Technical Analysis for USDCAD. Expecting a head and shoulder on H4 then fall from there.
Technical Analysis for Gold. Price is currently at the summit of what looks like a bearish channel/flag and is likely to drop from here as 1500 Along with the easing of rates last week, we may see a stronger Dollar in the coming weeks. (Please mind the chart, as I am sending this setup directly from my iPhone, I hope it’s clear. I unfortunately lost my PC but...
Closer look into NZDJPY technical analysis. Bearish flag forming in confirmation of the of our previous setup. Last stretch to 87.027 and drop from there.
Price arrives at the summit of the rising wedge. Technically we should observe strong bearish movement from here. Swing Trade
Opinion and speculations on GOLD remain unchanged, still bearish on the long run. Momentarily price is in construction of what looks like a bearish flag. Scalping opportunities if you observe todays movement. Price may drop to neckline (1748) and grow from there to resistance (1772). We will see what happens from there.
Rarely releasing currency pair setups but I couldn't ignore this one. Technical view on NZDJPY. The trendline is only there to show break of structure, my main bear indicator here is the (H&S) forming on H4. As the pair is already trading on resistance area, we're likely to see a drop in price as soon as today. PS(This is more a signal, than it is a setup). SWING TRADE
My bias still bearish on Gold. Price may push up to as high as 1770 in the early hours of today before a huge drop to at least 1720 as it still trades above 60% fib level of this particular pattern/structure. A familiar pattern is forming (H&S) on H4 and what looks like a bearish flag on miniature timeframe H1 and M30. EXISTING HOME SALES NEWS @ 15:00 CAT.
Gold prices fell to support on 1620 and pulled back past previous resistance 1664 very recently like we anticipated on our previous setup. The overall trend for gold is bearish as we observe a monarch pattern on W1. Technically we should observe a retracement to support 1664 in this coming week or 2. 'Bad news for economy is good news for gold visca versa'
Technical analysis for GBPCAD. Price is highly like to jump from support to at least 1.55 soon following release of labour data.
Technical idea for Gold, we're likely to see gold drop to support on 1620 this week before a possible reversal.
This is the Bitcoin chart and structure. It rests on support after a 3rd test on the trendline. I honestly don't know what drives BTC prices but on a technical perspective, these areas would be great for the purchasing of crypto as we await a bullish breakout.
My perspective on GOLD. Last week a strengthened US Dollar caused XAUUSD to slip below a yearly low which was last visited 9 Aug 2021. Technically, Gold is on an overall structure of a Monarch Pattern/Bearish Bat on large timeframe (W1&M1). We observed strong bearish movement which resulted in a breakout on support line(1680). The breakout is currently in retest...
Observe the reaction of NZDUSD as it looks to break out of small channel. D1 and W1 showing inverse H&S. With DXY looking to retrace, we may observe a rise in this pair for the coming weeks.
Technical analysis for GBPUSD. Inverse H&S on D1 and W1. Bullish rally confirmation on H4 after completion of bearish bat. We should observe a rise in the pair for the rest of the year at least.
Technical Analysis for pair AUDUSD. Bullish movement may be anticipated observing the overall structure, a Bullish Flag and Invers H&s on H4.
I think it's time to gather more bitcoin. Technically, we should observe bullish movement in the weeks that lie ahead.
USDJPY looking up after a visit to the channel's support. Likely to see a rise especially with the weakened JPY fundamentals
Bearish continuation on pair GBPNZD after breakout retest. Could be a false break however the NZD index is looking bullish. 🐻 Stop loses inside the channel