Wolfpac

Wolfpac

EURJPY has suffered a great deal of bearish power through out the week, and is still overall a bearish bias for next week. Right now we are at a key level of support at 117.60-80, we can expect a bull leg to form and surpass the 40 pip wick left from yesterdays sessions. This bullish leg is a simple retest of the bear flag we are currently in. After reaching this...

Wolfpac

USDNOK has been on an aggressive bull trend compared to other major USD pairs that have been running bearish through out the week. This weekly candle is in severely overbought territory which grants us the opportunity for shorts to take place now. A retest of the H4 trend line will create an expected higher low. Clear break of this trend line will indicate a...

Wolfpac

The Aussie has faced a massive bearish trend but has managed to break out of it's channel last week. After 7 days of a bullish reversal we now have strong indication for continuation to the upside. Waiting for liquidity to settle after today will give us better clarity for entry, expecting pullbacks to the downside during market open.

Wolfpac

Euro Aussie is setting up for a great long opportunity. As discussed earlier this week, the Australian Dollar has been tumbling down due to the nations pre-election period. On a technical basis Euro bulls are keeping the pair above major support at 1.61940. What looks to be a bull flag forming, points us in favor of a break out targeting price area of 1.62740.

Wolfpac

As tensions rise over the China America trade war, this is not the biggest fundamental component to determine Oil's price. We are seeing a very big possibility of a War breaking out between the states and Iran. This will consequently raise oil prices like we have historically seen before. Price action has shown major respect of support at the 62.500 after having...

Wolfpac

With last weeks price action we have a strong indication that the U.S Dollar is currently the biggest influence on the direction of Gold prices. The price action further indicates that Gold is no longer a safe haven asset, but rather an investment. A lack of buyers who are choosing to invest in assets that could provide a better ROI makes the potential for a...

Wolfpac

The Aussie has been in rapid decline as the nation is enduring it's pre-election period! At these times many nations take advantage of devaluing their currency, making commerce cheaper in order to bring back Foreign Investors. In turn this flourishes the economy post election. On a fundamental basis a short is most probable, and TA supports this idea. The...

Wolfpac

BTCUSD has the Cryptosphere feeling like it's 2017 all over again! After on going months for the market to recover we finally have the pump..or do we? Bitcoin has always been respective of strong buy and sell walls which makes TA possible to predict it's next move. Many are expecting the second shoulder to form and complete a H&S pattern. It should be noted as a...

Wolfpac

All across the board we have seen a very bearish Pound. GBPUSD has surpassed it's weekly 1.30000 price zone which acted as previous support on both Daily and Weekly time frames. A correction to the upside is due, targeting 1.28600 as re-entry for shorts to take place. The 1.28600 zone is crucial as it pin points the 50% retrace of this weeks candle. If...