Sideways movements so far. Consolidation for a further impulse to 1.59ish. You decide what comes next.
Rally is not over yet. Now let's target another area.
Possible CH pattern in play. Correction and further impulse. I'm surprised that USD is not gaining strength against most pairs so in the meantime just need to follow the trend till the reversal happens. Next month's NFP data may be of help.
Possible reversal area. Potential BUY zone. We are trading below reference EMA's and therefore we could continue falling. All the best.
Potential SELL momentum after hitting new milestone (35k) for few pips. Correction might be in place.
Potential sell supported by RSI, ADX, MACD, STOCH. We are trading above reference EMA's though, so always careful and expect the unexpected in your risk mgmt strategy. Cheers.
We just hit a new milestone on US30 and I believe a profit taking might be around the corner. Insane rally since we cross 30k. Candle is well above reference EMA's and sitting on a resistance area on the daily timeframe. I'm not shorting indexes EVER but I am waiting for a due correction to jump in. I smell a new crash on this overheated stock markets.
Potential continuation of the HS pattern towards the circled target.
Potential BUYING area till the target. We hit the POC area and the support trendline and daily candle confirmed reversal is in place. We are currently trading below EMA lines on daily timeframe, therefore have to be cautious.
Looks like a possible double top in the ascending channel inside the bigger descending channel started after hitting the all time high. Today was quite wild and we had some big fellas dumping gold massively that send prices nearly 30 bucks down in a matter of minutes. I remain bearish.
One of the possible resistance areas has stopped today's rally. What used to be a strong resistance (1799) could be now a strong support. Remember that we still in an asdending channel inside a longer descending channel. 1850 is the REAL area to beat. Today's rally was due to heating tensions in EU with France and UK apparently. But tomorrow we will have...
As I have said long ago, I am only opening positions ABOVE 66 (SHORT) and BELOW 54 (BUY). Time to SELL. Price still could test previous high but at 67.8x but I will be adding shorts all the way till 70 in different stakes. I have my doubts that will go any higher than that with current global circumstances. OMPEC (Org. MANIPULATING Prices Exporting Countries) ...
Unstoppable rally. For those awaiting to short they need to be patient for a bit longer IMHO till the earnings season is over. The red line should be acting as a strong resistance as it comes from more than a year ago (March 2020). The impulse cycle is approaching to an end in spite of the massive amount of money injected into the system. Some values of the US30...
I am all in with my idea of USD strengthening against most pairs from the Technical and Fundamental point of view. Let's see should we can start climbing again towards 94 area.
Possible HS pattern in play with an estimated target of 1.12ish. I remain bearish on this pair since we hit that top at 1.233x. Share your thoughts. Remember this is a long term CALL. On the daily basis we will have obviously ups and downs. Fundamentally speaking I trust even more this idea at the moment of writing.
Previous call worked flawlessly and now seems that a HS pattern could be in play bringing AUD to its knees and toes :) Let's see how this plays out. All the best.
I'm uncertain about next move on BTC. On one side we have lower lows compared to the previous cicle and we went below the purple EMA line. On the other hand it looks like is repeating one of the previous impulse movements that could lead price to 67k area. Price could be consolidating in this range for a next leg up. My idea but your money and thus your...
Trading slightly off the acending channel and being support by EMA line on Weekly timeframe, thus it looks like chances of reversing at current level are quite high. Just mind that we still trading below EMA lines on Daily timeframe and that is bearish scenario for the AUD vs CAD. Failing to resume the ascending channel would probably led the AUD to a 0.9250 level.