EURUSD had a support around 1.1704, if you look at the daily time frame which it broke this week and almost tested 1.1660 mark. On the hourly chart there is a double bottom chart formation and a multi days trend breakout confirmation as well. So I am expecting a bullish run following week on this market to 1.18 level. Trade Safe!
Crude tested its weekly resistance at 76.88 which is a significant level, market dropped quite sharply and broke out the multi sessions bullish trend. There is strong momentum in this market right now and I am expecting the market to test the 71.96 support level. Wait for a pullback to around 38% fib level before a fresh sell off starts. Trade Safe!
GBPUSD fell quite sharply since the feds interest rates release that hinted further rates hikes in future, DXY soared on this news which ultimately pushed all the major currencies. GBPUSD left a print on 21 June at 1.3786 area. It retraced afterwards making marginal new highs, I have marked a compressing channel on my chart that broke out just recently on BoE...
GBPUSD bounced quite sharply from 1.4077 support and right now it is stalling around the multi-sessions bearish trendline which is quite likely to be broken since momentum is quite strong. Wait for the market to break the trendline and hold above in order to build long positions. Trade Safe! Good luck.
GBPUSD made a failed attempt to break 1.42 mark early London session and fell sharply during overlapping session breaking out the multi-sessions trend line. However market is still trading below this area and I am looking for it to retest the base of the broken trend line, there I will re-asses if it is lining up to target the 4th June lows around 1.4083. Trade...
ADAUSDT losing momentum on higher time frames and there is a clear divergence on 2h chart. A trendline breakout and retest setup is under development so wait for the trendline break.
BTCUSD broke out its 14 March high ($61k), making all times new high at around $65k mark. Though overall MACD showing clear signs of divergence as price makes new high. Market broke out the base of multi-days compressing channel, for now I'm waiting for the market to retest the base of the broken channel for a fresh fall to setup towards $50k mark. Trade Safe!
EURNZD tested 1.6690 highs and tried breaking out but failed. Eventually breaking out multi-days bullish trendline. As the momentum is quite strong so there is scope to further go towards 1.6668 lows. Wait for a pullback and trigger short if it breaks the pullback range. Trade Safe!
GBPNZD tested the highs of 22 OCT 20. Price broke out multi days bullish trend-line. As momentum is weakening across the board, I am looking for a retest of the broken trendline to trigger short. Don't risk more than 2% of your capital. Trade Safe!
Price tested 0.8639 mark - high of 16 March, tried breaking this level but failed and fell sharply. Looking for a pullback to get short for 0.8533 lows.
GBPUSD have been struggling breaking and holding above 1.37 mark, seeing momentum getting stronger across higher time frames and market is testing the level 4th time now, seeing scope for a breakout and possible intra-day move to 1.3780. All the best.
EURUSD have been trading within a range, though overall momentum on bigger picture like weekly is still quite strong, if price action breaks out 1.1894 area and holds above, it is very much likely that market carries on going higher. Main reason I am considering for long is there have already been multiple tests of 1.1917 area & an untested level of 1.2010 is...
EURUSD have been in a positive momentum from yesterday, seeing the scope for a retest of 1.1917 if it breaks and holds above yesterday's high. Happy Trading. Good luck.
EURUSD have traded in a very narrow range on Friday, almost testing the 1.1843 resistance area, market is trading above the 50 period simple moving average, however I am seeing the price action getting squeezed here. There could be two possible scenarios, if market breaks out this level and holds above with strong momentum, scope is there for a revisit to...
EURUSD tested 1.1917 yesterday, an important level with a divergence activity on the back, market fell quite sharply, the overall short term momentum is quite strong. If market breaks and holds below 1.1791, that opens further room to fresh sell offs towards 1.1745 & 1.1710 over the coming sessions. Good Luck.
EURUSD rallied quite sharply after rejecting to break 1.1685 from past couple of days, momentum overall on bigger picture is getting quite firm, seeing scope for short term up swing to 1.1830. Trade Safe! Good Luck.
EURUSD have broken out the bullish trend channel yesterday, wait for a retest of the broken channel, if it retests and forms a compression, watch out for the break of compression to get short. Trade Safe! Good Luck.
EURUSD price action have been trading within a multi-sessions bullish channel with successive tops and lows, momentum overall on bigger picture is building so I am looking for the break of 1.1830 area, if market breaks this area and holds above then I will look for buy setups. All the updates will be made below this idea. Trade Safe! Good Luck.