish momentum has not been confirmed as yet as price is still trading above the 50 SMA....
OANDA:CHFJPY
As you can see, the Swiss-JPY pair is trading with a sustainable amount of bullish pressure on the weekly and monthly time frames, however, experiencing difficulty so far at resistance between the range of 109.-110. We all know the important of Safe Havens, especially during times of Economic turbulence. One scenario being brought forward is this:...
Please have a look at the chart. Ripple has been in a downward channel since April of 2018, the yellow areas highlight instances where the zone has been tested but remained unbroken. The areas of support have also been pointed out. My simple anticipation for longs is that price will return to test and possibly break the downward movement and push up to test resistance.
OANDA:EURUSD
EURUSD has tested the 61.8 zone on fibs after the bulls reminded us that they were still around. Trade wars between US and china as well as skepticism in EU politics has dampened volatility and breakouts, so I do not believe that right now there will be any major outbreak. Price does not seem to be ready to fully break past the 61.8 level, so right...
xrpusd, expecting a bounce from the 38170 level which lines up with 38.2 on fibs, market was on an uptrend so i'm expecting it to break or at least retest yesterday's high of .395.. BITFINEX:XRPUSD
OANDA:GBPUSD
GBPUSD has been on a 14 day decline, but last week we saw where market failed to break through weekly support at the 1.270 level, with a bullish pinbar being formed with long wicks, rejecting lower prices. The AB=CD pattern has played out and a bullish candle is now in play. Traders can look for a 30 pip short position, anticipating a retracement...
